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Joseph received $ 4 , 8 5 0 of municipal bond interest from the Eugene Oregon School District. How is this item treated on Joseph's
Joseph received $ of municipal bond interest from the Eugene Oregon School District. How is this item treated on Joseph's Oregon return? It is added to federal AGI. No addition or subtraction is necessary. This item is included in income at both the federal and Oregon levels. No addition or subtraction is necessary. This item will be excluded from income at both the federal and Oregon levels. It is subtracted from federal AGI.
Joseph received $ of municipal bond interest from the Eugene Oregon School District. How is this item treated on Joseph's Oregon return?
It is added to federal AGI.
No addition or subtraction is necessary. This item is included in income at both the federal and Oregon levels.
No addition or subtraction is necessary. This item will be excluded from income at both the federal and Oregon levels.
It is subtracted from federal AGI.
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Financial And Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
14th Edition
1337119202, 978-1337119207
