On May 1, 2020, Mrs

Essay

On May 1, 2020, Mrs. Anna White purchases bonds with a maturity value of $40,000 at par. These bonds pay semi-annual interest of $2,000 on June 30 and December 31 of each year. She purchases the bonds for $41,326, including interest accrued to the purchase date. She holds the bonds for the remainder of the year, receiving both the June 30 and December 31 interest payments. What amount of interest will be included in Mrs. White's 2020 tax return?