In 2012, Uriah Stone received the following payments: Interest on refund of federal income tax for

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In 2012, Uriah Stone received the following payments:

• Interest on refund of federal income tax for 2011: $400

• Interest on award for personal injuries in 2009 automobile accident: $300

• Interest on municipal bonds: $1,500

• United States savings bonds interest (Series H): $1,000

What amount, if any, should Mr. Stone report as interest income on his 2012 tax return?

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Question Posted: Sep 19, 2013 03:00 AM

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In 2012, Uriah Stone received the following payments: Interest on refund of federal income tax for

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Income Tax Fundamentals 2013

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