52. Logan B. Taylor is a widower whose wife, Sara, died on June 6, 2018. He lives at 4680 Dogwood Lane, Springfield, MO 65801. He is employed as a paralegal by a local law firm. During 2020, he had the following receipts: Salary Interest income- Money market account at Omni Bank Savings account at Boone State Bank City of Springfield general purpose bonds Inheritance from Daniel Life insurance proceeds Amount from sale of St. Louis lot Proceeds from estate sale $ 80,000 $ 300 1,100 3,000 4,400 60,000 200,000 80,000 Communications Decision Making Tax Forms Problem ProConnect Tax Federal income tax refund (for 2019 tax overpayment) 9,000 700 Logan inherited securities worth $60,000 from his uncle, Daniel, who died in 2020. Logan also was the designated beneficiary of an insurance policy on Daniel's life with a maturity value of $200,000. The lot in St. Louis was purchased on May 2, 2015, for $85,000 and held as an investment. Because the neighborhood has dete- riorated, Logan decided to cut his losses and sold the lot on January 5, 2020, for $80,000. The estate sale consisted largely of items belonging to Sara and Daniel (e.g., camper, boat, furniture, and fishing and hunting equipment). Logan estimates that the property sold originally cost at least twice the $9,000 he received and has declined or stayed the same in value since Sara and Daniel died. Logan's expenditures for 2020 include the following: Medical expenses (including $10,500 for dental) $13,500 Taxes- State of Missouri income tax (includes withholdings during 2020) Property taxes on personal residence $4,200 4,500 8,700 Interest on home mortgage (Boone State Bank) 5,600 Contribution to church (paid pledges for 2020 and 2021) 4,800 While Logan and his dependents are covered by his employer's health insurance policy, he is subject to a deductible, and dental care is not included. The $10,500