If the Alimony Recapture Rules Apply, the Recipient of the Alimony

question 75

True/False

If the alimony recapture rules apply, the recipient of the alimony decreases his or her AGI by a portion of the amount included in gross income as alimony in a prior year or years.

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Definitions:

Delegatee

One to whom contract duties are delegated by another, called the delegator.

Delegated Duty

A task or responsibility that is assigned by someone in authority to another person or entity to execute.

Assignor

The person who assigns contract rights.

Obligor

The party in a contractual agreement who is bound to provide a payment or performance to the other party, known as the obligee.