Click here to see Tibbit Johnson's social security card.
Click here to review Form 13614-C, Intake/Interview Sheet
Click here to review Form 1099-R
Click here to review Form 1099-C
For practice using the tax preparation software, complete Tibbit's tax return using the Practice Lab on Link & Learn Taxes and answer questions 1—3.
True or False? Tibbit's debt is referred to as recourse debt.
True or False? Tibbit's adjusted gross income is $33,007.
How should the workout with the mortgage lender be reported on Tibbit's tax return?
Select the correct answers, then click Check My Answer.