CCH Federal Taxation-Comprehensive Topics 35. Beth, who is single, redeems her Series EE . bonds. She receives $12,000, consisting of $8,000 principal and $4,000 interest. Beth's qualified educational expenses total $16,500. Further, Beth's adjusted gross income for the year is $40,000. Determine what, if any, interest income Beth must include in her gross income.
CCH Federal Taxation-Comprehensive Topics 35. Beth, who is single, redeems her Series EE . bonds. She receives $12,000, consisting of $8,000 principal and $4,000 interest. Beth's qualified educational expenses total $16,500. Further, Beth's adjusted gross income for the year is $40,000. Determine what, if any, interest income Beth must include in her gross income.
Chapter12: Alternative Minimum Tax
Section: Chapter Questions
Problem 3BCRQ
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CCH Federal Taxation -Comprehensive Topics 35. Beth, who is single, redeems her Series EE . bonds. She receives $12,000, consisting of $8,000 principal and $4,000 interest. Beth's qualified educational expenses total $16,500. Further, Beth's adjusted gross income for the year is $40,000. Determine what, if any, interest income Beth must include in her gross income.
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