Business, 08.10.2019 17:30 zacharyminnick123

Assuming a taxpayer qualifies for the exclusion treatment, the interest income on educational savings bonds: a. is gross income to the person who purchased the bond in the year the interest is earned. b. is gross income to the student in the year the interest is earned. c. is included in the student’s gross income in the year the savings bonds are sold or redeemed to pay educational expenses. d. is not included in anyone’s gross income if the proceeds are used to pay college tuition. e. none of these.

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Assuming a taxpayer qualifies for the exclusion treatment, the interest income on educational saving...

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