View the step-by-step solution to:

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.

Recently Asked Questions

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask Expert Tutors You can ask 0 bonus questions You can ask 0 questions (0 expire soon) You can ask 0 questions (will expire )
Answers in as fast as 15 minutes