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What amount can Jake deduct as alimony for the current year

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Problem - Jake pays the following amounts to his former spouse during the current year:

Regular alimony payments $12,000

Child support 10,000

Residence as part of a property settlement 115,000

Required - What amount can Jake deduct as alimony for the current year? Assume that the divorce occurred before 2019.

Reference no: EM132628347

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