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Form 8815. (Obj. 6) Michael J. Dugan (SSN 372-90-6729) and his wife, Rachel, received $15,000 ($12,000 principal and $3,000 interest) from the redemption of a

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Form 8815. (Obj. 6) Michael J. Dugan (SSN 372-90-6729) and his wife, Rachel, received $15,000 ($12,000 principal and $3,000 interest) from the redemption of a Series EE U.S Savings Bond. They used the proceeds to pay university tuition and fees totaling $8,250 for their two dependent children, Colleen R. Dugan and Patrick T. Dugan. Colleen is 21 years of age; Patrick is 20. With the exception of temporary absences from home to attend the University of Michigan in Ann Arbor, MI 48104 full-time, they live with their parents During the year, Colleen and Patrick each received a tax-exempt university scholarship of $2,250. Michael's salary is $126,050. The salary and interest from the bonds are the Dugans only sources of income. Prepare Form 8815 to be attached to the Dugans' 2016 joint tax return. Form 8815. (Obj. 6) Michael J. Dugan (SSN 372-90-6729) and his wife, Rachel, received $15,000 ($12,000 principal and $3,000 interest) from the redemption of a Series EE U.S Savings Bond. They used the proceeds to pay university tuition and fees totaling $8,250 for their two dependent children, Colleen R. Dugan and Patrick T. Dugan. Colleen is 21 years of age; Patrick is 20. With the exception of temporary absences from home to attend the University of Michigan in Ann Arbor, MI 48104 full-time, they live with their parents During the year, Colleen and Patrick each received a tax-exempt university scholarship of $2,250. Michael's salary is $126,050. The salary and interest from the bonds are the Dugans only sources of income. Prepare Form 8815 to be attached to the Dugans' 2016 joint tax return

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