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10) In 2019, Mr. J paid $160,000 for a corporate zero coupon bond (it will eventually mature to 210,000). Based on the bond's yield to
10) In 2019, Mr. J paid $160,000 for a corporate zero coupon bond (it will eventually mature to 210,000). Based on the bond's yield to maturity, amortization of the $50,000 discount was $3,000 in 2019 and $3,100 in 2020. Mr. J sold the bond for $161,000 on December 31, 2020. What are his income/deduction items in 2020? = A. Ordinary Income = 3,100 / Capital Gain = 1,000 B. Ordinary Income = 0 / Capital Gain = 1,000 C. Ordinary Income = 6,100 D. Ordinary Income = 3,100 / Capital Loss = 3,000 E. Ordinary Income = 0 / Capital Loss = 5,100 =
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