General Information:

Robert Jones (SSN: 442-55-7767) is a widower whose wife, Jenny, died on June 6, 2019. (Hint: Take this information into consideration when selecting Roberts filing status).

Roberts birthday is 05/06/1971.

Robert lives at 6643 Helen Street, Newberry, MI 49868

Robert received the appropriate coronavirus recovery rebates (economic impact payments); related questions in ProConnect Tax should be ignored.

Robert does not own and did not use any virtual currency during the year.

Robert does NOT want to contribute to the Presidential Election Campaign Fund.

During 2021, Robert furnished over half of the total support of each of the following individuals, all of whom live in his home:

Creed Jones (SSN: 123-45-1234). Creed is Roberts oldest son. He is a full-time graduate student. Creed has $5,000 in gross income. His birthday is 06/20/1991.

Steven Jones (SSN: 123-45-6765). Steven is Roberts son. His birthday is 06/30/2011.

Nora Jones (SSN: 123-45-6764). Nora is Roberts daughter. Her birthday is 06/22/2014.During 2021, Robert had the following items: $85,000 salary from Western Law, Inc. Robert is a paralegal. According to Roberts W-2, Western Law, Inc. withheld Federal income tax of $4,500, and the appropriate amount of FICA taxes from his wages.

Interest income: o Savings account at Wells Fargo Bank : $400

o State of Michigan bonds: $2,000

o Blue Corporation bonds: $1,000

Life Insurance proceeds $100,000

Proceeds received from sale of McMillian lot $80,000

Additional Information:

Roberts favorite aunt Carol died in 2021. Robert was the designated beneficiary on an insurance policy on Carols life with a maturity value of $100,000.

The lot in McMillian was purchased on May 2, 2015, for $85,000 and held as an investment. Because the neighborhood has deteriorated, Robert decided to cut his losses and sold the lot on January 5, 2021, for $80,000.

o Hint: This loss should be reported on Roberts Schedule D (Capital Gains and Losses). More specifically, it should be reported in Box F because this is a longterm transaction for which Robert cant check box D or E because he did not receive a Form 1099-B.

Robert doesnt have enough deductions to itemize. Therefore, he will take the standard deduction for 2021.

Prepare Roberts 2021 tax return in Intuit ProConnect.