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. Keisha Sanders, a divorced single taxpayer and practicing attorney, lives at 9551 Oak Lane in Boise, ID 83709. Her social security number is 412-34-5670 (date of birth 2/27/1977). Her W-2 contained the following information: Wages (box 1) = $ 84,601.55 Federal W/H (box 2) = $8,898.38 $ 84,601.55 $5,245.30 $ 84,601.55 Social security wages (box 3) Social security W/H (box 4) = Medicare wages (box 5) Medicare W/H (box 6) $1,226.72 In addition, Keisha made alimony payments totaling $10,800 for the year to her former husband Alex, an unemployed mine worker, whose social security number is 412-34-5671. This was in regards to a divorce decree that was completed prior to November 2017 and had not been amended post 2018. She also received a 1099 INT from Idaho State Credit Union in the amount of $254.85. Keisha also has the following information for her Schedule A Itemized deductions: Interest expense Home mortgage (qualified residence interest) $8,100 MasterCard (used exclusively for personal expenses and purchases) 675 Car loan (personal use) Student loan interest 710 1,750 Taxes paid State income tax withheld 2,950 350 State income tax deficiency (for 2020) Real estate property taxes-principal residence 1,700 Personal property taxes-car 75 Doctors' fees Prescription drugs Vitamins and over-the-counter drugs 635 260 250 Dental implant to correct a bite problem 1,600 Health club fee Charitable contributions 400 (all required documentation is maintained) Cash: Mosque (made ratably throughout the year and no single contribution was greater than $250) 3,100 United Way 100 PBS annual campaign 200 Property: Greater Boise Goodwill-used clothing and household items Date of donation November 15, 2021 Thrift shop value at date of donation 550 Actual purchase price of the items 1,300 Required: Prepare a Form 1040 with a Schedule 1, a Schedule A, and a Form 8283 for Keisha using any other appropriate worksheets. If manually preparing the return, the Student Loan Interest Deduction worksheet can be found in IRS Publication 970, Tax Benefits for Education. 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. Do not skip rows, while entering Part I of Form 8283. 1040 for a Single taxpayer with no dependents. 1040 PG 1 1040 PG 2 Schedule 1 PG Schedule 1 PG Schedule A Form 8283 SLI Worksheet Page 1 of Form 1040. Use provided information and follow instructions on form.
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