help please 2021 tax
For the tax year 2021. Cacous ttion: Casey had the following investment income: Casey had the following investment sales: - A 1099-8 from Great Return Mutual Fund for the sale of 100 shares of the fund. Casey had purchased 50 shares on September 21. 2020 , for $650;50 shares on October 1, 2020, for $500; and 50 shares on November 30,2020 , for $800. He sold 100 shares on June 13, 2021, for $700. She uses the average cost method to calculate the cost basis of fund shares. - A 1099- B from XYZ Brokerage Company for $5,500 gross proceeds from the October 21, 2021, sale of 50 shares of Llquid Rhino Marketing. The shares were originally purchased on October 22, 2020, for $2.500. - A 1099-B from ABC Brokerage Company for $2,000 gross proceeds from the November 2, 2021, sale of 60 shares of Crestwood Company. Casey originally inherited the shares from a relative on February 18,2021 . The shares had an FMV of $2,500 on the relative's date of death. The relative originally purchased the shares for $400 in 1993. Dther information: Company. Casey originally inherited the shares from a relatlve on February 18,2021 . The shares had an FMV of $2,500 on ine relative's date of death. The relative originally purchased the shares for $400ln1993. Dther information: Casey had a capltal loss carryover from 2020;$2.163 short-term Casey had the following itemized deductions: Casey does not want to contribute to the presidential election campalgn and does not want anyone to be a third-party designee. Required: Complete the 2021 tax return for Casey Morgan. Casey has not acquired any financlal interest in virtual currency last yeat. For any missing information, make reasonable assumptions. Use the appropriate Tax Tables or Tax Rate Schedules. Note: List the nomes of the taxpayers and any income they recelve in the order in which they appear in the problem. Input all th values as positive numbers unless otherwise stated in the forms. Instructions can be found on certain cells within the forms. Round all intermediate calculations and your final answers to the nearest whole dollar amount. Enter zero where applicable. theckonty ne box a child but notyour dependent. For Disciosure, Privacy Act, and Paperwonk Reduction Act Notice, see separate instructions. Page 2 of Form 1040: Some information does not carry over from Poge 1. Une provided information and follow irstructions on form: 1 arm 1040 (2021) Jo Recovery rebate creat see insiructions 11 Amount from Schedule 3 , ine 15 32Add tines 27a and 28 trough 31 . These are your total other payments asd tofundable credits 33 Add tines 25d, 26, and 32 . These are your totat payments Refund 34 if line 33 is more than line 24 , sobtact line 24 from lne 33 . This is the amourt you overpasd 35 Amount of line 34 you want retunded to you, it Fom 800 is aftached, check neep Drect deposit? See instructions number a Account number 36 Amount of tine 34 you want applied to yout 2022 estimatid tax Amount 37 Amount you owe. Subtract tine 33 fricm ine 24 . For detals on thow to pay, see instructions You OWe 38 Essinated tax peraty (see iristructions) Third Party Do you want to asow another person to dsciess this return wh the ipsis see instuctions Designee For the tax year 2021. Cacous ttion: Casey had the following investment income: Casey had the following investment sales: - A 1099-8 from Great Return Mutual Fund for the sale of 100 shares of the fund. Casey had purchased 50 shares on September 21. 2020 , for $650;50 shares on October 1, 2020, for $500; and 50 shares on November 30,2020 , for $800. He sold 100 shares on June 13, 2021, for $700. She uses the average cost method to calculate the cost basis of fund shares. - A 1099- B from XYZ Brokerage Company for $5,500 gross proceeds from the October 21, 2021, sale of 50 shares of Llquid Rhino Marketing. The shares were originally purchased on October 22, 2020, for $2.500. - A 1099-B from ABC Brokerage Company for $2,000 gross proceeds from the November 2, 2021, sale of 60 shares of Crestwood Company. Casey originally inherited the shares from a relative on February 18,2021 . The shares had an FMV of $2,500 on the relative's date of death. The relative originally purchased the shares for $400 in 1993. Dther information: Company. Casey originally inherited the shares from a relatlve on February 18,2021 . The shares had an FMV of $2,500 on ine relative's date of death. The relative originally purchased the shares for $400ln1993. Dther information: Casey had a capltal loss carryover from 2020;$2.163 short-term Casey had the following itemized deductions: Casey does not want to contribute to the presidential election campalgn and does not want anyone to be a third-party designee. Required: Complete the 2021 tax return for Casey Morgan. Casey has not acquired any financlal interest in virtual currency last yeat. For any missing information, make reasonable assumptions. Use the appropriate Tax Tables or Tax Rate Schedules. Note: List the nomes of the taxpayers and any income they recelve in the order in which they appear in the problem. Input all th values as positive numbers unless otherwise stated in the forms. Instructions can be found on certain cells within the forms. Round all intermediate calculations and your final answers to the nearest whole dollar amount. Enter zero where applicable. theckonty ne box a child but notyour dependent. For Disciosure, Privacy Act, and Paperwonk Reduction Act Notice, see separate instructions. Page 2 of Form 1040: Some information does not carry over from Poge 1. Une provided information and follow irstructions on form: 1 arm 1040 (2021) Jo Recovery rebate creat see insiructions 11 Amount from Schedule 3 , ine 15 32Add tines 27a and 28 trough 31 . These are your total other payments asd tofundable credits 33 Add tines 25d, 26, and 32 . These are your totat payments Refund 34 if line 33 is more than line 24 , sobtact line 24 from lne 33 . This is the amourt you overpasd 35 Amount of line 34 you want retunded to you, it Fom 800 is aftached, check neep Drect deposit? See instructions number a Account number 36 Amount of tine 34 you want applied to yout 2022 estimatid tax Amount 37 Amount you owe. Subtract tine 33 fricm ine 24 . For detals on thow to pay, see instructions You OWe 38 Essinated tax peraty (see iristructions) Third Party Do you want to asow another person to dsciess this return wh the ipsis see instuctions Designee
