A 11 Overvie X Final Pr X Chapte X Chapte X Chapter X Cengag X chapter X G Credit L x TT Home X v2.cengagenow.com/ilmn/takeAssignment/takeAssignmentMain.do?invoker=saved&takeAssignmentSession Locator-assignment-take&i... CA Mail-YOUNGMAN,... Chapter 6 Tax Return my cnm 2 brightspace Class BHT-BLAW211... Print Item Ho Macroeconomics |... BDashboard | Zoho B... Apple Music YouTube discovery Instructions Form 1040 Schedule 1 Schedule A Schedule B Schedule D Form 8949 Schedule E Schedule 8812 Instructions Note: This problem is for the 2022 tax year. Roberta Santos, age 41, is single and lives at 120 Sanborne Avenue, Springfield, IL 62701. Her Social Security number is 123-45-6780. Roberta has been divorced from her former husband, Wayne, for two years. She has a son, Jason, who is 16, and a daughter, June, who is 18. Jason's Social Security number is 111-11-1112, and June's is 123-45-6788. Roberta has never owned or used a digital asset. She does not want to contribute $3 to the Presidential Election Campaign Fund. Roberta, an advertising executive, earned a salary from ABC Advertising of $136,000 in 2022. Her employer withheld $16,000 in Federal income tax and $4,400 in state income tax. Roberta has legal custody of Jason and June. The divorce decree provides that Roberta is to receive the dependency deductions for the children. Jason lives with his father during summer vacation. Wayne indicates that his expenses for Jason are $5,500. Roberta can document that she spent $8,500 for Jason's support during 2022. In prior years, Roberta gave a signed Form 8332 to Wayne regarding Jason. For 2022, she has decided not to do so. Roberta provides all of June's support. Roberta's mother died on January 7, 2022. Roberta inherited assets worth $625,000 from her mother. As the sole beneficiary of her mother's life insurance policy, Roberta received insurance proceeds of $300,000. Her mother's cost basis for the life insurance policy was $120,000. Roberta's favorite aunt gave her $15,000 for her birthday in October. On November 8, 2022, Roberta sells for $22,000 Amber stock that she had purchased for $24,000 from her first cousin, Walt, on December 5, 2017. Walt's cost basis for the stock was $26,000. On December 1, 2022, Roberta sold Falcon stock for $13,500. She had acquired the stock on July 2, 2018, for $8,000. An examination of Roberta's records reveals that she received the following: 1 48F Sunny @ 2 Q Search PRE ? hp a W ** 3 $ 4 f6 15 % 5 10 6 & 7 f8 fg * 8 9 ins f10 f11 112 prt sc O C C 121 Overvie X Final Pr X 21 Chapte X Chapte X Chapte X Cengag X chapter x G Credit! x Homew CA Mail-YOUNGMAN,... esc v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=saved&takeAssignmentSession Locator-assignment-tal my cnm 121 brightspace Class BHT-BLAW211... Macroeconomics ... BDashboard | Zoho B... Apple Music YouTube stock on July 2, 2018, for $8,000. An examination of Roberta's records reveals that she received the following: Interest income of $2,500 from First Savings Bank. Groceries valued at $750 from Kroger Groceries for being the 100,000th customer. Qualified dividend income of $1,800 from Amber. Interest income of $3,750 on City of Springfield school bonds. Alimony of $16,000 from Wayne; divorce finalized in May 2020. Distribution of $4,800 from ST Partnership (Employer Identification Number: 46-4567893). Her distributive share of the partnership passive taxable income was $5,300. She had no prior passive activity losses. Assume that the qualified business income deduction applies and the W-2 wage limitation does not. From her checkbook records, she determines that she made the following payments during 2022: Charitable contributions of $4,500 to First Presbyterian Church and $1,500 to the American Red Cross (proper receipts obtained). Payment of $5,000 to ECM Hospital for the medical expenses of a friend from work. Mortgage interest on her residence of $7,800 to Peoples Bank. Property taxes of $3,200 on her residence and $1,100 (ad valorem) on her car. $800 for landscaping expenses for residence. Estimated Federal income taxes of $2,800 and estimated state income taxes of $1,000. Medical expenses of $5,000 for her and $800 for Jason. In December, her medical insurance policy reimbursed $1,500 of her medical expenses. She had full-year health care coverage. A $1,000 ticket for parking in a handicapped space. Attorney's fees of $500 associated with unsuccessfully contesting the parking ticket. Contribution of $250 to the campaign of a candidate for governor. Because she did not maintain records of the sales tax she paid, she calculates the amount from the sales tax table to be $1,808. Required: Calculate Roberta's net tax payable or refund due for 2022. 1 48F Sunny ? 2 Q Search PRE ? hp f4 f5 40 * # 3 4 % 5 6 & 7 f8 * 80 fg a W 144 f10 9 O E f11 +241 T Overvie X Final Pr X Chapte X Chapte X Chapte X Cengag X chapter X G Credit L x Home X CA v2.cengagenow.com/ilmn/takeAssignment/takeAssignmentMain.do?invoker=saved&takeAssignmentSession Locator-assignment-take&i... Mail -YOUNGMAN,... my cnm 121 brightspace Class BHT-BLAW211... Macroeconomics ... Dashboard | Zoho B... Apple Music YouTube discov Complete Roberta's Schedule 1 below for 2022. OMB No. 1545-0074 2022 Attachment Sequence No. 01 Your social security number 123-45-6780 SCHEDULE 1 (Form 1040) Additional Income and Adjustments to Income Department of the Treasury Attach to Form 1040, 1040-SR, or 1040-NR. Internal Revenue Service Go to www.irs.gov/Form1040 for instructions and the latest information. Name(s) shown on Form 1040, 1040-SR, or 1040-NR Roberta Santos Part I Additional Income 1 Taxable refunds, credits, or offsets of state and local income taxes E 2a Alimony received. LE L > b Date of original divorce or separation agreement (see instructions): 3 Business income or (loss). Attach Schedule C " W 4 Other gains or (losses). Attach Form 4797 * 5 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 6 Farm income or (loss). Attach Schedule F 7 Unemployment compensation 8 Other income: a Net operating loss " 48F Q Search PRE Sunny % f6 40 8a ( * hp 144 1 2a 3 4 5 6 7 a W 110 E C f12 ins sprt s Overvie X Final Pri Chapte X Chapte X 21 ChapteX C A Mail -YOUNGMAN,... > 5 P Cengag X chapter x G Credit L X Home XX v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=saved&takeAssignmentSessionLocator-assignment-take&i... my cnm 21 brightspace Class BHT-BLAW211... Macroeconomics... Dashboard | Zoho B... Apple Music YouTube disco Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 6 Farm income or (loss). Attach Schedule F LA Unemployment compensation 8 Other income: 5 6 7 a Net operating loss 8a ( ) b Gambling LE c Cancellation of debt N 8b 8c d Foreign earned income exclusion from Form 2555 8d ( ) e Income from Form 8853 " f Income from Form 8889 8e 8f . g Alaska Permanent Fund dividends h Jury duty pay i Prizes and awards 8g 8h 8i j Activity not engaged in for profit income 8j k Stock options 8k I Income from the rental of personal property if you engaged in the rental for profit but were not in the business of renting such property 81 m Olympic and Paralympic medals and USOC prize money (see instructions) 8m n Section 951(a) inclusion (see instructions) E " 8n 48F Sunny * Q Search % 16 PRE 7 40 * hp a W fg 9 f10 fm F 144 12 112 + ins prt sc Overvie X IL Final Pr X Chapte X Chapte X Chapter X *Cengag x chapter x G Credit Homey X C A O Mail -YOUNGMAN,... v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=saved&takeAssignmentSessionLocator-assignment-take& my cnm brightspace Class BHT-BLAW211... Macroeconomics ... Dashboard | Zoho B... Apple Music YouTube j Activity not engaged in for profit income 8] k Stock options . . 8k LE Income from the rental of personal property if you engaged in the rental for profit but were not in the business of renting such property 81 m Olympic and Paralympic medals and USOC prize money (see instructions) 8m n Section 951(a) inclusion (see instructions) o Section 951A(a) inclusion (see instructions) p Section 461(1) excess business loss adjustment E 8n LE E 80 * LE E q Taxable distributions from an ABLE account (see instructions) r Scholarship and fellowship grants not reported on Form W-2 8p 8q LES 8r ER > " s Nontaxable amount of Medicaid waiver payments included on Form 1040, line 1a or 1d 85 ( ) t Pension or annuity from a nonqualifed deferred compensation plan or a nongovernmental section 457 plan 8t Su 48F Sunny u Wages earned while incarcerated z Other income. List type and amount: 8z 9 Total other income. Add lines 8a through 8z 10 Combine lines 1 through 7 and 9. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 8 For Paperwork Reduction Act Notice, see your tax return instructions. Q Search PRE hp E 9 10 Schedule 1 (Form 1040) 2022 a W Pel Overvie X Final Pr X Chapter X Chapte X Chapter X Cengag X chapter x G Credit | X Home X CA v2.cengagenow.com/ilmn/takeAssignment/takeAssignmentMain.do?invoker=saved&takeAssignmentSession Locator-assignment-take&i... Mail -YOUNGMAN,... my cnm brightspace Class BHT-BLAW211... Macroeconomics |... Dashboard | Zoho B... Apple Music YouTube disco Part II Adjustments to Income 11 Educator expenses 11 12 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 12 13 Health savings account deduction. Attach Form 8889. 13 14 Moving expenses for members of the Armed Forces. Attach Form 3903 14 15 Deductible part of self-employment tax. Attach Schedule SE 15 16 Self-employed SEP, SIMPLE, and qualified plans 16 17 Self-employed health insurance deduction 17 18 Penalty on early withdrawal of savings 18 " 19a Alimony paid 19a b Recipient's SSN c Date of original divorce or separation agreement (see instructions): 20 IRA deduction 21 Student loan interest deduction 22 Reserved for future use 23 Archer MSA deduction 24 Other adjustments: 1 48F Sunny a Jury duty pay (see instructions) Q Search PRE 24a 18 f5 14 O ? * hp a 20 21 22 23 W 110 f11 112 ins prt sc 144 11 11 Overvie X Final Pr X 21. Chapte X Chapte X 121 Chapte X Cengag X chapter XG Credit X Home X Home CA v2.cengagenow.com/ilmn/takeAssignment/takeAssignmentMain.do?invoker=saved&takeAssignmentSession Locator-assignment-take&i... Mail -YOUNGMAN,... > my cnm brightspace Class BHT-BLAW211... Macroeconomics... Dashboard | Zoho B... Apple Music YouTube discovery+ c Nontaxable amount of the value of Olympic and Paralympic medals and USOC prize money reported on line 8m d Reforestation amortization and expenses 24c 24d e Repayment of supplemental unemployment benefits under the Trade Act of 1974 24e f Contributions to section 501(c)(18)(D) pension plans 24f g Contributions by certain chaplains to section 403(b) plans 24g T h Attorney fees and court costs for actions involving certain unlawful discrimination claims (see instructions) 24h i Attorney fees and court costs you paid in connection with an award from the IRS for information you provided that helped the IRS detect tax law violations 24i j Housing deduction from Form 2555 24j k Excess deductions of section 67(e) expenses from Schedule K-1 (Form 1041) 24k z Other adjustments. List type and amount: 24z 25 Total other adjustments. Add lines 24a through 24z 25 26 Add lines 11 through 23 and 25. These are your adjustments to income. Enter here and on Form 1040 or 1040-SR, line 10, or Form 1040-NR, line 10a 26 Schedule 1 (Form 1040) 2022 Schedule A 1 48F Sunny ? Q Search PRE * 40 hp 9 144 a 110 F O 112 12 W ins prt sc de