Formulate a search query to determine whether your client is required to include in gross income the

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Formulate a search query to determine whether your client is required to include in gross income the proceeds from redemption of a tax-exempt bond, purchased in 1988 and called by the school district this year. Redemption proceeds were $90,000, and the 1988 purchase price on the secondary market was $76,000. Give an example of a computer search query using only the following RIA Checkpoint connectors: “and,” “or,” “/n,” and “not.”

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Federal Tax Research

ISBN: 9781111221645

9th Edition

Authors: William Raabe, Gerald Whittenburg, Debra Sanders, Roby Sawyers, Steven Gill

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