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I need help filling this out. I cant seem to get it right, I'm not sure what the itemized deduction is or even the taxes
I need help filling this out. I cant seem to get it right, I'm not sure what the itemized deduction is or even the taxes
Help!!!!
Assume the taxpayer does NOT wish to contrlbute to the Presidentlal Electlon Fund, unless otherwlse stated In the problem. In addltion, the taxpayers dld NOT recelve, sell, send, exchange, or otherwlse acquire any financlal Interest In any virtual currency durling the year. John and Shannon O'Banion, who IIve at 3222 PInon Drive, Mesa, CO 81643 , file as marrled filling Jolntly. John's social securlty number Is 412-34-5670 (date of birth 5/12/1984), and Shannon's is 412-34-5671 (date of birth 11/3/1986). John's W-2 contalned the following Information: Shannon did not work for the year due to a medical condition but did recelve unemployment compensation of $5,328 for the year with federal withholding of $654.68. In the same year, they had the following medical costs: In addition, they had the following other expenses: Required: Prepare a Form 1040 with a Schedule 1 and Schedule A for the O'Banlons using any approprlate worksheets. Use the approprlate Tax Tables. Note: List the names of the taxpayers In the order In which they appear In the problem. Round your flnal answers to the nearest whole dollar amount. Input all the values as positlve numbers. Instructions can be found on certain cells within the forms. Assume the taxpayer does NOT wish to contrlbute to the Presidentlal Electlon Fund, unless otherwlse stated In the problem. In addltion, the taxpayers dld NOT recelve, sell, send, exchange, or otherwlse acquire any financlal Interest In any virtual currency durling the year. John and Shannon O'Banion, who IIve at 3222 PInon Drive, Mesa, CO 81643 , file as marrled filling Jolntly. John's social securlty number Is 412-34-5670 (date of birth 5/12/1984), and Shannon's is 412-34-5671 (date of birth 11/3/1986). John's W-2 contalned the following Information: Shannon did not work for the year due to a medical condition but did recelve unemployment compensation of $5,328 for the year with federal withholding of $654.68. In the same year, they had the following medical costs: In addition, they had the following other expenses: Required: Prepare a Form 1040 with a Schedule 1 and Schedule A for the O'Banlons using any approprlate worksheets. Use the approprlate Tax Tables. Note: List the names of the taxpayers In the order In which they appear In the problem. Round your flnal answers to the nearest whole dollar amount. Input all the values as positlve numbers. Instructions can be found on certain cells within the formsStep by Step Solution
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