Marisa and Kurt Divorced in 2012

question 83

Essay

Marisa and Kurt divorced in 2012.Under the terms of the divorce agreement,Marisa was to pay Kurt $110,000 in 2012 and $60,000 each year following until Kurt's death or remarriage.What must Kurt report on his tax return for 2014 regarding these transactions?

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Definitions:

Metacarpal

The metacarpal bones are the five long bones in the hand that connect the wrist to the fingers.

Radial Notch

A small depression or notch located on the ulna bone that articulates with the head of the radius, enabling the rotation of the forearm.

Humerus

The long bone in the upper arm or forelimb extending from the shoulder to the elbow.