Question
I need help with form schedule A form 1040 : Taxes you paid 5a Comprehensive Problem 7-1 David and Darlene Jasper have one child, Sam,
I need help with form schedule A form 1040 : Taxes you paid 5a
Comprehensive Problem 7-1
David and Darlene Jasper have one child, Sam, who is 6 years old (birthdate July 1, 2014). The Jaspers reside at 4639 Honeysuckle Lane, Los Angeles, CA 90248. David's Social Security number is 577-11-3311, Darlene's is 477-98-4731, and Sam's is 589-22-1142. David's birthdate is May 29, 1987 and Darlene's birthday is January 31, 1989. David and Darlene's earnings and withholdings for 2020 are:
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Their other income includes interest from Pine Tree Savings and Loan of $950. Other information and expenditures for 2020 are as follows:
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David and Darlene received a letter from Sam's daycare provider which contains information regarding child care expenses.
The Jaspers received a $2,900 EIP in 2020.
Required: Complete David and Darlene's Form 1040, Schedule 1, Schedule 3, Schedule A, Form 2441, and Form 8880.
- Make realistic assumptions about any missing data.
- The taxpayers do not want to make a contribution to the presidential election campaign.
- Enter all amounts as positive numbers.
- If an amount box does not require an entry or the answer is zero, enter "0".
- If required round any dollar amount to the nearest dollar (unless instructed otherwise on the tax form).
- Assume alternative minimum tax is not a factor.
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