Holly inherited 10000 of city of atlanta bonds in february


Holly inherited $10,000 of City of Atlanta bonds in February. In March, she received interest of $500, and in April she sold the bonds at a $200 gain. Holly redeemed Series EE U.S. savings bonds that she had purchased several years ago. The accumulated interest totaled $800. Holly received $300 of interest on bonds issued by the City of Quebec, Canada.                                                                   

What amount, if any, of gross income must Holly report?

Interest on City of Atlanta Bonds

Capital Gain from the sale of City Atlanta Bonds

Interest on Series EE Bonds

Interest on City of Quebec Bonds

Total

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Financial Accounting: Holly inherited 10000 of city of atlanta bonds in february
Reference No:- TGS01695624

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