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Alimony payments changes under TCJA
Gabriele-19406 - 03/15/2019, 4:03 pm

Note: This answer is only correct if the divorce/separation agreement was executed before Dec 31, 2018. For divorce/separation agreements executed or modified after that date, alimony payments are no longer included in income or deductible for the payer.

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RAIN - 03/19/2019, 2:52 pm

Thanks, Gabriele. On the exam, the AICPA will indicate which year alimony applies to. Question updated to clarify.

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Gabriele-19406 - 03/19/2019, 4:31 pm

Thank you Rain!