JC and KC finalized their divorce in 1990. The divorce decree stated that JC had...
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Accounting
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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