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Question 6 10 pts (10 points) Harold and Jeanette made the following interest-free loans to their children during 2020: $10,000 to Alex for a down

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Question 6 10 pts (10 points) Harold and Jeanette made the following interest-free loans to their children during 2020: $10,000 to Alex for a down payment on a house. Alex's net investment income for the year is $1,500. $60,000 to Lori to buy stock. Lori's net investment income for the year is $850. $45,000 to Chuck to buy a new boat. Chuck's net investment income for the year is $2,100. $35,000 to Ann to buy a car. Ann's net investment income is $3,500. The applicable federal interest rate on similar loans is 6 percent. Compute the amount of imputed interest income that Harold and Jeanette must report due to these transactions which all occurred during 2020. Upload Choose a File

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