Property Settlements Made Incident to a Divorce Have No Immediate

question 120

True/False

Property settlements made incident to a divorce have no immediate tax consequences; that is,the transfer from one spouse to another is not taxable.

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Definitions:

Indigenous Groups

Ethnic groups that were the original inhabitants of a given region, maintaining traditions that distinguish them from the dominant groups of the region.

Contagion

The transmission of disease by direct or indirect contact.

Early State Societies

Societies that feature the earliest forms of centralized government and social stratification.

Social Egalitarianism

The doctrine advocating for equal rights, benefits, and opportunities within a society, emphasizing social equality amongst its members.