Main.do?invoker=&takeAssignmentSessionLocator=&inprogress=false no еВook Exercise 4-23 (Algorithmic) (LO. 4) Casper and Cecile divorced in 2018. As part of the divorce settlement, Casper transferred...

Extracted text: Main.do?invoker=&takeAssignmentSessionLocator=&inprogress=false no еВook Exercise 4-23 (Algorithmic) (LO. 4) Casper and Cecile divorced in 2018. As part of the divorce settlement, Casper transferred stock to Cecile. Casper purchased the stock for $67,500, and it had a market value of $108,000 on the date of the transfer. Cecile sold the stock for $94,500 a month after receiving it. In addition Casper is required to pay Cecile $3,375 a month in alimony. He made five payments to her during the year. What are the tax consequences for Casper and Cecile regarding these transactions? If an amount is zero, enter "$0". a. How much gain or loss does Casper recognize on the transfer of the stock? b. Does Casper receive a deduction for the $16,875 alimony paid? Yes c. How much income does Cecile have from the $16,875 alimony received? d. When Cecile sells the stock, how much does she report? Cecile will report a gain -v of $ Feedback Check My Work When a married couple divorce or become legally separated, state law generally requires a division of the property accumulated during the Previous Next Check My Work 7:09 PM 32°F Winter Storm 1/16/202