come Tax Return i Help Save & Exit Submit --------- --- - - ---------- -------- --- - ---------- --------- -- Required information The following information applies to the questions displayed below.) . John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In 2019. John worked as a computer technician at a local university earning a salary of $152,000, and Sandy worked part-time as a receptionist for a law firm earning a salary of $29,000. John also cloes some Web design work on the side and reported revenues of $4.000 and associated expenses of $750. The Fergusons received $800 in qualified dividends and a $200 refund of their state income taxes. The Fergusons always itemize their deductions and their itemized deductions were well over the standard deduction amount last year. The Fergusons had qualifying insurance for purposes of the Affordable Care Act (ACA). Use Exhibit 8-9. Tax Rate Schedule. Dividends and Capital Gains Tax Rates for reference. The Fergusons reported making the following payments during the year: ..mmm.mmm State income taxes of $4.400. Federal tax withholding of $21,000. Alimony payments to John's former wife of $10,000 (divorced in 2014). Child support payments for John's child with his former wife of $4,100. . $12,200 of real property taxes. Sandy was reimbursed $600 for employee business expenses she incurred. She was required to provide documentation for her expenses to her employer. $3,600 to Kid Care day care center for Samantha's care while John and Sancy worked. $14,000 Interest on their home mortgage ($400.000 acquisition debt). $3,000 interest on a $40,000 home-equity loan. They used the loan to pay for a family vacation and new car $15.000 cash charitable contributions to qualified charities. . Donation of used furniture to Goodwill. The furniture had a fair market value of $400 and cost $2,000 endom a. What is the Fergusons' 2019 federal Income taxes payable or refund, including any self-employment tax and AMT, If applicable? (Round your intermediate computations to the nearest whole dollar amount.) Complete pages 1 and 2 of Form 1040 and Form 6251 for John and Sandy. John and Sandy Ferguson's address is 19010 N.W. 135th Street, Miami, FL 33054. Social security numbers: John: 111-11-1111 Sancy: 222-22-2222 Samantha : 333-33-3333 (Input all the values as positive numbers. Round your Intermediate calculations and final answers to the nearest whole dollar. Use 2019 tax rules regardless of year on tax form.) 1040 for a Head of household with one dependent. 1040 PG 1 1040 PG 2 Schedule 1 Schedule 3 Schedule 4 6251 PG 1 Page 1 of Form 1040. Use provided information and follow instructions on form. O 2018 CMD No. 1545-0074 Maried filing separately Head of household last names Fargrisen You were born before January 2, 1954 You are blind IRS Use Only - Dom write in uris space ullying witower Your social security number Citeras xxx-xx- x! 111-11-1111 | Deatment of the Treasury-Internal Revenue Service (99) Form 1040 | U.S. Individual Income Tax Return Single O r ied fling juilly Your first name and initial ohn Your Standard deduction: Borneone can daim you as a dependent It ont return, Spouse's first name and intial Sanity Spouse Standard deduction: Someone can claim your spouse as a depardent Spause is blind Home address number and street) If you have a PO box, see Instructions. 19010 NW. 135h Street Last name Spouves yorial security murber C et as XXX-XX- X! 222-22-2222 Ferguson Saouse was bom before Ianuary 2, 19:54 Sobuse itemizes in a separate ruum of you were dus-slatus alien Apt. no. Full-year health care coverage or exempt (90 instructions I Presidential Election Campaign (see Insti Presidential Election Campaign Required information see Inst.1 City, town or post office, state, and ZIP code. If you have a foreign address, attach Schedule 6. Spouse Miami, FL 33054. If more than four cependants, see inst. and here Dependents (see instructions): (2) Decendents social security number (Enter XKKU-xxxx! (3) Dependent's melationship in you 4) if child under age 17 qualifies for free inst.): Child tax credit. Credit for other Idependents (1) First name Last narc Samantha Ferguson 333-33-3333 Dauphler Sign Here Under penalties of perjury, I dec are that I have examined this retum and accompanying schedules and statements, and to the best of my knowledge and belief they are true, correct, and compete. Declaration of prepsrer (other than te payer is based on all information of which preparer has any knowledge Your signature Date Your occupation If the IRS sent you an Identity Protection PIN, enter it here seu inst. Joint return? See instructions, Keep a copy for your records. Spouse's signature. Il a joint return, both must sign. Spouse's occupation If the IRS eent you en Identity Protection PIN, enter it here (eee insi. Prinlype p are Preparer's signale PTIN Fun CIN Paid Prepaid Use only Check it: ard Party Designes Self complayed Firm's nama Phone no. Firm's address Form 1040 (2018) For Disclosure. Privacy Act and Paperwork Reduction Act Notice, see separate Instructions. Cal. No. 113200 THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 2019 McGraw-Hill Education. Required Information Page 2 of Form 1040. Some information does not carry over from Page 1. Form 1040 (2018) Page 2 181.000 1 Wages salaries, tips etc. Attach Fomisi V-2 Attach Forms W 2. Also hech Forms W2G and PA Tax exemptintamast 1000 Rifax AS 3a Qualified dividends wthhair 4a IRAs, pensions, and annuities 5a Social Security benelite Standard deduction for 16 Tabal income. And lines through 5. Add any amount from Schedule 1. ine Taxable irrarest 000 b Ordinary dividends b Taxable amount Taxable amount 181,000 Singles ar Married filing Sparply $12.000 7 Adjusted groesincome. If you have no adjustments to income, enter the amount from line 6, otherwise, subtract Schedule 1 line 28, from lincs Standard deduction ar itemized deductions (fram Schedule A) 9 Dualan business inoma deducton sea instruction) 10 Taxable income. Subtract lines and 9 from line 7. If zero ar css, enter a 11 a Tak (sceinst.) check it any from 1. Fomis) 8814 2. rum 4972 181.000 10.000 4,000 159.000 10 Married flirg jointly or Qualifying widevier, $24.000 16 Sch. Bar b Add any amount from Schedule 2 and check here Head of househald. 12 a Child tax credit creditor other dependente $10.000 b Add any amourt from Schedule 3 and check here 13 Subirat lire 12 front lire 11. If zere or less, enter-0- 1 Oher taxes. Attach Schedule 1 If you checked any box 15 Total lax. Add lines 13 and 14 under Standard 18 Federal income tax withheld from Forms W-2 and 1099 deduction.se instructions 17 Rotunda la credits: a Fic son inst.) t F6 11 8963 . Add any amount om Schedules 18 AJJ line 16 und 17. These are your lulul parerile Refund 19 If line 18 is more than line 15, sutract Ine 15 fram line 16. This is the amount you ave paid 208 Amount of line 19 you want refunded to you. If Form 8383 is attached, check here Direct deposil? See b Ruuting number - Type: Checking insulins. Account number 21 Amount of line 19 you want applied to your 2019 estimated tax 22 Amount you be. Subtract line 18 from line 15. For details on how to pay, see instructions Amount You Owe 23 stil ux penally see instructions: Go to www.ir.qow Farm 1040 for instructions and the latest irformation. 0 181 1910 Savings 22 Farm 1040 12019) Required Information OMB No 1545-0074 2018 A rt S No. 01 N Your social number 111-11-1111 200 P 4,000 SCHEDULE 1 Additional Income and Adjustments to Income (Form 1010) Deoartrent of the Transar Attach t-om 1040 Internal Revenue Service Gotow .coeformtoto for instructions and the latest information esteho on FO 1019 John and Sandy Ferguson Additional 1-9 Reserved Income 10 Taxable relunds uredits cross of state and local met taxes 11 Allmony received 12 Business income a loss). Attach Schedule Cor CEZ 13 Captal pain or loss. Attach Schedule D frecured. If not required, checkhee 14 Other gains or losses. Attach For 4797 Reserved 16a Heserved 17 Rantal real estate, saties, partnerships corporations, trusts. ttc Attach Schedule 18 Farm income or loss). Attach Schedule F 1 Unemployment comparation 200 Reserved 21 Other income List type and amount 22 Carri ve units in un color. If you don't have an adjustments in there and include on Form 1040 Ined. Othersise oto line 23 Adjustments 23 FT to Income 24 Cartein business expenses of resevits, peromming artists. andree basis government officials. Attach Farm 2106 25 Haath savings account deduction Attach For BARN 26 Moving expenses for members of the armed forces. Attach Fom 3903 27 Deductible parti salf omployment tax Attach Schedule SF 26 Seremalayed SER SIMPLE, and qualifind plans 29 Seremployed hath insurans deduction 30 Pematy on eally with of savings 31a Alimony said Recipients SSN 222-22-2222 32 IRA deduction 33 Student loan interest deduction 34 Reserved 2. Raserved 36 Add lines 23 through For Paperwork Reduction Act Notice. See your tax return instructions. Cal. No. 71479 ell 181.000 4.200 10,000 Schedule 1 (Form 1040) 2018 Schedule 3 of Form 1040. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrefundable Credits OMB No. 1545-0074 2018 Attachment Sequence No. 03 SCHEDULE 3 (Form 1040) Department of the Treasury Attach to Form 1040. Internal Revenue Service Go to www.irs.gov/Form1040 for instructions and the latest information. Name(s) shown on Form 1040 John and Sandy Ferguson Nonrefundable 48 Foreign tax credit. Attach Form 1116 if required Credits 49 Credit for child and dependent care expenses. Attach Form 2441 50 Education credits from Form 8863, line 19 Your social security number 111-11-1111 48 49 7,700 50 51 Retirement savings contributions credit. Attach Form 8880 51 53 52 Reserved 52 53 Residential energy credit. Attach Form 5695 54 Other credits from Form a 3800 b 8801 54 55 Add the amounts in the far right column. Enter here and include on Form 1040, line 12 55 7,700 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 71480G Schedule 3 (Form 1040) 2018 THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 2019 McGraw-Hill Education. Form 6251 Alternative Minimum Tax-Individual OMB No. 1545-0074 2018 Department of the Treasury Go to www.irs.gov/Form6251 for instructions and the latest information. Internal Revenue Service (99) Altach to Form 1040 or Forri 1040NR. Altachment Sequence No. 32 Name(s) shown on Form 1040 or Form 1040NR Your social security number John and Sandy Ferguson Partl Alternative Minimum Taxable Income (See instructions for how to complete each line.) 1 Enter the amount from Form 1040, line 10, if more than Zero. If Form 1040, line 10, is zero, subtract lines 8 and 9 of Form 1040 from line 7 of Form 1040 and enter the result here. ilf less than zero, enter as a negative amount.) 2a If filing Schedule A (Form 1040), enter the taxes from Schedule A, line 7; otherwise, enter the amount from Form 1040, line 8 b Tax refund from Schedule 1 (Form 1010), line 10 or line 21 C Investment interest expense (difference between regular tax and AMT) d Depletion (Difference between regular tax and AMT) e Net operating loss deduction from Schedule 1 (Form 1040), line 21. Enter as a positive amount. f Alternative tax net operating loss deduction. 9 Interest from specified private activity bonds exempt from the regular lax h Qualifled small business stock, see instructions 1 Exercise of incentive stock options (excess of AMT income over regular tax income) Estates and trusts (amount from Schedule K-1 (Form 1041), box 12. code A) 2j k Disposition of property (Difference between AMT and regular tax gain or loss) 2k I Depreciation on assets placed in service after 1986 (Difference between regular tax and AMT) m Passive activities (difference between AMT and regular tax income or loss) n Loss limitations (difference between AMT and regular tax income or loss) O Circulation costs (difference between regular tax and AMT) p Long-term contracts (difference between AMT and regular tax income) 9 Mining costs (difference between regular tax and AMT) Research and experimental costs (difference between regular tax and AMT) s Income from certain installment sales before January 1, 1987 Intangible drilling costs preference 3 Other adjustments, including income-based related adjustments 4 Alternative minimum taxable income. Combine lines 1 through 3. (If married filing separately and line 4 is more than S718,800, see instructions.) Part II Alternative Minimum Tax (AMT) t 5 Part II Alternative Minimum Tax (AMT) 5 Exemption. (If you were under age 24 at the end of 2018, see instructions.) IF your filing status is... AND line 4 is not over... THEN enter on line 5... Single or head of household $ 500,000 70,300 Married filing jointly or qualifying widow(er) 1,000,000 109.400 Married filing separately 500,000 54,700 If line 4 is over the amount shown above for your filing status, see instructions. 6 Subtract line 5 from line 4. If more than zero, go to line 7. If zero or less, enter-O- here and on lines 7, 9, and 11, and go to line 10 7. If you are filing Form 2555 or 2555-EZ, see instructions for the amount to enter. If you reported capital gain distributions directly on Schedule 1 (Form 1040), line 13; you reported qualified dividends on Form 1040, line 3a; or you had a gain on both lines 15 and 16 of Schedule D (Form 1040) (as refigured for the AMT, if necessary), complete Part III on the back and enter the amount from line 40 here. All others: If line 6 is $191,100 or less ($95,550 or less if married filing separately), multiply line 6 by 26% (0.26). Otherwise, multiply line 6 by 28% (0.28) and subtract $3,822 ($1,911 if married filing separately) from the result. 7 000 8 Alternative minimum tax foreign tax credit (see instructions) 9 Tentative minimum tax. Subtract line 8 from line 7 10 Add Form 1040, line 11a (minus any tax from Form 4972), and Schedule 2 (Form 1040), line 46. Subtract from the result any foreign tax credit from Schedule 3 (Form 1040), line 48. If you used Schedule J to figure your tax on Form 1040, line 11a, refigure that tax without using Schedule J before completing this line (see instructions) 10 11 AMT. Subtract line 10 from line 9. IF zero or less, enter -O-. Enter here and on Schedule 2 (Form 1040), line 45 11 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 13600G Form 6251 (2018) come Tax Return i Help Save & Exit Submit --------- --- - - ---------- -------- --- - ---------- --------- -- Required information The following information applies to the questions displayed below.) . John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In 2019. John worked as a computer technician at a local university earning a salary of $152,000, and Sandy worked part-time as a receptionist for a law firm earning a salary of $29,000. John also cloes some Web design work on the side and reported revenues of $4.000 and associated expenses of $750. The Fergusons received $800 in qualified dividends and a $200 refund of their state income taxes. The Fergusons always itemize their deductions and their itemized deductions were well over the standard deduction amount last year. The Fergusons had qualifying insurance for purposes of the Affordable Care Act (ACA). Use Exhibit 8-9. Tax Rate Schedule. Dividends and Capital Gains Tax Rates for reference. The Fergusons reported making the following payments during the year: ..mmm.mmm State income taxes of $4.400. Federal tax withholding of $21,000. Alimony payments to John's former wife of $10,000 (divorced in 2014). Child support payments for John's child with his former wife of $4,100. . $12,200 of real property taxes. Sandy was reimbursed $600 for employee business expenses she incurred. She was required to provide documentation for her expenses to her employer. $3,600 to Kid Care day care center for Samantha's care while John and Sancy worked. $14,000 Interest on their home mortgage ($400.000 acquisition debt). $3,000 interest on a $40,000 home-equity loan. They used the loan to pay for a family vacation and new car $15.000 cash charitable contributions to qualified charities. . Donation of used furniture to Goodwill. The furniture had a fair market value of $400 and cost $2,000 endom a. What is the Fergusons' 2019 federal Income taxes payable or refund, including any self-employment tax and AMT, If applicable? (Round your intermediate computations to the nearest whole dollar amount.) Complete pages 1 and 2 of Form 1040 and Form 6251 for John and Sandy. John and Sandy Ferguson's address is 19010 N.W. 135th Street, Miami, FL 33054. Social security numbers: John: 111-11-1111 Sancy: 222-22-2222 Samantha : 333-33-3333 (Input all the values as positive numbers. Round your Intermediate calculations and final answers to the nearest whole dollar. Use 2019 tax rules regardless of year on tax form.) 1040 for a Head of household with one dependent. 1040 PG 1 1040 PG 2 Schedule 1 Schedule 3 Schedule 4 6251 PG 1 Page 1 of Form 1040. Use provided information and follow instructions on form. O 2018 CMD No. 1545-0074 Maried filing separately Head of household last names Fargrisen You were born before January 2, 1954 You are blind IRS Use Only - Dom write in uris space ullying witower Your social security number Citeras xxx-xx- x! 111-11-1111 | Deatment of the Treasury-Internal Revenue Service (99) Form 1040 | U.S. Individual Income Tax Return Single O r ied fling juilly Your first name and initial ohn Your Standard deduction: Borneone can daim you as a dependent It ont return, Spouse's first name and intial Sanity Spouse Standard deduction: Someone can claim your spouse as a depardent Spause is blind Home address number and street) If you have a PO box, see Instructions. 19010 NW. 135h Street Last name Spouves yorial security murber C et as XXX-XX- X! 222-22-2222 Ferguson Saouse was bom before Ianuary 2, 19:54 Sobuse itemizes in a separate ruum of you were dus-slatus alien Apt. no. Full-year health care coverage or exempt (90 instructions I Presidential Election Campaign (see Insti Presidential Election Campaign Required information see Inst.1 City, town or post office, state, and ZIP code. If you have a foreign address, attach Schedule 6. Spouse Miami, FL 33054. If more than four cependants, see inst. and here Dependents (see instructions): (2) Decendents social security number (Enter XKKU-xxxx! (3) Dependent's melationship in you 4) if child under age 17 qualifies for free inst.): Child tax credit. Credit for other Idependents (1) First name Last narc Samantha Ferguson 333-33-3333 Dauphler Sign Here Under penalties of perjury, I dec are that I have examined this retum and accompanying schedules and statements, and to the best of my knowledge and belief they are true, correct, and compete. Declaration of prepsrer (other than te payer is based on all information of which preparer has any knowledge Your signature Date Your occupation If the IRS sent you an Identity Protection PIN, enter it here seu inst. Joint return? See instructions, Keep a copy for your records. Spouse's signature. Il a joint return, both must sign. Spouse's occupation If the IRS eent you en Identity Protection PIN, enter it here (eee insi. Prinlype p are Preparer's signale PTIN Fun CIN Paid Prepaid Use only Check it: ard Party Designes Self complayed Firm's nama Phone no. Firm's address Form 1040 (2018) For Disclosure. Privacy Act and Paperwork Reduction Act Notice, see separate Instructions. Cal. No. 113200 THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 2019 McGraw-Hill Education. Required Information Page 2 of Form 1040. Some information does not carry over from Page 1. Form 1040 (2018) Page 2 181.000 1 Wages salaries, tips etc. Attach Fomisi V-2 Attach Forms W 2. Also hech Forms W2G and PA Tax exemptintamast 1000 Rifax AS 3a Qualified dividends wthhair 4a IRAs, pensions, and annuities 5a Social Security benelite Standard deduction for 16 Tabal income. And lines through 5. Add any amount from Schedule 1. ine Taxable irrarest 000 b Ordinary dividends b Taxable amount Taxable amount 181,000 Singles ar Married filing Sparply $12.000 7 Adjusted groesincome. If you have no adjustments to income, enter the amount from line 6, otherwise, subtract Schedule 1 line 28, from lincs Standard deduction ar itemized deductions (fram Schedule A) 9 Dualan business inoma deducton sea instruction) 10 Taxable income. Subtract lines and 9 from line 7. If zero ar css, enter a 11 a Tak (sceinst.) check it any from 1. Fomis) 8814 2. rum 4972 181.000 10.000 4,000 159.000 10 Married flirg jointly or Qualifying widevier, $24.000 16 Sch. Bar b Add any amount from Schedule 2 and check here Head of househald. 12 a Child tax credit creditor other dependente $10.000 b Add any amourt from Schedule 3 and check here 13 Subirat lire 12 front lire 11. If zere or less, enter-0- 1 Oher taxes. Attach Schedule 1 If you checked any box 15 Total lax. Add lines 13 and 14 under Standard 18 Federal income tax withheld from Forms W-2 and 1099 deduction.se instructions 17 Rotunda la credits: a Fic son inst.) t F6 11 8963 . Add any amount om Schedules 18 AJJ line 16 und 17. These are your lulul parerile Refund 19 If line 18 is more than line 15, sutract Ine 15 fram line 16. This is the amount you ave paid 208 Amount of line 19 you want refunded to you. If Form 8383 is attached, check here Direct deposil? See b Ruuting number - Type: Checking insulins. Account number 21 Amount of line 19 you want applied to your 2019 estimated tax 22 Amount you be. Subtract line 18 from line 15. For details on how to pay, see instructions Amount You Owe 23 stil ux penally see instructions: Go to www.ir.qow Farm 1040 for instructions and the latest irformation. 0 181 1910 Savings 22 Farm 1040 12019) Required Information OMB No 1545-0074 2018 A rt S No. 01 N Your social number 111-11-1111 200 P 4,000 SCHEDULE 1 Additional Income and Adjustments to Income (Form 1010) Deoartrent of the Transar Attach t-om 1040 Internal Revenue Service Gotow .coeformtoto for instructions and the latest information esteho on FO 1019 John and Sandy Ferguson Additional 1-9 Reserved Income 10 Taxable relunds uredits cross of state and local met taxes 11 Allmony received 12 Business income a loss). Attach Schedule Cor CEZ 13 Captal pain or loss. Attach Schedule D frecured. If not required, checkhee 14 Other gains or losses. Attach For 4797 Reserved 16a Heserved 17 Rantal real estate, saties, partnerships corporations, trusts. ttc Attach Schedule 18 Farm income or loss). Attach Schedule F 1 Unemployment comparation 200 Reserved 21 Other income List type and amount 22 Carri ve units in un color. If you don't have an adjustments in there and include on Form 1040 Ined. Othersise oto line 23 Adjustments 23 FT to Income 24 Cartein business expenses of resevits, peromming artists. andree basis government officials. Attach Farm 2106 25 Haath savings account deduction Attach For BARN 26 Moving expenses for members of the armed forces. Attach Fom 3903 27 Deductible parti salf omployment tax Attach Schedule SF 26 Seremalayed SER SIMPLE, and qualifind plans 29 Seremployed hath insurans deduction 30 Pematy on eally with of savings 31a Alimony said Recipients SSN 222-22-2222 32 IRA deduction 33 Student loan interest deduction 34 Reserved 2. Raserved 36 Add lines 23 through For Paperwork Reduction Act Notice. See your tax return instructions. Cal. No. 71479 ell 181.000 4.200 10,000 Schedule 1 (Form 1040) 2018 Schedule 3 of Form 1040. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrefundable Credits OMB No. 1545-0074 2018 Attachment Sequence No. 03 SCHEDULE 3 (Form 1040) Department of the Treasury Attach to Form 1040. Internal Revenue Service Go to www.irs.gov/Form1040 for instructions and the latest information. Name(s) shown on Form 1040 John and Sandy Ferguson Nonrefundable 48 Foreign tax credit. Attach Form 1116 if required Credits 49 Credit for child and dependent care expenses. Attach Form 2441 50 Education credits from Form 8863, line 19 Your social security number 111-11-1111 48 49 7,700 50 51 Retirement savings contributions credit. Attach Form 8880 51 53 52 Reserved 52 53 Residential energy credit. Attach Form 5695 54 Other credits from Form a 3800 b 8801 54 55 Add the amounts in the far right column. Enter here and include on Form 1040, line 12 55 7,700 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 71480G Schedule 3 (Form 1040) 2018 THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 2019 McGraw-Hill Education. Form 6251 Alternative Minimum Tax-Individual OMB No. 1545-0074 2018 Department of the Treasury Go to www.irs.gov/Form6251 for instructions and the latest information. Internal Revenue Service (99) Altach to Form 1040 or Forri 1040NR. Altachment Sequence No. 32 Name(s) shown on Form 1040 or Form 1040NR Your social security number John and Sandy Ferguson Partl Alternative Minimum Taxable Income (See instructions for how to complete each line.) 1 Enter the amount from Form 1040, line 10, if more than Zero. If Form 1040, line 10, is zero, subtract lines 8 and 9 of Form 1040 from line 7 of Form 1040 and enter the result here. ilf less than zero, enter as a negative amount.) 2a If filing Schedule A (Form 1040), enter the taxes from Schedule A, line 7; otherwise, enter the amount from Form 1040, line 8 b Tax refund from Schedule 1 (Form 1010), line 10 or line 21 C Investment interest expense (difference between regular tax and AMT) d Depletion (Difference between regular tax and AMT) e Net operating loss deduction from Schedule 1 (Form 1040), line 21. Enter as a positive amount. f Alternative tax net operating loss deduction. 9 Interest from specified private activity bonds exempt from the regular lax h Qualifled small business stock, see instructions 1 Exercise of incentive stock options (excess of AMT income over regular tax income) Estates and trusts (amount from Schedule K-1 (Form 1041), box 12. code A) 2j k Disposition of property (Difference between AMT and regular tax gain or loss) 2k I Depreciation on assets placed in service after 1986 (Difference between regular tax and AMT) m Passive activities (difference between AMT and regular tax income or loss) n Loss limitations (difference between AMT and regular tax income or loss) O Circulation costs (difference between regular tax and AMT) p Long-term contracts (difference between AMT and regular tax income) 9 Mining costs (difference between regular tax and AMT) Research and experimental costs (difference between regular tax and AMT) s Income from certain installment sales before January 1, 1987 Intangible drilling costs preference 3 Other adjustments, including income-based related adjustments 4 Alternative minimum taxable income. Combine lines 1 through 3. (If married filing separately and line 4 is more than S718,800, see instructions.) Part II Alternative Minimum Tax (AMT) t 5 Part II Alternative Minimum Tax (AMT) 5 Exemption. (If you were under age 24 at the end of 2018, see instructions.) IF your filing status is... AND line 4 is not over... THEN enter on line 5... Single or head of household $ 500,000 70,300 Married filing jointly or qualifying widow(er) 1,000,000 109.400 Married filing separately 500,000 54,700 If line 4 is over the amount shown above for your filing status, see instructions. 6 Subtract line 5 from line 4. If more than zero, go to line 7. If zero or less, enter-O- here and on lines 7, 9, and 11, and go to line 10 7. If you are filing Form 2555 or 2555-EZ, see instructions for the amount to enter. If you reported capital gain distributions directly on Schedule 1 (Form 1040), line 13; you reported qualified dividends on Form 1040, line 3a; or you had a gain on both lines 15 and 16 of Schedule D (Form 1040) (as refigured for the AMT, if necessary), complete Part III on the back and enter the amount from line 40 here. All others: If line 6 is $191,100 or less ($95,550 or less if married filing separately), multiply line 6 by 26% (0.26). Otherwise, multiply line 6 by 28% (0.28) and subtract $3,822 ($1,911 if married filing separately) from the result. 7 000 8 Alternative minimum tax foreign tax credit (see instructions) 9 Tentative minimum tax. Subtract line 8 from line 7 10 Add Form 1040, line 11a (minus any tax from Form 4972), and Schedule 2 (Form 1040), line 46. Subtract from the result any foreign tax credit from Schedule 3 (Form 1040), line 48. If you used Schedule J to figure your tax on Form 1040, line 11a, refigure that tax without using Schedule J before completing this line (see instructions) 10 11 AMT. Subtract line 10 from line 9. IF zero or less, enter -O-. Enter here and on Schedule 2 (Form 1040), line 45 11 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 13600G Form 6251 (2018)