With Respect to Property Settlements in a Divorce or Separation

Multiple Choice

With respect to property settlements in a divorce or separation, all of the following are true with the exception of

A) the spouse receiving a property settlement has a basis equal to the basis of that property to the paying spouse prior to payment.
B) a property settlement does not result in income to either spouse.
C) no tax deduction is allowed for payment of a property settlement.
D) All of the above statements are correct.