Debra owned City of Long Beach bonds that were issued several years ago to pay for basic government services.She received $3,800 of interest income from the bonds in the current year.Due to a change in the market interest rate, she was able to sell the bonds at a $2,100 gain.How much gross income should Debra report from these transactions?
A)$5,900
B)$3,800
C)$2,100
D)0

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The Answer of Debra owned City of Long Beach bonds that were issued several years ago to pay for basic government services.She received $3,800 of interest income from the bonds in the current year.Due to a change in the market interest rate, she was able to sell the bonds at a $2,100 gain.How much gross income should Debra report from these transactions?
A)$5,900
B)$3,800
C)$2,100
D)0

Debra Owned City of Long Beach Bonds That Were Issued