Course: Income Tax Planning
Lesson 4: Calculating Total Income
So, if I’m understanding this correctly, alimony recapture should no longer be an issue in 2019 and beyond due to alimony no longer being deductible, correct?
Alimony paid under a divorce decree executed before 1/1/19 will continue to be deductible from AGI by payor and included in payee gross income, even if paid after 1/1/19.
Alimony paid under a divorce decree executed after 12/31/18 will not be deductible by payor and will be excluded from payee gross income.
Hope that helps!