Complete tax forms 1040, 8889, Schedule 1, Schedule A and Schedule B from the above information.

TEXT:

1. James Dangell (birthdate August 2, 1976) is a single taxpayer. Jims earnings and withholdings as the manager of a local casino for 2020 are reported on his Form W-2:

Jims other income includes interest on a savings account at Nevada National Bank of $13,700. Jim pays his ex-spouse, Sarah McLoughlin, $3,900 per month in accordance with their February 12, 2019 divorce decree. When their 12-year-old child (in the ex-wifes custody) reaches the age of 18, the payments are reduced to $2,800 per month. His ex-wifes Social Security number is 554-44-5555. In 2020, Jim purchased a new car and so he kept track of his sales tax receipts during the year. His actual sales tax paid is $3,650, which exceeds the estimated amount per the IRS tables. Jim participates in a high-deductible health plan and is eligible to contribute to a health savings account. His HSA earned $75 in 2020. During the year, Jim paid the following amounts (all of which can be substantiated):

Credit card interest $1,760

Auto loan interest 4,300

Auto insurance 900

Property taxes on personal residence 2,988

Contributions to HSA 2,000

Income tax preparation fee 900

Charitable contributions (all cash):

Boy Scouts 1,350

St. Matthews Church 3,100

Nevada Democratic Party 250

Fund-raising dinner for the Reno Auto Museum (value of dinner is $25) 100 In 2020,

Jim inherited over $500,000 from his Uncle Travis that died in 2020. Although Jim invested a large portion, he also contributed $125,000 cash to the newly named Travis School of Criminal Justice at the University of Reno. Jim also received the following Form 1098:

Required: Complete Jims federal tax return for 2020. Use Form 1040, Schedule 1, Schedule A, Schedule B, and Form 8889 to complete this tax return. Make realistic assumptions about any missing data.

NOTE: There should be two pictures attached.

Group 4: Comprehensive Problems 1. James Dangell (birthdate August 2, 1976) is a single taxpayer Jim's earnings and withholdings as the manager of a local casino for 2020 are reported on his Form W-2: TV 556.04.1955 Tad 31-1469650 layers Lucky Ace Casino 700 N. Sierra Street Reno, NV 89503 OMG CASTING CASTO... ce-tilom TWO le 192.000.00 24,500.00 Sep 43 137,700.00 8.537.40 5 MB Maletas 200,000.00 2,900.00 ? Liecte dupa de UTCA Lax Honlar Employee James Dangell 911 Pair Blvd Reno, NV 89512 1 | Deportes bereits 2 otalar bor 1: DI 8.000.00 jate W1.200.00 ! * 18 tople' 6 Layer NVI S17 19 Local Pages, te lewe Lily W-2 wage and Tan Statement Copy W-To Finland's FEDERAL Taur The anis bangun dio erdarul Hewan MA 2020 Citry--Rene Jim's other income includes interest on a savings account at Nevada National Bank of $13.700. Jim pays his ex-spouse, Sarah McLoughtin, $3,900 per month in accordance with their February 12, 2019 divorce decree. When their 12-year-old child in the ex-wife's custody) reaches the age of 18, the payments are reduced to $2,800 per month. His ex-wife's Social Security number is 554-44-5555. In 2020, Jim purchased a new car and so he kept track of his sales tax receipts during the year. His actual sales tax paid is $3,650, which exceeds the estimated amount per the IRS tables, Jim participates in a high-deductible health plan and is eligible to contribute to a health savings account. His HSA earned S75 in 2020. During the year, Jim paid the following amounts (all of which can be substantiated): Credit card interest $1,760 Auto loan interest 4,300 Auto insurance 900 Property taxes on personal residence 2,988 Contributions to HSA 2,000 Income tax preparation fee 900 Charitable contributions (all cash). Boy Scouts 1.350 St. Matthews Church 3,100 Nevada Democratic Party 250 Fund-raising dinner for the Reno Auto Museum (value of dinner is $25) 100 Jim also received the following Form 1098: 2020 Mortgage Intorost Statement D CORRECTED U checked FECIPITI MENEHRONE street address, Gyer har 'CautionThe much To 12-TO produce country, DP or foreign poslode, and telephane potte Midly want is Reno Savings & Loan and the colorated the . secepat marah Alam 49 Commerce Street y dla er landby Reno, NV 89501 ypaty you andnu lored by Moherpen Form 1998 Warlige pe interest recadiram paveratorer $ 18.888.78 FECRENT SLONDER'S TIN PAYERWCAPOWERSTI 2 Outstanding mortgage 3 Mortgage orgaon date principal 33-1234569 555-94-9358 1 592,355 15 Mar 3, 2004 Peld of paid 5 Mortgage rane hieront | | PAYER CRROWEPO nary $ $ James Danget 6 Peints pidon purchase of principalesider $ Street dancluding al na address of property securing mortgage the same as PAYERS/BORROWERS address the box checked. 911 Parr Boulevard the address or describen is miered inbox 8. Cite arloan, state or province, country and Polign postal code Address or descriptor el property sewing mongete int) Reno, NV 89512 Copy B For Payer/ Bontower Thenfumus no 1 through indisporu woman walang hetone Ryu Yerusalem, reg gercepty or other madonnabendon youth AS de hiduprimeix result because you Ved deduction for tris mortgage Terrari, attr Doda. y departe und ditut bo because you do hondech 14 Moriguo as it son date Number of properties cecuing to other Mortgage 1 Account numbers inution Form 1008 Keep for your records wer irgive mi 038 Department at the free internal Revenue Serice Required: Complete Jim's federal tax return for 2020. Use Form 1040, Schedule 1, Schedule A. Schedule B, and Form 8889 to complete this tax return. Make realistic assumptions about any missing data. Group 4: Comprehensive Problems 1. James Dangell (birthdate August 2, 1976) is a single taxpayer Jim's earnings and withholdings as the manager of a local casino for 2020 are reported on his Form W-2: TV 556.04.1955 Tad 31-1469650 layers Lucky Ace Casino 700 N. Sierra Street Reno, NV 89503 OMG CASTING CASTO... ce-tilom TWO le 192.000.00 24,500.00 Sep 43 137,700.00 8.537.40 5 MB Maletas 200,000.00 2,900.00 ? Liecte dupa de UTCA Lax Honlar Employee James Dangell 911 Pair Blvd Reno, NV 89512 1 | Deportes bereits 2 otalar bor 1: DI 8.000.00 jate W1.200.00 ! * 18 tople' 6 Layer NVI S17 19 Local Pages, te lewe Lily W-2 wage and Tan Statement Copy W-To Finland's FEDERAL Taur The anis bangun dio erdarul Hewan MA 2020 Citry--Rene Jim's other income includes interest on a savings account at Nevada National Bank of $13.700. Jim pays his ex-spouse, Sarah McLoughtin, $3,900 per month in accordance with their February 12, 2019 divorce decree. When their 12-year-old child in the ex-wife's custody) reaches the age of 18, the payments are reduced to $2,800 per month. His ex-wife's Social Security number is 554-44-5555. In 2020, Jim purchased a new car and so he kept track of his sales tax receipts during the year. His actual sales tax paid is $3,650, which exceeds the estimated amount per the IRS tables, Jim participates in a high-deductible health plan and is eligible to contribute to a health savings account. His HSA earned S75 in 2020. During the year, Jim paid the following amounts (all of which can be substantiated): Credit card interest $1,760 Auto loan interest 4,300 Auto insurance 900 Property taxes on personal residence 2,988 Contributions to HSA 2,000 Income tax preparation fee 900 Charitable contributions (all cash). Boy Scouts 1.350 St. Matthews Church 3,100 Nevada Democratic Party 250 Fund-raising dinner for the Reno Auto Museum (value of dinner is $25) 100 Jim also received the following Form 1098: 2020 Mortgage Intorost Statement D CORRECTED U checked FECIPITI MENEHRONE street address, Gyer har 'CautionThe much To 12-TO produce country, DP or foreign poslode, and telephane potte Midly want is Reno Savings & Loan and the colorated the . secepat marah Alam 49 Commerce Street y dla er landby Reno, NV 89501 ypaty you andnu lored by Moherpen Form 1998 Warlige pe interest recadiram paveratorer $ 18.888.78 FECRENT SLONDER'S TIN PAYERWCAPOWERSTI 2 Outstanding mortgage 3 Mortgage orgaon date principal 33-1234569 555-94-9358 1 592,355 15 Mar 3, 2004 Peld of paid 5 Mortgage rane hieront | | PAYER CRROWEPO nary $ $ James Danget 6 Peints pidon purchase of principalesider $ Street dancluding al na address of property securing mortgage the same as PAYERS/BORROWERS address the box checked. 911 Parr Boulevard the address or describen is miered inbox 8. Cite arloan, state or province, country and Polign postal code Address or descriptor el property sewing mongete int) Reno, NV 89512 Copy B For Payer/ Bontower Thenfumus no 1 through indisporu woman walang hetone Ryu Yerusalem, reg gercepty or other madonnabendon youth AS de hiduprimeix result because you Ved deduction for tris mortgage Terrari, attr Doda. y departe und ditut bo because you do hondech 14 Moriguo as it son date Number of properties cecuing to other Mortgage 1 Account numbers inution Form 1008 Keep for your records wer irgive mi 038 Department at the free internal Revenue Serice Required: Complete Jim's federal tax return for 2020. Use Form 1040, Schedule 1, Schedule A. Schedule B, and Form 8889 to complete this tax return. Make realistic assumptions about any missing data