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I need help filling in the blanks. Thanks! tolly inherited $10,000 of City of Atlanta bonds in February. In March, she received interest of $500,
I need help filling in the blanks. Thanks!
tolly inherited $10,000 of City of Atlanta bonds in February. In March, she received interest of $500, and in April she sold the bonds at a $200 gain. Holly redeemed Series EE U.S. savings bonds hat she had purchased several years ago. The accumulated interest totaled $800. Holly received $300 of interest on bonds issued by the City of Quebec, Canada. (The proceeds of the bonds were iot used to pay college expenses.) Requirement What amount, if any, of gross income must Holly report? (If an input field is not used, leave the input field(s) empty; do not select a label or enter a zero.) Holly inherited $10,000 of City of Atlanta bonds in February. In March, she received interest of $500, and in April she sold the bonds at a $200 gain. Holly redeemed Series EE U.S. savings bonds that she had purchased several years ago. The accumulated interest totaled $800. Holly received $300 of interest on bonds issued by the City of Quebec, Canada. (The proceeds of the bonds were not used to pay college expenses.) Requirement What amount, if any, of gross income must Holly report? (If an input field is not used, leave the input field(s) empty; do not select a label or enter a zero.)Step by Step Solution
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