Dr. Yes gave his wife $10,000 cash in June 2020, to allow her to invest...
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Accounting
Dr. Yes gave his wife $10,000 cash in June 2020, to allow her to invest in the market. Mrs. Yes decided to be careful and invested the $10,000 in Series 1HMS007 Bonds. Interest paid to the end of the year amounted to $500. Who will be bear the responsibility for reporting this interest on their tax return? Please justify your response.
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