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Carla reedemed EE bonds which qualify for the educational exclusion. The reedemption consisted of $14,000...

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Accounting

Carla reedemed EE bonds which qualify for the educational exclusion. The reedemption consisted of $14,000 principal and $6,000 interest. The net qualifying educational expenses are $10,000. Her AGI is below the threshold for phase-out of the exclusion. What is taxable interest?

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