Question
During 2019, Elsner, a married taxpayer with adjusted gross income of $50,000, redeemed Series EE U.S. Savings Bonds receiving $9,000 of principal and $1,000 of
During 2019, Elsner, a married taxpayer with adjusted gross income of $50,000, redeemed Series EE U.S. Savings Bonds receiving $9,000 of principal and $1,000 of accrued interest. Assuming Elsner's qualified higher education expenses total $9,000, what amount of interest can be excluded from Elsner's gross income?
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Financial Accounting For Management
Authors: Paresh Shah
2nd Edition
0198077033, 978-0198077039
