Which of the following choices determine the amount and the timing for recognizing interest income?

Multiple select question.

If bonds are purchased at a discount in the secondary market, the discount is recognized as interest income at maturity.

If bonds were issued at a premium, special original issue discount rules apply.

If bonds were issued at a premium, taxpayers may amortize the premium over the life of the bond resulting in a decrease in interest income.

If bonds are purchased at a premium in the secondary market, the premium cannot be amortized, but is added to the basis of the bonds.

The actual interest payments received are included in gross income.