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In 2022, Mason is working with his attorney and his CFP professional on the final documents
concerning his pending divorce from Kristen. The sources for the cash and property for Kristen
have been identified and are to be received by Kristen over eight years. If alimony payments are
specified to continue after Kristen's death, which of the following statements regarding such
payments is CORRECT?
A)
The total future amounts become taxable income.
B)
The alimony is a deductible expense.
C)
The alimony is both deductible by Mason and is taxable income to Kristen.
D)
The payments are not considered alimony.

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  • 1. In 2022, Mason is working with his attorney and his CFP professional on the final documents concerning his pending divorce from Kristen. The sources for the cash and property for Kristen have been identified and are to be received by Kristen over eight years. If alimony payments are specified to continue after Kristen's death, which of the following statements regarding such payments is CORRECT? A) The total future amounts become taxable income. B) The alimony is a deductible expense. C) The alimony is both deductible by Mason and is taxable income to Kristen. D) The payments are not considered alimony.