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Business, 04.07.2019 12:20 aide1234564

Casper and cecile are divorced this year. as part of the divorce settlement, casper transferred stock to cecile. casper purchased the stock for $25,000, and it had a market value of $43,000 on the date of the transfer. cecile sold the stock a month after receiving it for $40,000. in addition casper is required to pay cecile $1,500 a month in alimony. he made five payment to her during the year. what are the tax consequences for casper and cecile regarding these transactions? if an amount is zero, enter "$0".

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