Tax Return Problem 3 Kathy and Rob Wright obtained a divorce effective May 1, 2018, and there have been no revisions to the original agreement since that time. In accordance with the divorce decree, Rob was required to pay $2,450 per month until their only child turns 18; then the payments would be reduced to $1,500 per month. Kathy has full custody of the child and appropriately takes the dependent deduction and child credit. Furthermore, Rob was to transfer title of their house, which had a cost of $250,000 and a fair value of $410,000 on the date of transfer, to Kathy and was to continue making the monthly mortgage payments of $1,525 on behalf of Kathy. Rob works for a large oil distributor in Santa Fe, NM, and after the divorce lives at 1132 Northgate Avenue, Santa Fe, NM 87501. Kathy's social security number is 412-34-5671 (date of birth 11/4/1986), and Rob's social security number is 412-34-5670 (date of birth 8/14/1984). His W-2 contained the following information: Wages (box I) = Federal W/H (box 2) = Social security wages (box 3) = Social security W/H (box 4) = Medicare wages (box 5) = Medicare W/H (box 6) = $85,100.25 $ 5,225.31 $85,100.25 $ 5,276.22 $85,100.25 $ 1,233.95 He also received a Form 1099-INT from First New Mexico Bank with $256 of interest income in box 1. In addition, Rob made a timely $2,500 contribution to his new HSA account. Prepare a 2020 Form 1040 and a Schedule 1 as well as a Form 8889 for Rob. Page 4-33