Summary: This is an example of Form 8815 (2008) as pertains to the description in the text. The line items completed are:
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“Name(s) shown on return” field contains Mark & Joan Washington
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“Your social security number” field contains 000-00-4567
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“1a. Name of person (you, your spouse, or your dependent) who was enrolled at or attended an eligible educational institution” field contains Anna Washington
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“1b. Name and address of eligible educational institution” field contains
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| Jamestown University |
| Normal, Virginia 20100 |
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“2. Enter the total qualified higher education expenses you paid in 2008 for the person(s) listed in column (a) of line 1.
See the instructions to find out which expenses qualify” field contains 7,650
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“3. Enter the total of any nontaxable educational benefits (such as nontaxable scholarship or fellowship grants) received for
2008 for the person(s) listed in column (a) of line 1 (see instructions)” field contains 0
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“4. Subtract line 3 from line 2. If zero or less, stop. You cannot take the exclusion” field contains 7,650
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“5. Enter the total proceeds (principal and interest) from all series EE and I U.S. savings bonds issued after 1989 that you
cashed during 2008” field contains 9,000
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“6. Enter the interest included on line 5 (see instructions)” field contains 3,000
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“7. If line 4 is equal to or more than line 5, enter 1.000. If line 4 is less than line 5, divide line 4 by line 5. Enter the
result as a decimal (rounded to at least three places)” field contains .850
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“8. Multiply line 6 by line 7” field contains 2,550
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“9. Enter your modified adjusted gross income (see instructions)” field contains 114,450
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“10. Enter: $67,100 if single or head of household; $100,650 if married filing jointly or qualifying widow(er)” field contains 100.650
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“11. Subtract line 10 from line 9. If zero or less, skip line 12, enter 0 on line 13, and go to line 14” field contains 13,800
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“12. Divide line 11 by: $15,000 if single or head of household; $30,000 if married filing jointly or qualifying widow(er).
Enter the result as a decimal (rounded to at least three places)” field contains .460
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“13. Multiply line 8 by line 12” field contains 1,173
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“14. Excludable savings bond interest. Subtract line 13 from line 8. Enter the result here and on Schedule B (Form 1040), line
3, or Schedule 1 (Form 1040A), line 3, whichever applies” field contains 1,377
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