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help me fill out completely according to scenario sheet Standard deduction Use Schedule 1 (Form 1040). Additional income and Adjustments to Income, to help you

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help me fill out completely according to scenario sheet

Standard deduction Use Schedule 1 (Form 1040). Additional income and Adjustments to Income, to help you complete the first page of Form 1940. It is not necessary to complete the entire form. You will need to refer to the completed portion of Form 1040 to answer questions about this scenario in Part of the Final Testi Scenario 5 (Diego) Diego (32) is filing as a single taxpayer. He changed jobs during the year, and when he left his first job, he decided to take a distribution of funds from his 401(k). He used the funds to make a down payment on a new car. The taxable amount of this distribution, reported in box 2a of Form 1099-R, was $14,500. There was a code 1 in box 7 of the Form 1099-R. Diego was also the beneficiary of one of his great-grandmother's traditional IRAs. She passed away during the year, and Diego took a $2,000 distribution from the IRA. He used the money to pay down his credit card debt. As far as he knows, all of his great-grandmother's contributions to the account were deductible. This distribution was reported to him on a Form 1099-R with a code 4 in box7 Diego's only other income during the year was $40,000 in wages. He will claim the standard deduction Income Tax Course (2020) Workbook Final Test Scenarios (Diego) 1040 India Income Tax Retum 2019 14 2019 02 Dede . band Dadelo Yhpen www.Tu Dependenctional / 1 wagen, Ahow TOM Media Down 4 be dc du Hourly of Core Sched ved at Ooom berdulet, had to the Admonth 2 They your adumbre 2 draw outron a no O nome do form of Form DA Add 10 G Act, and Porton At Notruction 1040 507 Income Tax Course 1200) Workbook Final Test Scenario 5 (Diego -5329 Additional Taxes on Qualified Piane (Including IRAS) and Other Tax-Favored Accounts 104 104-NR 2019 29 A Your Address Oy You Are Riing the aty do win Your Team YOU ON On y darbution, you may be oport the doctor Schedus2 Form 100 x 1000-SH 10 withouting for someone forced from 1040 10140- Sn Form 1045-12 Part! Additional Tax on Earty Distributions. Compiut you look bacarir erther than in die tror beboere you chod age oma unified for freeding an ar modified and contracts you porting radioctly on Form 1040 1040 SF OF 1040- Novel You may have to this part indian you for aption is the additional toy darbutions or for certainer distributors. Sorin.com 1 aydan included in income For Rom RA darbuon section 1 2 Earty tribution included online that are not subject to the additional tax ointruction Enter the propriate exception Pumber from the instruction 3 Amount to additional lux. Subtract in romina 1 a 4 Additional to Enter 10% 0.10of ine 3 include the amount on schedule 2 om 1040 1040-SR lined, or Form 1040-NR In 57 4 Caution if any part of the amount online datribution from a SIMPLE FA, you may have to include 35% of the amount on ne 4 iud af 10 instruction Part II Additional Taxon Certain Distributions From Education Accounts and ABLE Accounts Complete this part you included an arcount in income, on Schedule 1 Form 1040 1040-SR of Form 1040-NA, line 21, from Caverdeiladuction aga account ESA, a qualitation program (OTP). or in ABLE count 5 Distributions included in Income from a Covedal ESA a OTP, or an ABLE count 6 G Distributions included on ines that are not subject to the additional tax ontruction 5 7 Amount Dject to additionala Subtract line from line 5 7 Additional to Enter 10% (0.10) of line 7 include the amount on Schedule 2 Form 1040 or 1040- SFO line or Form 1040-NR, line 57 Part II Additional Tax on Excess Contributions to Traditional IRAs. Complete this part of you contributed more to your traditional for 2019 than is allowable or you had an amount on line 17 of your 2015 Form 5875 Enter your contributions from line 16 of your 2018 Form 5920 3 Instruction for go to line 15 10 If your indiana IRA contributions for 2019 are less than your um allowable contribution tractions. Otherwise, anter.0- 10 11 2015 tradisional IRA distributions included in income see instruction 11 12 2019 distribution of prior your contribution instructional 12 13 Add neu 10, 11, and 12 13 14 Prior your contributions Surcin 13 from line. If rootor- 14 16 Ecos contributions for 2019 construction 16 16 Total de continutions Add Ines 14 and 15 10 17 Additional to ofrecer fra 16 or the of you tadiona on December 31, 2019 ring 2018 contributions made in 2000. Include this morton Sred2 for 1040 1040-R Tom 104- Nine 57 17 Part IV Additional Tax on Excess Contributions to Roth IRAs. Complete this part you contributed more to your Roth FA for 2018 than is allowable or you had an amount on line 25 of your 2018 For $829 Enter your contributions from in 24 of your 2018 Form 5329. See Instrucions. If red, go to line 23 TO if your Roth IRA contributions for 2010 are than your mom losbe contribution to instructions. Otherwise, or -- 20 10 2019 detributions from your Roth Assinetructions 20 Add inca 19 and 20 21 Prior your contributions Sucrct in 21 from noorenter-- 222 Exco controution for 2019 (no intructional 20 Totales contributions Addins 22 and 23 23 25 Additional to the rol in 24 oreve you on December 21, 2018 lung 2018 20 orion made in 2000, include the mouton Sch2 Form 1040 1040-7, Inet, arrom 1040-1L ? For y Act and Production et Motion 25 anaa 506 Income Tax Course (2020) Workbook Final Test Scenario 5 (Diego) SCHEDULE 2 Porn 10 or 100- O 154 TL Additional Taxes A Form 103 1040-an. Farm10 forint and the nation 2019 Anment Form 100 .4137 Part II Allamative minimum tax. Attach Form 51 1 Enca advance premium tax credit repayment. Attach Form 0062 2 3 Add nee 1 and 2 En here and include on For 1040 or 1040-SR line 120 3 Part Other Takes 6 Sell-employment to Attach Schedule SE 4 6 Unireported social security and Medicare tax from Form b 2018 5 Additional taxon Rather qualified rutinerent plans, and other fax.favored count Atlach Form 5329 required 5 Te Household employment Attach Schedule H 7 Repayment of first time homebuyer credit from Form 5405. Atlach Form 5406 reguired 7b & Til from: Form 9959 b Form 8060 e instructions, enter code) a Section 365 not tax liability in ment from Form 965-A D 10 Add lines through & There are your total other two Entor hare and on Form 1040 OF 1040-SR line 15 10 For Peperwork Reduction Act Notice your tax return instructions Cha The Pa 101010-1 505 Standard deduction Use Schedule 1 (Form 1040). Additional income and Adjustments to Income, to help you complete the first page of Form 1940. It is not necessary to complete the entire form. You will need to refer to the completed portion of Form 1040 to answer questions about this scenario in Part of the Final Testi Scenario 5 (Diego) Diego (32) is filing as a single taxpayer. He changed jobs during the year, and when he left his first job, he decided to take a distribution of funds from his 401(k). He used the funds to make a down payment on a new car. The taxable amount of this distribution, reported in box 2a of Form 1099-R, was $14,500. There was a code 1 in box 7 of the Form 1099-R. Diego was also the beneficiary of one of his great-grandmother's traditional IRAs. She passed away during the year, and Diego took a $2,000 distribution from the IRA. He used the money to pay down his credit card debt. As far as he knows, all of his great-grandmother's contributions to the account were deductible. This distribution was reported to him on a Form 1099-R with a code 4 in box7 Diego's only other income during the year was $40,000 in wages. He will claim the standard deduction Income Tax Course (2020) Workbook Final Test Scenarios (Diego) 1040 India Income Tax Retum 2019 14 2019 02 Dede . band Dadelo Yhpen www.Tu Dependenctional / 1 wagen, Ahow TOM Media Down 4 be dc du Hourly of Core Sched ved at Ooom berdulet, had to the Admonth 2 They your adumbre 2 draw outron a no O nome do form of Form DA Add 10 G Act, and Porton At Notruction 1040 507 Income Tax Course 1200) Workbook Final Test Scenario 5 (Diego -5329 Additional Taxes on Qualified Piane (Including IRAS) and Other Tax-Favored Accounts 104 104-NR 2019 29 A Your Address Oy You Are Riing the aty do win Your Team YOU ON On y darbution, you may be oport the doctor Schedus2 Form 100 x 1000-SH 10 withouting for someone forced from 1040 10140- Sn Form 1045-12 Part! Additional Tax on Earty Distributions. Compiut you look bacarir erther than in die tror beboere you chod age oma unified for freeding an ar modified and contracts you porting radioctly on Form 1040 1040 SF OF 1040- Novel You may have to this part indian you for aption is the additional toy darbutions or for certainer distributors. Sorin.com 1 aydan included in income For Rom RA darbuon section 1 2 Earty tribution included online that are not subject to the additional tax ointruction Enter the propriate exception Pumber from the instruction 3 Amount to additional lux. Subtract in romina 1 a 4 Additional to Enter 10% 0.10of ine 3 include the amount on schedule 2 om 1040 1040-SR lined, or Form 1040-NR In 57 4 Caution if any part of the amount online datribution from a SIMPLE FA, you may have to include 35% of the amount on ne 4 iud af 10 instruction Part II Additional Taxon Certain Distributions From Education Accounts and ABLE Accounts Complete this part you included an arcount in income, on Schedule 1 Form 1040 1040-SR of Form 1040-NA, line 21, from Caverdeiladuction aga account ESA, a qualitation program (OTP). or in ABLE count 5 Distributions included in Income from a Covedal ESA a OTP, or an ABLE count 6 G Distributions included on ines that are not subject to the additional tax ontruction 5 7 Amount Dject to additionala Subtract line from line 5 7 Additional to Enter 10% (0.10) of line 7 include the amount on Schedule 2 Form 1040 or 1040- SFO line or Form 1040-NR, line 57 Part II Additional Tax on Excess Contributions to Traditional IRAs. Complete this part of you contributed more to your traditional for 2019 than is allowable or you had an amount on line 17 of your 2015 Form 5875 Enter your contributions from line 16 of your 2018 Form 5920 3 Instruction for go to line 15 10 If your indiana IRA contributions for 2019 are less than your um allowable contribution tractions. Otherwise, anter.0- 10 11 2015 tradisional IRA distributions included in income see instruction 11 12 2019 distribution of prior your contribution instructional 12 13 Add neu 10, 11, and 12 13 14 Prior your contributions Surcin 13 from line. If rootor- 14 16 Ecos contributions for 2019 construction 16 16 Total de continutions Add Ines 14 and 15 10 17 Additional to ofrecer fra 16 or the of you tadiona on December 31, 2019 ring 2018 contributions made in 2000. Include this morton Sred2 for 1040 1040-R Tom 104- Nine 57 17 Part IV Additional Tax on Excess Contributions to Roth IRAs. Complete this part you contributed more to your Roth FA for 2018 than is allowable or you had an amount on line 25 of your 2018 For $829 Enter your contributions from in 24 of your 2018 Form 5329. See Instrucions. If red, go to line 23 TO if your Roth IRA contributions for 2010 are than your mom losbe contribution to instructions. Otherwise, or -- 20 10 2019 detributions from your Roth Assinetructions 20 Add inca 19 and 20 21 Prior your contributions Sucrct in 21 from noorenter-- 222 Exco controution for 2019 (no intructional 20 Totales contributions Addins 22 and 23 23 25 Additional to the rol in 24 oreve you on December 21, 2018 lung 2018 20 orion made in 2000, include the mouton Sch2 Form 1040 1040-7, Inet, arrom 1040-1L ? For y Act and Production et Motion 25 anaa 506 Income Tax Course (2020) Workbook Final Test Scenario 5 (Diego) SCHEDULE 2 Porn 10 or 100- O 154 TL Additional Taxes A Form 103 1040-an. Farm10 forint and the nation 2019 Anment Form 100 .4137 Part II Allamative minimum tax. Attach Form 51 1 Enca advance premium tax credit repayment. Attach Form 0062 2 3 Add nee 1 and 2 En here and include on For 1040 or 1040-SR line 120 3 Part Other Takes 6 Sell-employment to Attach Schedule SE 4 6 Unireported social security and Medicare tax from Form b 2018 5 Additional taxon Rather qualified rutinerent plans, and other fax.favored count Atlach Form 5329 required 5 Te Household employment Attach Schedule H 7 Repayment of first time homebuyer credit from Form 5405. Atlach Form 5406 reguired 7b & Til from: Form 9959 b Form 8060 e instructions, enter code) a Section 365 not tax liability in ment from Form 965-A D 10 Add lines through & There are your total other two Entor hare and on Form 1040 OF 1040-SR line 15 10 For Peperwork Reduction Act Notice your tax return instructions Cha The Pa 101010-1 505

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