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Having trouble with the underlined. The capital loss deduction is $_____, which is $____ less than last year. Because of less medical expense and no

Having trouble with the underlined.

The capital loss deduction is $_____, which is $____ less than last year.

Because of less medical expense and no interest and charitable deductions, your itemized deductions decrease by $______.

Complete Form 1040 below for Logan Taylor.

Form 1040 Department of the TreasuryInternal Revenue Service (99) U.S. Individual Income Tax Return 2016 OMB No. 1545-0074 IRS Use OnlyDo not write or staple in this space.
For the year Jan. 1Dec. 31, 2016, or other tax year beginning ,2016, ending ,20 See separate instructions.
Your first name and initial LOGAN B Last name TAYLOR Your social security number 123-45-6787
If a joint return, spouse's first name and initial Last name Spouse's social security number
Home address (number and street). If you have a P.O. box, see instructions. 4680 DOGWOOD LANE Apt. no. Make sure the SSN(s) above and on line 6c are correct.
City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions). SPRINGFIELD MO 65801

Presidential Election Campaign

Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change your tax or refund.

You Spouse

Foreign country name Foreign province/state/country Foreign postal code
Filing status Qualifying widow(er)
Exemptions 6a Yes Yourself. If someone can claim you as a dependent, do notcheck box 6a . . . . . . . . . . . . . . . . . . . . . }
Boxes checked on 6a and 6b

No. of children on 6c who: lived with you

did not live with you due to divorce or separation (see instructions)

Dependents on 6c not entered above

Add numbers on lines above
b No Spouse . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If more than four dependents, see instructions and check here. c Dependents: (2) Dependent's social security number (3) Dependent's relationship to you (4) If child under age 17 qualifying for child tax credit (see instructions)
(1) First name Last name
HELEN TAYLOR 123-45-6780 Parent
ASHER TAYLOR 123-45-6783 Son
MIA TAYLOR 123-45-6784 Daughter
d Total number of exemptions claimed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Credit for child and dependent
Income Attach Form(s) W-2 here. Also attach Forms W-2G and 1099-R if tax was withheld. If you did not get a W-2, see instructions. 7 Wages, salaries, tips, etc. Attach Form(s) W-2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8a Taxable interest. Attach Schedule B if required . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8a
b Tax-exempt interest. Do not include on line 8a . . . . . . . . 8b
9a Ordinary dividends. Attach Schedule B if required . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9a
b Qualified dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9b
10 Taxable refunds, credits, or offsets of state and local income taxes. . . . . . . . . . . . . . . . . . . 10
11 Alimony received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
12 Business income or (loss). Attach Schedule C or C-EZ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
13 Capital gain or (loss). Attach Schedule D if required. If not required, check here . . . . . 13
14 Other gains or (losses). Attach Form 4797 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
15a IRA distributions . . . . . . . . . 15a b Taxable amount . . . . 15b
16a Pensions and annuities . . . . 16a b Taxable amount . . . . 16b
17 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 17
18 Farm income or (loss). Attach Schedule F . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
19 Unemployment compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
20a Social security benefits . . . . 20a b Taxable amount . . . . 20b
21
Other income. List type and amount
21
22 Combine the amounts in the far right column for lines 7 through 21. This is your total income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Adjusted Gross Income 23 Educator expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
24 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 or 2106-EZ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
25 Health savings account deduction. Attach Form 8889 . . . . 25
26 Moving expenses. Attach Form 3903 . . . . . . . . . . . . . . . . . 26
27 Deductible part of self-employment tax. Attach Schedule SE 27
28 Self-employed SEP, SIMPLE, and qualified plans . . . . . . . . . 28
29 Self-employed health insurance deduction . . . . . . . . . . . . . 29
30 Penalty on early withdrawal of savings . . . . . . . . . . . . . . . . 30
31a Alimony paid b Recipient's SSN 31a
32 IRA deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
33 Student loan interest deduction . . . . . . . . . . . . . . . . . . . . 33
34 Tuition and fees. Attach Form 8917 . . . . . . . . . . . . . . . . . . 34
35 Domestic production activities deduction. Attach Form 8903 35
36 Add lines 23 through 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
37 Subtract line 36 from line 22. This is your adjusted gross income . . . . . . . . . . . . . 37
KIA For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Form 1040 (2016)
Form 1040 (2016) LOGAN B TAYLOR 123-45-6787 Page 2
Tax and Credits 38 Amount from line 37 (adjusted gross income) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
39a
Check if: { You were born before January 2, 1952, Blind. Spouse was born before January 2, 1952, Blind. } Total boxes checked 39a
Standard Deduction for People who check any box on line 39a or 39b or who can be claimed as a dependent, see instructions. All others:

Single or Married filing separately, $6,300

Married filing jointly or Qualifying widow(er), $12,600

Head of household, $9,300

b If your spouse itemizes on a separate return or you were a dual-status alien, check here 39b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
40 Itemized deductions (from Schedule A) or your standard deduction (see left margin) 40
41 Subtract line 40 from line 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
42 Exemptions. If line 38 is $155,650 or less, multiply $4,050 by the number on line 6d. Otherwise, see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42
43 Taxable income. Subtract line 42 from line 41. If line 42 is more than line 41, enter -0- 43
44 Tax (see instructions). Check if any from: a Form(s) 8814 b Form 4972 c ___ 44
45 Alternative minimum tax (see instructions). Attach Form 6251 . . . . . . . . . . . . . . . . . 45
46 Excess advance premium tax credit repayment. Attach Form 8962 . . . . . . . . . . . . . . . . 46
47 Add lines 44, 45, and 46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47
48 Foreign tax credit. Attach Form 1116 if required . . . . . . . . . . . 48
49 Credit for child and dependent care expenses. Attach Form 2441 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49
50 Education credits from Form 8863, line 19 . . . . . . . . . . . . . . . 50
51 Retirement savings contributions credit. Attach Form 8880 . . 51
52 Child tax credit. Attach Schedule 8812, if required . . . . . . . . . 52
53 Residential energy credit. Attach Form 5695 . . . . . . . . . . . . . 53
54
Other credits from Form: a 3800 b 8801 c
54
55 Add lines 48 through 54. These are your total credits . . . . . . . . . . . . . . . . . . . . . . . . . . 55
56 Subtract line 55 from line 47. If line 55 is more than line 47, enter -0- . . . . . . . . . . . . . 56
Other Taxes 57 Self-employment tax. Attach Schedule SE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57
58 Unreported social security and Medicare tax from Form: a 4137 b 8919 . . . . . . . . . 58
59 Additional tax on IRAs, other qualified retirement plans, etc. Attach Form 5329 if required 59
60a Household employment taxes from Schedule H . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60a
b First-time homebuyer credit repayment. Attach Form 5405 if required . . . . . . . . . . . . . . 60b
61 Health care: individual responsibility (see instructions) Full-year coverage 61
62 Taxes from: a Form 8959 b Form 8960 c Instructions; enter code(s) _ _ _ _ _ _ 62
63 Add lines 56 through 62. This is your total tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63
Payments 64 Federal income tax withheld from Forms W-2 and 1099 . . . . . . 64
If you have a qualifying child, attach Schedule EIC. 65 2016 estimated tax payments and amount applied from 2015 return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65
66a Earned income credit (EIC) . . . . . . . . . . . . . . . . . . . . . . . . 66a
b Nontaxable combat pay election 66b
67 Additional child tax credit. Attach Schedule 8812 . . . . . . . . . . . 67
68 American opportunity credit from Form 8863, line 8 . . . . . . . . 68
69 Net premium tax credit. Attach Form 8962 . . . . . . . . . . . . . . . 69
70 Amount paid with request for extension to file . . . . . . . . . . . . . 70
71 Excess social security and tier 1 RRTA tax withheld . . . . . . . . 71
72 Credit for federal tax on fuels. Attach Form 4136 . . . . . . . . . . 72
73
Credits from Form: a 2439 b Reserved c 8885 d
73
74 Add lines 64, 65, 66a, and 67 through 73. These are your total payments . . . . . . . . . 74
Refund 75 If line 74 is more than line 63, subtract line 63 from line 74. This is the amount you overpaid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75
76a Amount of line 75 you want refunded to you. If Form 8888 is attached, check here . . 76a
Direct deposit? See instructions. b
Routing number X X X X X X X X X c Type: Checking Savings
d
Account number X X X X X X X X X X X X X X X X
77 Amount of line 75 you want applied to your 2017 estimated tax 77
Amount You Owe 78 Amount you owe. Subtract line 74 from line 63. For details on how to pay, see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78
79 Estimated tax penalty (see instructions) . . . . . . . . . . . . . . . . . 79
Third Party Designee Do you want to allow another person to discuss this return with the IRS (see instructions)? Yes. Complete below. No
Designee's name Phone no. Personal identification number (PIN)
Sign Here Joint return? See instructions. Keep a copy for your records. Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and accurately list all amounts and sources of income I received during the tax year. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Your signature Date Your occupation PARALEGAL Daytime phone number
Spouse's signature. If a joint return, bothmust sign. Date Spouse's occupation If the IRS sent you an Identity Protection PIN, enter it here (see inst.)
Paid Preparer Use Only Print/Type preparer's name Preparer's signature Date Check if self-employed PTIN
Firm's name Firm's EIN
Firm's address Phone no.
KIA www.irs.gov/form1040 Form 1040 (2016)

Feedback

The calculation of taxable income begins with gross income. Gross income includes all income, unless the tax law provides for a specific exclusion. Individual taxpayers have two categories of deductions: (1) deductions for adjusted gross income (deductions from gross income to arrive at adjusted gross income) and (2) deductions from adjusted gross income. As a general rule, personal expenditures are disallowed as deductions in arriving at taxable income. However, Congress allows specified personal expenses as deductions from AGI (commonly referred to as itemized deductions). AGI is an important subtotal that serves as the basis for computing percentage limitations on certain itemized deductions such as medical expenses, charitable contributions, and certain casualty losses.

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In early 2017, the g events take place. from dental school and joins an existing practice in St. Louis . Asher g Mia mames, and she and her husband move in with his parents. . Using the insurance proceeds he received on Daniel's death, Logan pays off the mortgage on his personal residence. Logan believes that these events may have an effect on his tax position for 2017. Therefore, he requests your advice. C to Logan explaining in general terms how the 2017 events will affect his Federal income tax liability. Assume that Logan's salary and other lete the letter factors not mentioned (e.g. property and state income taxes) will remain the same. The personal exemption for 2017 is $4,050. Use the 2017 tax rate schedules (dick here) in projecting Logan's tax for 2017 5191 Natorp Boulevard Mason, OH 45040 November 22, 2017 Mr. Logan B. Taylor 4680 Dogwood Lane Springfield, MO 65801 In response to your inquiry regarding the Federal income tax situation for 2017, the news is notfavorable. The following developments will cause an increase in your taxes: . Your applicable filing status moves from surviving spouse to single .The result is a shift from the 16,200 X, which is s16,200 X less than last year. . For various reasons, your n and mother no longer qualify as dependents. The loss of medical expense and nointerest and charitable deductions, your itemized deductions ase v by 16,200 assistance to you in this matter, please do not hesitate to contact me. In early 2017, the g events take place. from dental school and joins an existing practice in St. Louis . Asher g Mia mames, and she and her husband move in with his parents. . Using the insurance proceeds he received on Daniel's death, Logan pays off the mortgage on his personal residence. Logan believes that these events may have an effect on his tax position for 2017. Therefore, he requests your advice. C to Logan explaining in general terms how the 2017 events will affect his Federal income tax liability. Assume that Logan's salary and other lete the letter factors not mentioned (e.g. property and state income taxes) will remain the same. The personal exemption for 2017 is $4,050. Use the 2017 tax rate schedules (dick here) in projecting Logan's tax for 2017 5191 Natorp Boulevard Mason, OH 45040 November 22, 2017 Mr. Logan B. Taylor 4680 Dogwood Lane Springfield, MO 65801 In response to your inquiry regarding the Federal income tax situation for 2017, the news is notfavorable. The following developments will cause an increase in your taxes: . Your applicable filing status moves from surviving spouse to single .The result is a shift from the 16,200 X, which is s16,200 X less than last year. . For various reasons, your n and mother no longer qualify as dependents. The loss of medical expense and nointerest and charitable deductions, your itemized deductions ase v by 16,200 assistance to you in this matter, please do not hesitate to contact me

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