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What are the income tax consequences

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Question - On January 1, 2021, Latkin Inc. issues bonds with a maturity amount of $1,250,000 and a maturity date of December 31, 2026. The bonds pay interest on December 31 of each year at an annual coupon rate of 2%. The maturity amount is paid on December 31, 2026. What are the income tax consequences related to this bond issue for Latkin Inc. in each of the years 2021 through 2026?

Reference no: EM133159287

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