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Complete Tsate's federal tax return for 2020. Use Form 1040-SR, Schedule A, Schedule B, Schedule D, Form 8949, the Qualified Dividends and Capital Gain Tax

Complete Tsate's federal tax return for 2020. Use Form 1040-SR, Schedule A, Schedule B, Schedule D, Form 8949, the Qualified Dividends and Capital Gain Tax Worksheet, and Form 6252, as needed, to complete this return. Make realistic assumptions about any any missing data.image text in transcribedimage text in transcribedimage text in transcribed

2. Tsate Kongia (birthdate 02/14/1954) is an unmarried high school principal. Tsate received the following tax documents: OR 1545 Farm e file 3. re 467901704 58-1357924 E OF Shawnee Mission School District 8200 W. 7101 Street Shawnee Mission, KS 66204 57000.00 B0.000.00 Vio 80,000.00 6.100.00 3.72000 A70.00 . 7 - OG 1 MB Foyevin Tale Kongia 212 Quivera Road Overland Park, KS 66210 Tot D 3,000,00 1 al 10 1d 1 rolete Soployer's anarber KS 34511DF 1- 16 S 17 Bure 57,000.00 1.200.00 com W-2 wage and Tax Statement 2020 Capy D-Te De WFD Textum. Thon being the one CORRECTED I checked Top PAYONG code Olarthe National Bank 1240 E. Santa Fe Sie Olathe, KS 66081 2020 Interest Income 205.61 For 1090-INT 2 Copy Per Recent NAVORSTIN RRETH 467-98-9784 SUS 44-1352469 Estoy RENTS Tsale Kongia Suding 212 Quivera Road Cortes, donde Overland Park, KS 66210 TRAVEL The powo Wis RB your 000 rence porro och you w thelles de both not be Theo 10 W And F 109 INT op for your records E.my.com CORREGED checked UR 4117.00 220 Dividends and Distributions w power Johnson Corporation 100 E. 49th Street New York, NY 10017 4,117.00 -ON Copy For fecipient ES 17-2468135 467.93-9784 Thor 0.00 FORUM Tae Kongs ng 212 Quiver Road IN MONO Overland Park, KS 6210 rebe MALOGY bond A 1315 Ders For-DV por outro During the year. Tsate paid the following amounts fall of which can be substantiated) Home mortgage interest reported on Form 1098 (not showny 89,600 KS state income tax payment for 2019 $500 MasterCard interest 550 Life insurance (whole life policy) 750 Property taxes on personal residence 1.500 Blue Cross medical insurance premiums 250 Other medical expenses 800 Income tax preparation fee 300 Charitable contributions (in cash) 750 Tsate's sole stock transaction was reported on a Fom 1099-B: JE CORRECTED tec 2020 Bus Exchange Proceeds from Broker and Traction Lino John Trading 128 Wal Street Now York, NY 10014 100)-B for 2 100 sh. Johnson Com OS Det 1213/2019 11/05/2020 how Go S 14.500.00 S 35,000.00 wer ST 11-0010011 FOOVENTO 452-98-9764 Copy Forint Tale Kong Logo 00 212 0 4 H' HAI Wind bes There Overland Park, KS 66210 . www.my dan cor Wal VO Mon 10900 ory do Lens On January 28, 2020, Tsate sold land for $180,000 (basis to Tsate of $130,000). The land was purchased 6 years ago as an investment. Tsate received $50,000 as a down payment and the buyer's 10-year note for $130,000. The note is payable at the rate of $13,000 per year plus 8 percent interest. On December 31, 2020, the first of the ten principal and interest payments was received by Tsate. Tsate also helps support his father, Jay Hawke, who lives in a nearby senior facil- ity. Jay's Social Security number is 433-33-2121. Tsate provides over one-half of Jay's support but Jay also has a pension that paid him income of $14,000 in 2020. His Social Security benefits were $3,200 in 2020. Tsate received a $1,200 EIP in 2020. Required: Complete Tsate's federal tax return for 2020. Use Form 1040-SR, Schedule A, Schedule B, Schedule D, Form 8949, the Qualified Dividends and Capital Gain Tax Worksheet, and Form 6252, as needed, to complete this tax return. Make realistic assumptions about any missing data. 2. Tsate Kongia (birthdate 02/14/1954) is an unmarried high school principal. Tsate received the following tax documents: OR 1545 Farm e file 3. re 467901704 58-1357924 E OF Shawnee Mission School District 8200 W. 7101 Street Shawnee Mission, KS 66204 57000.00 B0.000.00 Vio 80,000.00 6.100.00 3.72000 A70.00 . 7 - OG 1 MB Foyevin Tale Kongia 212 Quivera Road Overland Park, KS 66210 Tot D 3,000,00 1 al 10 1d 1 rolete Soployer's anarber KS 34511DF 1- 16 S 17 Bure 57,000.00 1.200.00 com W-2 wage and Tax Statement 2020 Capy D-Te De WFD Textum. Thon being the one CORRECTED I checked Top PAYONG code Olarthe National Bank 1240 E. Santa Fe Sie Olathe, KS 66081 2020 Interest Income 205.61 For 1090-INT 2 Copy Per Recent NAVORSTIN RRETH 467-98-9784 SUS 44-1352469 Estoy RENTS Tsale Kongia Suding 212 Quivera Road Cortes, donde Overland Park, KS 66210 TRAVEL The powo Wis RB your 000 rence porro och you w thelles de both not be Theo 10 W And F 109 INT op for your records E.my.com CORREGED checked UR 4117.00 220 Dividends and Distributions w power Johnson Corporation 100 E. 49th Street New York, NY 10017 4,117.00 -ON Copy For fecipient ES 17-2468135 467.93-9784 Thor 0.00 FORUM Tae Kongs ng 212 Quiver Road IN MONO Overland Park, KS 6210 rebe MALOGY bond A 1315 Ders For-DV por outro During the year. Tsate paid the following amounts fall of which can be substantiated) Home mortgage interest reported on Form 1098 (not showny 89,600 KS state income tax payment for 2019 $500 MasterCard interest 550 Life insurance (whole life policy) 750 Property taxes on personal residence 1.500 Blue Cross medical insurance premiums 250 Other medical expenses 800 Income tax preparation fee 300 Charitable contributions (in cash) 750 Tsate's sole stock transaction was reported on a Fom 1099-B: JE CORRECTED tec 2020 Bus Exchange Proceeds from Broker and Traction Lino John Trading 128 Wal Street Now York, NY 10014 100)-B for 2 100 sh. Johnson Com OS Det 1213/2019 11/05/2020 how Go S 14.500.00 S 35,000.00 wer ST 11-0010011 FOOVENTO 452-98-9764 Copy Forint Tale Kong Logo 00 212 0 4 H' HAI Wind bes There Overland Park, KS 66210 . www.my dan cor Wal VO Mon 10900 ory do Lens On January 28, 2020, Tsate sold land for $180,000 (basis to Tsate of $130,000). The land was purchased 6 years ago as an investment. Tsate received $50,000 as a down payment and the buyer's 10-year note for $130,000. The note is payable at the rate of $13,000 per year plus 8 percent interest. On December 31, 2020, the first of the ten principal and interest payments was received by Tsate. Tsate also helps support his father, Jay Hawke, who lives in a nearby senior facil- ity. Jay's Social Security number is 433-33-2121. Tsate provides over one-half of Jay's support but Jay also has a pension that paid him income of $14,000 in 2020. His Social Security benefits were $3,200 in 2020. Tsate received a $1,200 EIP in 2020. Required: Complete Tsate's federal tax return for 2020. Use Form 1040-SR, Schedule A, Schedule B, Schedule D, Form 8949, the Qualified Dividends and Capital Gain Tax Worksheet, and Form 6252, as needed, to complete this tax return. Make realistic assumptions about any missing data

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