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- The total qualified expenses for the American Opportunity Credit are $ _________. Gilbert is an elementary school teacher at a public school. Gilbert and

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- The total qualified expenses for the American Opportunity Credit are $ _________.

Gilbert is an elementary school teacher at a public school. Gilbert and Tara are married and choose to file Married Filing Jointly on their 2021 tax return. Gilbert worked a total of 1,280 hours in 2021. During the school year, he spent $500 on unreimbursed classroom expenses. Tara retired in 2018 and began receiving her pension on October 1st of that year. She explains that this is a joint and survivor annuity. She has already recovered $1,013 of the cost of the plan. Gilbert settled with his credit card company on an outstanding bill and brought the Form 1099-C to the site. They aren't sure how it will impact their tax return for tax year 2021. The Washingtons determined that they were solvent as of the date of the canceled debt. Tara won $3,000 gambling at a casino and had additional lottery winnings of $150. Tara has documented casino losses of $1,500. Their son, Chandler, is in his second year of college pursuing a bachelor's degree in Logistics at a qualified educational institution. He received a scholarship and the terms require that it be used to pay tuition. Box 2 was not filled in and Box 7 was not checked on his Form 1098-T for the previous tax year. The Washingtons provided Form 1098-T and an account statement from the college that included additional expenses. The Washingtons paid $450 for books required for Chandler's courses. This information is also included on the College statement of account. Chandler does not have a felony drug conviction. The Washington's received the third Economic Impact Payment (EIP3) in the amount of $4,200 in 2021. . They are all U.S. citizens with valid Social Security numbers. OMB No. 1545-1574 FILER'S name, street address, city or town, state or province, country, ZIP or 1 Payments received for foreign postal code, and telephone number qualified tuition and related expenses GORDON COLLEGE $ 10 COLLEGE AVENUE 2 YOUR CITY, YOUR STATE, ZIP 5,218.00 2021 Form 1098-T FILER'S employer identification no. 38-800XXXX STUDENT'S name STUDENT'S TIN 608-00-XXXX 4 Adjustments made for a prior year 5 Scholarships or grants CHANDLER WASHINGTON Street address (including apt. no.) 123 TAYLOR AVENUE City or town, state or province, country, and ZIP or foreign postal code YOUR CITY, YOUR STATE, ZIP Service Provider/Acct. No. (see instr.) 8 Checked if at least half-time student $ 6 Adjustments to scholarships or grants for a prior year $ 2,013.00 7 Checked if the amount in box 1 includes amounts for an academic period beginning January- March 2022 10 Ins. contract reimb./refund $ $ 9 Checked if a graduate student Amount Billed Amount Paid +$5,218.00 $2,013.00 Date Transaction 08/30/2021 Tuition - Fall Semester 2021 08/30/2021 Scholarship 09/03/2021 Parking pass Campus Bookstore charge to student 09/04/2021 account for course-related books 09/05/2021 Payment - check #4321 +$125.00 +$450.00 -$3,780.00 12/31/2021 Account Balance... $0.00

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