Question: Question Content AreaOn January 2 , 2 0 2 4 , Tim purchased a bond paying interest at 6 % for $ 3 0 ,

Question Content AreaOn January 2,2024, Tim purchased a bond paying interest at 6% for $30,000. On March 31,2024, he gave the bond to Jane. The bond pays $1,800 interest on December 31. Tim and Jane are cash basis taxpayers. When Jane collects the interest in December 2024:

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