Group 5: Cumulative Software Problem 1. The following information is available for the Albert and Allison Gaytor family in addition to that provided in Chapters 1, 2, 3, 4, 5, 6, and 7. On August 14, 2019, Allison purchased the building where her store is located. She paid $335,000 for the building (including $100,000 for the land it is located on). Allison's store is the only business in the building. The depreciation on the store needs to be reflected on Schedule C of the business. Required: Combine this new information about the Gaytor family with the information from Chapters 1, 2, 3, 4, 5, 6, and 7 and complete a revised 2019 tax return for Albert and Allison. This completes the Group 5 multichapter case. Qualified Dividends and Capital Gain Tax Worksheet-Line 12a Before you begin: See the earlier instructions for line 12a to see if you can use this worksheet to figure your tax. Before completing this worksheet, complete Form 1040 or 1040-SR through line 1 1b. If you don't have to file Schedule D and you received capital gain distributions, be sure you checked the box on Form 1040 or 1040-SR, line 6. 1. Enter the amount from Form 1040 or 1040-SR, line 1 1b. However, if you are filing Form 2535 (relating to foreign earned income), enter the amount from line 3 of the Foreign Earned Income Tax Worksheet 2. Enter the amount from Form 1040 or 1040-SR. line 3a" . . . . . . . . . . . . . ..... . . . . . . ...... 2. 3. Are you filing Schedule D?* Yes. Enter the smaller of line 15 or 16 of Schedule D. If either line 15 or 16 is blank or a loss, enter -0-. ONo. Enter the amount from Form 1040 or 1040-SR, line 6.Qualified Dividends and Capital Gain Tax Worksheet-Line 12a Before you begin: See the earlier instructions for line 12a to see if you can use this worksheet to figure your tax. Before completing this worksheet, complete Form 1040 or 1040-SR through line 1 1b. If you don't have to file Schedule D and you received capital gain distributions, be sure you checked the box on Form 1040 or 1040-SR, line 6. 1. Enter the amount from Form 1040 or 1040-SR, line 1 1b. However, if you are filing Form 2555 (relating to foreign earned income), enter the amount from line 3 of the Foreign Earned Income Tax Worksheet . . . ..... 1. 2. Enter the amount from Form 1040 or 1040-SR. line 3a* .. . . . ....... 2. 3. Are you filing Schedule D?* Yes. Enter the smaller of line 15 or 16 of Schedule D. If either line 15 or 16 is blank or a loss, enter -0-. ONo. Enter the amount from Form 1040 or 1040-SR, line 6. 4. Add lines 2 and 3 . .. . .... 5. If filing Form 4952 (used to figure investment interest expense deduction), enter any amount from line 4g of that form. Otherwise, enter -0. . ......... 5. 6. Subtract line 5 from line 4. If zero or less, enter -0- 7. Subtract line 6 from line 1. If zero or less, enter 0- . . ... . .. 7. 8. Enter: $39,375 if single or married filing separately. $78,750 if married filing jointly or qualifying widow(er), $52,750 if head of household. 8. 9. Enter the smaller of line I or line 8 9. 10. Enter the smaller of line 7 or line 9 10. 11. Subtract line 10 from line 9. This amount is taxed at 0% 11. 12. Enter the smaller of line 1 or line 6 12. 13. Enter the amount from line II ..... 13. 14. Subtract line 13 from line 12 . . 14. 15. Enter. $434,550 if single, $244,425 if married filing separately. $488,850 if married filing jointly or qualifying widow(er). ............ 15. $461,700 if head of household. 16. Enter the smaller of line I or line 15 . . 16. 17. Add lines 7 and 11 . .... - - 17. 18. Subtract line 17 from line 16. If zero or less, enter -(- . ......... . . 18. 19. Enter the smaller of line 14 or line 18 . . 19. 20. Multiply line 19 by 15% (0.15) 20. 21. Add lines II and 19 . . . 21. 22. Subtract line 21 from line 12 . .... . . . . 22. Multiply line 22 by 20% (0.20)6. Subtract line 5 from line 4. If zero or less, enter -0- 7. Subtract line 6 from line 1. If zero or less, enter -0- . . . . 8. Enter: $39,375 if single or married filing separately, $78,750 if married filing jointly or qualifying widow(er), $52,750 if head of household. 9. Enter the smaller of line I or line 8 10. Enter the smaller of line 7 or line 9 . . 10. 11. Subtract line 10 from line 9. This amount is taxed at 0% 12. Enter the smaller of line 1 or line 6 12. 13. Enter the amount from line 1 1 14. Subtract line 13 from line 12 . .. . . 14. 15. Enter. $434,550 if single, $244,425 if married filing separately, $488,850 if married filing jointly or qualifying widow(er). . . . . . . ...... 15. $461,700 if head of household. 16. Enter the smaller of line 1 or line 15 . . 16. 17. Add lines 7 and 11 17. 18. Subtract line 17 from line 16. If zero or less, enter -0- . . 18. 19. Enter the smaller of line 14 or line 18 ..... . . 19. 20. Multiply line 19 by 15% (0.15) . 20 21. Add lines II and 19 . . 21. 22. Subtract line 21 from line 12 . . . . . . . . . .. . . . .. . 22. 23. Multiply line 22 by 20% (0.20) . 23. 24. Figure the tax on the amount on line 7. If the amount on line 7 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 7 is $100,000 or more, use the Tax Computation Worksheet . . . . . . .. . . .... 24. 25. Add lines 20, 23, and 24 . . . .. 25. 26. 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 . . . . . . . . . ........ 26. 27. Tax on all taxable income. Enter the smaller of line 25 or 26. Also include this amount on the entry space on Form 1040 or 1040-SR, line 12a. If you are filing Form 2555, don't enter this amount on the entry space on Form 1040 or 1040-SR, line 12a. Instead, enter it on line 4 of the Foreign Earned Income Tax Worksheet . . . . . ... 27. " If you are filing Form 2535, see the footnote in the Foreign Earned Income Tax Worksheet before completing this line