Jacob,who is single,paid educational expenses of $16,000 in 2017.He redeemed Series EE bonds and received principal of $8,000 and interest of $3,000.Jacob has other adjusted gross income of $82,150.The $3,000 exclusion must be reduced by
A) $0.
B) $1,400.
C) $1,600.
D) $3,000.
Correct Answer:
Verified
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