H&R BLOCK ACTUAL
SOLUTION
Actual solution
A satisfying exam solution
, H&R BLOCK Actual solution
Where should unemployment compensation be reported on Form 1040?
Schedule 1, line 7
What form is used to report long-term disability benefits to the taxpayer?
1099-R
Which of the following nondependent taxpayers is NOT eligible to claim the student
loan interest deduction?
A taxpayer filing married filing separately
Which qualifying child requirement does Morris fail? Morris, the potential dependent,
is a single 20-year-old man. He is a full-time student at the local university. He lives
on campus and returns home on most weekends, holidays and summer break. He is
the son of Susie and Toby, who are planning to claim him as a dependent. They are
not dependents of another taxpayer. Everyone is a U.S. citizen. His total support was
$8,000 for the year. He had a student loan for $4,000. He provided $1,500 towards his
support, and his parents provided $2,500 of his support. Morris was the only one
responsible for the student loan.
Support
Which qualifying child requirement does Jack fail? Jack,19, is the nephew of Angie. He
moved in with Angie June 15, 2021. He worked part-time during the year and netted
$5,600. He spent it all on himself during the year. His total support for the year was
$12,000. His aunt paid $4,000 and his parents paid $2,400. Jack is single. No one can
claim Angie as a dependent, and they are both U.S. citizens.
Age
SOLUTION
Actual solution
A satisfying exam solution
, H&R BLOCK Actual solution
Where should unemployment compensation be reported on Form 1040?
Schedule 1, line 7
What form is used to report long-term disability benefits to the taxpayer?
1099-R
Which of the following nondependent taxpayers is NOT eligible to claim the student
loan interest deduction?
A taxpayer filing married filing separately
Which qualifying child requirement does Morris fail? Morris, the potential dependent,
is a single 20-year-old man. He is a full-time student at the local university. He lives
on campus and returns home on most weekends, holidays and summer break. He is
the son of Susie and Toby, who are planning to claim him as a dependent. They are
not dependents of another taxpayer. Everyone is a U.S. citizen. His total support was
$8,000 for the year. He had a student loan for $4,000. He provided $1,500 towards his
support, and his parents provided $2,500 of his support. Morris was the only one
responsible for the student loan.
Support
Which qualifying child requirement does Jack fail? Jack,19, is the nephew of Angie. He
moved in with Angie June 15, 2021. He worked part-time during the year and netted
$5,600. He spent it all on himself during the year. His total support for the year was
$12,000. His aunt paid $4,000 and his parents paid $2,400. Jack is single. No one can
claim Angie as a dependent, and they are both U.S. citizens.
Age
