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For each situation listed indicate the amount to be included in income for the current year. The federal interest rate of 5.5% is in effect.

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For each situation listed indicate the amount to be included in income for the current year. The federal interest rate of 5.5% is in effect. Larry replaced the roof on his home in the current year. The cost of the roofing materials was $10,000 but he provided the labor himself, a $15,000 value

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