INTEREST (RESOURCES) (FSM)

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Interest which is automatically added to a cash account.

Treatment: Consider the interest as part of the resource to which it was added, e.g., quarterly interest payment of $3.00 is added to previous $500 savings account balance. The total value of the savings account is now $503.

For information on dividends, interest, and royalties which are paid directly to an individual, see Part 511 Interest .