On January 1, 2012, Peter Piper invested in two series HH bonds. Bond No. 1 was issued in the name of Peter and his son as co-owners. Bond No. 2 was issued in the name of Peter's son, although Peter was named as the sole beneﬁciary. In 2012, Bonds No. 1 and No. 2 paid interest of $2,000 and $1,000, respectively. What is the amount of interest income to be reported by Peter and by his son for 2012?

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The Answer of On January 1, 2012, Peter Piper invested in two series HH bonds. Bond No. 1 was issued in the name of Peter and his son as co-owners. Bond No. 2 was issued in the name of Peter's son, although Peter was named as the sole beneﬁciary. In 2012, Bonds No. 1 and No. 2 paid interest of $2,000 and $1,000, respectively. What is the amount of interest income to be reported by Peter and by his son for 2012?

On January 1, 2012, Peter Piper Invested in Two Series