Havanna inherited $20,000 of City of Boston bonds in February. In March, she received interest...
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Havanna inherited $20,000 of City of Boston bonds in February. In March, she received interest of $600, and in April she sold the bonds at a $450 gain. Havanna redeemed Series EE U.S. savings bonds that she had purchased several years ago. The accumulated interest totaled $1,300. Havanna received $900 of interest on bonds issued by the City of Moncton, Canada. (The proceeds of the bonds were not used to pay college expenses.) Requirement What amount, if any, of gross income must Havanna report? (If an input field is not used, leave the input field(s) empty; do not select a label or enter a zero.) Income 450 Source of income Capital Gain from sale of City of Boston Bonds Interest on City of Boston Bonds Interest on City of Moncton Bonds Interest on Series EE Bonds Total gross income
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