Max and Lynn are finalizing their divorce. Under their divorce decree, Max will annually pay...
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Accounting
Max and Lynn are finalizing their divorce. Under their divorce decree, Max will annually pay $14,000 of alimony to Lynn. Which of following statements is correct? (1 pts)
If the divorce is finalized in 2018, he can deduct alimony paid on Form 1040A.
If the divorce is finalized in 2018, the alimony paid is entitled to an above-the-line deduction.
If the divorce is finalized in 2019, the deduction for alimony is entered on Schedule A as an itemized deduction.
If the divorce is finalized in 2019, the alimony paid is entitled to an above-the-line deduction.
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