Question
1a. Janie graduates from high school in 2016 and enrolls in college in the fall. Her parents (who file a joint return) pay $4,000 for
1a. Janie graduates from high school in 2016 and enrolls in college in the fall. Her parents (who file a joint return) pay $4,000 for her tuition and fees.
Assuming Janies parents have AGI of $170,000, what is the American Opportunity tax credit they can claim for Janie? ______________________________________
Assuming Janies parents have AGI of $75,000, what is the American Opportunity tax credit they can claim for Janie? __________________________________________________
1b. In 2016, Jeff spends $6,000 on solar panels to heat water for his main home. What is Jeffs credit for his 2016 purchases?
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The Handbook Of Traditional And Alternative Investment Vehicles Investment Characteristics And Strategies
Authors: Mark J. P. Anson, Frank J. Fabozzi, Frank J. Jones
1st Edition
0470609737, 978-0470609736
