FORM: 1040 PAGE 1

PAGE 1

PAGE 2

SCHEDULE 1

SCHEDULE 2

SCHEDULE A

SCHEDULE C

SCHEDULE D PAGE 1

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SCHEDULE SE

FORM 4562

FORM 4797 PAGE 1

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FORM 8995

Chapter 7 TRP 7-3 Norman and Leslie Beber are married and file a joint return in 2020. They live at 12345 Hemenway Avenue, Marlborough, MA 01752 Norman is a self-employed tax preparer and his SSN IS 412-34-5670. Leslie is a software programmer and her SSN IS 412-34-5671. She had the following income and expenses for the year: Leslie's W-2: Gross wages Social security tax Medicare tax Federal withholding tax State withholding tax $ 180,776 6, 248 1,461 18,735 4,800 Norman was the sole proprietor of NAMA Tax Service. His business is located at 123 Main Street, Marlborough, MA 01752, and his business code is 541213. He had the following revenue and expenses (Cash basis): Revenue $ BO.ee Expenses: Advertising 1,200 Insurance 3,200 Telephone 2,400 Office rent 18, eee Utilities 4, Office supplies 5,000 Depreciation 6,41 must be allocated to the 1231 assets listed next) Norman had the following business assets Office furniture Purchased for $4.950 on May 20, 2018. The equipment is being depreciated over seven-year MACRS 200% declining balance. Norman sold it on May 15. 2020. for $4,000. Office equipment Purchased a copler for $13.800 on January 10, 2020. The copler is being depreciated over five-year MACRS 200% declining balance. Norman makes no elections for $ 179 or bonus depreciation Computer and equipment Purchased a computer system for $8.900 on January 2, 2019. The computer is being depreciated over five-year MACRS 200% declining balance. Norman makes no elections for $ 179 or bonus depreciation Norman and Leslie had the following other sources of income and deductions Interest from a CD in the amount of $1.410 Long-term loss carryover from 2019 of $5.000 Real estate taxes of $8.459. Home mortgage Interest of $16,600. Charitable contributions in cash over the year of $2.500. all receipts and acknowledgments were received from the charitable organizations 1 Required: Prepare Form 1040 and all related schedules, forms, and worksheets for Norman and Leslie Beber for 2020. The Bebers do not donate to the presidential election campaign (Instructions can be found on certain cells within the forms. List the names of the taxpayers in the order in which they appear in the problem. Indicate losses with minus sign and enter all other values as positive amounts. Round your Intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.) 10 points Use the appropriate Tax Tables Tax Rate Schedules and Depreciation Tables (6A-1, 6A-2.6A-3.6A-4 and 6A-5). eBook 1040 for a couple Married Filing Jointly with no dependent. Print 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule A Schedule C Schedule D PG 1 Schedule D PG 2 Schedule SE Form 4562 Page 1 of Form 1040. Use provided information and follow instructions on form. Form 1040 Department of the Treasury Internal Revenue Service (99) U.S. Individual Income Tax Return 2020 OMB No 1545-0074 IRS Use Only Do not write or staple in this space ho Filing Status Single Married filing jointly Married fing separately (MFS) Head of household (HOH) Qualifying widowien (aw Check only f you checked the MFS box, enter the name of your spouse. If you checked the HOH or QW box, enter the child's name if the qualifying person is one box a child but not your dependent Your first name and middle initial Your social security number Last name (Enter as xxx-XX-XXXX) Norman Beber 412-34-5670 it joint return, spouse's first name and middle initial Last name Spouse's social security number (Enter as XXX-XX-XXXX) Leslie Beber 412-34-5671 Home address (number and street) you have a PO box see instructions Apt no Presidential Election Campaign 12345 Hemenway Ave, Check here if you, or your spouse if filing City, town, or post office. If you have a foreign address, also complete spaces below jointly, wants to go to this fund Checking a box below will not change Marlborough, MA 01752 your tax or refund. Foreign country name Foreign province state/county Foreign postal code You Spouse At any time during 2020, did you receive sell send exchange or otherwise acquire any financial interest in any virtua 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, 1966 I Are blind Spouse Was born before January 2, 1958 is blind Dependents (see instructions: (2) Soojal secunty number (3) Relationship to you (4) V If qualifies for (see instructions) it more than four (1) First name Last name (Enter as 100-300 Credit for other Child tax credit dependents. See dependents inetnictins and Mc Graw HIN Lda Prey 1 of Next Juu. Atun Mandorpugn, MA 01154 Foreign country name Foreign province/state/county Foreign postal code You Spouse 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, 1058 is blind Dependents (see instructions): (2) Social security number ) (3) Relationship to you (4) il qualifies for (see instructions): Credit for other If more than four (1) First name Last name (Enter as xxx-06-2000) Child tax credit dependents dependents, see instructions and check here 1 1 Wages, salaries, tips, etc. Attach Formis) W-2 2a Tax-exempt interest 3a Qualified dividends 2a b Taxable interest Attach Sch. Bif required 2b 3a b Ordinary dividends 3b 4a IRA distributions 4a b Taxable amount 4b 5a Pensions and annuities Sa b Taxable amount 5b 6a Social security benefits b Taxable amount 6b 7 Capital gain or loss) Attach Schedule Dif required. If not required, check here 7 8 Other income from Schedule 1. line 9 8 0 0 0 9 Add lines 1, 2, 3, 4, 5, 6, 7 and & This is your total income 9 10 Adjustments to income Standard Deduction for- a From Schedule 1. line 22 10a Single or Mamed filing separately. b Charitable contributions if you take the standard deduction See instructions 10b $12.400 Married filing jointly Add lines 10a and 10b. These are your total adjustments to income 100 or Qualifying 11 Subtract line 10c from line 9. This is your adjusted gross income 11 widow(er). $24.800 Head of 12 Standard deduction or itemized deductions from Schedule A) 12 household, 518,650 If you checked any 13 Qualified business income deducton Attach Form 8995 or Form 8995-A 13 box under Standard Deduction see 14 Add lines 12 and 13 14 instructions 15 Taxable income Subtract line 14 from line 11 If zero or less, enter-O- 15 For Disclosure, Privacy Act and Paperwork Reduction Act Notice, see separate instructions. Dat No. 113208 THIS FORM IS A SIMULATION OF AN OFFICIALU.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 Form 1040 (2020) 1040 PG 2 > Page 2 of Form 1040. Some information does not carry over from Page 1. Form 1040 (2020) Norman Beber Leslie Beber Page 2 412-34- 5670 (2) 4072 16 Tax (see instructions). Check if any from Form(s); (1) 9814 (3) 16 17 Amount from Schedule 2. line 3 17 18 18 Add lines 16 and 17 19 Child tax credit or credit for other dependents 15 20 Amount from Schedule 3, line 7 20 * 21 Add lines 19 and 20 21 22 22 Subtract line 21 from line 18. If zero or less, enter-0- 23 Other taxes, including self-employment tax, from Schedule 2, line 10 24 Add lines 22 and 23. This is your total tax 23 24 25 Federal income tax withheld from: a Form(s) W-2 25a 25b 250 D Form(s) 1099 c Other forms (see instructions) d Add lines 25 through 250 26 2020 estimated tax payments and amount applied from 2019 return 27 Earried income credit (EIC) 250 25 27 If you have a qualifying child attach Sch. ElC. If you have montable combat pay, see instructions 28 Additional child tax credit. Atlach Schedule 6812 28 25 30 29 American apportunity credit from Form 8883, tine a 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 refundablo credite 33 Add lines 250, 20, and 32. These are your total payments 34 ir line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid 31 32 0 33 O 34 Refund 35a Amount of line 34 you want refunded to you an 8088 is attached thick hern 35a Routing number Direct deposit? See instructions , Chedine Savings d Account number GE 37 34 Amount of lina 34 you want applied to your 2021 estimated tax Amount You 37 Subtract fine 33 fram line 24. This is the amount you owe now Owe Note: Schedule and schedule SC Bilers, ne 17 may not representa oftheawen you own for 2020. See Schedule line 12 For details on how to and its instructions for details pay see instructions. 33 stimated tex penalty is instructions) Third Party Do you want to allow another person to discuss this return with the RSS intruction Designee 38 F Yes Complete Below NO Designs name Pre Pional ldentification number (PINY Sign Here Under penales of perjury. I deciate that I have extind this and accompanyies and rest, and to the best of my knowledge and belief they are true correct and complete Declaration of propertothecitar la sedentaritone which prepare any wedge Prev 1 of 1 Next OMB No. 1545 0074 SCHEDULE 1 (Form 1040) Additional Income and Adjustments to Income 2020 Attach to Form 1040. 1040-SR, or 1040-NR. Department of the Treasury Internal Revenue Service Attachment Sequence No. 01 Go to www.irs.gov/Form 1040 for Instructions and the latest Information Name(s) shown on Form 1040 or 1040-SR Your social security number Norman 412-34-5670 Parti Beber Leslie Beber Additional Income Taxable refunds, credils, or offsets of state and local income taxes Alimony received 1 1 2a 2a b 3 3 4 4 Date of original divorce or separation agreement (see instructions) Business income or loss). Attach Schedule C Other gains or losses). Attach Farm 4797 Rental real estate, royalties, partnerships. S corporations, trusts, etc. Altach Schedule E Farm income or (los). Attach Schedule F 4 5 5 6 G 7 Unemployment compensation 7 7 8 Other income. List type and amount 8 9 9 Part II 10 Combine lines 1 through B. Enter here and on Form 1040 1040 SR. O 1040 NR. Iine & Adjustments to Income Educator experises Certain business expensus of reservists, performing artists and fee base government officials. Attack Ferm 2106 Health Savings account deduction Kitachi Farm Ban 10 11 11 12 12 13 13 Moving expense for ramburs of the Armed Forces Attach Form 3903 Deductible part of self umployment tax: Attach Schedule SE 14 14 15 Sulf employed SOP SIMPLE and qualified and 15 16 Sulf oployd health insurance induction 16 17 Penalty or ently withdrawal of savings 17 18a Abrony paid 189 b Recipient SSN Dale of unglalvare or epitration greeme (see restructions 19 IRA deduction 19 20 Student loc intrat deducit 20 0 21 Tuition and feed seduction. Attaci Fem 1817 21 22 Add lines 10 through 2: These are your adjustments to income the here and en Farm 140 SR or 1040 NR. Ane 109 22 For Paperwork Reduction Act Notice. Bee your tax return instruotione B. Na THIS FORM IS A SIMULATION OFAN OFFICIAL US. TAX FORM. TIES NOT THE OFFICIAL FORM ITSELF DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL & 2021 McGraw-Hill Education Schedule 1 (Form 1040) 2020 Prev 1 of 1 Next 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule A Schedule a Schedule D PG 1 Schedule D PG 2 Schedule SE Form 4562 Schedule 2 of Form 1040. 2020 Beber SCHEDULE 2 Additional Taxes OMB No 1545-0074 (Form 1040) Department of the Treasury Attach to Form 1040 or 1040-SR Internal Revenue Service Go to www.lrs.gov/Form 1040 for instructions and the latest Information. Attachment Sequence No 02 Name(s) shown on Form 1040.1040 SR, or 1040 NR Your social security number Norman Beber Leslie 412-34-6870 Partl Tax 1 Alternative minimum tax. Atlach Form 6261 2 Excess advance premium tax credit repayment. Attach Form 8962 2 3 Add lines 1 and 2. Enter here and on Farm 1040 1040 SR. or 1040 NR, line 17 3 Part II Other Taxes 4 Self-employment tax. Attach Schedule se 4 5 Unreported social security and Medicare tax from Form a 4137 b8919 5 6 Additional tax an IRAs other qualified retirement plans, and other a favored accounts Allach Form 5929 Frete 7a Household employment tixus tachy Schedule 7a Repayment of first time homebuyer tetor Form 5405. Auch Foem 5405 required 7b 8 Taxes from la Form 1959 born 1960 3 Instructions enter code(s) 9 Section 985 net tax liability installment from Forn 985 10 Add lines through a These are your total other taxes. Enter ate and on fanno 1640 Form 1040 NR. ne 236 10 0 For Paperwork Reduction Act Notice, Bee your tax return inetructione, OMNIBU Schedule 2 (Form 1040) 2020 THIS FORM IS A SIMULATION OF AN OFFICIALUS. TAX FORM. IT IS NOT THE OFFICIAL FORMIT SELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 2021 McGraw-Hill Education IS Schedule 1 Schedule A > Your coolal ceourity number 412-34.5670 Internal Revenue SIGA the instructions for Ina 16. Name(s shown on Form 1040 or 1040-SR Norman Beber Leslie Beber Medical Caution: Do not include expenses reimbursed or paid by others. and 1 Magical and dental expenses (see Instructions) Dental 2 Enter amount from Form Expenses 1940 or 1040-SR, aina 11 3 Multiply line 2 by 7.6% (0.075) 4 Subtract line 3 tromline 1. If line 3 is more than line 1. enter-0. Taxes You 6 State and local taxes. Paid . State and local income taxes ar general sales taxes. You may include akher Income taxes or general sales taxes on line 6a, but not both. It you alect to include genaral sales taxes instead of income taxes check this box 5a 1 + b State and local real estate taxes (See Instructions 55 o State and local personal property takes 50 58 d Add lines 5a through Go . Enter the smaller of line Sd or $10.000 (55.000 ir married, tiling separately) 8 Other taxes List type and amount be B Interest You Paid Z Add lines ba and 6 3 Home mortgage Intarase and points in you dontal on our Roma maranga ands to buy. Budd, or improv your home Instructions and the box a Home mortgagentarest and saints raporodta vuon Form 1099, Sotructions mitad b Hama marang terest abt reported to you an Farm ange sea Instructionsmited paid in the bartoon wo you bought the home Goalinavuctions and show that person name, dentitione and add Sa Caution: Your mortgage least dnduction may be enite se inglesang sb o Poland road is van Foming Sood 80 d Morgaga reaction 30 And lines ia through a 30 B Investissent interest Attach Farm reduktions 10.fed linas Gifts to 11 Gifts by Coach inguruan Charity F12 ban hordhadde szerine, Caution: you Beratutakou must alla Fame 18 made gift and go 15 Carroverdrom noryser 19 entant # Fratruction 14 dienas un 13 ANG Casualty and 15 Casualty and the USA Theft Losses Attach Farm Andere Other Teractions and Itemized Deductions 17 Add the amount om Total or 104-SRR Itemized Deductions 15 mins to do Attachment Sequence No. 00 Attach to Form 1040 1040-8R, 1040-NR, or 1041: partnerchipe generally mustria Form Internal Revenue Service (99) 1086. Name of proprietor Norman Beber Leslie Beber A Principal business or profession, including product or service See Instructions) Soolal ceourly number (38) 412-34-5670 B Enter ooda fram Instructions C Business name. no separate business name, leave blank. D Employer ID number (EIN), (cou inctr.) E Business address including Suite or room no. City, town or post office, state, and ZIP code F Accounting method: (1) Cash (2) Accrual (3) Other spediyi 13) Did you materially participate in the operation of this business during 20207 If "No, soc Instructions for limit on lasses Yes i No DOO H #you started or acquired this business during 2020, check here Old you make any payments in 2020 that would require you to the Farms] 10997 See instructions Yes No Ji Yos. did you or will you file required Forms 10997 Yes No Partl Income 1 Gross receipts of sales. See Instructions for line 1 and check the box if this income was reported to you on Form W-2 and the statutory employee bax on that form was chackad 2 Returns and alowances 2 3 Subtract line 2 from line 1 3 4 Cost of goods sold (from no 42) 4 6 Grote pront. Subtract line 4 from line 3 6 8 Olhor income, including federal and state gasoline or fuel tax creditor ofuna (sas instructions @ 7 TOGE Indomo. Add linas 5 and G 7 Part II Expenses. Enter expenses for business use of your home only on line 30 & Advertising 18 mchaxnansa e instructions 13 B Car and truck expenses ( 18 Panson and Brottsharing and 18 Instructions) 20 Rant or lostructions 10 Commissions and as 10 a Monicles machinery and coulomen 200 11 Contract labor (sanstructions 11 b Other Bus operty 200 12 Depletion 12 21 Repair and mananca 21 13 Depreciation and section 179 32 Sunale non in Pa expanse deduction (not included 23 and license in Part til isoo instructional 13 24 Trend 14 Employee benefit programs at 248 Tour than on line 101 14 badutham 16 Insurance father than health 16 Infiniti 240 18 Interests instrucs 26 26 Mortgage paid to banks, ato) 1ea 28 WSGAR Olher 16b 27a Ciharosadith le 275 17 Legal and professional services -17 bocarved for futuro uc 278 28 Total oxpence before expenses for single of Name Address through 2 28 Tentativa peoti ar cosa. Subtractii a fome? 30 Expenses for business use of your name antropone danses awach am 29 unions using the simdidied mad. Soe instructions Bimplified method for only onto the total sustrata dhama and to the art of your home des for Business Da Matha Workshoot in the ninctions to figure the amount to to 30 31 Net profit or loco). Subtract 30 faina 20 . If a patitanter on both Bohedule 1 Form 1040 in and on Bonadule E ilne 2 r you checked the the sono state and in Form 10 line 2 31 It alloss you must go to 2 32 If you have a loss, check the baxirs you investido - If you checked 22 anto the son bot Bohedule 1 (Form 1040), lina Sohedulede na 2 32a hit checked the box one 1, the the actions. En Form 1041.in ab om man If you chand 320 You much attach Form 12. vos may For Paperwork Reduction Act Notice, cao the Separato instructions CON134 Sohedule CitForm 1040) 2020 TUIERCIO ALLATION AC ACEITAMENTITUEERING COMITAS OTO TUNTAM Prev 1 of 1 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule A Schedule a Schedule D PG 1 Schedule D Schedule SE Form 4562 PG 2 Schedule D Page 1 of Form 1040. 2020 LNT Yes SCHEDULED Capital Gains and Losses OME NO. 1645-0014 (Form 1040) Attaoh to Form 1040 1040-SR, or 1040-NR. Department of the Treasury Go to www.irc.govitoheduled for instructions and the latest Information Intemal Revenue Servica (99) Uca Form &e4e to let your transactions for lines 1b, 2, 3, Sb, 9, and 10. Attachment Sequence No 12 Name(s shown on rolum Your coolal Gaourity number Norman Beber Leslie Beber 412-34-5870 Did you dispose of any investments in a qualified opportunity and during the tax year? No It "Yes, attach Form 80 49 and ses its Instructions for additional requirements for reporting your gain or loss, Partl Short-Term Capital Gains and Losses-Generally Assets Held One Year or Less (see instructions) (a) Adjustments to See instructions for how to figure the amounts to enter on the lines below. (d) Proceeds (sales (o) Con (or other gain or loss from (hy Osin or loct), subtrad column (a) from price basis) Forms) 8949. Part column (d) and combine the result with column igl This form may be easier to complete If you round oft cents to whole dollars. line 2 column to 1a Totals for a short-term transactions reported an Farm 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 at these transactions on Fam 8949, leave this the blank and go to line 1 10 Total for all transactions reported on Forms) 8949 with Box A checked 2 Totais lar al transactions reported on Formis) 8949 with Box checked 0 8 Totals tor al transactions reported on Formis) 8949 with Box C checked 4 Shart-term gain from Farm 6252 and short-term gain or loss trom Forms 4684 and ee24 E Net short-term gain or loss) from partnerships, scorporations, astates, and trust Tom Schedule 5 6 Short-term capital loss canyoya Enter the amount: if any, Mram Thaa at your Capital Locc Carryover Work chaat in the Instructions Enter ac negative 7 Net chort-term capital gain or (cc). Combinaties 15 rough Gin column thou have anyong tam capital and or losse go to Part II below. Otherwise, go to Part on page 2 Part II Long-Term Capital Gains and Losses Generally Assets Held More Than One Year (see instructions) So natructions for how to figure the amounts to enter on the imas below ColAdlustments to (d) Roca Cala adoro ram tha Gain or loco. Suburact columns from BI continebanFormis 9.9. Particolumn las and combine the result with calumno This form may be cover to complete it you round oft contato whole dollars Und 2 columna Sa Totais for a long term transactions portadan Form 1099-B for which bass was reported to the IRS ana for when you have no ajustments 1800 instruction. However ou choose to report all those transactions on Form B929. aave this line bank and eo to nie 86 Bb Tatais oral transactions reported on Forms age. We Box DC B Totals for at transaction read an Farmia 1949 with Box Echa WALI 0 10 Totais for a transaction reported an Fomei 2949 with Box Fchecked 11 Gain from Form 4797. Partlong-term gall from For 249 and 5252 FEB.STL ang 8824 11 12 Not long-tomm sin or inssi from partnerships. Somerations estatal se transfrom sch 18 Capital gain distributions. See the instructions 13 14 Long-term capital los canavar Enter the amount from 3r Cepital LOL Carryover Workcheat in the nations Enter ac negativa) 14 1E Net long-term capital gain or (locc). Combine has 8 14 Numah PAGB 16 For Paperwork Reduotion Aot Notion, so your tax return inctruotionc. Cat No 33 Bohedule Form 1040) 1020 THIS FORMIGA SIMULATION OF AN OFFICIAL U. TAX FORM.IT IS NOT THE OFFICIAL FORM ITSELF DO NOT USE THIS FORM FOR TAX FILING & OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL: 32021 MoQraw-HI Education, Schedule C Schedule D PG 2 > 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule A Schedulec Schedule D PG 1 Schedule D PG 2 Schedule SE Form 4562 Schedule D Page 2 of Form 1040. Schedula D Form 1040) 2020 Norman Beber Leslie Beber 412-34-5670 Page 2 Part III Summary 18 Combine lines 7 and 15 and enter the result 18 If line 16 is a gain, enter the amount from line 16 on Farm 1040 1040-SR of 1040-NR. Iine T Than go to the 17 bolow - If line 16 is a loc, skip lines 17 through 20 below. Then go to line 25. Also be sure to completa line 2 If line 16 is zero, skip lines 17 through 21 below and entero.on Form 1040 1040-SR o 1040.NR.Than, go to line 22 17 Are Tines 16 and 16 both gains ? Yot. Go to line 18 No. Skia inos 18 through 21, and go to line 22 18 If you are required to complete the 28% Rate Gala Workcheetsed instructions enter the amount any from 7 of that work 18 18 If you are required to complete the Unrecaptured Bootlon 1250 Gain Workchoot bae instructions entre amount omne 18 of that 18 Workshoot 20 Arelines 18 and 19 both or at blank You. Complete the Qualified Dividando and Capital Gain Tax Workcheat in the instructions on Forms 1040 na 1040- Snea for in the instructions for Farm 1040-NR Ind 16 Don't combate as 2nd 22 below! Ne. Complete the chedule D Tax Workchaat in the instructions. Don't leta 21 and 2 bo 21 If line 16 sa loss, bare and on Fem 1040 1040 SR on 1040.Nethe mallaron The loss online 16 (53,000 or married to con (Enter a negativo 21 Note: When touring which mountamato treat both amounts and actual 22 Do you have a vidands Form 1040 1040-SR 1040-NR han Yec. Complete the Qualified Dividende and Capital Gain Tex Workcheetit der Farma 040-RLIG No. Comprot the rest of Form 1.040, 1940.SR. 100 NR Bohedule Form 1040) 2020 THIS FORM IS A BIMULATION OF AN OFFICIAL U.. TAX FORM. IT IS NOT THE OFFICIAL FORMIT SELF DO NOT USE THIS FORM FOR TAX FILING & OR FOR ANY PURFO BE OTHER THAN EDUCATIONAL, 2021 MoGraw-HELI Eduoation Schedule D PG 1 Schedule SE > Beber with sorr amployment income Norman 41204-0070 Partl Self-Employment Tax Note: If your only income subject to self-employment tax is ohuron employee Income, se instructions for low are your income and the definir curentamplayed Income A t you are a minister, mamber of a religious order, or Christian Science practitioner and you ned For 4361, but you had 5400 or more of other net earnings from soltemployment, check here and continue with Parti Skip lines 1a and 15 you use the tar optional method in Part II See Instructions 1a 10 Netfarm profit or less from Schedule F e 34 and farm partnerships Schedule Form 1065), to 14 bir you received social neurly retirement or disability benefits, enter the amount of conservation Reserve Program payment dodom Schedule a 45, or listed on schedule Fam 1065) bax 20 coda AH 15 Skip line 2 You use the nontam tonal method in parti. See structions 2 Net profit or loss) from Schedule a na B1: and Schedula 1 (Form 1065) box 14 code cameran farming 2 See Instructions for other income la part of you are a minister aramborot a religious order 3 s combine lines 1 lb. and a 4alf lines more than zero, muy line by 92.3.3225)Otherwinter amount from Note: line 4s is less than $400 aueta Conservation Reserve Program pements entine 10 second but you gladt ana or both of the optional methods anter the total of lines and here 45 C combine lines da ana 46: fless than $400, top, you dont we sell.ementax Exooptions AN 400 V ohuroh amploys Income, antar and continua Ac 58 Enter your bhuroh employee Income Fam W.R. Sanctions for det church employee income sa Multiply lina sa by 92 355 (0.595) Is than $100. Antar- OD 8 Add has 46 and tib 7 Maximum amount of combinad Wagas and saltemployment aming tao, narty tax or the one 17 raivaad retirement (tor) to low 2020 Sa Total social necunty wages and totaal Gl bones and an FOMEN and railroad ratiraman (tier compensatan 7.700 mars Bh through 10, and go to lina 8a b Unreported tips subject to soca era from farm 10 8b o Wagas subject to social security tax from 10 80 d Addines Sa Band Be 8d e Subtract line Ba from arohanan n and go 9 10 Multiply the emaliorating din 24 24 10 11 Multiply in Guy 2.954020 11 12 Belf-employment tax. Node 10 and Enthare and en Bonadulo 2 (Form 1040), lina - 12 13 Deduction for one-half of coit.employment tax Multiply line 2 by 600). Entar hore and on Bohedule Form 1040 un 14 13 Part II Optional Methods To Figure Net Earnings (see instructions) Farm Optional method. You may used only a seaman mo 58,460, or (b) your net tam promit ware than a 14 Maximum income for aptaminad 14 6,640 16 Enter the emellert two-thirds of cross troncom noen traner or some an inou 15 Nonform Optional Mothod. You may use the method only favourite wat ass G. 107 and also less than 72.1894 our greinontam come and began saremman of at least $400 in 2 of the prior wars Oaution You can ea 16 Subtracting 15 from na 14 16 17 Enter the cmallorowo-thirds of cross nostre meoma moto menors or the amount on in 16. Also include this amount ning 17 From Sch. Fond schke ( FOR Fitom 2 Form - From Sch. Fine 54 and Sch Foods Amount Vou would have Bardian ini hanya datang For IOC For Paperwork Reduction Act Notiope your tax return notructions Bandun BE Form 1040 2020 WARREIRI TARIM Identifying numbor 412-34-5670 Namas shown on retum Business or activity to which this form alates Norman Beber Partl Election To Expense Certain Property Under Section 179 Note. If you have any listed property, complete Part V before you complete Part. 1 Maxmum amount (instructions) 2 Total Cos of action 179 property placed in service (see Instructions 3 Threshold cast of section 179 property before reduction in limitation (see Instructions Reduction in imitation. Subtract line 3 from line 2. If zero or loss, antar -0- 6 Dollar tation for tax year. Subtractine 4 fram tina 1. zora or loss, antar -0. maria lung separately see instructions (b) Cast (business B (a) Description of property use only) (0) Elected cost Various pieces of equipment 1 2 3 4 4 6 0 8 0 9 10 11 12 Listed property. Enter the amount from line 29 & Tota lected cost of section 170 property. Add amounts in column is lines and Tentativa deduction. Enter the smaller of ine 5 or lina e 10 Carryover of disalowed deduction from line 13 of your 2019 Fom 4562 11 Business Income limitation. Enlar the smaller of business income not loss than zarooriline G. Sed instructions 12 Section 179 expense deduction. Add lines 9 and 10, but don't antar more than line 1 13 Carryover of disallowed daduction to 2021. Add lines 9 and 10 less line 12 13 Note. Dont use Part II or Part below for listed property. Instead, use Part Part II Special Depreciation Allowance and Other Depreciation (Don't include listed property. See instructions) 14 Special depreciation allowance for qualified property (other than isled prepari padaviceringate waarinstructions 15 Property subject to section 16811.)lection 18 Other dopraction (including ACRS) Part III MACRS Depreciation (Don't include listed property. See instructions.) Section A 17 MACRS deductions for a placed in service tax years haginning batan 2020 18 If you are alacting in group any assets placed in service during the tax year to one or more na tonta, check here 14 16 18 o Diction deducson Section B-Assets Placed in Service During 2020 Tax Year Using the General Depreciation System TO) Bato | | Online | ID) Manth And Var (a) Classico businessman id Raadid y of Vand Mathod Bladda USIS HIVI dans 180 2-year property barat 0 Troporty d to voar pro leylanty 20-year property 0 25-ear 25 yrs SIL | h Residential rontal 127161YS. MM SIL party MM SIL INonresidential MM SIL property MM SL Section C-Assets Placed in Service During 2020 Tax Year Using the Alternative Depreciation System 200 Class SIL b 12-year 12 yrs SU 030-voar 30 yrs MM SILI d 40-voar 140 MM SIL Part IV Summary (See Instructions 21 Listo prodort Entrail from a 22 Total. Ala amanitro 12 14 through the protein Woutrot Partnerships coram 29 F Shawn cadrul 35 20 276 VIES 09 21 22 Pren 1 of 1 Hunarena Amardan Son Form 4797 Page 1. OMB NO. 1546-0184 Form 4797 Sales of Business Property (Also involuntary Conversions and Recapture Amounts Under Sections 179 and 280F(b)(2)) Attach to your tax ratum. Go to www.ire.gov/Form4707 for Instruotone and the lato cf Information, 2020 Department of the Treasury Attachment Sequenca No. 27 Internal Revenue service Namals shown on ratum Identifying number Enter the gross proceeds from sales or exchanges reported to you for 2020 on Forma 0199.8 or 1099-5 for substitute statement that you are including on line 2. 10. or 20. See Instructions Part1 Sales or Exchanges of Property Used in a Trade or Business and involuntary Conversions From Other Than Casualty or Theft Most Property Held More Than 1 Year(see instructions) a) Doprodation in Cost or other basis. To Gain or (logo) (a) Description of (o) Date sold(ma. (b) Date acquired (mo.. (d) Gross sales price Allowed or Allowable plus improvements and day, V. Subtract from the property day, V, sinca acquisition expense of sala sumar Anda 0 0 0 s Ganifany, from Form 4684) na 39 4 Section 1231 gain from installment sales from Farm 6252, line 26 or 37 5 Section 1231 gain or loss) om ke kind exchanges from Form 8824 8 Gain, if any, from line 32, from other than casually or that 7 Combina lines 2 through 6. Enter the gain or loss here and on the appropriate the follows Partnerships and 8 porporations, Report the ganar Con Following the strenor Farm 10 Schedule line 10, or Form 120.5, Schagua kali sand 12 Belaw Individuals, partnere, & corporation Chareholders, and all other fine tramandan below and skin lines 8 ana o mins again and you didn't have any prior year section 1281 one, or they were records an earlier anter the gain from ine as a long-term conta gain on the schedule with your return and alleines 8 Nonrecaptured not section 1231 lecsetrom Ador vaara. See instructions 8 Subtractia tromline Fortron armasi mom na online below. Der han order tha amount om ine son in 12 low and enter the gan rom has a hermano gain on the Senator instructions Part II Ordinary Gains and Losses see instructions) 10 Ordinary gains and local and through include partida 0 0 11 Lass, tantrama 111 12 Gain it and the nation amount om in the cable 12 13 Gain any trom in a 13 14 Not only from Fam 4584 14 15 Ordinary gain from timentos from Fam 0202 in 26 16 18 Ordinary gain or dam-da axchange am F14 18 17 Combina lines to hauon 16 13 For at except individual returns, enter the amount or an area and law. For individual un completo na ab all the loss on the includes from fame chansonora from income-producing property on Schodu Fomen aporty od as an emaidontity as fram formator Barce 13a b Radeta hegan ondoas, excluding tabasa Roma Part 4 180 For Paperwork Reduction Act Notion Geacaparate intruction NO THIS FORMIGABIMULATION OF AN OFFICIALUEITAX FORM.IT NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILING OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL, 2021 Moraw-HI Eduoation Hem 4787 2020 Puey 1 of Form 4797 Page 2 Form 4797 (2020) Part III 18 (a) Description of section 1245, 1260 1262 1264 or 1255 property (b) Date acquired (mo(o) Date sold ma. day. day. Y) B c Property D D Theco Dolumns relate to the properties on linos 18A through 1801 Property A Property B Property C 20 Girass sales price (Note: See One 1 before completing 20 21 Cost ar other basis plus expanse of sale 21 22 Depreciation for depletion) Allowed or alowa bio 22 29 Adjusted basis Subtract line 22 from line 21 23 0 0 24 Total gain. Subtract lina 23 from tine 20 24 0 25 if cotton 1245 property: Dapreciation abowed or towable from line 22 25a b Enter the smaller of time 24 ar 25 26b 28 if ceotion 1250 property: If straight line depreciation was used, antar -0-on line 269, except for a corporation subject to Section 291 Additional depreciation after 1975. See Instructions 28a b Applicabla parcentage multiplied by the emalier of line 24 or line 26 Se Instructions 286 o Subtractin 26a from lina 24. If residential rental property or line 24 isnt more than Ina 26a, skiplinas 260 and 260 280 d Additional coprodation after 1969 and before 1976 2ed Enter the cmaller of line 26c ar 266 28 f Section 291 amount (carparations only 287 Add Enes 266, 260, and 26 2eg 0 27 if ceotion 1262 property Skip this section Vou didna abpasa of farmland or if the form is being completed fara partners a Sol water and land cleaning 278 b Line 27a mutillas by applicable partenaga. See Instruction 276 o Enter the smaller chline 2427 270 23 Ir teotion 1254 property a lotane bijeliling and savelanmest kenditures for development of and oral de mingexp OR OTanpito. Sindirana 2.80 b Enter the smaller 22 28 28 Itacto 125 pretty applicable perdantage of caymarxad from come under sacan 120. 2B D Enter the smaller at no 22 or 2. ostrugang 28 Summary of Part II Gains! Complete property columns Athrough through line 296 before going to line 30. 30 toladora del SIDE 30 $1 Acd property dams Atmon Des 200 160.27 28 and 29. Ea 31 32 Subtract lina astron 10 Entartha parimatua ty on that her hansiate the an Farm 4797 G 32 Part IV Recapture Amounts Under Sections 179 and 280F(b) When Business Use Drops to 50% or Less (see instructions) a Baotien 17a 1 Satlan 2021 30 S8 Saction 179 ponte soduction or another 34 Roomdutos deptacia Sudantrations 34 36 Router suitected from the 53. Saat ini $6 Q 1477 THIS FORMISA BIMULATION OF AN OFFICIAL UBITAXIFORMITIR NOT THE OFFICIAL FORM ITSELF DO NOT USE THIS FORM FOR TAX FILING 3 OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL, 2021 MoGraw-Hill Education Prey CM Na, 1545-0123 Form 8995 Qualified Business Income Deduction Simplified Computation Attach to your tax ratum. Go to www.irc.gov/Form3995 for instructions and the latest Information 2020 Department of the Treasury Intan Revue Bor.ca Namo s shown an ratum Allachman Sonce No. 66 Identifying number XXXX-XXK Nots. You can claim the qualified business como deduction only if you have qualified business ingame from a qual nod trade or business real estate vestmant trust dividonds, public traded party income, or a dameste production activities Goduction passed through from an agricultural or horticultural cooperativa. See Instniction Use this form it your taxable income, Dolore your queried business income deduction is ator below 5102 300(5326, GOD maneating only and you atenta patron of an agricultorbritual.com b] Taxpayer (c) Qualified (a) Tiado, business or aggregation name dontication business income number or (loss) 1 IV 2 Total Quartos bus came or combine the thought to a Start haalala Ositio business net loss) forward from the anayear Total qualities business carrie Gombonas 2 and 3 or lottato. 5 Quated business come camponert. Mathe by 200 201 Die REIT alones and sublay traded parash Teeme er det Oiled REIT dienos ara suated Press cartonward to the gror year Total REIT diners and ATP e Caminas Edit 7 bu B REIT PTE.manent. Mayo 2015 Dabune o afore the commitation Messa 1t Tatatia ineans eators duaited userseoclthan 12 12 Naat CADA couco Sastract 121.1 or as a 12 LE 54 commitation Multiply 20 20 Busios binaas comia cathe Entertaissier at dette Tabacs cartowa.com anderen 17 TO REIT dia and PTP lasatawanci Cara DH For PINOY Aot and Paperwork Reduation Act Noso, ceo Intructions MEDIC THIS FORMIRA SIMULATION OF AN OFFICIALUL TAX FORMETIS NOT THE OFFICIAL FORM TEELF DO NOTHIE THE FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL ECO Mora Hill Education, Tenteras rega JE For 3885 2020 Form 4797 PG2 Chapter 7 TRP 7-3 Norman and Leslie Beber are married and file a joint return in 2020. They live at 12345 Hemenway Avenue, Marlborough, MA 01752 Norman is a self-employed tax preparer and his SSN IS 412-34-5670. Leslie is a software programmer and her SSN IS 412-34-5671. She had the following income and expenses for the year: Leslie's W-2: Gross wages Social security tax Medicare tax Federal withholding tax State withholding tax $ 180,776 6, 248 1,461 18,735 4,800 Norman was the sole proprietor of NAMA Tax Service. His business is located at 123 Main Street, Marlborough, MA 01752, and his business code is 541213. He had the following revenue and expenses (Cash basis): Revenue $ BO.ee Expenses: Advertising 1,200 Insurance 3,200 Telephone 2,400 Office rent 18, eee Utilities 4, Office supplies 5,000 Depreciation 6,41 must be allocated to the 1231 assets listed next) Norman had the following business assets Office furniture Purchased for $4.950 on May 20, 2018. The equipment is being depreciated over seven-year MACRS 200% declining balance. Norman sold it on May 15. 2020. for $4,000. Office equipment Purchased a copler for $13.800 on January 10, 2020. The copler is being depreciated over five-year MACRS 200% declining balance. Norman makes no elections for $ 179 or bonus depreciation Computer and equipment Purchased a computer system for $8.900 on January 2, 2019. The computer is being depreciated over five-year MACRS 200% declining balance. Norman makes no elections for $ 179 or bonus depreciation Norman and Leslie had the following other sources of income and deductions Interest from a CD in the amount of $1.410 Long-term loss carryover from 2019 of $5.000 Real estate taxes of $8.459. Home mortgage Interest of $16,600. Charitable contributions in cash over the year of $2.500. all receipts and acknowledgments were received from the charitable organizations 1 Required: Prepare Form 1040 and all related schedules, forms, and worksheets for Norman and Leslie Beber for 2020. The Bebers do not donate to the presidential election campaign (Instructions can be found on certain cells within the forms. List the names of the taxpayers in the order in which they appear in the problem. Indicate losses with minus sign and enter all other values as positive amounts. Round your Intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.) 10 points Use the appropriate Tax Tables Tax Rate Schedules and Depreciation Tables (6A-1, 6A-2.6A-3.6A-4 and 6A-5). eBook 1040 for a couple Married Filing Jointly with no dependent. Print 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule A Schedule C Schedule D PG 1 Schedule D PG 2 Schedule SE Form 4562 Page 1 of Form 1040. Use provided information and follow instructions on form. Form 1040 Department of the Treasury Internal Revenue Service (99) U.S. Individual Income Tax Return 2020 OMB No 1545-0074 IRS Use Only Do not write or staple in this space ho Filing Status Single Married filing jointly Married fing separately (MFS) Head of household (HOH) Qualifying widowien (aw Check only f you checked the MFS box, enter the name of your spouse. If you checked the HOH or QW box, enter the child's name if the qualifying person is one box a child but not your dependent Your first name and middle initial Your social security number Last name (Enter as xxx-XX-XXXX) Norman Beber 412-34-5670 it joint return, spouse's first name and middle initial Last name Spouse's social security number (Enter as XXX-XX-XXXX) Leslie Beber 412-34-5671 Home address (number and street) you have a PO box see instructions Apt no Presidential Election Campaign 12345 Hemenway Ave, Check here if you, or your spouse if filing City, town, or post office. If you have a foreign address, also complete spaces below jointly, wants to go to this fund Checking a box below will not change Marlborough, MA 01752 your tax or refund. Foreign country name Foreign province state/county Foreign postal code You Spouse At any time during 2020, did you receive sell send exchange or otherwise acquire any financial interest in any virtua 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, 1966 I Are blind Spouse Was born before January 2, 1958 is blind Dependents (see instructions: (2) Soojal secunty number (3) Relationship to you (4) V If qualifies for (see instructions) it more than four (1) First name Last name (Enter as 100-300 Credit for other Child tax credit dependents. See dependents inetnictins and Mc Graw HIN Lda Prey 1 of Next Juu. Atun Mandorpugn, MA 01154 Foreign country name Foreign province/state/county Foreign postal code You Spouse 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, 1058 is blind Dependents (see instructions): (2) Social security number ) (3) Relationship to you (4) il qualifies for (see instructions): Credit for other If more than four (1) First name Last name (Enter as xxx-06-2000) Child tax credit dependents dependents, see instructions and check here 1 1 Wages, salaries, tips, etc. Attach Formis) W-2 2a Tax-exempt interest 3a Qualified dividends 2a b Taxable interest Attach Sch. Bif required 2b 3a b Ordinary dividends 3b 4a IRA distributions 4a b Taxable amount 4b 5a Pensions and annuities Sa b Taxable amount 5b 6a Social security benefits b Taxable amount 6b 7 Capital gain or loss) Attach Schedule Dif required. If not required, check here 7 8 Other income from Schedule 1. line 9 8 0 0 0 9 Add lines 1, 2, 3, 4, 5, 6, 7 and & This is your total income 9 10 Adjustments to income Standard Deduction for- a From Schedule 1. line 22 10a Single or Mamed filing separately. b Charitable contributions if you take the standard deduction See instructions 10b $12.400 Married filing jointly Add lines 10a and 10b. These are your total adjustments to income 100 or Qualifying 11 Subtract line 10c from line 9. This is your adjusted gross income 11 widow(er). $24.800 Head of 12 Standard deduction or itemized deductions from Schedule A) 12 household, 518,650 If you checked any 13 Qualified business income deducton Attach Form 8995 or Form 8995-A 13 box under Standard Deduction see 14 Add lines 12 and 13 14 instructions 15 Taxable income Subtract line 14 from line 11 If zero or less, enter-O- 15 For Disclosure, Privacy Act and Paperwork Reduction Act Notice, see separate instructions. Dat No. 113208 THIS FORM IS A SIMULATION OF AN OFFICIALU.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 Form 1040 (2020) 1040 PG 2 > Page 2 of Form 1040. Some information does not carry over from Page 1. Form 1040 (2020) Norman Beber Leslie Beber Page 2 412-34- 5670 (2) 4072 16 Tax (see instructions). Check if any from Form(s); (1) 9814 (3) 16 17 Amount from Schedule 2. line 3 17 18 18 Add lines 16 and 17 19 Child tax credit or credit for other dependents 15 20 Amount from Schedule 3, line 7 20 * 21 Add lines 19 and 20 21 22 22 Subtract line 21 from line 18. If zero or less, enter-0- 23 Other taxes, including self-employment tax, from Schedule 2, line 10 24 Add lines 22 and 23. This is your total tax 23 24 25 Federal income tax withheld from: a Form(s) W-2 25a 25b 250 D Form(s) 1099 c Other forms (see instructions) d Add lines 25 through 250 26 2020 estimated tax payments and amount applied from 2019 return 27 Earried income credit (EIC) 250 25 27 If you have a qualifying child attach Sch. ElC. If you have montable combat pay, see instructions 28 Additional child tax credit. Atlach Schedule 6812 28 25 30 29 American apportunity credit from Form 8883, tine a 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 refundablo credite 33 Add lines 250, 20, and 32. These are your total payments 34 ir line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid 31 32 0 33 O 34 Refund 35a Amount of line 34 you want refunded to you an 8088 is attached thick hern 35a Routing number Direct deposit? See instructions , Chedine Savings d Account number GE 37 34 Amount of lina 34 you want applied to your 2021 estimated tax Amount You 37 Subtract fine 33 fram line 24. This is the amount you owe now Owe Note: Schedule and schedule SC Bilers, ne 17 may not representa oftheawen you own for 2020. See Schedule line 12 For details on how to and its instructions for details pay see instructions. 33 stimated tex penalty is instructions) Third Party Do you want to allow another person to discuss this return with the RSS intruction Designee 38 F Yes Complete Below NO Designs name Pre Pional ldentification number (PINY Sign Here Under penales of perjury. I deciate that I have extind this and accompanyies and rest, and to the best of my knowledge and belief they are true correct and complete Declaration of propertothecitar la sedentaritone which prepare any wedge Prev 1 of 1 Next OMB No. 1545 0074 SCHEDULE 1 (Form 1040) Additional Income and Adjustments to Income 2020 Attach to Form 1040. 1040-SR, or 1040-NR. Department of the Treasury Internal Revenue Service Attachment Sequence No. 01 Go to www.irs.gov/Form 1040 for Instructions and the latest Information Name(s) shown on Form 1040 or 1040-SR Your social security number Norman 412-34-5670 Parti Beber Leslie Beber Additional Income Taxable refunds, credils, or offsets of state and local income taxes Alimony received 1 1 2a 2a b 3 3 4 4 Date of original divorce or separation agreement (see instructions) Business income or loss). Attach Schedule C Other gains or losses). Attach Farm 4797 Rental real estate, royalties, partnerships. S corporations, trusts, etc. Altach Schedule E Farm income or (los). Attach Schedule F 4 5 5 6 G 7 Unemployment compensation 7 7 8 Other income. List type and amount 8 9 9 Part II 10 Combine lines 1 through B. Enter here and on Form 1040 1040 SR. O 1040 NR. Iine & Adjustments to Income Educator experises Certain business expensus of reservists, performing artists and fee base government officials. Attack Ferm 2106 Health Savings account deduction Kitachi Farm Ban 10 11 11 12 12 13 13 Moving expense for ramburs of the Armed Forces Attach Form 3903 Deductible part of self umployment tax: Attach Schedule SE 14 14 15 Sulf employed SOP SIMPLE and qualified and 15 16 Sulf oployd health insurance induction 16 17 Penalty or ently withdrawal of savings 17 18a Abrony paid 189 b Recipient SSN Dale of unglalvare or epitration greeme (see restructions 19 IRA deduction 19 20 Student loc intrat deducit 20 0 21 Tuition and feed seduction. Attaci Fem 1817 21 22 Add lines 10 through 2: These are your adjustments to income the here and en Farm 140 SR or 1040 NR. Ane 109 22 For Paperwork Reduction Act Notice. Bee your tax return instruotione B. Na THIS FORM IS A SIMULATION OFAN OFFICIAL US. TAX FORM. TIES NOT THE OFFICIAL FORM ITSELF DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL & 2021 McGraw-Hill Education Schedule 1 (Form 1040) 2020 Prev 1 of 1 Next 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule A Schedule a Schedule D PG 1 Schedule D PG 2 Schedule SE Form 4562 Schedule 2 of Form 1040. 2020 Beber SCHEDULE 2 Additional Taxes OMB No 1545-0074 (Form 1040) Department of the Treasury Attach to Form 1040 or 1040-SR Internal Revenue Service Go to www.lrs.gov/Form 1040 for instructions and the latest Information. Attachment Sequence No 02 Name(s) shown on Form 1040.1040 SR, or 1040 NR Your social security number Norman Beber Leslie 412-34-6870 Partl Tax 1 Alternative minimum tax. Atlach Form 6261 2 Excess advance premium tax credit repayment. Attach Form 8962 2 3 Add lines 1 and 2. Enter here and on Farm 1040 1040 SR. or 1040 NR, line 17 3 Part II Other Taxes 4 Self-employment tax. Attach Schedule se 4 5 Unreported social security and Medicare tax from Form a 4137 b8919 5 6 Additional tax an IRAs other qualified retirement plans, and other a favored accounts Allach Form 5929 Frete 7a Household employment tixus tachy Schedule 7a Repayment of first time homebuyer tetor Form 5405. Auch Foem 5405 required 7b 8 Taxes from la Form 1959 born 1960 3 Instructions enter code(s) 9 Section 985 net tax liability installment from Forn 985 10 Add lines through a These are your total other taxes. Enter ate and on fanno 1640 Form 1040 NR. ne 236 10 0 For Paperwork Reduction Act Notice, Bee your tax return inetructione, OMNIBU Schedule 2 (Form 1040) 2020 THIS FORM IS A SIMULATION OF AN OFFICIALUS. TAX FORM. IT IS NOT THE OFFICIAL FORMIT SELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 2021 McGraw-Hill Education IS Schedule 1 Schedule A > Your coolal ceourity number 412-34.5670 Internal Revenue SIGA the instructions for Ina 16. Name(s shown on Form 1040 or 1040-SR Norman Beber Leslie Beber Medical Caution: Do not include expenses reimbursed or paid by others. and 1 Magical and dental expenses (see Instructions) Dental 2 Enter amount from Form Expenses 1940 or 1040-SR, aina 11 3 Multiply line 2 by 7.6% (0.075) 4 Subtract line 3 tromline 1. If line 3 is more than line 1. enter-0. Taxes You 6 State and local taxes. Paid . State and local income taxes ar general sales taxes. You may include akher Income taxes or general sales taxes on line 6a, but not both. It you alect to include genaral sales taxes instead of income taxes check this box 5a 1 + b State and local real estate taxes (See Instructions 55 o State and local personal property takes 50 58 d Add lines 5a through Go . Enter the smaller of line Sd or $10.000 (55.000 ir married, tiling separately) 8 Other taxes List type and amount be B Interest You Paid Z Add lines ba and 6 3 Home mortgage Intarase and points in you dontal on our Roma maranga ands to buy. Budd, or improv your home Instructions and the box a Home mortgagentarest and saints raporodta vuon Form 1099, Sotructions mitad b Hama marang terest abt reported to you an Farm ange sea Instructionsmited paid in the bartoon wo you bought the home Goalinavuctions and show that person name, dentitione and add Sa Caution: Your mortgage least dnduction may be enite se inglesang sb o Poland road is van Foming Sood 80 d Morgaga reaction 30 And lines ia through a 30 B Investissent interest Attach Farm reduktions 10.fed linas Gifts to 11 Gifts by Coach inguruan Charity F12 ban hordhadde szerine, Caution: you Beratutakou must alla Fame 18 made gift and go 15 Carroverdrom noryser 19 entant # Fratruction 14 dienas un 13 ANG Casualty and 15 Casualty and the USA Theft Losses Attach Farm Andere Other Teractions and Itemized Deductions 17 Add the amount om Total or 104-SRR Itemized Deductions 15 mins to do Attachment Sequence No. 00 Attach to Form 1040 1040-8R, 1040-NR, or 1041: partnerchipe generally mustria Form Internal Revenue Service (99) 1086. Name of proprietor Norman Beber Leslie Beber A Principal business or profession, including product or service See Instructions) Soolal ceourly number (38) 412-34-5670 B Enter ooda fram Instructions C Business name. no separate business name, leave blank. D Employer ID number (EIN), (cou inctr.) E Business address including Suite or room no. City, town or post office, state, and ZIP code F Accounting method: (1) Cash (2) Accrual (3) Other spediyi 13) Did you materially participate in the operation of this business during 20207 If "No, soc Instructions for limit on lasses Yes i No DOO H #you started or acquired this business during 2020, check here Old you make any payments in 2020 that would require you to the Farms] 10997 See instructions Yes No Ji Yos. did you or will you file required Forms 10997 Yes No Partl Income 1 Gross receipts of sales. See Instructions for line 1 and check the box if this income was reported to you on Form W-2 and the statutory employee bax on that form was chackad 2 Returns and alowances 2 3 Subtract line 2 from line 1 3 4 Cost of goods sold (from no 42) 4 6 Grote pront. Subtract line 4 from line 3 6 8 Olhor income, including federal and state gasoline or fuel tax creditor ofuna (sas instructions @ 7 TOGE Indomo. Add linas 5 and G 7 Part II Expenses. Enter expenses for business use of your home only on line 30 & Advertising 18 mchaxnansa e instructions 13 B Car and truck expenses ( 18 Panson and Brottsharing and 18 Instructions) 20 Rant or lostructions 10 Commissions and as 10 a Monicles machinery and coulomen 200 11 Contract labor (sanstructions 11 b Other Bus operty 200 12 Depletion 12 21 Repair and mananca 21 13 Depreciation and section 179 32 Sunale non in Pa expanse deduction (not included 23 and license in Part til isoo instructional 13 24 Trend 14 Employee benefit programs at 248 Tour than on line 101 14 badutham 16 Insurance father than health 16 Infiniti 240 18 Interests instrucs 26 26 Mortgage paid to banks, ato) 1ea 28 WSGAR Olher 16b 27a Ciharosadith le 275 17 Legal and professional services -17 bocarved for futuro uc 278 28 Total oxpence before expenses for single of Name Address through 2 28 Tentativa peoti ar cosa. Subtractii a fome? 30 Expenses for business use of your name antropone danses awach am 29 unions using the simdidied mad. Soe instructions Bimplified method for only onto the total sustrata dhama and to the art of your home des for Business Da Matha Workshoot in the ninctions to figure the amount to to 30 31 Net profit or loco). Subtract 30 faina 20 . If a patitanter on both Bohedule 1 Form 1040 in and on Bonadule E ilne 2 r you checked the the sono state and in Form 10 line 2 31 It alloss you must go to 2 32 If you have a loss, check the baxirs you investido - If you checked 22 anto the son bot Bohedule 1 (Form 1040), lina Sohedulede na 2 32a hit checked the box one 1, the the actions. En Form 1041.in ab om man If you chand 320 You much attach Form 12. vos may For Paperwork Reduction Act Notice, cao the Separato instructions CON134 Sohedule CitForm 1040) 2020 TUIERCIO ALLATION AC ACEITAMENTITUEERING COMITAS OTO TUNTAM Prev 1 of 1 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule A Schedule a Schedule D PG 1 Schedule D Schedule SE Form 4562 PG 2 Schedule D Page 1 of Form 1040. 2020 LNT Yes SCHEDULED Capital Gains and Losses OME NO. 1645-0014 (Form 1040) Attaoh to Form 1040 1040-SR, or 1040-NR. Department of the Treasury Go to www.irc.govitoheduled for instructions and the latest Information Intemal Revenue Servica (99) Uca Form &e4e to let your transactions for lines 1b, 2, 3, Sb, 9, and 10. Attachment Sequence No 12 Name(s shown on rolum Your coolal Gaourity number Norman Beber Leslie Beber 412-34-5870 Did you dispose of any investments in a qualified opportunity and during the tax year? No It "Yes, attach Form 80 49 and ses its Instructions for additional requirements for reporting your gain or loss, Partl Short-Term Capital Gains and Losses-Generally Assets Held One Year or Less (see instructions) (a) Adjustments to See instructions for how to figure the amounts to enter on the lines below. (d) Proceeds (sales (o) Con (or other gain or loss from (hy Osin or loct), subtrad column (a) from price basis) Forms) 8949. Part column (d) and combine the result with column igl This form may be easier to complete If you round oft cents to whole dollars. line 2 column to 1a Totals for a short-term transactions reported an Farm 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 at these transactions on Fam 8949, leave this the blank and go to line 1 10 Total for all transactions reported on Forms) 8949 with Box A checked 2 Totais lar al transactions reported on Formis) 8949 with Box checked 0 8 Totals tor al transactions reported on Formis) 8949 with Box C checked 4 Shart-term gain from Farm 6252 and short-term gain or loss trom Forms 4684 and ee24 E Net short-term gain or loss) from partnerships, scorporations, astates, and trust Tom Schedule 5 6 Short-term capital loss canyoya Enter the amount: if any, Mram Thaa at your Capital Locc Carryover Work chaat in the Instructions Enter ac negative 7 Net chort-term capital gain or (cc). Combinaties 15 rough Gin column thou have anyong tam capital and or losse go to Part II below. Otherwise, go to Part on page 2 Part II Long-Term Capital Gains and Losses Generally Assets Held More Than One Year (see instructions) So natructions for how to figure the amounts to enter on the imas below ColAdlustments to (d) Roca Cala adoro ram tha Gain or loco. Suburact columns from BI continebanFormis 9.9. Particolumn las and combine the result with calumno This form may be cover to complete it you round oft contato whole dollars Und 2 columna Sa Totais for a long term transactions portadan Form 1099-B for which bass was reported to the IRS ana for when you have no ajustments 1800 instruction. However ou choose to report all those transactions on Form B929. aave this line bank and eo to nie 86 Bb Tatais oral transactions reported on Forms age. We Box DC B Totals for at transaction read an Farmia 1949 with Box Echa WALI 0 10 Totais for a transaction reported an Fomei 2949 with Box Fchecked 11 Gain from Form 4797. Partlong-term gall from For 249 and 5252 FEB.STL ang 8824 11 12 Not long-tomm sin or inssi from partnerships. Somerations estatal se transfrom sch 18 Capital gain distributions. See the instructions 13 14 Long-term capital los canavar Enter the amount from 3r Cepital LOL Carryover Workcheat in the nations Enter ac negativa) 14 1E Net long-term capital gain or (locc). Combine has 8 14 Numah PAGB 16 For Paperwork Reduotion Aot Notion, so your tax return inctruotionc. Cat No 33 Bohedule Form 1040) 1020 THIS FORMIGA SIMULATION OF AN OFFICIAL U. TAX FORM.IT IS NOT THE OFFICIAL FORM ITSELF DO NOT USE THIS FORM FOR TAX FILING & OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL: 32021 MoQraw-HI Education, Schedule C Schedule D PG 2 > 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule A Schedulec Schedule D PG 1 Schedule D PG 2 Schedule SE Form 4562 Schedule D Page 2 of Form 1040. Schedula D Form 1040) 2020 Norman Beber Leslie Beber 412-34-5670 Page 2 Part III Summary 18 Combine lines 7 and 15 and enter the result 18 If line 16 is a gain, enter the amount from line 16 on Farm 1040 1040-SR of 1040-NR. Iine T Than go to the 17 bolow - If line 16 is a loc, skip lines 17 through 20 below. Then go to line 25. Also be sure to completa line 2 If line 16 is zero, skip lines 17 through 21 below and entero.on Form 1040 1040-SR o 1040.NR.Than, go to line 22 17 Are Tines 16 and 16 both gains ? Yot. Go to line 18 No. Skia inos 18 through 21, and go to line 22 18 If you are