Attached: W-2, 1099-INT, 1099-DIV, blank 1040, Schedule 1, Schedule B, Schedule D

Alexander Smith and his wife Allison are married and file a joint tax return for 2019. The smiths live at 1234 Buena Vista Dr., Orlando, FL 32830. Alexander is a commuter pilot but took 6 months off frok his job in 2019 to obtain a higher level pilots license. The smiths have a 17 year old son, Brad, who is enrolled in eleventh grade at the Walt Disney Prep School. The smiths also have an 18 year old daughter Angelina, who is a part time first year student at Orange County Community College. Angelina is married to Sean Shirker, who is 19 years old and also a part time student at OCCC. Sean and Angelina have a 1 year old child, Trask. All the Shirkers live in an apartment near the smiths. Angelina and Sean both also work part time for Seans wealthy grandfather as apprentinces in his business. The Shirkers wages for the year were $50,000 which allowed them to py all the lersonal expenses for themselves and Trask.

Five years ago, Alexander divorced Jennifer Amistad. Alexander pays Jennifer $200 per month in alimony under the divorce decree.

Not included with the Smiths tax forms was interest from State of Florida bonds of $145.00.

This information is being furnished to the internal Rovenuo Sorvice. CORRECTED (if checked) CORRECTED (if checked) At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any Chock only If you chacked the Mrs box, orter the nurne of spoune. If you chacked the HOH or QW box, enter the childs name if the qualfying pernon is ans box a child but not your dependent . Standard Sompone can claim: You as a deporidant Your spoune as a dependent Deduction Spoine tamiton on a separate ribum or you wore a dalatatualien Here Fom 1040 aors Schedule D Tax Workheet (2019) Complete this worksheet only if line 18 or line 19 of Schedule D is more than zoro and lines 15 and 16 of Schedule D are gains. Otherwise, complete the Qualified Dividends and Capital Gain Tax Worksheet in the Instructions for Form 1040, line 12a (or in the Instructions for Form 1040-NR, line 42) to compute tax. Before completing this worksheet, complote Form 1040 through line 11b (or Form 1040-NR through line 41). Exception: Do not use the Qualified Dividends and Capital Gain Tax Worksheet or this worksheet to compute tax if: - Line 15 or line 16 of Schedule D is zero or less and the taxpayer has no qualifiod dividends on Form 1040, line 3a for Form 1040-NR, fine 10b), or - Form 1040, line 11b (or Form 1040-NR, line 41) is zero or less. Instead, see the instructions for Form 1040, line 12a (or Form 1040-NR, line 42). 1) Enter taxable income from Form 1040, line 11b (or Form 1040-NR, line 41). (However, if filing Form 2555 (relating to foreign earned income), enter instead the amount from line 3 of the Foreign Earned Income Tax Worksheet in the Instructions for Form 1040, line 12a). 1) 2) Enter qualified dividends from Form 1040, line 3 a for Form 1040-NR, line 10b) 2) 3) Enter the amount from Form 4952 (used to compute investment interest oxpense deduction), line 4g 3) 4) Enter the amount from Form 4952, line 4e. 4) 5) Subtract line 4 from line 3 . If zero or less, enter 0 - 5) 6) Subtract line 5 from line 2 . If zero or less, enter 0. 7) Enter the smaller of line 15 or line 16 of Schedule D 7) 8) Enter the smaller of line 3 or line 4 . 8) 9) Subtract line 8 from line 7. If zero or less, enter 0.4 9) 10) Add lines 6 and 9 . 10) 11) Add lines 18 and 19 of Schedule D* 12) Enter the smaller of line 9 or line 11 13) Subtract line 12 from Ene 10 14) Subtract line 13 from line 1. If zero or less, enter - 0- 15) Enter: - $39,375 if Single or Married Filing Separately. - \$78,750 if Married Filing Jointly or Qualifying Widow(er), or - $52,750 if Head of Household 15) 16) Enter the smaller of line 1 or line 15 16) - $78,750 if Marriod Fling Jointly or Qualitying Widow(er), or - \$52,750 ir Head of Housahold. 16) Enter the smaller of line 1 or line 15. 17) Enter the smaller of line 14 or line 16 18) Subtract line 10 from line 1. If zero or less, enter 0 - 19) Enter the smaller of line 1 or: - $160,725 if Single or Married Filing Separatoly. - $321,450 it Married Filing Jointly or Qualitying Widow(er), or - $160,700 if Head of Household. 20) Enter the smaller of line 14 or line 19 20) 21) Enter the larger of line 18 or line 20 21) 22) Subtract line 17 from line 16 . This amount is taxed at 0%. 22) II lines 1 and 16 are the same, skip lines 23 through 43 and 90 to line 44 . Othorwise, 90 to line 23. 23) Enter the smaller of line 1 of lne 13 . 23) 24) Enter than amount from line 22 (if line 22 is blank, anter 0-). 24) 25) Subtract line 24 from line 23. If zaro or less, enter - 0 35) Schedule D Tax Worisheet (2019) continued 28) Add hnos 21 and 22 . 29) Subtract line 28 from line 27. If zero or less, enter - 0 30) Enter the smaller of line 25 or lino 29 30) 31) Multiply line 30 by 15% (.15). 31) 32) Add lines 24 and 30 . 32) If lines 1 and 32 are the same, skip lines 33 through 43 and go to line 44 , Otherwise, go to line 33. 33) Subtract line 32 from line 23 33) 34) Multiply line 33 by 20% (.20) 34) If Schedule D, line 19, is zero or blank, skip lines 35 through 40 and go to line 41 . Otherwise, go to line 35. 35) Enter the smaller of line 9 above or Schedule D, line 19 35) 36) Add lines 10 and 21 36) 37) Enter the amount from line 1 abovo. 37) 38) Subtract line 37 from line 36 . If zero or less, enter 0. 38) 39) Subtract line 38 from line 35 . If zero or less, enter 0. 39) 40) Multiply line 39 by 25% (.25) 40) If Schedule D, line 18, is zero or blank, skip lines 41 through 43 and go to line 44 . Otherwise, go to line 41. 41) Add linos 21, 22, 30, 33, and 39 . 42) Subtract line 41 fromrline 1 43) Multiply line 42 by 28% (.28) 44) Figure the tax on the amount on line 21. If the amount on line 21 is less than $100,000, uso the Tax Table to figure the tax. If the amount on line 21 is $100,000 or more, uso the Tax Computation Worksheet. 45) Add lines 31, 34, 40, 43 , and 44 . 45) 46) Compute the tax on the amount on line 1. If the amount on line 1 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 1 is $100,000 or more, use the Tax Computation Worksheet. 46) 47) Tax on all taxable income (including cepital gains and qualfied dividends). Enter the smaller of line 45 or line 46. Also include this amount on Form 1040, line 12a lor Form 1040-NR, line 42). (If fling Form 2555, do not anter this amount on Form 1040, line 12a. Instead, anter it on line 4 of the Foreign Earned Income Tax Worksheet in the Form 1040 instructions). 47) This information is being furnished to the internal Rovenuo Sorvice. CORRECTED (if checked) CORRECTED (if checked) At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any Chock only If you chacked the Mrs box, orter the nurne of spoune. If you chacked the HOH or QW box, enter the childs name if the qualfying pernon is ans box a child but not your dependent . Standard Sompone can claim: You as a deporidant Your spoune as a dependent Deduction Spoine tamiton on a separate ribum or you wore a dalatatualien Here Fom 1040 aors Schedule D Tax Workheet (2019) Complete this worksheet only if line 18 or line 19 of Schedule D is more than zoro and lines 15 and 16 of Schedule D are gains. Otherwise, complete the Qualified Dividends and Capital Gain Tax Worksheet in the Instructions for Form 1040, line 12a (or in the Instructions for Form 1040-NR, line 42) to compute tax. Before completing this worksheet, complote Form 1040 through line 11b (or Form 1040-NR through line 41). Exception: Do not use the Qualified Dividends and Capital Gain Tax Worksheet or this worksheet to compute tax if: - Line 15 or line 16 of Schedule D is zero or less and the taxpayer has no qualifiod dividends on Form 1040, line 3a for Form 1040-NR, fine 10b), or - Form 1040, line 11b (or Form 1040-NR, line 41) is zero or less. Instead, see the instructions for Form 1040, line 12a (or Form 1040-NR, line 42). 1) Enter taxable income from Form 1040, line 11b (or Form 1040-NR, line 41). (However, if filing Form 2555 (relating to foreign earned income), enter instead the amount from line 3 of the Foreign Earned Income Tax Worksheet in the Instructions for Form 1040, line 12a). 1) 2) Enter qualified dividends from Form 1040, line 3 a for Form 1040-NR, line 10b) 2) 3) Enter the amount from Form 4952 (used to compute investment interest oxpense deduction), line 4g 3) 4) Enter the amount from Form 4952, line 4e. 4) 5) Subtract line 4 from line 3 . If zero or less, enter 0 - 5) 6) Subtract line 5 from line 2 . If zero or less, enter 0. 7) Enter the smaller of line 15 or line 16 of Schedule D 7) 8) Enter the smaller of line 3 or line 4 . 8) 9) Subtract line 8 from line 7. If zero or less, enter 0.4 9) 10) Add lines 6 and 9 . 10) 11) Add lines 18 and 19 of Schedule D* 12) Enter the smaller of line 9 or line 11 13) Subtract line 12 from Ene 10 14) Subtract line 13 from line 1. If zero or less, enter - 0- 15) Enter: - $39,375 if Single or Married Filing Separately. - \$78,750 if Married Filing Jointly or Qualifying Widow(er), or - $52,750 if Head of Household 15) 16) Enter the smaller of line 1 or line 15 16) - $78,750 if Marriod Fling Jointly or Qualitying Widow(er), or - \$52,750 ir Head of Housahold. 16) Enter the smaller of line 1 or line 15. 17) Enter the smaller of line 14 or line 16 18) Subtract line 10 from line 1. If zero or less, enter 0 - 19) Enter the smaller of line 1 or: - $160,725 if Single or Married Filing Separatoly. - $321,450 it Married Filing Jointly or Qualitying Widow(er), or - $160,700 if Head of Household. 20) Enter the smaller of line 14 or line 19 20) 21) Enter the larger of line 18 or line 20 21) 22) Subtract line 17 from line 16 . This amount is taxed at 0%. 22) II lines 1 and 16 are the same, skip lines 23 through 43 and 90 to line 44 . Othorwise, 90 to line 23. 23) Enter the smaller of line 1 of lne 13 . 23) 24) Enter than amount from line 22 (if line 22 is blank, anter 0-). 24) 25) Subtract line 24 from line 23. If zaro or less, enter - 0 35) Schedule D Tax Worisheet (2019) continued 28) Add hnos 21 and 22 . 29) Subtract line 28 from line 27. If zero or less, enter - 0 30) Enter the smaller of line 25 or lino 29 30) 31) Multiply line 30 by 15% (.15). 31) 32) Add lines 24 and 30 . 32) If lines 1 and 32 are the same, skip lines 33 through 43 and go to line 44 , Otherwise, go to line 33. 33) Subtract line 32 from line 23 33) 34) Multiply line 33 by 20% (.20) 34) If Schedule D, line 19, is zero or blank, skip lines 35 through 40 and go to line 41 . Otherwise, go to line 35. 35) Enter the smaller of line 9 above or Schedule D, line 19 35) 36) Add lines 10 and 21 36) 37) Enter the amount from line 1 abovo. 37) 38) Subtract line 37 from line 36 . If zero or less, enter 0. 38) 39) Subtract line 38 from line 35 . If zero or less, enter 0. 39) 40) Multiply line 39 by 25% (.25) 40) If Schedule D, line 18, is zero or blank, skip lines 41 through 43 and go to line 44 . Otherwise, go to line 41. 41) Add linos 21, 22, 30, 33, and 39 . 42) Subtract line 41 fromrline 1 43) Multiply line 42 by 28% (.28) 44) Figure the tax on the amount on line 21. If the amount on line 21 is less than $100,000, uso the Tax Table to figure the tax. If the amount on line 21 is $100,000 or more, uso the Tax Computation Worksheet. 45) Add lines 31, 34, 40, 43 , and 44 . 45) 46) Compute the tax on the amount on line 1. If the amount on line 1 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 1 is $100,000 or more, use the Tax Computation Worksheet. 46) 47) Tax on all taxable income (including cepital gains and qualfied dividends). Enter the smaller of line 45 or line 46. Also include this amount on Form 1040, line 12a lor Form 1040-NR, line 42). (If fling Form 2555, do not anter this amount on Form 1040, line 12a. Instead, anter it on line 4 of the Foreign Earned Income Tax Worksheet in the Form 1040 instructions). 47)