Question: Taxpayer bought a $ 5 0 , 0 0 0 2 0 - year bond for $ 4 7 , 6 0 0 . What

Taxpayer bought a $50,00020-year bond for $47,600. What is
the original interest discount (OID) and does it qualify for the de
minimis exemption?
Select one:
a. $2,400; No
b. $2,400; Yes
c. $1,200; Yes
d. $3,000; No
Taxpayer bought a $ 5 0 , 0 0 0 2 0 - year bond

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