Alimony is taxable to the person who receives it and deductible to the person who pays it. If you receive alimony, you must give your Social Security Number to the payer. Not doing this could result in a penalty.
If you receive or pay alimony, you must use Form 1040.
Child support is not taxable or deductible.
For more info from the IRS, please check out IRS Topic No. 452.
Alimony is reported on Schedule 1 of 1040 in UltimateTax.
This information applies to all years of the UltimateTax software.
