The tax law defines alimony to include transfers of property (but not cash)between former spouses.

Name: The tax law defines alimony to include transfers of property (but not cash)between former spouses.
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

Alimony typically refers to cash payments made under a divorce or separation agreement and does not include transfers of property. Property transfers between former spouses are generally treated differently under tax law.

The Tax Law Defines Alimony to Include Transfers of Property