income tax

• 1. payment must be in cash
• 2. Payment mus be made pursuant to written divorce agreement
• 3. Payment must be received by or on behalf of spouse
• 4. no liability fr payments after death of spouse
• 5. not "not alimony"
• 6. not child support
• 7. No joint return
• 8. Must not be members of same household

if there is a reduction in alimony within 6 months ofa child turning 18 or 21 the amount of drop is presumed to be child support

when there are at least two reductions and atleast two children, if there is a year between 18-24 that both reductions occur and the children reach the same age within that year

Investment in K/Expected return under K

Expected return=Pmnt to be recieved *life expectncy

Reasonable and necessary, away from home, and incurred in pursuit of a business

• 50% of AGI unless its appreciated property then 30%
• 50% comes first

(sales price/FMV)(adj basis)=new ADJ Basis

sales price- New ADJ Basis=gain

can deduct capital losses up to capital gains plus 3k

gain realized/kprice