Question

Hello, Please, help to solve manually.Thank you very much in advance

Jason Ready attended Kansas State University during 2014-2018. He incurred educational expenses of $10,000 in total of his education and $1500 of that amount was incurred in 2018 for his last semester. To finance these expenses, he borrowed $7,000 through a federal student loan program and borrowed another $3,000 from a Kansas State Credit 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 at 4560 Apple Blossom Lane. Jason had qualifying health care coverage at all times during the year.

 

His Form W-2 contained information in the following boxes:

Box 1 = $67533.05

Box 2 = $ 8104.95

Box 3 = $67533.05

Box 4 = $ 4187.05

Box 5 = $67533.05

Box 6 = $    979.23


In moving to Houston, he incurred the following moving expenses:

$495 in gasoline

           $295 for renting a truck from IGOTYA rentals

           $125 in food

           $465 for motel lodging on the way to Houston

           

He also received two Form 1098-E's. One was from the Federal Student Loan Program which showed $450 in box 1 and the other was from the Kansas State Credit Union and showed $150.75 in box 1. 


Prepare a Form 1040, and a Form 3903 using the appropriate worksheets.

Subject: Accounting, Business
Thank you very much in advance Jason Ready attended Kansas State University during 2014-2018.He incurred educational expenses of $10,000 in total of...
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