with regard to the alimony deduction in connection with a 2007 divorce which one of 624131
With regard to the alimony deduction in connection with a 2007 divorce, which one of the following statements is correct?
- Alimony is deductible by the payor spouse, and includible by the payee spouse, to the extent that payment is contingent on the status of the divorced couple’s children.
- The divorced couple may be members of the same household at the time alimony is paid, provided that the persons do not live as husband and wife.
- Alimony payments must terminate on the death of the payee spouse.
- Alimony may be paid either in cash or in property.