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I know alimony reached and executed before 12/31/2018 is deductible. Is it still reportable by the recipient as income?

 
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2 Replies
KrisD
Intuit Alumni

I know alimony reached and executed before 12/31/2018 is deductible. Is it still reportable by the recipient as income?

Yes. The law changes only for "divorces executed or modified after 2018". 

If a pre-2019 divorce is not modified, the old rules apply: the payer can deduct payments and the recipient must pay tax on them."

https://www.kiplinger.com/article/taxes/T055-C005-S001-under-the-new-tax-law-is-my-alimony-tax-free....

I know alimony reached and executed before 12/31/2018 is deductible. Is it still reportable by the recipient as income?

the question was   Can that income be used to open an ira?
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