11. Siena's forgiven student loan is excluded from income and does not need to be included on the return.

True

False

- Kendall's record keeping application shows he also drove 4,833 miles between deliveries (2,393 miles from 1/1/2022-6/30/2022 and 2,440 miles from 7/1/2022-12/31/2022) and 4,062 miles (2,051 miles from 1/1/2022-6/30/2022 and 2,011 miles from 7/1/2022-12/31/2022) driven between his home and his first and last delivery point of the day. Kendall has a separate car for personal use. He bought and started using his second car for business on September 1, 2020. - Kendall also kept receipts for the following out-of-pocket expenses: $100 on tolls $120 for car washes $48 for parking tickets $75 for Personal Protective Equipment (PPE) used during deliveries $150 for snacks and lunches Kendall consumed while working - Kendall provided the Form 1099-NEC and Form 1099-K that he received from Delicious Deliveries. - Kendall also received $500 in cash tips that were not reported elsewhere. - Kendall was sick with Covid-19 and was unable to work for 14 days in May 2022. - Kendall purchased virtual currency through an electronic transfer of cash from his checking account. He had no other virtual currency transactions. - The U. S. federal student loan that Siena owed for postsecondary educational expenses was forgiven in 2022. The amount of student loan canceled was $15,000. Siena did not receive any tax form reporting this amount. - Kendall and Siena are U.S. citizens, have valid Social Security numbers, and lived in the United States all year. They have not taken distributions from any retirement plans