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content area top Part 1 KMI Company is 100% owned by Hannah. On January 1 of the current year, KMI makes a loan of $
content area top Part 1 KMI Company is 100% owned by Hannah. On January 1 of the current year, KMI makes a loan of $ 24 comma 970 to Hannah. The loan carries interest at the rate prescribed within the tax regulations. Hannah pays $ 9 comma 988 on the loan on June 30 of the current year, $ 9 comma 988 on September 30 of the following year, and pays the balance of $ 4 comma 994 on November 30 of the following year. For the current year, how much of the loan will Hannah recognize in her income
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