Advanced Scenario 5: Matthew Clark

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 & 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.
Complete Form 1040 and the appropriate forms, schedules, and worksheets to answer
each of the following questions.

Interview Notes
In September 2015, Matthew enrolled in college to pursue a bachelors degree. He
had no other post-secondary education. Brown College is a qualified educational
institution.
Matthew does not have a felony drug conviction.
Matthew brought a Form 1098-T and an account statement from the college. The
Form 1098-T includes the amount billed for the Spring 2016 semester. Matthew has
not yet paid this amount.
The terms of Matthews scholarship require that it be used to pay for tuition.
Matthew took a distribution from his IRA to pay for some of his education expenses.
All his IRA contributions were deductible in the year he made them.
For the purposes of this scenario, assume Matthew lives in the lower 48 states.
Matthew underestimated his 2015 income when he purchased insurance through
the Marketplace.
Matthew purchased minimum essential health care coverage through the
Marketplace.
Matthew was solvent at the time the credit card debt was cancelled.

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