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8 7. Taxpayer, an individual with an accounting degree from VCU, has a personal interest in American history. Taxpayer is awarded a scholarship from a
8 7. Taxpayer, an individual with an accounting degree from VCU, has a personal interest in American history. Taxpayer is awarded a scholarship from a Richmond historical society, which entitles her to attend VCU for one semester to study U.S history and covers all tuition, books, required fees, and room and board. Taxpayer's employer grants her time off from work and Taxpayer temporarily relocates from her residence in Boston to Richmond for the spring semester of the current year. Taxpayer enrolls for fifteen credits at VCU, attends classes for five months, January- May, and returns to her job in Boston in mid-June. What scholarship amounts may Taxpayer exclude on Her Form 1040 for the current year? A. Tuition, books, required fees, and room and board B. Tuition, books, required fees, and room and board C. Tuition, books, and required fees only D. Tuition, books, required fees, and room only E. None of the above answers Tarnover has just
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