Question: Please prepare all forms 1040 and 8815 to report the proper amount of taxable interest based on the following facts: Our client redeemed two ten-year

Please prepare all forms 1040 and 8815 to report the proper amount of taxable interest based on the following facts: Our client redeemed two ten-year Series EE Savings bonds on May 5, 2023;

The savings bonds were issued in 2008 and the proceeds included the $10,000 face amount per bond and $750 of interest per bond.

She attended State College during 2023 and incurred $12,000 in tuition expenses and $6,000 for room and board.

She also received a $2,000 scholarship for 2023 that covered tuition only. Her AGI (modified AGI for our purposes) was $95,000 and her filing status is single.

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