Charles and Camilla divorced in 2021. Under the terms of the…
Charles and Camilla divorced in 2021. Under the terms of the decree, Charles pays Camilla $50,000 in cash in each of the next five years (or until Camilla’s death or remarriage). In addition, Charles transfers a castle worth $3,000,000 to Camilla in 2021 and will pay $15,000 per year to support their son, Clyde, until he turns 19 years old.What amount (if any) is included in Camilla’s gross income in 2021?
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