Question: Use the Information to prepare the tax return for Bryan Connel. Use Form 1040, Schedule 1, Schedule 3, Schedule B, and Form 8863. This problem
Use the Information to prepare the tax return for Bryan Connel. Use Form 1040, Schedule 1, Schedule 3, Schedule B, and Form 8863. This problem is suitable to preparation or computer software application.
Bryan Connel (SSN 573-99-5878) works as a manager for an oil company. His taxable wages for 2018 were $132,900, from which his employer withheld $9450 and $1900, respectively for federal and state income taxes.
During. 2018, Bryan paid $6000 for tuition for his dependent daughter, April Connel (SSN 549-43-5584). This amount was reported in box 2 on Form 1098-T, Tuition Statement, that April received early 2018. Box 7. on 1098-T was not checked. April (age 20) attends the University of Houston full-time. She entered her sophomore year during 2018. April lives with Bryan when she is not in school. The University of Houston is located at 4800 Calhoun Road, Houston, Texas 77004. The employer identification number for the university is 51-2000390.
Bryan is divorced. During 2018, he paid alimony totaling $50000 to his ex-wife, Anne Connel (SSN 558-99-5377). His only other income includes $4250 of interest from a Texas Commerce Bank certificate of deposit and $1840 of interest from State of Iowa government bonds. He does not have an interest in any foreign accounts or trusts. Bryan lives at 1143 W. Adams Ave., Wichita Falls, KS. 76300. Bryan uses the standard deduction, is under age 65, and has good eyesight. Bryan receives full health care benefits through his employer. He does not want $3 to go to the Presidential election campaign fund. Bryan signs and dates his return on April 10, 2018.
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