Walter received $375 of interest from a Colorado municipal bond. How should the municipal bond interest be reported on Walter's California return? Enter $375 on Form 540, line 14. Enter $375 on Schedule CA (540), Part I, Section A, line 2b, column B. Enter $375 on Schedule CA (540), Part I, Section A, line 2b, column C. He is not required to report the municipal bond interest.

Walter received $375 of interest from a Colorado municipal bond. How should the municipal bond interest be reported on Walter's California return? Enter $375 on Form 540, line 14. Enter $375 on Schedule CA (540), Part I, Section A, line 2b, column B. Enter $375 on Schedule CA (540), Part I, Section A, line 2b, column C. He is not required to report the municipal bond interest.

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter4: Gross Income: Concepts And Inclusions

Section: Chapter Questions

Problem 37P: Marlene, a cash basis taxpayer, invests in Series EE U.S. government savings bonds and bank...

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