Regardless of when a divorce agreement is executed, alimony is included in gross income of the recipient and is deductible for AGI by the payer.
Correct Answer:
Verified
Q25: Earnings from Internal Revenue Code Section 529
Q26: The exclusion ratio for a purchased annuity
Q27: An employee may exclude up to a
Q28: Interest earned on a federal Treasury bond
Q29: Gambling winnings are included in gross income
Q31: Scholarships are excluded from gross income for
Q32: Rental income generated by a partnership is
Q33: Taxpayers meeting certain home ownership and use
Q34: Qualified fringe benefits received by an employee
Q35: Interest earned on a city of Denver
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents