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Identify the tax issue or issues suggested by the following situations, and state each issue in the form of a question. Mr . Clem invests
Identify the tax issue or issues suggested by the following situations, and state each issue in the form of a question. Mr Clem invests in Series EE savings bonds. He projects that his sole proprietorship will generate a sizable loss, and he wants to accelerate income from other sources to offset it He could elect to recognize $ accrued interest on the savings bonds he now owns. However, he doesnt want to recognize current income on the bonds he will purchase in future years.
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