In 2018, Uriah received the following interest payments:
a) Interest of $300 on an overpayment of 2017 Federal income taxes
b) Interest of $400 from his bank certificate of deposit.
c) Interest of $1,000 on municipal bonds
d) Interest of $1,500 on US savings bonds (Series HH)
What amount, if any, should Uriah report as taxable interest income on his 2018 individual income tax return?
a. $0
b. $700
c. $2,200
d. $3,200
e. None of the above
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Home » Business » In 2018, Uriah received the following interest payments: a) Interest of $300 on an overpayment of 2017 Federal income taxes b) Interest of $400 from his bank certificate of deposit.