Business, 12.11.2019 07:31 daymakenna3

Theresa, a cash basis taxpayer, purchased a bond on july 1, 2013, for $10,000, plus $400 of accrued interest. the bond paid $800 of interest each december 31. on march 31, 2017, she sold the bond for $9,800, which included $200 of accrued interest. a. theresa has $200 interest income and a $400 loss from the bond in 2017.b. theresa has $200 interest income and a $200 gain from the bond in 2017.c. theresa has a $100 loss from the sale of the bond and no interest income. d. theresa's loss on the sale of the bond is $600.e. none of these.

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Theresa, a cash basis taxpayer, purchased a bond on july 1, 2013, for $10,000, plus $400 of accrued...

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