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Walt received the following in 2018: $45,000 salary $5,000 gain on the sale of a state...

Walt received the following in 2018:

$45,000 salary

$5,000 gain on the sale of a state bond sold in 2018

$500 interest on savings account

$1,000 interest on federal government bond

$2,000 interest on state government bond

What amount of gross income must Walt include on his 2018 federal income tax return?

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Answer #1

coalt Received rollocwing in 2018 Salauy ainon sale of state bond $ 15000 5 5000 5 500 1000 SSI50O Intesest on Saving ac(ount mtaur on fedeal Gov. CHOOSS Income feaera ncone taxes eral gov bond intcacal is taxed at fedes Leves theratoe included in Guoss ncome

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