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Sheena Maskell Sheena Maskell
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7 years ago
Larry and Lynn obtain a divorce in the current year.  Under the terms of the divorce, Lynn receives possession of their home for five years and custody of their daughter, Laura.  Larry had inherited the home and must pay all of the costs of its maintenance, taxes and insurance, as well as $12,000 in child support a year.  Larry lives in an apartment.  What tax issues should Larry and Lynn consider?
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Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
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MsLippyMsLippy
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7 years ago
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Sheena M. Author
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#2
7 years ago
I took a chance with your answer

It was right
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