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Marcus is a 50 year old that is filing his 2022 tax return and has 1 dependent, Brandon. Marcus has an AGI of 150,000. Brandon
Marcus is a 50 year old that is filing his 2022 tax return and has 1 dependent, Brandon. Marcus has an AGI of 150,000. Brandon is a 22 year old that goes to the University of Florida. Brandon filled out a 1098-T in box 1 of ( Payments received for qualified tuution and related expenses) he has 6,000. A. Does Marcus can report and fillout the Form 8863 to deduct the 6,000 due to the AGI limitations ? B. Marcus cannot claim this credit due to the AGI limitations?
A. Does Marcus can report and fillout the Form 8863 to deduct the 6,000 due to the AGI limitations ?
B. Marcus cannot claim this credit due to the AGI limitations?
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
