Business
Business, 12.08.2019 18:20, natjon528

Casper and cecile divorced in 2018. as part of the divorce settlement, casper transferred stock to cecile. casper purchased the stock for $85,000, and it had a market value of $136,000 on the date of the transfer. cecile sold the stock for $119,000 a month after receiving it. in addition casper is required to pay cecile $4,250 a month in alimony. he made five payments to her during the year. what are the tax consequences for casper and cecile regarding these transactions? if an amount is zero, enter "$0". a. how much gain or loss does casper recognize on the transfer of the stock? $ b. does casper receive a deduction for the $21,250 alimony paid? yes c. how much income does cecile have from the $21,250 alimony received? $ d. when cecile sells the stock, how much does she report? cecile will report a gain of $. previousnext

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