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Jing, who is single, paid educational expenses of $16,000 in 2020. He redeemed Series EE bonds and received principal of $8,000 and interest of $3,000.
Jing, who is single, paid educational expenses of $16,000 in 2020. He redeemed Series EE bonds and received principal of $8,000 and interest of $3,000. Jing has other adjusted gross income of $86,350. With respect to the $3,000 of bond interest, Jing must include in taxable income?.
A. $3,000
B. $1,600
C. $0
D. $1,400
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Finance For Non-Finance People
Authors: Sandeep Goel
2nd Edition
0367185083, 9780367185084
