Faye, a CPA, is preparing Judith's tax return. Last year, Judith's return included dividend income from the P&G Company. This year, Judith reports no such income. Faye should inquire as to whether Judith sold the P&G stock during the year.

Question

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Faye should inquire about the absence of dividend income to ensure the accuracy of the tax return, as the change could indicate a sale of the stock or another significant change in Judith's financial situation.

Faye, a CPA, Is Preparing Judith's Tax Return