Business, 16.10.2019 02:30, deanlmartin

Bonnie and howard got divorced in 2018. under the terms of the decree bonnie will pay howard $100,000 in cash in each of the next ten years (or until howard’s death or remarriage). in addition, bonnie will transfer a residence worth $2,000,000 to howard and pay $30,000 per year to support their daughter, kristina, until she turns 19 years old. what amount (if any) is included in howard’s gross income this year?

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Bonnie and howard got divorced in 2018. under the terms of the decree bonnie will pay howard $100,00...