Tax Return Problem 1-

Jason Ready attended the university of San Diego during 2014-2018 under the Army ROTC program.

Please fill out the Tax Form 1040 and 3903.

Army R Tax Return Jason Ready attended the University of San Diego during 2014-2018 under the Problem 1 program. the Excluding the school expenses covered by his ROTC scholarship, he incurred $7,000 additional school expenses of $10,000 in total for his education, and $1,500 of that amount was incurred in 2018 for his last semester. To finance these expenses, he borrowed through a federal student loan program and borrowed another $3,000 from SoCal Crei Union for educational purposes. After graduation, he received his officer's commission and was ordered to report to the Military Entrance Processing Station in Portland OR for duty He lives off base at 4560 Ranch Drive, Portland, OR 97035. His social security number is 412-34-5670 (date of birth 7/10/1996). Jason had qualifying health care coverage at all times during the tax year. His W-2 contained the following information: Wages (box 1) $67,533.05 Federal W/H (box 2) $ 8,104.95 Social security wages (box 3) $67,533.05 Social security W/H (box 4) $ 4.187.05 Medicare wages (box 5) = $67.5 Medicare W/H (box 6)$ 979.23 In moving to Portland, he incurred the following unremibursed moving expenses: $495 in gasoline $295 for renting a truck from IGOTYA rentals. $125 in food. $465 for motel lodging on the way to Portland. He also received two Forms 1098-E. One was from the federal student loan program, which showed $450 of student loan interest:; the other was from SoCal Credit Union and showed $150.75 of student loan interest. Prepare a Form 1040, and a Form 3903. If manually preparing the return, the Student Loan Interest Deduction worksheet can be found in IRS Publication 970, Tax Benefits for RS Use only-Donot write or staple h this space Department of the Treasry ntenal Rovanus Scs U.S. Individual Income Tax Return OMB No. 1545.0074| ! Your social security number 412 134 563-0 Last name Your first name and inital eo. ason Spouse's social security number Last nama If joint roturn, spouse's first name and intial Full-year hoalth care coverage or exempt (see Inst.) Spouse standard deduction:S someane can clalm your tspouse as a dependentSpouse was born betore January 2, 1954 Spouse is blind Spouse termizos on a soparate roturm or you were dual-stahue alien Apt. no. Presidential Election Campaign et. I, you have a P-O. box, see instructions. see inat)You Spouse Home address (number and stre City, town or post office, state, and ZP code. If you have a foreign address, attach Schedule B Dependents (see instructions): 4S 60 Ranch Drive If more than four dependents see inst. and here pordand OR 7035 (4) /1 Oalfes for (see rist): (2) Social seourity number (3) Relationship to you Child tax credt Credit for ather dependents (1) First name Last name and beilet, they re rue, Under penalties ot parjuy, I declare hat I have axamined this return and accompanying schedules and statements, and to the best of my knowledge oorreet, and somplete, Decleration of preparer lother than taxpayen lo based on al intormation of which preparer has any kowledn Here t the IRS sent you an Identity Protection PIN, enter it Your occupation Your signature Spouse's signature. It a joint retum, both must sign. Date Preparer's name Date Joint return? See Instructions Kesp a copy for your records. t the IRS sent you an Identity Protection PN, enterit Spouse's occupation PTIN Frm's EIN Check if Preparer's signature Paid 3rd Party Designee reparer Use Only Fim's name Phone no Firm's address Form 1040 (2018 For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 113208 Page 2 Form 1040 (2018) 1 62 533 1 2a Wages, salarles, tips, etc. Attach Form(s) W-2 Tax-exempt Interest Arach Fo W-2. Aso atach 3a Qualfied divdends. Form/s) W-2G and 1099-R if tax was 4 lRs, pensions, and annuities withheld. 2a 4a 5a b Taxable Interest b Ordinary dividends b Taxable amount 2b 3b 4b 5b b Taxable amount . 5a Soclal security benefits 6 Total hcome. Add linos 1 through 5.Add any amount from Schedule 1, Ine 22 7 Adjusted gross income. If you have no adjustments to income, enter the amount from lne 6; otherwise subtract Schedule 1, line 36, from line 6 Standard Deduction for- 8 12.000 8 Standard deduction or itemized deductions (from Schedule A) ling saparately. 9 Qualifed business Income deduction (see Inatructions) $12,000 . Single or married 10 Taxable income, Subtract lines 8 and 9 from line 7. If zero or less, enter0 10 wirov er Ouan,ing|11 Forms) 8814 2Rm4972 3D Married tng 1 aTax (see rst.) b Add any amount from Schedule 2 and check here (check if any tome widowlern $24,000 for other dependents b Add asy amount rom Schadle 3 and cheok here12 12 a Child tax credNoredit 13 Subtract line 12 from line 11. It zero or less, enter-0 e Head of household $18,000 it you checked 14 any bax under Other taxes, Attach Schedule 4 15 15 Total tax. Add lines 13 and 14 B10 16 se instoctions. 16 Federal income tax withels from Forms W-2 and 1099 deduction 17Refundable credits: a EiC (ose inat b Sch. 8812 c Form 8863 17 18 19 20a Add any amount from Schedule 5 Add lines 16 and 17 These are your total payments Itline 18 is more than line 15, subtract ine 15 from line 18. This is the amount you overpaid 19 Amount of line 19 you want refunded to you. It Form 8888 is attached, check here 20a 346 Oirect dnpoainb Routing numberLLTyoe knSavings See instructions. d Aocount number 21 22 23 Amount of line 19 you want applied to your 2019 estimated tax Amount you owe. Subtract line 18 from line 15. For detalls on how to pay, see instructions Amaunt You Owe Estimated tax penaty (see Instructions) 23 Form 1040 (2018) Go to www.irs.gov Form 1040 for instructions and the latest infomation. Army R Tax Return Jason Ready attended the University of San Diego during 2014-2018 under the Problem 1 program. the Excluding the school expenses covered by his ROTC scholarship, he incurred $7,000 additional school expenses of $10,000 in total for his education, and $1,500 of that amount was incurred in 2018 for his last semester. To finance these expenses, he borrowed through a federal student loan program and borrowed another $3,000 from SoCal Crei Union for educational purposes. After graduation, he received his officer's commission and was ordered to report to the Military Entrance Processing Station in Portland OR for duty He lives off base at 4560 Ranch Drive, Portland, OR 97035. His social security number is 412-34-5670 (date of birth 7/10/1996). Jason had qualifying health care coverage at all times during the tax year. His W-2 contained the following information: Wages (box 1) $67,533.05 Federal W/H (box 2) $ 8,104.95 Social security wages (box 3) $67,533.05 Social security W/H (box 4) $ 4.187.05 Medicare wages (box 5) = $67.5 Medicare W/H (box 6)$ 979.23 In moving to Portland, he incurred the following unremibursed moving expenses: $495 in gasoline $295 for renting a truck from IGOTYA rentals. $125 in food. $465 for motel lodging on the way to Portland. He also received two Forms 1098-E. One was from the federal student loan program, which showed $450 of student loan interest:; the other was from SoCal Credit Union and showed $150.75 of student loan interest. Prepare a Form 1040, and a Form 3903. If manually preparing the return, the Student Loan Interest Deduction worksheet can be found in IRS Publication 970, Tax Benefits for RS Use only-Donot write or staple h this space Department of the Treasry ntenal Rovanus Scs U.S. Individual Income Tax Return OMB No. 1545.0074| ! Your social security number 412 134 563-0 Last name Your first name and inital eo. ason Spouse's social security number Last nama If joint roturn, spouse's first name and intial Full-year hoalth care coverage or exempt (see Inst.) Spouse standard deduction:S someane can clalm your tspouse as a dependentSpouse was born betore January 2, 1954 Spouse is blind Spouse termizos on a soparate roturm or you were dual-stahue alien Apt. no. Presidential Election Campaign et. I, you have a P-O. box, see instructions. see inat)You Spouse Home address (number and stre City, town or post office, state, and ZP code. If you have a foreign address, attach Schedule B Dependents (see instructions): 4S 60 Ranch Drive If more than four dependents see inst. and here pordand OR 7035 (4) /1 Oalfes for (see rist): (2) Social seourity number (3) Relationship to you Child tax credt Credit for ather dependents (1) First name Last name and beilet, they re rue, Under penalties ot parjuy, I declare hat I have axamined this return and accompanying schedules and statements, and to the best of my knowledge oorreet, and somplete, Decleration of preparer lother than taxpayen lo based on al intormation of which preparer has any kowledn Here t the IRS sent you an Identity Protection PIN, enter it Your occupation Your signature Spouse's signature. It a joint retum, both must sign. Date Preparer's name Date Joint return? See Instructions Kesp a copy for your records. t the IRS sent you an Identity Protection PN, enterit Spouse's occupation PTIN Frm's EIN Check if Preparer's signature Paid 3rd Party Designee reparer Use Only Fim's name Phone no Firm's address Form 1040 (2018 For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 113208 Page 2 Form 1040 (2018) 1 62 533 1 2a Wages, salarles, tips, etc. Attach Form(s) W-2 Tax-exempt Interest Arach Fo W-2. Aso atach 3a Qualfied divdends. Form/s) W-2G and 1099-R if tax was 4 lRs, pensions, and annuities withheld. 2a 4a 5a b Taxable Interest b Ordinary dividends b Taxable amount 2b 3b 4b 5b b Taxable amount . 5a Soclal security benefits 6 Total hcome. Add linos 1 through 5.Add any amount from Schedule 1, Ine 22 7 Adjusted gross income. If you have no adjustments to income, enter the amount from lne 6; otherwise subtract Schedule 1, line 36, from line 6 Standard Deduction for- 8 12.000 8 Standard deduction or itemized deductions (from Schedule A) ling saparately. 9 Qualifed business Income deduction (see Inatructions) $12,000 . Single or married 10 Taxable income, Subtract lines 8 and 9 from line 7. If zero or less, enter0 10 wirov er Ouan,ing|11 Forms) 8814 2Rm4972 3D Married tng 1 aTax (see rst.) b Add any amount from Schedule 2 and check here (check if any tome widowlern $24,000 for other dependents b Add asy amount rom Schadle 3 and cheok here12 12 a Child tax credNoredit 13 Subtract line 12 from line 11. It zero or less, enter-0 e Head of household $18,000 it you checked 14 any bax under Other taxes, Attach Schedule 4 15 15 Total tax. Add lines 13 and 14 B10 16 se instoctions. 16 Federal income tax withels from Forms W-2 and 1099 deduction 17Refundable credits: a EiC (ose inat b Sch. 8812 c Form 8863 17 18 19 20a Add any amount from Schedule 5 Add lines 16 and 17 These are your total payments Itline 18 is more than line 15, subtract ine 15 from line 18. This is the amount you overpaid 19 Amount of line 19 you want refunded to you. It Form 8888 is attached, check here 20a 346 Oirect dnpoainb Routing numberLLTyoe knSavings See instructions. d Aocount number 21 22 23 Amount of line 19 you want applied to your 2019 estimated tax Amount you owe. Subtract line 18 from line 15. For detalls on how to pay, see instructions Amaunt You Owe Estimated tax penaty (see Instructions) 23 Form 1040 (2018) Go to www.irs.gov Form 1040 for instructions and the latest infomation