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    Basic Scenario 9: Evan James Swift (2016)

    Uploaded by

    Center for Economic Progress
    Evan James Swift is filing his individual tax return for 2015. His son Noah attended college and lived on campus but resided with Evan during breaks. Evan paid over $5,000 for Noah's qualified education expenses. Evan wants to know if he can itemize his deductions, which include medical expenses, donations, property taxes, and more totaling over $5,000. Evan was covered by health insurance through his employer and is repaying a student loan.

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    Basic Scenario 9: Evan James Swift (2016)

    Uploaded by

    Center for Economic Progress
    5K views8 pages
    Evan James Swift is filing his individual tax return for 2015. His son Noah attended college and lived on campus but resided with Evan during breaks. Evan paid over $5,000 for Noah's qualified education expenses. Evan wants to know if he can itemize his deductions, which include medical expenses, donations, property taxes, and more totaling over $5,000. Evan was covered by health insurance through his employer and is repaying a student loan.

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    Basic Scenario 9: Evan James Swift (2016)

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    Evan James Swift is filing his individual tax return for 2015. His son Noah attended college and lived on campus but resided with Evan during breaks. Evan paid over $5,000 for Noah's qualified education expenses. Evan wants to know if he can itemize his deductions, which include medical expenses, donations, property taxes, and more totaling over $5,000. Evan was covered by health insurance through his employer and is repaying a student loan.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    5K views8 pages

    Basic Scenario 9: Evan James Swift (2016)

    Uploaded by

    Center for Economic Progress
    Evan James Swift is filing his individual tax return for 2015. His son Noah attended college and lived on campus but resided with Evan during breaks. Evan paid over $5,000 for Noah's qualified education expenses. Evan wants to know if he can itemize his deductions, which include medical expenses, donations, property taxes, and more totaling over $5,000. Evan was covered by health insurance through his employer and is repaying a student loan.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Basic Scenario 9: Evan James Swift

    Directions
    Using the tax software, complete the tax return, including Form 1040 and all appropriate forms, schedules, or worksheets. Answer the questions following the scenario.
    Note: When using the Link and Learn Taxes Practice Lab, complete the Social Security
    numbers and employer identification numbers by replacing the Xs with your User ID. In
    classroom situations, replace the Xs with the numbers provided by your instructor.

    Interview Notes
    Evans wife moved out in 2014. Evan will not file a joint return with his wife.
    Evan paid all the costs of keeping up the home. His son, Noah, did not work and
    provided less than 50% of his own support.
    Evan has never taken a distribution from a retirement account and is not a student.
    In 2015, Noah was a first year student at Brown College, an eligible educational
    institution. He is pursuing a degree in Computer Science. Noah used his savings
    and the proceeds of a student loan to purchase course-related books for $1,000,
    pay $3,200 for room and board, and pay the $1,800 tuition not covered by his scholarship. Noah does not have a felony drug conviction.
    Noah lived in a dorm on campus during the school year. Noah lived with Evan before
    he started attending college and during school breaks.
    The terms of Noahs scholarship state that it must be used to pay qualified tuition.
    Evan wants to know if he has enough deductions to itemize. He gives you receipts
    and statements for the following items he would like to deduct:
    Unreimbursed doctor bills for Evan for $300.
    Unreimbursed prescription drugs for $1,400.
    Over the counter vitamins for $150.
    Safe deposit box for $200.
    A statement received from his church showing donations made throughout the
    year totaling $1,500.
    Receipt for donation of furniture in good, used condition to Goodwill. The estimated fair market value is $240.
    $100 given to a friend for her daughters medical bill.
    Evan paid $1,200 for homeowners insurance.
    Evan is repaying a student loan from his technical school education. The loan was
    for qualified education expenses at an eligible institution.
    Evan and Noah were covered all year under a health care plan through Evans
    employer.
    Evan did not itemize
    deductions last year.

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