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Help me complete the 1040 form and Schedule 1 form using 2019 tax rates: There's no other information. Using the information in the passage regarding
Help me complete the 1040 form and Schedule 1 form using 2019 tax rates:
There's no other information. Using the information in the passage regarding Demarco and Janine, please help me complete the 1040 and Schedule 1 form.
Demarco and Janine Jackson have been married for 20 years and have four children who qualify as their dependents (Damarcus, Janine, Michael, and Candice). The couple received salary income of $100,000 and qualified business income of $10.000 from an inyestment in a bir heather, some tager familiehotente exclusinoitique muelased the bramce phree years as the lack ng inaad Tot pe 500 L itemized deductions, and they had $3,050 withheld from their paychecks for federal taxes. They are also allowed to claim a child tax credit for each of their children. However, because Candice is 18 years of age, the Jacksons may claim a child tax credit for other qualifying dependents for Candice. 1040 2019 Department of the Treasury - Internal Revenue Service (99) U.S. Individual Income Tax Return OMB No. 1545-0074 IRS Use Only-Do not write or staple in this space. Filing Status Single Married filing jointly Married filing separately (MFS) Head of household (HOH) Qualifying widowler) (OW) Check only one box. If you checked the MFS box, enter the name of spouse. If you checked the HOH or GW box, enter the child's name if the qualifying person is a child but not your dependent Your first name and middle initial Last name Your social security number If joint retur, spouse's first name and middle initial Last name Spouse's social security number Home address (number and street). If you have a P.O. box, see instructions, Apt. no. Presidential Election Campaign Check here if you, or your spouse if filing jointly, want $3 to go to this fund. City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions). Checking a box below wil not change your tax or round. You spouse Foreign country name Foreign province/State/county Foreign postal code If more than four dependents, see instructions and here 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, 1955 Are blind Spouse: Was born before January 2, 1955 Is blind Dependents (see instructions): (2) Social security number (3) Relationship to you (4) if qualifies for (see instructions): (1) First name Last name Child tax credit Credit for other dependents 1 1 2b 3b 4b 4d 5b 6 7a Wages, salaries, tips, etc. Attach Form(s) W-2 2a Tax-exempt interest 2a b Taxable interest. Attach Sch. B if required 3a Qualified dividends. 3a Standard b Ordinary dividends. Attach Sch. Bif required Deduction for 4a IRA distributions 4a b Taxable amount - Single or Married Pensions and annuities 4c filing separately. d Taxable amount $12,200 Social security benefits b Taxable amount Married fling 6 jointly or Quallying Capital gain or loss). Attach Schedule D if required. If not required, check here Widower). 7a Other income from Schedule 1, line 9 $24,400 Head of b Add lines 1, 2, 3, 4b, 4d, 5b, 6, and 7a. This is your total income household 8a $18,350 Adjustments to income from Schedule 1, line 22 . If you checked b Subtract line Ba from line 7b. This is your adjusted gross income any box under 9 Standard Standard deduction or itemized deductions (from Schedule A) 9 Deduction 10 Qualified business income deduction. Attach Form 8995 or Form 8995-A 10 see instructions 11a Add lines 9 and 10. b Taxable income. Subtract line 11a from line 6b. If zero or less, enter-O- For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11320B 7b 8a 8b 11a 11b Form 1040 (2010) Page 2 Form 1040 (2019) 12a Tax (see inst.) Check it any from Form(s): 1 8814 2 4972 3 0 12a b Add Schedule 2, line 3, and line 12a and enter the total 12b 13a Child tax credit or credit for other dependents 13a b Add Schedule 3, line 7, and line 13a and enter the total 13b 14 Subtract line 136 from line 12b. If zero or less, enter - - 14 15 Other taxes, including self-employment tax, from Schedule 2 line 10 15 16 Add lines 14 and 15. This is your total tax. 16 17 Federal income tax withheld from Forms W-2 and 1099 17 18 . If you have a Other payments and refundable credits: qualitying child a Earned income credit (EIC). 18a attach Sch. BIC b - If you have Additional child tax credit. Attach Schedule 8812 18b nontaxable c American opportunity credit from Form 8863, line 8 18c combat pay, 500 Instructions. d Schedule 3, line 14 18d Add lines 18a through 18d. These are your total other payments and refundable credits 18e 19 Add lines 17 and 18e. These are your total payments 19 20 Refund If line 19 is more than line 16, subtract line 16 from line 19. This is the amount you overpaid 20 21a Amount of line 20 you want refunded to you. If Form 8888 is attached, check here 21a Direct deposit? Routing number c Type: Checking Savings See Instructions. Account number 22 Amount of line 20 you want applied to your 2020 estimated tax 222 Amount 23 Amount you owe. Subtract line 19 from line 16. For details on how to pay, see instructions 23 You Owe 24 Estimated tax penalty (see instructions). 24 Third Party Do you want to allow another person (other than your paid preparer) to discuss this return with the IRS? See instructions. Yes. Complete below. Designee No (other than Designee's Phone Personal identification paid preparer) name no. number PIN) Sign Under penalties of perjury, I declare that I have examined this retum and accompanying schedules and statements, and to the best of my knowledge and belict, they are true, correct, and complete. Declaration of preparer other than taxpayer) is based on all information of which preparer has any knowledge. Here Your signature Date Your occupation If the IRS sent you an Identity Protection PIN, enter it here Joint return? (see inst.) See instructions. Spouse's signature. If a joint return, both must sign. Date Spouse's occupation If the IRS sent your spouse an Keep a copy for Identity Protection PIN, enter it here your records. (see inst.) Phone no. Email address 8 SCHEDULE 1 (Form 1040 or 1040-SR) Additional Income and Adjustments to Income Department of the Treasury Attach to Form 1040 or 1040-SR. Internal Revenue Service Go to www.irs.gov/Form 1040 for instructions and the latest information. Name(s) shown on Form 1040 or 1040-SR OMB No. 1545-0074 2019 Attachment Sequence No. 01 Your social security number Yes No 1 2a 3 4 5 6 7 9 At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? Partl Additional Income 1 Taxable refunds, credits, or offsets of state and local income taxes 2a Alimony received b Date of original divorce or separation agreement (see instructions) 3 Business income or loss). Attach Schedule C. 4 Other gains or losses). Attach Form 4797. 5 Rental real estate, royalties, partnerships, Scorporations, trusts, etc. Attach Schedule E. 6 Farm income or loss). Attach Schedule F 7 Unemployment compensation 8 Other income. List type and amount 8 9 Combine lines 1 through 8. Enter here and on Form 1040 or 1040-SR, line 7a Part II Adjustments to Income 10 Educator expenses 10 11 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 11 12 Health savings account deduction. Attach Form 8889 12 13 Moving expenses for members of the Armed Forces. Attach Form 3903 14 Deductible part of self-employment tax. Attach Schedule SE 14 15 Self-employed SEP, SIMPLE, and qualified plans. 15 16 Self-employed health insurance deduction 16 17 Penalty on early withdrawal of savings 18a Alimony paid. 18a b Recipient's SSN c Date of original divorce or separation agreement (see instructions) 19 IRA deduction 19 20 Student loan interest deduction 20 21 Tuition and fees. Attach Form 8917 21 Add lines 10 through 21. These are your adjustments to income. Enter here and on Form 1040 or 1040-SR, line 8a 13 17 22 22 Step by Step Solution
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