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?what amount should george report as gross income

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Question

George, an unmarried cash basis taxpayer, received the following amounts this year:

Interest on savings accounts$2,000

Interest on a state tax refund600

Interest on City of Salem school bonds350

Interest portion of proceeds of a 5% bank certificate of deposit purchased last year on July 1 and matured on June 30 of this year ?250

Dividends on USG common stock300

?What amount should George report as gross income from dividends and interest this year?

Reference no: EM132380406

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