Please file the right form or schedule

Ivan and Irene are married and file a joint return for 2016.

In March of 2008 Ivan loaned a friend (Bob Borrower) $10,000. This debt was evidenced by a written note and Bob was supposed to repay it in 2016. In 2016 Bob filed for bankruptcy and the debt is completely worthless.

In 2016They paid the following (all by check or can otherwise be substantiated):

Contributions to Perpetual Perpetuity Catholic Church

$400

Tuition to Perpetual Perpetuity Catholic School for Ira

$6,000

Clothes to Salvation Army (10 bags in good condition) 7/15/2016

$350

Contributions to George Kerrys Congressional Campaign

$250

Psychotherapy for Irene

$2,000

Doctor Bills

$12,000

Medical Insurance Premiums

$10,000

Eyeglasses for Ira

$375

Prescription Medication and Drugs

$1,800

Credit Card Interest

$1,345

Interest on Ivans dental school Loans-Form 1098E-Country Mortgage-Box 1 $2,500

(Ivan carried a half course load in 2016, and the loan was for tuition. The loan Interest was for tuition paid for the 2015 year).

Tuition paid in 2016-Assume that Ivan took these courses to maintain and improve his existing skills as a Dentist. This amount was reported on the Form 1098-T. (See attached Form 1098-T). This was the first time Ivan has used any education credits.

Ivan has not been convicted of any felony drug offense.

Determine the tax effects of the education expenses of $10,000

Choose the right form or schedule Ivan and Irene are married and file a joint return for 2016. In March of 2008 Ivan loaned a friend (Bob Borrower) $10,000. This debt was evidenced by a written note and Bob was supposed to repay it in 2016. In 2016 Bob filed for bankruptcy and the debt is completely worthless. In 2016They paid the following (all by check or can otherwise be substantiated): Contributions to Perpetual Perpetuity Catholic Church Tuition to Perpetual Perpetuity Catholic School for Ira Clothes to Salvation Army (10 bags in good condition) 7/15/2016 Contributions to George Kerry's Congressional Campaign Psychotherapy for Irene Doctor Bills Medical Insurance Premiums Eyeglasses for Ira Prescription Medication and Drugs Credit Card Interest $400 $6,000 $350 $250 $2,000 $12,000 $10,000 $375 $1,800 $1,345 Interest on Ivan's dental school Loans-Form 1098E-Country Mortgage-Box 1 $2,500 (Ivan carried a half course load in 2016, and the loan was for tuition. The loan Interest was for tuition paid for the 2015 year). Tuition paid in 2016-Assume that Ivan took these courses to maintain and improve his existing skills as a Dentist. This amount was reported on the Form 1098-T. (See attached Form 1098-T). This was the first time Ivan has used any education credits. Ivan has not been convicted of any felony drug offense. Determine the tax effects of the education expenses of $10,000 Payer's Name and Address University of Colorado PO Box 1001 Boulder, CO 99206 1. Payments Received for Qualifying Tuition $10,000 2. Amounts Billed for Qualified Tuition 2016 Form 1098-T 0 3.Check if you changed your reporting method in 2015 Filer's Federal ID Number 38-1111111 Student's Name Ivan Incisor Street Address 468 Mule Deer Lane City, State, Zip Boulder, CO 99206 Account Number 1230987123 Certain Government Payments Copy B for Recipient Student's Identification No. 477-34-4321 5. Scholarships or grants 4. Adjustments made for prior year 7. Check box if the amount in box 1 or 2 includes amounts for an academic period beginning in Jan-March 2016 8. Check If at least a half time student 9. Check if a graduate student 10. Insurance Contract/Reimbursement 6. Adjustments