Essay
Mattie and Elmer are separated and are in the process of obtaining a divorce.They incur legal fees for their respective attorneys with the expenses being itemized as follows:
For
Mattie
Elmer
General costs of the divorce
$3,500
$3,000
Determination of dependency exemptions
1,500
-0-
Property settlement tax consequences
400
1,500
$5,400
$4,500
Although there is no requirement that he do so,Elmer pays Mattie's lawyer as a gesture of the positive feelings he still has for her.
a.Determine the deductions for Mattie and for Elmer.
b.Classify the deductions as for AGI and from AGI.
Correct Answer:
Verified
Correct Answer:
Verified
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