Under the terms of their divorce settlement, Barry Low must pay his former spouse, Mandy Brock, $1,000 per month in child support and $1,800 per month in spousal support. While in previous years, Barry has paid the full amounts required by the settlement, in 2020, his payments total only $14,000. How will these payments be dealt with in the tax returns filed by Barry and Mandy?

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The Answer of Under the terms of their divorce settlement, Barry Low must pay his former spouse, Mandy Brock, $1,000 per month in child support and $1,800 per month in spousal support. While in previous years, Barry has paid the full amounts required by the settlement, in 2020, his payments total only $14,000. How will these payments be dealt with in the tax returns filed by Barry and Mandy?

Under the Terms of Their Divorce Settlement, Barry Low Must