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What amount can Jake deduct as alimony for the current year

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Reference no: EM132655479

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

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

a. $0

b. $12,000

c. $22,000

d. $137,000

Reference no: EM132655479

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