Which of the Following Statements About Alimony Payments Is True

question 119

Multiple Choice

Which of the following statements about alimony payments is True for divorce agreements executed before 2019?

• A) To qualify as alimony, payments must be made in cash.
• B) Alimony payments are includible in the gross income of the recipient.
• C) To qualify as alimony, payments cannot continue after the death of the recipient.
• D) To qualify as alimony, payments must be made under a written agreement or divorce decree that does not designate the payments as "nonalimony" or child support.
• E) All of the choices are correct.

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Definitions:

Joint Tenants

A form of co-ownership where parties own property in equal shares and have the right of survivorship, meaning if one owner dies, the property automatically passes to the surviving owner(s).

Tenants in Common

A form of co-ownership where each owner holds an individual, undivided ownership interest in the property, which can be passed to their heirs.

Lot A

Typically refers to a designated plot of land, often identified in plans for development or subdivision.

Will

A legal document specifying how a person's assets and affairs should be handled after their death.