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How much interest income will he report this year

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Question - At the beginning of his current tax year, David invests $12,190 in original issue U.S. Treasury bonds with a $10,000 face value that mature in exactly 15 years. David receives $680 in interest ($340 every six months) from the Treasury bonds during the current year, and the yield to maturity on the bonds is 4.8 percent. (Round your intermediate calculations to the nearest whole dollar amount.) How much interest income will he report this year if he elects to amortize the bond premium?

Reference no: EM132567056

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