With Respect to Property Settlements in a Divorce or Separation

question 1976

Multiple Choice

With respect to property settlements in a divorce or separation, all of the following are true with the exception of

• A) the spouse receiving a property settlement has a basis equal to the basis of that property to the paying spouse prior to payment.
• B) a property settlement does not result in income to either spouse.
• C) no tax deduction is allowed for payment of a property settlement.
• D) All of the above statements are correct.

---

Definitions:

Corporate Control

The ownership structure or governance framework that determines the strategic direction and decisions of a company.

Logrolling

The trading of votes by legislators to secure favorable outcomes on decisions concerning the provision of public goods and quasi-public goods.

Political Technique

Strategies or methods used in the realm of politics to gain influence, power, or achieve specific goals.

Special Local Project

A specific, often government-funded, initiative designed to address a unique need or issue within a local community.