Question
On December 31, 20X1, George Gaines' bank credited his savings account with interest earned from October 1, 20X1 through December 31, 20X1. The bank posted
On December 31, 20X1, George Gaines' bank credited his savings account with interest earned from October 1, 20X1 through December 31, 20X1. The bank posted this interest to his passbook on January 15, 20X2, when he made a withdrawal. George, a calendar year cash method taxpayer, must report this interest on his 20X1 income tax return.
| True | |
| False |
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Information System Audit How To Control The Digital Disruption
Authors: Philippe Peret
1st Edition
1032136162, 978-1032136165
