Facts: John Doe is the chief financial officer of Facebook, which is located in New York, NY. John has a 10 year old son, Phil, who lives in his home. John is trying to determine how much federal income tax he will owe for 2019. John has the following items of income, gains and losses.

Wages $300,000

Federal income taxes withheld (100,000)

Interest income from Apple corporate bonds 2,000

Dividends from Coca Cola stock 6,000

Alimony under divorce order dated 3/1/2019 12,000

Date acquired Date sold sales price Tax basis

Sale of 100 shares of XYZ stock 4/10/2000 9/15/2020 20,000 24,000

Sale of 120 shares of Walmart stock 2/22/2020 9/18/2020 35,000 30,000

Sale of 150 shares of Apple stock 11/14/2016 8/31/2020 64,000 42,000

Sale of 100 shares of New York Giants stock 6/11/2018 8/05/2020 2 10,002

Short term capital loss carryforward 9,000

John Doe will claim the standard deduction in 2020. He is 44 years old.

Required: Complete a 2019 federal income tax return for John Doe. Assume that John files as unmarried head of household. You should prepare the following income tax forms, which you can download from www.irs.gov

Form 1040

Form 1040 Schedule 1 (if you believe that the alimony is taxable)

Schedule B

Schedule D

Form 8949

Schedule 8812

Qualified Dividends and Capital Gain Tax Worksheet Line 12a.

Hint: Dont forget the investment income tax

Hint: Dont forget the additional child tax credit