Casper and Cecile divorced in 2018. As part of the divorce settlement, Casper transferred stock to Cecile. Casper purchased the stock for $190,000, and it had a market value of $304,000 on the date of the transfer. Cecile sold the stock for $266,000 a month after receiving it. In addition Casper is required to pay Cecile $9,500 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
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Casper and Cecile divorced in 2018. As part of the divorce settlement, Casper transferred stock to C...
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