2019 TAX DATA FOR JOHN & JANE UCSD MARRIED SINCE 2010. TWO CHILDREN, JJ BORN 2012, SAM BORN 2015 WAGES FED WIH STATE W/H SDI JOHN JANE 70,000 55,000 6,000 4,900 3,200 2,600 700 550 INT INCOME 200 DIV INCOME 1,100 (QUALIFIED = $900) CAPITALGAIN DIST 300 2018 STATE REFUND 320 (ITEMIZED IN PRIOR YEAR) SCHC GROSS RECEIPTS 26,000 (JANE, MAX SEP) SCH C EXPENSES 10,000 SHORT TERM LOSS (1,200) (SP = 7,800, COST = 9,000) LONG TERM GAIN 4,100 (SP = 14,100, COST = 10,000) SCHE RENTALS 14,000 SCH E MORT INT 10,200 SCH E PROPERTY TAX 1,500 SCH E DEPR 7,000 MEDICAL EXPENSE 2,500 MORTGAGE INT 19,000 PROPERTY TAX 2,200 VLF 350 CHARITABLES 500 FORM 1040 ES PYMT 2,800 FORM 540 ES PYMT 1,300 1) Form 1040 Line 7b Total Income = 2) Form 1040 Line 8b Adjusted Gross Income = 3) Form 1040 Line 9 Itemized Deductions 4) Form 1040 Line 10 Qualified Business Income Deduction = 5) Form 1040 Line 11b Taxable Income 6) Form 1040 Line 12b Tax = 7) Form 1040 Line 15 Other taxes = 8) Form 1040 Line 20 Taxes Overpaid = 2019 TAX DATA FOR JOHN & JANE UCSD MARRIED SINCE 2010. TWO CHILDREN, JJ BORN 2012, SAM BORN 2015 WAGES FED WIH STATE W/H SDI JOHN JANE 70,000 55,000 6,000 4,900 3,200 2,600 700 550 INT INCOME 200 DIV INCOME 1,100 (QUALIFIED = $900) CAPITALGAIN DIST 300 2018 STATE REFUND 320 (ITEMIZED IN PRIOR YEAR) SCHC GROSS RECEIPTS 26,000 (JANE, MAX SEP) SCH C EXPENSES 10,000 SHORT TERM LOSS (1,200) (SP = 7,800, COST = 9,000) LONG TERM GAIN 4,100 (SP = 14,100, COST = 10,000) SCHE RENTALS 14,000 SCH E MORT INT 10,200 SCH E PROPERTY TAX 1,500 SCH E DEPR 7,000 MEDICAL EXPENSE 2,500 MORTGAGE INT 19,000 PROPERTY TAX 2,200 VLF 350 CHARITABLES 500 FORM 1040 ES PYMT 2,800 FORM 540 ES PYMT 1,300 1) Form 1040 Line 7b Total Income = 2) Form 1040 Line 8b Adjusted Gross Income = 3) Form 1040 Line 9 Itemized Deductions 4) Form 1040 Line 10 Qualified Business Income Deduction = 5) Form 1040 Line 11b Taxable Income 6) Form 1040 Line 12b Tax = 7) Form 1040 Line 15 Other taxes = 8) Form 1040 Line 20 Taxes Overpaid =