Danae Coleman is single and lives at 5411 Melbourne Avenue, Chicago, IL 60455. She is a supervisor and her SSN is 412-34-5670. Using the following information, complete her tax return for 2020:

She also has received interest from a 1099-INT of $2,510 from Asha Corporation Bank and a dividend from a Form 1099-DIV of $2,389 in ordinary dividends received from Mint brokerage, of which $1,963 are considered qualified dividends.

Danae received a gift of 2,000 shares of FNP Incorporated stock from her Aunt Jane on January 19, 2020. The basis of the shares to Aunt Jane was $4,300, and they had an FMV of $4,600 on the date of the gift. Aunt Jane purchased the stock on December 30, 2018. On June 30, 2020, Danae sold all the shares for $6,000.

Danae is an avid stamp collector and purchased a rare stamp on March 20, 2010, for $4,000. She sold the stamp for $6,000 on April 8, 2020.

Required:

Prepare Form 1040 and all related schedules, forms, and worksheets for 2020. Danae does not donate to the presidential election campaign. Danae is a manager at Kimber Company and had qualifying health care coverage at all times during the tax year. (Indicate losses with minus sign and enter all other values as positive amounts. Round your final answers to nearest whole dollar.)

Use the appropriate Tax Tables and Tax Rate Schedules.

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$ 90,000 5,580 1,305 16,300 2,700 Kimber Company W-2: Gross Social security tax Medicare tax Federal withholding tax State withholding tax Lee Company W-2: Gross Social security tax Medicare tax Federal withholding tax State withholding tax Danae has the following itemized deductions: Real estate tax Mortgage interest Charitable contributions Danae has the following investments: 1999-INT 1099-DIV Ordinary dividends Qualified dividends Capital gain distribution 2019 short-term loss carryover $ 22,500 1,395 326 2,300 600 $ 7,633 8,445 3,000 $ 2,510 2,389 1,963 4,711 (1,000) Apt no. Home address (number and street). If you have a PO box, see instructions 5411 Melbourne Avenue City, town, or post office. If you have a foreign address, also complete spaces below. Chicago, IL 60455 Foreign country name Foreign province, state/county Presidential Election Campaign Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change your tax or refund You Spouse Foreign postal code At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? Yes No Standard Someone can claim: You as a dependent Your spouse as a dependent Deduction Spouse itemizes on a separate return or you were a dual-status alien Age/Blindness You: Were born before January 2, 1956 Are blind Spouse: Was born before January 2, 1958 Is blind Dependents (see instructions): (2) Social security number (4) Vif qualities for (see (3) Relationship to you instructions: Credit for other If more than four (1) First name Last name (Enter as X-10%-100%) Child tax credit dependents dependents, see instructions and check here 112.500 2,510 2,389 7.411 124,810 1 Wages, salaries, tips, etc. Attach Form(s) W-2 1 Attach Sch. BH 2a Tax-exempt interest 2a b Taxable interest 2b required. 3a Qualified dividends 3a 1.963 b Ordinary dividends 3b 4a RA distributions 4a b Taxable amount 4b Sa Pensions and annuities 5a b Taxable amount 5b 6a Social security benefits 6a b Taxable amount 6b 7 Capital gain or loss). Attach Schedule D if required. If not required, check here 7 8 Other income from Schedule 1, line 9 8 9 Add lines 1, 2, 3, 4, 5b, 8b, 7 and 8. This is your total income 9 Standard Deduction for 10 Adjustments to income Single or Married filing a From Schedule 1, line 22 10a separately $12.400 b Charitable contributions if you take the standard deduction See instructions 10b Married filing jointly or cAdd lines 103 and 10b. These are your total adjustments to income 10c Qualifying widowier), 11 Subtract line 10c from line 0. This is your adjusted gross income 11 $24.800 . Head of 12 Standard deduction or itemized deductions (from Schedule A) 12 household, $18.650 13 Qualified business income deduction. Attach Form 3995 or Form 8995-A 13 . If you checked any box under Standard 14 14 Add lines 12 and 13 Deduction, see 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter -- 15 instructions. Cat. No For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. 113209 THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM IT SELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 2021 McGraw-Hill Education. 0 124,810 21,445 21,445 103,365 Form 1040 (2020) 1040 PGA: 1040 PG 2 > CUID PG1 PG2 PG 2 MOINS Worksheet PG1 PG2 Page 2 of Form 1040. Some information does not carry over from Page 1. Form 1040 (2020) Page 2 16 18.887 17 18 18.887 19 20 21 0 22 18.887 23 24 18.887 25a 18.000 25b 25c 18.800 25d 26 If you have a qualifying child attach Sch. EIC. If you have nontaxable combat pay, see instructions 412-34- Danae Coleman 5870 16 Tax (see instructions). Check it any from Form(s): (1) 8814 (2) 4972 13) 17 Amount from Schedule 2 line 3 18 Add lines 16 and 17 19 Child tax credit or credit for other dependents 20 Amount from Schedule 3, line 7 21 Add lines 19 and 20 22 Subtract line 21 from line 18. If zero or less, enter-O- 23 Other taxes, including self-employment tax, from Schedule 2, line 10 24 Ads lines 22 and 23. This is your total tax 25 Federal income tax withheld from: a Form(s) W-2 b Form(s) 1090 c Other forms (see instructions) d Add lines 25a through 250 26 2020 estimated tax payments and amount applied from 2019 return 27 Earned income credit (EIC) 28 Additional child tax credit. Attach Schedule 8812 29 American opportunity credit from Form 8863, line 8 30 Recovery rebate credit. See instructions 31 Amount from Schedule 3, line 13 32 Add lines 27 through 31. These are your total other payments and refundable credits 33 Add lines 25d. 28, and 32. These are your total payments 34 If line 33 is more than line 24. subtract line 24 from line 33. This is the amount you overpaid 35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here Routing number c Type: Checking d Account number 36 Amount of line 34 you want applied to your 2021 estimated tax 37 Subtract line 33 from line 24. This is the amount you owe now Note: Schedule H and Schedule SE filers, line 37 may not represent all of the taxes you owe for 2020. See Schedule 3, line 12e, and its instructions for details. 38 Estimated tax penalty (see instructions) Do you want to allow another person to discuss this return with the IRS? See instructions 27 28 29 30 31 32 0 33 18.800 34 18.887 X Refund 35a 18.887 Savings Direct deposit? See instructions 36 1 37 Amount You Owe For details on how to pay, see instructions Third Party Designee 38 I Yes. Complete below. On No Designee's Personal identification Phone no. name 1040 PG 1 1040 PC Schedule A Schedule B PG1 PG2 PG 2 Rate Gain Worksheet Worksheet PG1 Worksheet PG2 OMB No. 1545-0074 2020 Attachment Sequence No. 07 Your social security number 412-34-5870 Schedule A of Form 1040. SCHEDULE A (Form 1040) Itemized Deductions Go to www.irs.gov/ScheduleA for instructions and the latest information Department of the Treasury Attach to Form 1040 or 1040-SR. Internal Revenue Service (99) Caution: If you are claiming a net qualified disaster loss on Form 4884 see the instructions for line 16 Name(s) shown on Form 1040 or 1040-SR Danae Coleman Medical Caution: Do not include expenses reimbursed or paid by others and 1 Medical and dental expenses (see instructions) Dental 2 Enter amount from Fom 1040 or 1040- 2 Expenses SR, line 11 3 Multiply line 2 by 7.5% (0.075) 3 4 Subtract line 3 from line 1. If line 3 is more than line 1. enter-O- Taxes 5 State and local taxes You a State and local income taxes or general sales taxes. You may Paid include either income taxes or general sales taxes on line 5a, but not both. If you elect to include general sales taxes instead of income taxes check this box 5a 3.300 b State and local real estate taxes (see instructions) 5b 7,633 c State and local personal property taxes 5c d Add lines 5a through 50 5d 10,933 e Enter the smaller of line 5d or $10.000 ($5,000 if married filing 5e separately) 10.000 6 Other taxes. List type and amount 7 10,000 Interest You Paid 7 Add lines 5e and 6 8 Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions and check this box a Home mortgage interest and points reported to you on Form 1098. See instructions if limited b Home mortgage interest not reported to you on Form 1098. See instructions if limited. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no. and address 8a 8.445 Caution: Your mortgage interest deduction may be limited (see instructions). 8b 8c 8d 8e 8,445 c Points not reported to you on Form 1098. See instructions for special rules d Mortgage insurance premiums (see instructions) e Add lines 8a through Sd 9 Investment interest. Attach Form 4952 if required. See instructions 10 Add lines 8e and 9 11 Gifts by cash or check. If you made any gift of S250 or more, see instructions 12 Other than by cash or check. If you made any gift of S250 or 9 10 8.445 11 3,000 Gifts to Charity Worksheet PG2 Interest and Ordinary Dividends OMB No. 1545-0074 2020 1040 PG 1 1040 PG 2 Schedule A Schedule B Rate Gain Worksheet PG1 PG2 PG 2 Worksheet PG1 Schedule B of Form 1040. SCHEDULEB (Form 1040) Department of the Treasury Go to www.irs.gov/Schedule for instructions and the latest information. Internal Revenue Service (99) Attach to Form 1040 or 1040-SR. Name(s) shown on return Danae Coleman Part 1 1 List name of payer. If any interest is from a seller-financed mortgage and the buyer used the property as a personal Interest residence, see the instructions and ist this interest first. Also, show that buyer's social security number and address Asha Corporation Bank (See instructions and the instructions for Forms 1040 and 1040-SR line 2b.) Attachment Sequence No. 08 Your social security number 412-34-5870 Amount 2.510 Note: If you received a Form 1099-INT.Form 1099-OID, or substitute statement from a brokerage firm list the firm's name as the payer and enter the total interest shown on that form 2 2.510 WN 2 Add the amounts on line 1 3 Excludable interest on series EE and I U.S. savings bonds issued after 1989. Attach Form 8815 4 Subtract line 3 from line Enter the result here and on Form 1040 or 1040-SR, line 2b Note: If line 4 is over $1,500. you must complete Part III: 5 List name of payer Mint brokerage 2,510 Amount 2.389 > Part 11 Ordinary Dividends 5 (See instructions and the instructions for Forms 1040 and 1040-SR line 3b.) Note: If you received a Form 1099-DIV or substitute statement from a brokerage firm list the firm's name as the payer and enter the ordinary dividends shown on that form. 6 2.389 Part III 6 Add the amounts on line 5. Enter the total here and on Form 1040 or 1040-SR, line 3 Note: If ine 6 is over $1,500, you must complete Part III. You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends: (b) had a foreign account; or (c) received a distribution form, or were a grantor of, or a transferor to a foreign trust. 7a At any time during 2020, did you have a financial interest in or signature authority over a financial account such as a bank account, securities account, or brokerage account) located in a foreign country? See instructions Yes NO Foreign Accounts and Trusts Caution: If muimd friburn If'Yes." are you required to file FinCEN Form 114. Report of Foreign Bank and Financial Accounts (FBAR), formerly TO F 90-22.1 to report that financial interest or signature authority? See Finen Form 114 and its instructions for filing 2020 Schedule D Page 1 of Form 1040. SCHEDULED Capital Gains and Losses OMB No. 1545-0074 (Form 1040) Attach to Form 1040, 1040-SR, or 1040-NR. Department of the Treasury Go to www.irs.gov/Scheduled for instructions and the latest information. Intemal Revenue Service (99) Use Form 8949 to list your transactions for lines 1b, 2, 3, 86, 9, and 10. Attachment Sequence No. 12 Name(s) shown on return Your social security number Danae Coleman 412-34-5670 Did you dispose of any investment(s) in a qualified opportunity fund during the tax year? Yes No If "Yes" attach Form 8949 and see its instructions for additional requirements for reporting your gain or loss. Parti Short-Term Capital Gains and LossesGenerally Assets Held One Year or Less (see instructions) See instructions for how to figure the amounts to enter on the lines (9) Adjustments below (d) Proceeds (e) Cost (or other to gain or loss (h) Gain or loss). Subtract column (e) from (sales price basis) This form may be easier to complete if you round off cents to whole from Form(s) column (d) and combine the result with 8949, Part 1, line column (9) dollars 2. columna 1a Totals for all short-term transactions reported on Form 1099-8 for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 16 0 1b Totals for all transactions reported on Form(s) 8949 with Box A checked 0 2 Totals for all transactions reported on Forms) 8949 with Box B checked 0 3 Totals for all transactions reported on Form(s) 8949 with Box C checked 0 4 Short-term gain from Form 6252 and short-term gain or loss) from Forms 4884, 6781, and 8824 4 5 Net short-term gain or loss) from partnerships. S corporations, estates, and trusts from Schedule(s) K-1 S 5 6 Short-term capital loss carryover Enter the amount, if any, from line 8 of your Capital Loss Carryover Worksheet in the instructions (Enter as negative) 6 (1,000) 7 Net short-term capital gain or loss). Combine lines 1a through 8 in column (h). If you have any long-term capital gains or losses, go to Part 11 below. Otherwise, go to Part III on page 2 7 (1.000) Part II Long-Term Capital Gains and Losses-Generally Assets Held More Than One Year (see instructions) See instructions for how to figure the amounts to enter on the fines (9) Adjustments below. (d) Proceeds (e) Cost or other to gain or loss (h) Gain or (loss). Subtract column (e) from from Form(s) (sales price) column (d) and combine the result with This form may be easier to complete if you round off cents to whole basis 8949, Part II, line column (9) dollars. 2, column() 8a Totals for all long-term transactions reported on Form 1090-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 8b 0 8b Totals for all transactions reported on Form(s) 8949 with Box D 0 checked 9 Totals for all transactions reported on Form(s) 8949 with Box E checked 0 10 Totals for all transactions reported on Form(s) 8049 with Box F 0 checked 11 Gain from Form 4797, Part : long-term gain from Forms 2439 and 6252: and long-term gain or loss) from Forms 4884, 6781, and 8824 11 12 Net long-term gain or loss) from partnerships. S corporations, estates and trusts from Schedule(s) K-1 12 13 Capital gain distributions. See the instructions 13 4,711 14 Long-term capital loss carryover. Enter the amount, if any, from line 13 of your Capital Loss Carryover Worksheet in the instructions (Enter as negative) 14 15 Net long-term capital gain or loss). Combine lines Ba through 14 in column (h). Then go to Part III on page 2 15 4,711 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 11338H Schedule D Form 1040) 2020 Tous SinCUIES. Answer is complete but not entirely correct. 1040 for a Single taxpayer with no dependents. 28 percent Tax Schedule D Schedule D Tax 1040 PG 1 1040 PG 2 Schedule A Schedule B Form 8949 Worksheet PG1 Worksheet PG2 Rate Gain PG 2 Worksheet PG1 PG2 Schedule D Page 2 of Form 1040. Schedule D Form 1040) 2020 Danae Coleman 412-34-5670 Page 2 Part III Summary 16 Combine lines 7 and 15 and enter the result 16 18.887 X If line 16 is a gain, enter the amount from line 16 on Form 1040. 1040-SR, or 1040-NR. line 7. Then, go to line 17 below. if line 16 is a loss, skip lines 17 through 20 below. Then go to line 21. Also be sure to complete line 22. If line 18 is zero, skip lines 17 through 21 below and enter -- on Form 1040,1040-SR, or 1040-NR. line 7. Then, go to line 22. 17 Arelines 15 and 16 both gains? Yes. Go to line 18 No. Skip lines 18 through 21, and go to line 22 18 If you are required to complete the 28% Rate Gain Worksheet (see instructions), enter the amount, i any, from line 7 of that worksheet 18 1.000 19 If you are required to complete the Unrecaptured Section 1250 Gain Worksheet (see instructions), enter the amount, if any, from line 13 of that worksheet 20 Are Ines 18 and 19 both zero or blank? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Forms 1040 and 1040-SR, line 123 (or in the instructions for Form 1040-NR, Iine 10). Don't complete lines 21 and 22 below. No. Complete the Schedule D Tax Worksheet in the instructions. Don't complete lines 21 and 22 below. 21 If line 18 is a loss, enter here and on Form 1040 1040-SR, or 1040-NR, fine 7, the smaller of The loss on line 16; or (Enter as - ($3,000), or if married filing separately. (51.500) negative) 21 Note: When figuring which amount is smaller, treat both amounts as positive numbers. 22 Do you have qualified dividends on Form 1040, 1040-SR, or 1040-NR. line 3a? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Forms 1040 and 1040-SR, line 16. No. Complete the rest of Form 1040, 1040-SR or 1040-NR. Schedule D (Form 1040) 2020 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. 2021 McGraw-Hill Education 19 Schedule D PG1 Form 8949 PG 2 > CUTED PG1 PG2 PG 2 Worksheet PG1 PG2 Form 8949 page 2. Page 2 Form 8949 (2020) Attachment Sequence No. 12A Name(s) shown on return. Name and SSN or taxpayer identification no. not required if shown on page 1 Social security number or taxpayer identification number Danae Coleman 412-34-5670 Before you check Box D, E, or F below, see whether you received any Form(s) 1099-8 or substitute statement(s) from your broker. A substitute statement will have the same information as Form 1099-8. Either will show whether your basis (usually your cost) was reported to the IRS by your broker and may even tell you which box to check Part II Long-Term. Transactions involving capital assets you held more than 1 year are generally long-term (see instructions). For short-term transactions, see page 1. Note: You may aggregate all long-term transactions reported on Form(s) 1009-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D. line 8a; you aren't required to report these transactions on Form 8949 (see instructions). You must check Box D, E, or F below. Check only one box. If more than one box applies for your long-term transactions, complete a separate Form 8949, page 2, for each applicable box. If you have more long-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. (D) Long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (E) Long-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS (F) Long-term transactions not reported to you on Form 1099-8 (b) (c) (d) Adjustment, if any, to gain or loss. if you enter an amount in column (g). enter a code in column (1). See the separate instructions. (h) Gain or loss). (a) Description of property (Example: 100 sh.XYZ CO.) Date acquired (Mo., day, y.) Date sold or disposed of (Mo. day, yr.) Proceeds (sales price) (see instructions) (e) Cost or other basis See the Note below and see Column (e) in the separate instructions 4.300 4.000 (f) Code(s) from instructions (9) Amount of adjustments Subtract column (e) from column (d) and combine the result with column() 0 2,000 shares FNP, Inc. Stock Stamp 12/30/2018 03/20/2010 06/30/2020 04/08/2020 6,000 8,000 1.700 2.000 C 0 Ooo 0 0 0 0 0 0 0 0 2 Totals. Add the amounts in columns (d), (e), (g) and (h) (subtract negative amounts). Enter each total here and include on your Schedule D. line 8b (if Box D above is checked). line 9 (if Box E above is checked), or line 10 (if Box F above is checked) 12,000 8.300 0 3,700 Note: If you checked Box D above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. Form 8949 (2020) 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. 2021 McGraw-Hill Education. Answer is complete but not entirely correct. 1040 for a single taxpayer with no dependents. 1040 PG 1 1040 PG 2 Schedule A Schedule B Schedule Schedule D Form 8949 PG 2 PG1 28 percent Rate Gain Worksheet Tax Worksheet PG2 PG2 Tax Worksheet PG1 28% Rate Gain Worksheet. 2020 28% Rate Gain Worksheet-Line 18 Name(s) shown on Form 1040 Your social security number Danae Coleman 412-34-5670 1 Enter the total of all collectibles gain or (loss) from items you reported on Form 8949, Part II 1 2.000 2 Enter as a positive number the total of Any section 1202 exclusion you reported in column () of Form 8949, Part II, with code "a in column (f), that is 50% of the gain: of any section 1202 exclusion you reported in column (9) of Form 8049. Part II with code "o" in column (f), that is 60% of the gain; and % of any section 1202 exclusion you reported in column (g) of Form 8049, Part II, with code "o" in column (f) that is 75% of the gain. Don't make an entry for any section 1202 exclusion that is 100% of the gain. 2 3 Enter the total of all collectibles gain or (loss) from Form 4884, line 4 (but only if Form 4884, line 15 is more than zero): Form 6252; Form 6781. Part II; and Form 3824 3 4 Enter the total of any collectibles gain reported to you on: Form 1099-DIV. box 2d; Form 2439, box Id; and Schedule K-1 from a partnership. S corporation, estate, or trust 5 Enter your long-term capital loss carryovers from Schedule D. Ine 14. and Schedule K-1 (Form 1041), box 11, code O 5 6 If Schedule D, line 7. is a (loss). enter that loss) here. Otherwise, enter-O- 6 (1.000) 7 Combine lines 1 through 8. If zero or less enter-O-. If more than zero, also enter this amount on Schedule D line 18 7 1.000 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. 9 2021 McGraw-Hill Education. 4 Names) shown on Form 1090 security number Danae Coleman 412-34-5870 Complete this worksheet only if line 18 or line 19 of Schedule D is more than zero and lines 15 and 16 of Schedule Dare gains or if you file Form 4952. Otherwise, complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Forms 1040 and 1040-SR. line 16 (or in the instructions for Form 1040-NR. line 16) to figure your tax. Before completing this worksheet, complete Form 1040, 1040-SR, or 1040-NR through line 15. Exception: Don't use the Qualified Dividends and Capital Gain Tax Worksheet or this worksheet to figure your tax if: Line 15 or line 18 of Schedule D is zero or less and you have no qualified dividends on Form 1040, 1040-SR or 1040-NR, line 3a; or Form 1040 1040-SR or 1040-NIL ne 15. is zero or less. Instead, see the instructions for Forms 1040 and 1040-SR line 18 (or Form 1040-NR line 16). 1 Enter your taxable income from Form 1040, 1040-SA or 1040-NR, line 15. (However, if you are 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 Forms 1040 and 1040-SR, line 16) 1 103.365 2 Enter your qualified dividends from Form 1040 1040-SR or 1040-NR, line 3a 2 1,963 3 Enter the amount from Form 4952 (used to figure investment interest expense deduction), line 49 3 4 Enter the amount from Form 4952, line 4e* 4 5 Subtract line 4 from line 3. If zero or less enter-O- 0 6 Subtract line 5 from line 2. If zero or less, enter - 6-** 6 1.983 7 Enter the smaller of line 15 or line 16 of Schedule D 7 4,711 8 Enter the smaller of line 3 or line 4 8 9 Subtract line 3 from line 7. If zero or less, enter -O-** 9 4,711 10 Add lines 6 and 9 10 6.674 11 Add lines 18 and 19 of Schedule D 11 12 Enter the smaller of line 9 or line 11 12 13 Subtract line 12 from line 10 13 14 Subtract line 13 from line 1. If zero or less, enter-O- 14 103,365 15 Enter: 540,000 if single or married filing separately: 580,000 if married filing jointly or qualifying widow(er); or $53,800 if head of household. 15 40.000 16 Enter the smaller of line 1 or line 15 16 40.000 17 Enter the smaller of line 14 or line 16 17 18 Subtract line 10 from line 1. If zero or less enter-O- 18 98.691 19 Enter the smaller of line 1 or: . $163,300 if single or married filing separately $326,600 if married filing jointly or qualifying widower); or 19 103,365 $163,300 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 If lines 1 and 16 are the same skip lines 23 through 43 and go to line 44. Otherwise, go to line 23. 23 Enter the smaller of line 1 or line 13 23 24 Enter the amount from line 22. (If line 22 is blank, enter -9-) 24 25 Subtract line 24 from line 23. If zero or less enter -0- 25 26 Enter: $441,450 if single $248,300 if married filing separately $496,600 if married filing jointly or qualifying widower); or 5489,050 F head of household. 26 441,450 27 Enter the smaller of line 1 or line 25 27 103.365 28 Add lines 21 and 22 28 0 29 Subtract line 28 from line 27. If zero or less, enter-O- 29 103.365 30 Enter the smaller of line 25 or line 29 30 65.591 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 2021 McGraw-Hill Education 1040 for a Single taxpayer with no dependents. 1040 PG 1 1 1040 PG 2 Schedule A Schedule B Schedule D Schedule D PG1 PG2 Form 8949 PG 2 28 percent Rate Gain Worksheet Tax Worksheet PG1 Tax Worksheet PG2 Schedule D Tax Worksheet Danae Coleman 412-34-5670 31 Multiply line 30 by 15% (0.15) 31 32 Add lines 24 and 30 32 X 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 X 34 Multiply line 33 by 20% (0.20) 34 0 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. 35 line 19 36 Add lines 10 and 21 36 37 Enter the amount from line 1 above 37 38 Subtract line 37 from line 38. If zero or less enter -0- 38 39 Subtract line 38 from line 35. If zero or less, enter 39 40 Multiply line 39 by 25% (0.25) % 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 Ines 21, 22, 30, 33, and 39 41 42 Subtract line 41 from line 42 43 Multiply line 42 by 28% (0.28) 43 44 Figure the tax on the amount on line 21. If the amount on line 21 is less than $100,000, use the Tax Table to figure the tax If the amount on line 21 is $100.000 or more, use the Tax Computation Worksheet 44 45 Add lines 31, 34. 40. 43, and 44 45 46 Figure 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 18,887 47 Tax on all taxable income (including capital gains and qualified dividends). Enter the smaller of line 45 or line 48. Also include this amount on Form 1040, 1040-SR or 1040-N: line 18. (If you are fing Form 2555, don't enter this amount on Form 1040 or 1040-SR line 16. Instead, enter it on line 4 of the Foreign Earned Income Tax Worksheet in the Instructions for Forms 1040 and 1040-SR) 47 * if applicable, enter instead the smaller amount you entered on the dotted line next to line 4e of Form 4952 ** If you are filing Form 2555, see the footnote in the Foreign Earned Income Tax Worksheet in the instructions for Forms 1040 and 1040-SR line 16. before completing this line. 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 - X TUAN CICATIOMAI 2024 NA LHL Costi $ 90,000 5,580 1,305 16,300 2,700 Kimber Company W-2: Gross Social security tax Medicare tax Federal withholding tax State withholding tax Lee Company W-2: Gross Social security tax Medicare tax Federal withholding tax State withholding tax Danae has the following itemized deductions: Real estate tax Mortgage interest Charitable contributions Danae has the following investments: 1999-INT 1099-DIV Ordinary dividends Qualified dividends Capital gain distribution 2019 short-term loss carryover $ 22,500 1,395 326 2,300 600 $ 7,633 8,445 3,000 $ 2,510 2,389 1,963 4,711 (1,000) Apt no. Home address (number and street). If you have a PO box, see instructions 5411 Melbourne Avenue City, town, or post office. If you have a foreign address, also complete spaces below. Chicago, IL 60455 Foreign country name Foreign province, state/county Presidential Election Campaign Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change your tax or refund You Spouse Foreign postal code At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? Yes No Standard Someone can claim: You as a dependent Your spouse as a dependent Deduction Spouse itemizes on a separate return or you were a dual-status alien Age/Blindness You: Were born before January 2, 1956 Are blind Spouse: Was born before January 2, 1958 Is blind Dependents (see instructions): (2) Social security number (4) Vif qualities for (see (3) Relationship to you instructions: Credit for other If more than four (1) First name Last name (Enter as X-10%-100%) Child tax credit dependents dependents, see instructions and check here 112.500 2,510 2,389 7.411 124,810 1 Wages, salaries, tips, etc. Attach Form(s) W-2 1 Attach Sch. BH 2a Tax-exempt interest 2a b Taxable interest 2b required. 3a Qualified dividends 3a 1.963 b Ordinary dividends 3b 4a RA distributions 4a b Taxable amount 4b Sa Pensions and annuities 5a b Taxable amount 5b 6a Social security benefits 6a b Taxable amount 6b 7 Capital gain or loss). Attach Schedule D if required. If not required, check here 7 8 Other income from Schedule 1, line 9 8 9 Add lines 1, 2, 3, 4, 5b, 8b, 7 and 8. This is your total income 9 Standard Deduction for 10 Adjustments to income Single or Married filing a From Schedule 1, line 22 10a separately $12.400 b Charitable contributions if you take the standard deduction See instructions 10b Married filing jointly or cAdd lines 103 and 10b. These are your total adjustments to income 10c Qualifying widowier), 11 Subtract line 10c from line 0. This is your adjusted gross income 11 $24.800 . Head of 12 Standard deduction or itemized deductions (from Schedule A) 12 household, $18.650 13 Qualified business income deduction. Attach Form 3995 or Form 8995-A 13 . If you checked any box under Standard 14 14 Add lines 12 and 13 Deduction, see 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter -- 15 instructions. Cat. No For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. 113209 THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM IT SELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 2021 McGraw-Hill Education. 0 124,810 21,445 21,445 103,365 Form 1040 (2020) 1040 PGA: 1040 PG 2 > CUID PG1 PG2 PG 2 MOINS Worksheet PG1 PG2 Page 2 of Form 1040. Some information does not carry over from Page 1. Form 1040 (2020) Page 2 16 18.887 17 18 18.887 19 20 21 0 22 18.887 23 24 18.887 25a 18.000 25b 25c 18.800 25d 26 If you have a qualifying child attach Sch. EIC. If you have nontaxable combat pay, see instructions 412-34- Danae Coleman 5870 16 Tax (see instructions). Check it any from Form(s): (1) 8814 (2) 4972 13) 17 Amount from Schedule 2 line 3 18 Add lines 16 and 17 19 Child tax credit or credit for other dependents 20 Amount from Schedule 3, line 7 21 Add lines 19 and 20 22 Subtract line 21 from line 18. If zero or less, enter-O- 23 Other taxes, including self-employment tax, from Schedule 2, line 10 24 Ads lines 22 and 23. This is your total tax 25 Federal income tax withheld from: a Form(s) W-2 b Form(s) 1090 c Other forms (see instructions) d Add lines 25a through 250 26 2020 estimated tax payments and amount applied from 2019 return 27 Earned income credit (EIC) 28 Additional child tax credit. Attach Schedule 8812 29 American opportunity credit from Form 8863, line 8 30 Recovery rebate credit. See instructions 31 Amount from Schedule 3, line 13 32 Add lines 27 through 31. These are your total other payments and refundable credits 33 Add lines 25d. 28, and 32. These are your total payments 34 If line 33 is more than line 24. subtract line 24 from line 33. This is the amount you overpaid 35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here Routing number c Type: Checking d Account number 36 Amount of line 34 you want applied to your 2021 estimated tax 37 Subtract line 33 from line 24. This is the amount you owe now Note: Schedule H and Schedule SE filers, line 37 may not represent all of the taxes you owe for 2020. See Schedule 3, line 12e, and its instructions for details. 38 Estimated tax penalty (see instructions) Do you want to allow another person to discuss this return with the IRS? See instructions 27 28 29 30 31 32 0 33 18.800 34 18.887 X Refund 35a 18.887 Savings Direct deposit? See instructions 36 1 37 Amount You Owe For details on how to pay, see instructions Third Party Designee 38 I Yes. Complete below. On No Designee's Personal identification Phone no. name 1040 PG 1 1040 PC Schedule A Schedule B PG1 PG2 PG 2 Rate Gain Worksheet Worksheet PG1 Worksheet PG2 OMB No. 1545-0074 2020 Attachment Sequence No. 07 Your social security number 412-34-5870 Schedule A of Form 1040. SCHEDULE A (Form 1040) Itemized Deductions Go to www.irs.gov/ScheduleA for instructions and the latest information Department of the Treasury Attach to Form 1040 or 1040-SR. Internal Revenue Service (99) Caution: If you are claiming a net qualified disaster loss on Form 4884 see the instructions for line 16 Name(s) shown on Form 1040 or 1040-SR Danae Coleman Medical Caution: Do not include expenses reimbursed or paid by others and 1 Medical and dental expenses (see instructions) Dental 2 Enter amount from Fom 1040 or 1040- 2 Expenses SR, line 11 3 Multiply line 2 by 7.5% (0.075) 3 4 Subtract line 3 from line 1. If line 3 is more than line 1. enter-O- Taxes 5 State and local taxes You a State and local income taxes or general sales taxes. You may Paid include either income taxes or general sales taxes on line 5a, but not both. If you elect to include general sales taxes instead of income taxes check this box 5a 3.300 b State and local real estate taxes (see instructions) 5b 7,633 c State and local personal property taxes 5c d Add lines 5a through 50 5d 10,933 e Enter the smaller of line 5d or $10.000 ($5,000 if married filing 5e separately) 10.000 6 Other taxes. List type and amount 7 10,000 Interest You Paid 7 Add lines 5e and 6 8 Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions and check this box a Home mortgage interest and points reported to you on Form 1098. See instructions if limited b Home mortgage interest not reported to you on Form 1098. See instructions if limited. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no. and address 8a 8.445 Caution: Your mortgage interest deduction may be limited (see instructions). 8b 8c 8d 8e 8,445 c Points not reported to you on Form 1098. See instructions for special rules d Mortgage insurance premiums (see instructions) e Add lines 8a through Sd 9 Investment interest. Attach Form 4952 if required. See instructions 10 Add lines 8e and 9 11 Gifts by cash or check. If you made any gift of S250 or more, see instructions 12 Other than by cash or check. If you made any gift of S250 or 9 10 8.445 11 3,000 Gifts to Charity Worksheet PG2 Interest and Ordinary Dividends OMB No. 1545-0074 2020 1040 PG 1 1040 PG 2 Schedule A Schedule B Rate Gain Worksheet PG1 PG2 PG 2 Worksheet PG1 Schedule B of Form 1040. SCHEDULEB (Form 1040) Department of the Treasury Go to www.irs.gov/Schedule for instructions and the latest information. Internal Revenue Service (99) Attach to Form 1040 or 1040-SR. Name(s) shown on return Danae Coleman Part 1 1 List name of payer. If any interest is from a seller-financed mortgage and the buyer used the property as a personal Interest residence, see the instructions and ist this interest first. Also, show that buyer's social security number and address Asha Corporation Bank (See instructions and the instructions for Forms 1040 and 1040-SR line 2b.) Attachment Sequence No. 08 Your social security number 412-34-5870 Amount 2.510 Note: If you received a Form 1099-INT.Form 1099-OID, or substitute statement from a brokerage firm list the firm's name as the payer and enter the total interest shown on that form 2 2.510 WN 2 Add the amounts on line 1 3 Excludable interest on series EE and I U.S. savings bonds issued after 1989. Attach Form 8815 4 Subtract line 3 from line Enter the result here and on Form 1040 or 1040-SR, line 2b Note: If line 4 is over $1,500. you must complete Part III: 5 List name of payer Mint brokerage 2,510 Amount 2.389 > Part 11 Ordinary Dividends 5 (See instructions and the instructions for Forms 1040 and 1040-SR line 3b.) Note: If you received a Form 1099-DIV or substitute statement from a brokerage firm list the firm's name as the payer and enter the ordinary dividends shown on that form. 6 2.389 Part III 6 Add the amounts on line 5. Enter the total here and on Form 1040 or 1040-SR, line 3 Note: If ine 6 is over $1,500, you must complete Part III. You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends: (b) had a foreign account; or (c) received a distribution form, or were a grantor of, or a transferor to a foreign trust. 7a At any time during 2020, did you have a financial interest in or signature authority over a financial account such as a bank account, securities account, or brokerage account) located in a foreign country? See instructions Yes NO Foreign Accounts and Trusts Caution: If muimd friburn If'Yes." are you required to file FinCEN Form 114. Report of Foreign Bank and Financial Accounts (FBAR), formerly TO F 90-22.1 to report that financial interest or signature authority? See Finen Form 114 and its instructions for filing 2020 Schedule D Page 1 of Form 1040. SCHEDULED Capital Gains and Losses OMB No. 1545-0074 (Form 1040) Attach to Form 1040, 1040-SR, or 1040-NR. Department of the Treasury Go to www.irs.gov/Scheduled for instructions and the latest information. Intemal Revenue Service (99) Use Form 8949 to list your transactions for lines 1b, 2, 3, 86, 9, and 10. Attachment Sequence No. 12 Name(s) shown on return Your social security number Danae Coleman 412-34-5670 Did you dispose of any investment(s) in a qualified opportunity fund during the tax year? Yes No If "Yes" attach Form 8949 and see its instructions for additional requirements for reporting your gain or loss. Parti Short-Term Capital Gains and LossesGenerally Assets Held One Year or Less (see instructions) See instructions for how to figure the amounts to enter on the lines (9) Adjustments below (d) Proceeds (e) Cost (or other to gain or loss (h) Gain or loss). Subtract column (e) from (sales price basis) This form may be easier to complete if you round off cents to whole from Form(s) column (d) and combine the result with 8949, Part 1, line column (9) dollars 2. columna 1a Totals for all short-term transactions reported on Form 1099-8 for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 16 0 1b Totals for all transactions reported on Form(s) 8949 with Box A checked 0 2 Totals for all transactions reported on Forms) 8949 with Box B checked 0 3 Totals for all transactions reported on Form(s) 8949 with Box C checked 0 4 Short-term gain from Form 6252 and short-term gain or loss) from Forms 4884, 6781, and 8824 4 5 Net short-term gain or loss) from partnerships. S corporations, estates, and trusts from Schedule(s) K-1 S 5 6 Short-term capital loss carryover Enter the amount, if any, from line 8 of your Capital Loss Carryover Worksheet in the instructions (Enter as negative) 6 (1,000) 7 Net short-term capital gain or loss). Combine lines 1a through 8 in column (h). If you have any long-term capital gains or losses, go to Part 11 below. Otherwise, go to Part III on page 2 7 (1.000) Part II Long-Term Capital Gains and Losses-Generally Assets Held More Than One Year (see instructions) See instructions for how to figure the amounts to enter on the fines (9) Adjustments below. (d) Proceeds (e) Cost or other to gain or loss (h) Gain or (loss). Subtract column (e) from from Form(s) (sales price) column (d) and combine the result with This form may be easier to complete if you round off cents to whole basis 8949, Part II, line column (9) dollars. 2, column() 8a Totals for all long-term transactions reported on Form 1090-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 8b 0 8b Totals for all transactions reported on Form(s) 8949 with Box D 0 checked 9 Totals for all transactions reported on Form(s) 8949 with Box E checked 0 10 Totals for all transactions reported on Form(s) 8049 with Box F 0 checked 11 Gain from Form 4797, Part : long-term gain from Forms 2439 and 6252: and long-term gain or loss) from Forms 4884, 6781, and 8824 11 12 Net long-term gain or loss) from partnerships. S corporations, estates and trusts from Schedule(s) K-1 12 13 Capital gain distributions. See the instructions 13 4,711 14 Long-term capital loss carryover. Enter the amount, if any, from line 13 of your Capital Loss Carryover Worksheet in the instructions (Enter as negative) 14 15 Net long-term capital gain or loss). Combine lines Ba through 14 in column (h). Then go to Part III on page 2 15 4,711 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 11338H Schedule D Form 1040) 2020 Tous SinCUIES. Answer is complete but not entirely correct. 1040 for a Single taxpayer with no dependents. 28 percent Tax Schedule D Schedule D Tax 1040 PG 1 1040 PG 2 Schedule A Schedule B Form 8949 Worksheet PG1 Worksheet PG2 Rate Gain PG 2 Worksheet PG1 PG2 Schedule D Page 2 of Form 1040. Schedule D Form 1040) 2020 Danae Coleman 412-34-5670 Page 2 Part III Summary 16 Combine lines 7 and 15 and enter the result 16 18.887 X If line 16 is a gain, enter the amount from line 16 on Form 1040. 1040-SR, or 1040-NR. line 7. Then, go to line 17 below. if line 16 is a loss, skip lines 17 through 20 below. Then go to line 21. Also be sure to complete line 22. If line 18 is zero, skip lines 17 through 21 below and enter -- on Form 1040,1040-SR, or 1040-NR. line 7. Then, go to line 22. 17 Arelines 15 and 16 both gains? Yes. Go to line 18 No. Skip lines 18 through 21, and go to line 22 18 If you are required to complete the 28% Rate Gain Worksheet (see instructions), enter the amount, i any, from line 7 of that worksheet 18 1.000 19 If you are required to complete the Unrecaptured Section 1250 Gain Worksheet (see instructions), enter the amount, if any, from line 13 of that worksheet 20 Are Ines 18 and 19 both zero or blank? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Forms 1040 and 1040-SR, line 123 (or in the instructions for Form 1040-NR, Iine 10). Don't complete lines 21 and 22 below. No. Complete the Schedule D Tax Worksheet in the instructions. Don't complete lines 21 and 22 below. 21 If line 18 is a loss, enter here and on Form 1040 1040-SR, or 1040-NR, fine 7, the smaller of The loss on line 16; or (Enter as - ($3,000), or if married filing separately. (51.500) negative) 21 Note: When figuring which amount is smaller, treat both amounts as positive numbers. 22 Do you have qualified dividends on Form 1040, 1040-SR, or 1040-NR. line 3a? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Forms 1040 and 1040-SR, line 16. No. Complete the rest of Form 1040, 1040-SR or 1040-NR. Schedule D (Form 1040) 2020 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. 2021 McGraw-Hill Education 19 Schedule D PG1 Form 8949 PG 2 > CUTED PG1 PG2 PG 2 Worksheet PG1 PG2 Form 8949 page 2. Page 2 Form 8949 (2020) Attachment Sequence No. 12A Name(s) shown on return. Name and SSN or taxpayer identification no. not required if shown on page 1 Social security number or taxpayer identification number Danae Coleman 412-34-5670 Before you check Box D, E, or F below, see whether you received any Form(s) 1099-8 or substitute statement(s) from your broker. A substitute statement will have the same information as Form 1099-8. Either will show whether your basis (usually your cost) was reported to the IRS by your broker and may even tell you which box to check Part II Long-Term. Transactions involving capital assets you held more than 1 year are generally long-term (see instructions). For short-term transactions, see page 1. Note: You may aggregate all long-term transactions reported on Form(s) 1009-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D. line 8a; you aren't required to report these transactions on Form 8949 (see instructions). You must check Box D, E, or F below. Check only one box. If more than one box applies for your long-term transactions, complete a separate Form 8949, page 2, for each applicable box. If you have more long-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. (D) Long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (E) Long-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS (F) Long-term transactions not reported to you on Form 1099-8 (b) (c) (d) Adjustment, if any, to gain or loss. if you enter an amount in column (g). enter a code in column (1). See the separate instructions. (h) Gain or loss). (a) Description of property (Example: 100 sh.XYZ CO.) Date acquired (Mo., day, y.) Date sold or disposed of (Mo. day, yr.) Proceeds (sales price) (see instructions) (e) Cost or other basis See the Note below and see Column (e) in the separate instructions 4.300 4.000 (f) Code(s) from instructions (9) Amount of adjustments Subtract column (e) from column (d) and combine the result with column() 0 2,000 shares FNP, Inc. Stock Stamp 12/30/2018 03/20/2010 06/30/2020 04/08/2020 6,000 8,000 1.700 2.000 C 0 Ooo 0 0 0 0 0 0 0 0 2 Totals. Add the amounts in columns (d), (e), (g) and (h) (subtract negative amounts). Enter each total here and include on your Schedule D. line 8b (if Box D above is checked). line 9 (if Box E above is checked), or line 10 (if Box F above is checked) 12,000 8.300 0 3,700 Note: If you checked Box D above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. Form 8949 (2020) 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. 2021 McGraw-Hill Education. Answer is complete but not entirely correct. 1040 for a single taxpayer with no dependents. 1040 PG 1 1040 PG 2 Schedule A Schedule B Schedule Schedule D Form 8949 PG 2 PG1 28 percent Rate Gain Worksheet Tax Worksheet PG2 PG2 Tax Worksheet PG1 28% Rate Gain Worksheet. 2020 28% Rate Gain Worksheet-Line 18 Name(s) shown on Form 1040 Your social security number Danae Coleman 412-34-5670 1 Enter the total of all collectibles gain or (loss) from items you reported on Form 8949, Part II 1 2.000 2 Enter as a positive number the total of Any section 1202 exclusion you reported in column () of Form 8949, Part II, with code "a in column (f), that is 50% of the gain: of any section 1202 exclusion you reported in column (9) of Form 8049. Part II with code "o" in column (f), that is 60% of the gain; and % of any section 1202 exclusion you reported in column (g) of Form 8049, Part II, with code "o" in column (f) that is 75% of the gain. Don't make an entry for any section 1202 exclusion that is 100% of the gain. 2 3 Enter the total of all collectibles gain or (loss) from Form 4884, line 4 (but only if Form 4884, line 15 is more than zero): Form 6252; Form 6781. Part II; and Form 3824 3 4 Enter the total of any collectibles gain reported to you on: Form 1099-DIV. box 2d; Form 2439, box Id; and Schedule K-1 from a partnership. S corporation, estate, or trust 5 Enter your long-term capital loss carryovers from Schedule D. Ine 14. and Schedule K-1 (Form 1041), box 11, code O 5 6 If Schedule D, line 7. is a (loss). enter that loss) here. Otherwise, enter-O- 6 (1.000) 7 Combine lines 1 through 8. If zero or less enter-O-. If more than zero, also enter this amount on Schedule D line 18 7 1.000 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. 9 2021 McGraw-Hill Education. 4 Names) shown on Form 1090 security number Danae Coleman 412-34-5870 Complete this worksheet only if line 18 or line 19 of Schedule D is more than zero and lines 15 and 16 of Schedule Dare gains or if you file Form 4952. Otherwise, complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Forms 1040 and 1040-SR. line 16 (or in the instructions for Form 1040-NR. line 16) to figure your tax. Before completing this worksheet, complete Form 1040, 1040-SR, or 1040-NR through line 15. Exception: Don't use the Qualified Dividends and Capital Gain Tax Worksheet or this worksheet to figure your tax if: Line 15 or line 18 of Schedule D is zero or less and you have no qualified dividends on Form 1040, 1040-SR or 1040-NR, line 3a; or Form 1040 1040-SR or 1040-NIL ne 15. is zero or less. Instead, see the instructions for Forms 1040 and 1040-SR line 18 (or Form 1040-NR line 16). 1 Enter your taxable income from Form 1040, 1040-SA or 1040-NR, line 15. (However, if you are 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 Forms 1040 and 1040-SR, line 16) 1 103.365 2 Enter your qualified dividends from Form 1040 1040-SR or 1040-NR, line 3a 2 1,963 3 Enter the amount from Form 4952 (used to figure investment interest expense deduction), line 49 3 4 Enter the amount from Form 4952, line 4e* 4 5 Subtract line 4 from line 3. If zero or less enter-O- 0 6 Subtract line 5 from line 2. If zero or less, enter - 6-** 6 1.983 7 Enter the smaller of line 15 or line 16 of Schedule D 7 4,711 8 Enter the smaller of line 3 or line 4 8 9 Subtract line 3 from line 7. If zero or less, enter -O-** 9 4,711 10 Add lines 6 and 9 10 6.674 11 Add lines 18 and 19 of Schedule D 11 12 Enter the smaller of line 9 or line 11 12 13 Subtract line 12 from line 10 13 14 Subtract line 13 from line 1. If zero or less, enter-O- 14 103,365 15 Enter: 540,000 if single or married filing separately: 580,000 if married filing jointly or qualifying widow(er); or $53,800 if head of household. 15 40.000 16 Enter the smaller of line 1 or line 15 16 40.000 17 Enter the smaller of line 14 or line 16 17 18 Subtract line 10 from line 1. If zero or less enter-O- 18 98.691 19 Enter the smaller of line 1 or: . $163,300 if single or married filing separately $326,600 if married filing jointly or qualifying widower); or 19 103,365 $163,300 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 If lines 1 and 16 are the same skip lines 23 through 43 and go to line 44. Otherwise, go to line 23. 23 Enter the smaller of line 1 or line 13 23 24 Enter the amount from line 22. (If line 22 is blank, enter -9-) 24 25 Subtract line 24 from line 23. If zero or less enter -0- 25 26 Enter: $441,450 if single $248,300 if married filing separately $496,600 if married filing jointly or qualifying widower); or 5489,050 F head of household. 26 441,450 27 Enter the smaller of line 1 or line 25 27 103.365 28 Add lines 21 and 22 28 0 29 Subtract line 28 from line 27. If zero or less, enter-O- 29 103.365 30 Enter the smaller of line 25 or line 29 30 65.591 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 2021 McGraw-Hill Education 1040 for a Single taxpayer with no dependents. 1040 PG 1 1 1040 PG 2 Schedule A Schedule B Schedule D Schedule D PG1 PG2 Form 8949 PG 2 28 percent Rate Gain Worksheet Tax Worksheet PG1 Tax Worksheet PG2 Schedule D Tax Worksheet Danae Coleman 412-34-5670 31 Multiply line 30 by 15% (0.15) 31 32 Add lines 24 and 30 32 X 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 X 34 Multiply line 33 by 20% (0.20) 34 0 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. 35 line 19 36 Add lines 10 and 21 36 37 Enter the amount from line 1 above 37 38 Subtract line 37 from line 38. If zero or less enter -0- 38 39 Subtract line 38 from line 35. If zero or less, enter 39 40 Multiply line 39 by 25% (0.25) % 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 Ines 21, 22, 30, 33, and 39 41 42 Subtract line 41 from line 42 43 Multiply line 42 by 28% (0.28) 43 44 Figure the tax on the amount on line 21. If the amount on line 21 is less than $100,000, use the Tax Table to figure the tax If the amount on line 21 is $100.000 or more, use the Tax Computation Worksheet 44 45 Add lines 31, 34. 40. 43, and 44 45 46 Figure 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 18,887 47 Tax on all taxable income (including capital gains and qualified dividends). Enter the smaller of line 45 or line 48. Also include this amount on Form 1040, 1040-SR or 1040-N: line 18. (If you are fing Form 2555, don't enter this amount on Form 1040 or 1040-SR line 16. Instead, enter it on line 4 of the Foreign Earned Income Tax Worksheet in the Instructions for Forms 1040 and 1040-SR) 47 * if applicable, enter instead the smaller amount you entered on the dotted line next to line 4e of Form 4952 ** If you are filing Form 2555, see the footnote in the Foreign Earned Income Tax Worksheet in the instructions for Forms 1040 and 1040-SR line 16. before completing this line. 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 - X TUAN CICATIOMAI 2024 NA LHL Costi