Question
Addison Parker, single (as of 12/31/2020), and age 63, lives at 3218 Columbia Drive, Stockton, CA 95210. She is employed as regional sales manager by
Addison Parker, single (as of 12/31/2020), and age 63, lives at 3218 Columbia Drive, Stockton, CA 95210. She is employed as regional sales manager by VITA Corporation, a manufacturer and distributor of vitamins and food supplements.
Addison was paid an annual salary of $85,000 in 2020. Addisons husband, George, died on 7/1/2020. George lived with Addison from 1/1/1980 to 7/1/2020. George was 68 when he died. Addisons Form W-2 stated $15,500 in federal income tax withheld, $5,146 in social security tax withheld, $1,203.5 in Medicare tax withheld, and $0 state income tax withheld. Addison itemized deductions on her 2019 Federal income tax return (total of $30,000 in itemized deductions). Addison also had the following income in 2020: CA State Tax Refund 3,000 (3) Interest from General Motors Bonds 2,000 Interest from State of CA Bonds 3,000 Gambling Winnings 4,000 Gift from Son - Fred 20,000 Life Insurance Policy on George 150,000 Addison collected Social Security payments totaling $23,000 in 2020. Addison sold 1,000 shares of Apple stock for $60,000 on 10/1/2020. She bought the 1,000 shares of Apple stock for $20,000 on 1/1/2015.
Complete Addisons 2020 Federal Income Tax Return, with all appropriate attachments and worksheets.
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