Business, 14.06.2021 15:50 kamber3728
Charles and Marcia are married, cash-basis taxpayers. In Year 2, they had interest income as follows: $500 interest on federal income tax refund $600 interest on state income tax refund $800 interest on federal government obligations $1,000 interest on state government obligations What amount of interest income is taxable on Charles and Marcia's Year 2 joint income tax return?
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Charles and Marcia are married, cash-basis taxpayers. In Year 2, they had interest income as follows...
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