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Jason Ready attended the University of Ohio from 2 0 1 9 to 2 0 2 3 under the Air Force ROTC program. Excluding the
Jason Ready attended the University of Ohio from to under the Air Force ROTC program. Excluding the school expenses covered by his ROTC scholarship, he incurred additional school expenses of $ in total for his education, and $ of that amount was incurred in for his last semester. To finance these expenses, he borrowed $ through a federal student loan program and borrowed another $ from Buckeye State Credit Union for educational purposes. After graduation, he received his officers commission and was ordered to report to the Joint Base San AntonioLackland, in Texas for duty. He lives off base at Birch Field Dr San Antonio, TX His social security number is date of birth
His W contained the following information:
Wages box $
Federal WH box $
Social Security wages box $
Social Security WH box $
Medicare wages box $
Medicare WH box $
In moving to San Antonio, he incurred the following unreimbursed moving expenses:
$ in gasoline.
$ for renting a truck from IGOTYA rentals.
$ in food.
$ for motel lodging on the way to San Antonio.
He also received two Forms E One was from the federal student loan program, which showed $ of student loan interest; the other was from Buckeye State Credit Union and showed $ of student loan interest.
Required:
Prepare a Form Schedule and a Form If manually preparing the return, the Student Loan Interest Deduction worksheet can be found in IRS Publication Tax Benefits for Education. Use the appropriate Tax Tables.
Note: Do not round intermediate computations. Round your final answers to the nearest whole dollar amount. Input all the values as positive numbers. Instructions can be found on certain cells within the forms.
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Step: 1
To prepare the necessary tax forms for Jason Ready based on the provided information we need to complete the IRS Form 1040 Schedule 1 and use the Student Loan Interest Deduction worksheet Form 1040 Fi...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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