Jarret owns city of charleston bonds with an adjusted basis of $190,000. during the year, he receives interest payments of $3,800. jarret partially financed the purchase of the bonds by borrowing $100,000 at 5% interest. jarret's interest payments on the loan this year are $4,900, and his principal payments are $1,100. a. how much reportable interest income does jarret have this year?

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