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on June 1 2018, Skylar purchased a taxable bond with a face value of $10,000 The bond matures on June 1,21023 and has a stated
on June 1 2018, Skylar purchased a taxable bond with a face value of $10,000 The bond matures on June 1,21023 and has a stated interest rate of %5. Skylar paid $11,000 for the bond on the secondary market. She received one coupon payment of $500 on June 1,2019, this was her only interest income for the year. She chooses annual accrual periods ending on June 1 of each year, and the amount of her bond premium amortization for 2019 is $192. what amount does Skylar report for taxable interest on her form 1040?
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