JC and KC finalized their divorce in 1990. The divorce decree stated that JC had...
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JC and KC finalized their divorce in The divorce decree stated that JC had to give KC their condo worth $ and KC had to pay JC annual payments of $ until JCs death. Which of the following is true based on this divorce settlement? KC has taxable income of $ JC has taxable income of $ KC has NO taxable income JC has NO taxable income Question options: One and two One and four Two and three Three and four
JC and KC finalized their divorce in The divorce decree stated that JC had to give KC their condo worth $ and KC had to pay JC annual payments of $ until JCs death. Which of the following is true based on this divorce settlement?
KC has taxable income of $
JC has taxable income of $
KC has NO taxable income
JC has NO taxable income
Question options:
One and two
One and four
Two and three
Three and four
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