12. Which of the following is true for Siena? A. She has only $13,130 in itemized deductions, so she will take her standard deduction of $18,650 instead. OB. She has $13,130 in itemized deductions, which is higher than her standard deduction of $12,400. OC. She has only $14,630 in itemized deductions, so she will take her standard deduction of $18,650 instead, OD. She will claim $16,480 in itemized deductions 13. Siena must pay an additional tax on the early withdrawal from her IRA of $450. True False 14. Does Siena have the option to recontribute the $4,500 distribution from her IRA as a rollover contribution? OA. No, the 60-day rollover period has expired B. Yes, she has 3 years to recontribute the entire amount. C. No, she can only make new contributions to her IRA D. Yes, any time after receiving the distribution, Siena may recontribute any portion of the distribution as a rollover contribution 15. Quincy is Siena's qualifying relative dependent. True False Interview Notes . Siena is 38 years old and unmarried. Siena had her first child, Wilson, in June 2020. Quincy, Siena's brother, moved in with her in May to help her out around the house. Quincy was unemployed for most of the year, but received a Form W-2 for $4,578 in wages This year, Siena had the following expenses: Mortgage interest, mortgage insurance, and real estate tax reported on Form 1098 Personal property tax of $250 Medical expenses of $1,500 Cash contributions to charity of $1,600 Clothing and furniture in good used condition with fair market value (FMV) of $300 Unreimbursed mileage driven for work at the standard mileage rate = $1,350 Renovations made to Wilson's nursery for $500 Siena received a Form 1099-R for a distribution from her IRA that she took shortly after Wilson's birth to pay for his expenses. Siena paid all the costs of keeping up the home and support for both Quincy and Wilson Siena received an Economic Impact Payment (EIP) of $1.200 in 2020. Siena, Quincy, and Wilson are all U.S. citizens and have valid Social Security numbers. . 12. Which of the following is true for Siena? A. She has only $13,130 in itemized deductions, so she will take her standard deduction of $18,650 instead. OB. She has $13,130 in itemized deductions, which is higher than her standard deduction of $12,400. OC. She has only $14,630 in itemized deductions, so she will take her standard deduction of $18,650 instead, OD. She will claim $16,480 in itemized deductions 13. Siena must pay an additional tax on the early withdrawal from her IRA of $450. True False 14. Does Siena have the option to recontribute the $4,500 distribution from her IRA as a rollover contribution? OA. No, the 60-day rollover period has expired B. Yes, she has 3 years to recontribute the entire amount. C. No, she can only make new contributions to her IRA D. Yes, any time after receiving the distribution, Siena may recontribute any portion of the distribution as a rollover contribution 15. Quincy is Siena's qualifying relative dependent. True False Interview Notes . Siena is 38 years old and unmarried. Siena had her first child, Wilson, in June 2020. Quincy, Siena's brother, moved in with her in May to help her out around the house. Quincy was unemployed for most of the year, but received a Form W-2 for $4,578 in wages This year, Siena had the following expenses: Mortgage interest, mortgage insurance, and real estate tax reported on Form 1098 Personal property tax of $250 Medical expenses of $1,500 Cash contributions to charity of $1,600 Clothing and furniture in good used condition with fair market value (FMV) of $300 Unreimbursed mileage driven for work at the standard mileage rate = $1,350 Renovations made to Wilson's nursery for $500 Siena received a Form 1099-R for a distribution from her IRA that she took shortly after Wilson's birth to pay for his expenses. Siena paid all the costs of keeping up the home and support for both Quincy and Wilson Siena received an Economic Impact Payment (EIP) of $1.200 in 2020. Siena, Quincy, and Wilson are all U.S. citizens and have valid Social Security numbers