Income to U.S. taxpayers is taxed in the year it is derived in which of...
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Income to U.S. taxpayers is taxed in the year it is derived in which of the following situations? -1- Interest earned but reinvested in a savings account in an FDIC savings bank. -2- Unrealized long-term capital gains on stocks. -3- Income earned on most municipal bonds. -4- Short-term gains realized within a qualified retirement plan. -5- Increased value of personal residence.
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