Question: In the current year, Dylan earned interest from the following investments. Investment Interest Income $1,300 10-year municipal bond (issued in 2009) 10-year private activity bond

In the current year, Dylan earned interest from the following investments. Investment Interest Income $1,300 10-year municipal bond (issued in 2009) 10-year private activity bond (issued in 2010) 10-year Treasury bond (issued in 2014) 10-year private activity bond (issued in 2016) Savings account 1,600 2,000 900 1,100 Dylan purchased all of the bonds on their issuance date. In addition, Dylan borrowed funds with which to purchase the 2010 private activity bond and incurred interest expense of $350 on that loan in the current year. a. How much interest income will Dylan recognize for regular tax purposes in the current year? b. What is her current year AMT preference or adjustment for interest
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