points) Your client is fairly conservative and purchased U.S. Government Series I bonds at a discount for $40,000 when the par value is $50,000. After doing some research, you recall that they can elect to defer taxation of the amortization of the discount as interest until when the bonds mature instead of including it in income each year. In 1-2 sentences, what major factor would determine whether they elect to defer or not?

Answer rating: 100% (QA)

The key factor for your client in c... View the full answer