Ultimate tax treatment of the alimony payments

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Reference no: EM13992036

Albert and Patricia are divorced during the current year. As part of their divorce agreement, Patricia agrees to pay Albert alimony of $85,000 in the current year and $5,000 per year in subsequent years. What tax problem is presented by this agreement? What will be the ultimate tax treatment of the alimony payments?

Reference no: EM13992036

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