Question
Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem. In addition, the taxpayers did NOT
Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem. In addition, the taxpayers did NOT receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during the year.
Elise Dubois is single, has no dependents, and lives at 55855 Ridge Drive in Lafayette, LA 70593. Her social security number is 412-34-5670 (date of birth 3/15/1981).
Her W-2 contained the following information: Wages (box 1) =$ 48,965.25
Federal W/H (box 2) =$ 5,024.38
Social security wages (box 3) =$ 48,965.25
Social security W/H (box 4) =$ 3,035.85
Medicare wages (box 5) =$ 48,965.25
Medicare W/H (box 6) =$ 710.00
She has gambling winnings of $1,050 and the following expenses:
State income taxes | $ 3,200 |
---|---|
Real estate property taxes | 1,150 |
Medical expenses | 6,400 |
Charitable cash contributions (no single contribution was more than $250) | 450 |
Mortgage interest expense | 5,605 |
Personal property taxes | 720 |
Gambling losses | 1,235 |
Required:
Prepare a Form 1040 with a Schedule 1 and Schedule A for Elise using any appropriate worksheets. Use the appropriate Tax Tables.
Note: Input all the values as positive numbers. Round your final answers to the nearest whole dollar amount. Instructions can be found on certain cells within the forms.
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