U Taxable on her 2014 return, and her basis in the new shares purchased is the cash value of the Not taxable until the stock is sold. Not taxable on her 2019 return, but the new shares purchased increase her basis in the stock. Taxable on her 2019 return and increase her basis in the original shares. Mark for follow up Question 9 of 75. Which of the following statements is FALSE regarding municipal bonds? O Interest income from municipal bonds is taxable on the taxpayer's federal return. Interest from a municipal bond will be reported on Form 1099-INT, box 8. O Municipal bond interest may be taxable in the state in which the bond was issued. O Municipal bonds are generally issued by state and local governments to fund capital impro Mark for follow up Question 10 of 75. Jamie converted $500 into Bitcoin in November 2018. In October 2019, when the valu $1,500, Jamie decided to purchase a diamond ring using Bitcoin. He spent the entir Jamie report this on his tax return? No renartina is necessary when purchases are made using virtual currency. Mark for follow up Question 10 of 75. Jamie converted $500 into Bitcoin in November 2018. In October 2019, when the value of his holding had increased to $1,500, Jamie decided to purchase a diamond ring using Bitcoin. He spent the entire holding on the ring. How will Jamie report this on his tax return? O No reporting is necessary when purchases are made using virtual currency O He will report $1.500 as ordinary income. O No reporting is necessary until he sells the ring. At that time, he will report again or loss, depending on the sale price of ring