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Determine how much alimony is deductible

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Problem - A taxpayer (payor ex-spouse) is required to pay an ex-spouse (recipient ex-spouse) alimony of $12,000 per year. Determine how much alimony is deductible by the payor ex-spouse and how much alimony is recognized as income by the recipient ex-spouse based on the following information

The payments are made in 2019 as part of a divorce decree executed in 2018. The divorce decree is modified in 2019 to explicitly apply the provisions of the TCJA.

The payments are made in 2019 as part of a divorce decree executed in 2016.

The payments are made in 2019 as part of a divorce decree executed in 2019.

Reference no: EM132673861

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