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Business, 30.03.2020 18:52 elijahjacksonrp6z2o7

Abner owned bonds that paid $750 of interest on the first day of January each year. Exactly one-third of the way through the current year, Abner gave the bonds to his brother, Brody. When Brody receives the $750 of interest on the first day of January next year, what amount of the $750, if any, will be included in Brody’s gross income next year?

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Abner owned bonds that paid $750 of interest on the first day of January each year. Exactly one-thir...
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