1. James Dangell (birthdate August 2, 1976) is a single taxpayer. Jims earnings and withholdings as the manager of a local casino for 2020 are reported on his Form W-2:

Jims other income includes interest on a savings account at Nevada National Bank of $13,700. Jim pays his ex-spouse, Sarah McLoughlin, $3,900 per month in accordance with their February 12, 2019 divorce decree. When their 12-year-old child (in the ex-wifes custody) reaches the age of 18, the payments are reduced to $2,800 per month. His ex-wifes Social Security number is 554-44-5555.

In 2020, Jim purchased a new car and so he kept track of his sales tax receipts during the year. His actual sales tax paid is $3,650, which exceeds the estimated amount per the IRS tables. Jim participates in a high-deductible health plan and is eligible to contribute to a health savings account. His HSA earned $75 in 2020. During the year, Jim paid the following amounts (all of which can be substantiated):

Credit card interest $1,760 Auto loan interest 4,300 Auto insurance 900 Property taxes on personal residence 2,988 Contributions to HSA 2,000 Income tax preparation fee 900 Charitable contributions (all cash): Boy Scouts 1,350 St. Matthews Church 3,100 Nevada Democratic Party 250

Fund-raising dinner for the Reno Auto Museum (value of dinner is $25) 100

In 2020, Jim inherited over $500,000 from his Uncle Travis that died in 2020. Although Jim invested a large portion, he also contributed $125,000 cash to the newly named Travis School of Criminal Justice at the University of Reno. Jim also received the following Form 1098:

Required: Complete Jims federal tax return for 2020. Use Form 1040, Schedule 1, Schedule A, Schedule B, and Form 8889 to complete this tax return. Make realistic assumptions about any missing data.

a Employee's social security number 555-94-9358 b Employer identification number EIN 31-1459656 o Employer's name, address, and ZIP code Lucky Ace Casino 700 N. Sierra Street Reno, NV 89503 Safe, accurate, de file www.n.gov/etile Visit the IRS website at OMB No. 1845-0009 FAST! Use 1 Wages, tips, other compensation 2 Federal income tax withheld 192,000.00 24,500.00 a social security wages 4 Social security tax with held 137,700.00 8,537.40 5 Medicare wages and tips 8 Medicare tax withheld 200,000.00 2,900.00 7 Social security tips 8 Allocated tips d Control number 9 10 Dependent care benefits Last name Suff. 11 Nonqualified plans Employee's first name and initial James Dangell 911 Parr Blvd. Reno, NV 89512 13 Stany Patent plus 12a See instructions for box 12 D 8,000.00 12b W 1.200.00 120 Thaty ispy arkee 14 Other 120 f Employee's address and AP code 15 State Employer's state ID number NVI 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc. 19 Local income tax 20 Locality name W-2 Wage and Tax Statement 2020 Department of the Treasury-Internal Revenue Service Form Copy B-To Be Filed With Employee's FEDERAL Tax Retum. This information is being furnished to the Internal Revenue Service. 2020 Mortgage Interest Statement CORRECTED (if checked) FECIPIENT'S LENDER'S name, street address, city or town, state or 'Caution: The amount shown may OMB No. 1545-1380 province, country, AP or foreign postal code, and telephone no. not be fully deducible by you. Limits based on the loan amount Reno Savings & Loan and the cost and value of the secured property may apply. Also, 49 Commerce Street you may only deduct interest to the extent it was incurred by you Reno, NV 89501 scuoly paid by you, and not reimbursed by another person. Form 1096 1 Mortgage interest received from payersborrowerlei $ 18,888.78 FECIPIENT'SLENDER'S TIN PAYER'S/BORROWER'S TIN 2 Outstanding mortgage 3 Mortgage origination date principal 33-1234569 555-94-9358 $ 592,355.15 Mar 3, 2004 4 Pelund of overpaid 5 Mortgage insurance interest premiums PAYER'S/BORROWER'S name $ $ James Dangell 6 Points paid on purchase of principal residence $ Street address (including apt. no.) 7 address of property securing mortgage is the same 911 Parr Boulevard as PAYER S/BORROWER'S address, the box is checked, or the address or description is entered in box 8. City or town, state or province, country, and ZP or foreign postal code 8 Address or description of property securing mortgage (see Reno, NV 89512 instruction) Copy B For Payer/ Borrower The information in boxes through and 11 is important tax information and is being fumished to the IRS. If you Berequired to flea retum, a negligence penalty or other section may be imposed on you the AS determines fat an und payment of te results because you overstated a deduction for this mortgage interest or for these pants, reported in boxes 1 and or because you didn't report the refund of interest box do because you daimida nondeducibleiter 11 Mortgage acquisition date 9 Number of properties securing the 10 Other mortgage 1 Account number see instructions) Fom 1098 Keep for your records) www.irs.gow/Form1099 Department of the Treasury - Internal Revenue Service