Mr. X invests in Series EE savings bonds. He projects that his sole proprietorship will generate a sizeable loss, and he wants to accelerate income from other sources to offset it. He could elect to recognize $28,000 accrued interest on the savings bonds he now owns. However, he doesn’t want to recognize current income on the bonds he will purchase in future years.

Identify the tax issue or issues suggested by the above situations, and state each issue in the form of a question.