Question: JEFF CASHED IN A SERIES E BOND THAT HAD EARNED $840 IN INTEREST. HE HAD ELECTED TO REPORT THE INTEREST YEARLY AND WAS REQUIERED TO
JEFF CASHED IN A SERIES E BOND THAT HAD EARNED $840 IN INTEREST. HE HAD ELECTED TO REPORT THE INTEREST YEARLY AND WAS REQUIERED TO INCLUDE ONLY $85 ON HIS 2019 FEDERAL TAX RETURN. WHICH ADJUSTMENT WILL NEED TO BE MADE OF JEFF'S CALIFORNIA SCHEDULE CA (540)?
A. ENTER $840 ON PART I, LINE 2, COLUMN C
B. ENTER ($840) ON PART I, LINE 2 COLUMN B
C. ENTER ($85) ON PART I, LINE 2, COLUMN B
D. ENTER $85 ON PART I, LINE 2, COLUMC B
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