Robert and rebecca finalized their divorce last year under, Ask an Expert

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Robert and Rebecca finalized their divorce last year. Under a Divorce Agreement entered by the Court as part of their final divorce, Rebecca was required to pay Robert $ 60,000 last year, $ 30,000 this year and $ 10,000 next year. Assuming that all payments are made when due, what will be the tax consequences to Robert and to Rebecca for each of the three years?

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