Author Question: A(n) ____ ensures that a nonemployee spouse remains responsible for taxes on a divided pension. ... (Read 25 times)

magmichele12

  • Hero Member
  • *****
  • Posts: 559
A(n) ____ ensures that a nonemployee spouse remains responsible for taxes on a divided pension.
 
  a. TRO
  b. DSO
  c. IRS recapture rule
  d. QDRO

Question 2

According to the Taxpayer Relief Act of 1997:
 
  a. A sale of a marital residence prior to divorce would probably result in a higher tax burden.
  b. There would be no tax on a residence that sold for 400,000, with a cost basis of 280,000, regardless of whether it was before or after a divorce.
  c. A transfer of one spouse's interest in a home to the other, incident to a divorce, would keep the 500,000 exclusion intact.
  d. The sale of a marital residence does not result in a taxable capital gain.



kilada

  • Sr. Member
  • ****
  • Posts: 311
Answer to Question 1

d

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

For a complete list of videos, visit our video library