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Assume a taxpayer otherwise qualifying for the Series EE Savings Bond Exclusion has qualifying education expense of $3,000. She redeems bonds with a principal amount

  1. Assume a taxpayer otherwise qualifying for the Series EE Savings Bond Exclusion has qualifying education expense of $3,000. She redeems bonds with a principal amount of $3,600 which have interest of $400. How much interest can be excluded?

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