Chapter 2 — Gross Income and Exclusions

Taxpayers must report interest income on Series EE savings bonds as the interest accrues. ... Interest of $1,500 on United States savings bonds (Series HH) ... - an iPad from The Oprah Show with a fair market value of $500- lottery winnings of $1,000 received in cash- a plaque worth $25 plus $100 of Godiva chocolate in recognition for 100 days ... ................
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