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3-38 alimony. as a result of their divorce, fred agreed to pay alimony to tammy of $20,000 per year. the payments are to cease in the event of fred’s or tammy’s death or in the event of tammy’s remarriage. in addition, tammy is to receive their residence, which cost them $100,000 but is worth $140,000. a. how will the $20,000 payments be treated by fred and tammy if covered by prior law? b. how will the payments be treated if the divorce is covered by new law? c. what is tammy's basis in the residence? d. what role would a tax adviser play in a divorce?
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3-38 alimony. as a result of their divorce, fred agreed to pay alimony to tammy of $20,000 per year....
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