Under what conditions are alimony payments from divorces included in the recipient's gross income?
Question:
Under what conditions are alimony payments from divorces included in the recipient's gross income?
Alimony:
It is the payment one spouse receives after divorce from another for maintenance. It provides financial support to the non-earning spouse. The earning spouse is liable to pay this amount.
Answer and Explanation: 1
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View this answerConditions of including alimony in gross income:
- When there is a legal separation agreement between both parties regarding the alimony,
- When the...
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