Complete Form 1040, Schedule 1, Schedule A, and Schedule B

Tax Return Scenario Please complete the 2018 federal income tax return for Bob and Melissa Grant. Ignore the requirement to attach the form(s) W-2 to the front page of the Form 1040. If required information is missing, use reasonable assumptions to fill in the gaps. Bob (age 43) and Melissa (age 43) Grant are married and live in Lexington, Kentucky. The Grants have two children: Jared, age 15, and Alese, age 12. The Grants would like to file a joint tax return for the year. The following information relates to the Grants' tax year: .Bob's Social Security number is 987-45-1235 Melissa's Social Security number is 494-37-4893 Jared's Social Security number is 412-32-5690 . Alese's Social Security number is 412-32-6940 The Grants' mailing address is 95 Hickory Road, Lexington, Kentucky 40502 Jared and Alese are tax dependents for federal tax purposes Bob Grant's Forms W-2 provided the following wages and withholding for the year: Gros WagesFedera Income Tax Employer State Income Tax Withholding Withholding $66,200 $3,750 $8,000 National Storage $4,710 Lexington Little League Melissa Grant's Form W-2 provided the following wages and withholding for the year: s Federal Income Tax Withholding $5,450 State Income Tax Withholding $2,225 Gross Wages Employer $44,500 Jensen Photography All applicable and appropriate payroll taxes were withheld by the Grants' respective employers. All the Grant family was covered by minimum essential health insurance during each month in 2018. The insurance was provided by Bob's primary employer, National Storage. The Grants also received the following during the year: $130 $450 Interest income from First Kentucky Bank Interest income from City of Lexington, KY Bond Interest income from U.S. Treasury Bond Interest income from Nevada State School Board Bond Workers' compensation payments to Bob Disability payments received by Bob due to injury 675 $150 $4,350 $3,500 National Storage paid 100% of the premiums on the policy and included the premium payments in Bob's taxable wages * Melissa received the following payments due to a lawsuit she filed for damages sustained in a car accident $2,500 Medical Expenses for physical injuries Emotional Distress (from having been physically injured) $12,000 $10,000 $24,500 . Punitive Damages Total Eight years ago, Melissa purchased an annuity contract for $88,000. She received her first annuity payment on January 1, 2018. The annuity will pay Melissa $15,000 per year for ten years (beginning with this year). The $15,000 payment was reported to Melissa on Form 1099-R for the current year (box 7 contained an entry of "7" on the form). The Grants did not own, control or manage any foreign bank accounts nor were they grantors or beneficiaries of a foreign trust during the tax year. id or incurred the following expenses during the year: The Grants pai Dentist/Orthodontist (unreimbursed by insurance) Doctor fees (unreimbursed by insurance) 10,500 2,625 $ 1,380 Prescriptions (unreimbursed by insurance) ability KY state tax payment made on 4/15/18 for 2017 tax return liability KY state income taxes withheld during 2018 5 $ 5,975 Real property taxes on residence Vehicle registration fee based upon age of vehicle Mortgage interest on principal residence 3,800 1,250 $ 18,560 Interest paid on borrowed money to purchase the City of Lexington, KY municipal bonds 400 interest paid on borrowed money to purchase U.S. Treasury bonds 240 $1,000 $2,500 6,000 $200 Contribution to the Red Cross Contribution to Senator Rick Hartley's Re-election Campaign Contribution to First Baptist Church of Kentucky Fee paid to Jones & Company, CPAs for tax preparation in addition, Bob drove 6,750 miles commuting to work and Melissa drove 8,230 miles commuting to work. The Grants have represented to you that they maintained careful logs to support their respective mileage. The Grants drove 465 miles in total to receive medical treatment at a hospital in April. The Grants both want to contribute to the Presidential Election Campaign Fund. The Grants would like to receive a refund (if any) of any tax they may have overpaid for the year. Their preferred method of receiving the refund is by check Tax Return Scenario Please complete the 2018 federal income tax return for Bob and Melissa Grant. Ignore the requirement to attach the form(s) W-2 to the front page of the Form 1040. If required information is missing, use reasonable assumptions to fill in the gaps. Bob (age 43) and Melissa (age 43) Grant are married and live in Lexington, Kentucky. The Grants have two children: Jared, age 15, and Alese, age 12. The Grants would like to file a joint tax return for the year. The following information relates to the Grants' tax year: .Bob's Social Security number is 987-45-1235 Melissa's Social Security number is 494-37-4893 Jared's Social Security number is 412-32-5690 . Alese's Social Security number is 412-32-6940 The Grants' mailing address is 95 Hickory Road, Lexington, Kentucky 40502 Jared and Alese are tax dependents for federal tax purposes Bob Grant's Forms W-2 provided the following wages and withholding for the year: Gros WagesFedera Income Tax Employer State Income Tax Withholding Withholding $66,200 $3,750 $8,000 National Storage $4,710 Lexington Little League Melissa Grant's Form W-2 provided the following wages and withholding for the year: s Federal Income Tax Withholding $5,450 State Income Tax Withholding $2,225 Gross Wages Employer $44,500 Jensen Photography All applicable and appropriate payroll taxes were withheld by the Grants' respective employers. All the Grant family was covered by minimum essential health insurance during each month in 2018. The insurance was provided by Bob's primary employer, National Storage. The Grants also received the following during the year: $130 $450 Interest income from First Kentucky Bank Interest income from City of Lexington, KY Bond Interest income from U.S. Treasury Bond Interest income from Nevada State School Board Bond Workers' compensation payments to Bob Disability payments received by Bob due to injury 675 $150 $4,350 $3,500 National Storage paid 100% of the premiums on the policy and included the premium payments in Bob's taxable wages * Melissa received the following payments due to a lawsuit she filed for damages sustained in a car accident $2,500 Medical Expenses for physical injuries Emotional Distress (from having been physically injured) $12,000 $10,000 $24,500 . Punitive Damages Total Eight years ago, Melissa purchased an annuity contract for $88,000. She received her first annuity payment on January 1, 2018. The annuity will pay Melissa $15,000 per year for ten years (beginning with this year). The $15,000 payment was reported to Melissa on Form 1099-R for the current year (box 7 contained an entry of "7" on the form). The Grants did not own, control or manage any foreign bank accounts nor were they grantors or beneficiaries of a foreign trust during the tax year. id or incurred the following expenses during the year: The Grants pai Dentist/Orthodontist (unreimbursed by insurance) Doctor fees (unreimbursed by insurance) 10,500 2,625 $ 1,380 Prescriptions (unreimbursed by insurance) ability KY state tax payment made on 4/15/18 for 2017 tax return liability KY state income taxes withheld during 2018 5 $ 5,975 Real property taxes on residence Vehicle registration fee based upon age of vehicle Mortgage interest on principal residence 3,800 1,250 $ 18,560 Interest paid on borrowed money to purchase the City of Lexington, KY municipal bonds 400 interest paid on borrowed money to purchase U.S. Treasury bonds 240 $1,000 $2,500 6,000 $200 Contribution to the Red Cross Contribution to Senator Rick Hartley's Re-election Campaign Contribution to First Baptist Church of Kentucky Fee paid to Jones & Company, CPAs for tax preparation in addition, Bob drove 6,750 miles commuting to work and Melissa drove 8,230 miles commuting to work. The Grants have represented to you that they maintained careful logs to support their respective mileage. The Grants drove 465 miles in total to receive medical treatment at a hospital in April. The Grants both want to contribute to the Presidential Election Campaign Fund. The Grants would like to receive a refund (if any) of any tax they may have overpaid for the year. Their preferred method of receiving the refund is by check