Individual Return (Linda and Kyle Smith) Linda and Kyle Smith are married taxpayers who file a joint return. Their social security numbers are 123-45-6789 and 111-11-1111, respectively. Linda's birthday is September 21, 1977, and Kyle's is June 27, 1967. They live at 473 Revere Avenue, Lowell, MA 01850. Linda is the office manager for Lowell Dental Clinic. Kyle is the self-employed physical therapist. The following information is shown on Linda's Wage and Tax Statement (Form W-2) for the tax year Line Description Linda 1. Wage, tips, other compensation $58,000 2. Federal income tax withheld 6,960 4. Social security tax withheld 3,596 6. Medicare tax withheld 841 17 State income tax withheld 2,610 During the year, Kyle recorded the following items of his business: Revenue from patient visits $270,000 Property tax on the office 4,500 Mortgage interest on the office 12,000 Depreciation on the office 5,500 Malpractice insurance 37,500 Utilities paid for the office 13,750 Office staff salaries 51,000 Rent payments on equipment 15,000 health insurance premium paid for himself and his dependents 2,500 health insurance premium paid for his employees 5,000 Kyle made the estimate Federal income tax payment totaled $28,000. He also made the estimate state income tax payment of $3,500 during the tax year. The Smiths provide over half of the support of their two children, Abby (born January 25, 1994, Social security number 123-45-6788) and Michael (born February 7, 2000, Social Security number 123-45-6786). Both children are full-time students and live with the Smiths except when they are away at college. Abby eamed 54,500 from a summer internship, and Michael eamed 53,800 from a part-time job. The Smiths furnished 60% of the total support of Kyle's widower father, Paul Smith (born March 6, 1939, social security number 123-45-6777). Paul died in November 2019, and Kyle, the beneficiary of a policy on Paul's life, received life insurance proceeds of $800,000 on January 28, 2020. The Smiths also made some investment activities. The following information is shown their investment income / (loss): Interest income from saving account $200 A gain from selling Netflix stock (hold for 7 months) 5,000 A loss from selling Bank of America stock (hold for 15 (1,500) months) An non-business bad debt (hint: tax treatment as short-term (2,000) capital loss) The Smiths had the following expenses relating to their personal residence during the tax year Property Taxes $5,000 Qualified interest on home mortgage $8,800 Unreimbursed Medical expenses paid: Medical expenses $4,500 Doctor bill 7,600 Operation 8,500 Hospital expenses 3,500 Interest payment on car loan 1,500 Utilities 4,100 Union dues paid by Linda 600 Linda's work uniform expenses 450 Prepare the Federal income tax return of 2020 for the Smiths. You will include Form 1040, Schedule 1, Schedule C-only page 1, and Schedule A, Schedule SE-only page 1 Check your figures: Kyle's net business income (Scit. ) S125750 Adjusted Gross income is $174066 Itemized deductions: 29845 Qualified business income deduction: 22873 Texable income 121349 They owe $584 (you may have a fear dollurs difference due to the rounding) 1991 Department of the Terms Revenge Service 1040 U.S. Individual Income Tax Return 2020 OMB No. 1545-0074 IRS Use Only Do not write staple in the Filing Status Single Married filling jointly Married fling separately (MFS) Head of household HOH) Qualifying widowlan (OW Check only # you checked the MFS box, enter the name of your spouse. If you checked the HOH or GW box, enter the child's name if the qualitying one box person is a child but not your dependent Your first name and midde initial Last name Your social security number I joint return, spouse's first name and middle initial Last name Spouse's social security number Home address number and street. Wyou have a P.O.Box, soniatructions Apt.no Presidential Election Campaign Check here if you, or your State City, town, or post office. If you have a foreign address, also complete spaces below ZP code spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change Foreign country home Foreign provinow/state/county Foreign postal code your tax or refund. You Spouse Yes At any time during 2020, did you receive, sol, and exchange, or otherwise acquire any financial interest in any virtual currency? No 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 bom before January 2, 1956 Are blind Spouse: Was born before January 2, 1956 Is blind Dependents (see instructions): (2) Social security (3) Relationship 14 of qualified for the instruction (1) First name Last name number to you Child tax credit If more Credit for other dependents than four dependents see instructions and check here 1 Wages, salaries, tips, etc. Attach Form(s) W-2 1 Attach 28 Tax-exempt interest 2a b Taxable interest 20 Sch. Bir 3a 3a Qualified dividends required 3b b Ordinary dividends 48 IRA distributions 4a b Taxable amount 4b sa Pensions and annuities 5a b Taxable amount 5b Standard Ba Social security benefits b Taxable amount Deduction for 7 Capital gain or Cos)Attach Schedule D if required. If not required, check here 7 Single or Married in 8 Other income from Schedule 1, line 9 8 separately $12.400 9 Add lines 1, 2, 3, 4, 5, 6b. 7. and 8. This is your total income 9 Married ning 10 Adjustments to income: Joint of Quniyang a From Schedule 1, line 22 10a widowon b 524.00 Charitable contributions if you take the standard deduction. So instructions 10b Head of Add lines 10 and 106. These are your total adjustments to income 100 household $18,650 11 Subtract line 10c from line 9. This is your adjusted gross income 11 you checked 12 Standard deduction or itemized deductions from Schedule A) wybox under Standard 13 Qualified business income deduction. Altach Form 6995 or Form 8996-A 13 Dacacion 14 Add lines 12 and 13 14 see instructions 15 Taxable income. Subtract line 14 from line 11. If zero or loss, enter-0- 15 For Disclosure. Privacy Act, and Puperwork Reduction Act Notice, separate Instruction Cat112208 For 1040 Form 1040 (2020 Page 2 16 Tax (see instructions). Check any from Form: 1 8814 2 4972 3 16 17 Amount from Schedule 2, line 3 17 18 Add lines 16 and 17 18 19 Child tax credit or credit for other dependents 19 20 Amount from Schedule 3, line 7 20 21 Add lines 19 and 20 21 22 Subtract line 21 from line 18. If zero or less, enter-O- 23 Other taxes, including self-employment tax, from Schedule 2. line 10 23 24 Add lines 22 and 23. This is your total tax 24 25 Federal income tax withheld from a Formis) W-2 25a b Form(s) 1099 256 Other forms is instructions) 25 d Add lines 25a through 250 26 25 - If you have 2020 estimated tax payments and amount applied from 2019 retum Qualifying child 27 Earned Income credit (EIC) 27 tch Schuld 28 28 . you have Additional child tax credit. Attach Schedule 8812 nortable 29 American opportunity credit from Form 8863, line 8 29 combat pay en 30 Recovery rebate credit. See Instructions 30 31 Amount from Schedule 3, line 13 31 32 Add lines 27 through 31. These are your total other payments and refundable credits 32 Add lines 25d, 26, and 32. These are your total payments 34 Refund If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid 35a Amount of line 34 you want refunded to you. It Fom 8888 is attached, check here 35a Direct deposit? b Routing number Type: Checking Savings See instructions d Account number 36 Amount of line 34 you want applied to your 2021 estimated tax 36 Amount 37 Subtract line 33 from line 24. This is the amount you owe now 37 You Owe NoteSchedule H and Schedule Se fiers, line 37 may not represent all of the two you owe for For details on 2020. See Schedule 3, line 120, and its instructions for details how to pay, Instruction 38 Estimated tax penalty (see instructions) 38 Third Party Do you want to allow another person to discuss this return with the RS? See Designee instructions Yes. Completo below. No Designe's Phone Personal diction PN Sign Under per of pey, I declare that I have eumined this retum and accompanying schools and stand to the best of my knowledge and bele, they are true conect, and complete Declaration of properer other than tumpayer is based on a Womation of which Here who wyko Your signature Date Your occupation the RS sont only on turn Gotion Spouse's signature a joint return, both must sign Date Spouse Your poudan copy to con Perhe 838 no Phone Prew's Prepower's signature Date PTIN Check spoed Paid Preparer Use Only Fustane . FEN Go to www.ingowford forintos undon 1040 Additional Income and Adjustments to Income 2020 SCHEDULE 1 OMB No 1545-0074 (Form 1040) Department of the Treaty Attach to Form 1040 1040-SR, or 1040-NR. Inhal Revenue Service Go to www.in.gov/Form100 for instructions and the latest Information Attachment See No. 01 Name() shown on Form 1040, 1040-SR, or 1040-NR Your social security number 1 2a 3 4 5 6 7 6 . 8 8 9 10 Parti 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 4 Other gains or losses). Attach Form 4797 5 Rental real estate, royalties, partnerships, Scorporations, trusts, etc. Attach Schedule E Farm income or (loss). Attach Schedule F 7 Unemployment compensation. Other income. List type and amunt Combine lines 1 through 8. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 8. Part II Adjustments to Income 10 Educator expenses 11 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 12 Health savings account deduction. Attach Form 8889 13 Moving expenses for members of the Armed Forces. Attach Form 3903 14 Deductible part of self-employment tax. Attach Schedule SE 15 Self-employed SEP, SIMPLE, and qualified plans 16 Self-employed health insurance deduction 17 Penalty on early withdrawal of savings 18a Alimony paid b Recipient's SSN c Date of original divorce or separation agreement (see instructions) 19 IRA deduction 20 Student loan interest deduction 21 Tuition and feos deduction. Attach Form 8917 22 Add lines 10 through 21. These are your adjustments to income. Enter here and on Form 1040, 1040 SR or 1040-NR, line 10a For Paperwork Reduction et Morice, we your tax retum intruction 11 12 13 14 15 16 17 18a 19 20 21 22 Schache am 100 000 Cal7147 OM 1450 SCHEDULE C Profit or Loss From Business (Form 1040 Sole Proprietor Det Go to www.in.gov/Schedule torrions and the information Wana Anach to Form 1040 1040-SR, 1080-NR, or 1041: portes e Form 1066 Nap 2020 Sen 09 ber A Principais of profession, including product or service second C Busios ramenor business name DE Yes No Doo Yes No Yes No Brancusing site or room) Cytown or post offices and P code F Accounting method 19 Cash Accu P other G Did you may panicipate in the operation of this business during 2001 Nections for limetonos If you started on this business during 2020, check here Did you may payments in 2020 that would require you to file Form 10907 Sections Yes ad you will you regard Form 10991 Part Income Grosse Structions for ine 1 and check the bort this comported to you on For W-2 and the Story employee box on how checked 1 2 Reture and shows 2 3 Subtract line 2 bromine 1 4 Cost of goods sold from in 4 Gross profit. Subtract from line 3 5 Other income, including federal and state of creditorudention Green Om Add 16 > 7 Part II Expenses. Enter expenses for business use of your home only on line 32 3 Advertising 18 O expections 18 9 Carduck expenses 19 13 Instructions Mentoriruction 10 Commons and to 10 #Vachand met 200 11 Contractors instruction 11 Ombuat Depletion 12 21 Repen and maintenance 21 Depreciation and section 179 22 Supleno included in Part sperse deduction in included in Pati Tad icons 23 instruction 13 24 Trandma 14 Employee bent program Travel other than 14 Deduct 16 Insurance for the 15 incos 16 25 . Mortgage tar, 16 Wagent credit 25 Other 106 278 Ore persone 2a Reserved for rese Total expense before per forts of home Add to Tentative proro Subtractin 28 tromline 7 29 20 Expens for use of your home Do not report the expense om 9 using the method Sections Simge methods only Entertage of your home and the part of your home for business Une the Said Method Worshitheaction to figure out online 30 31 Het profe or Surne Otroline 20 poft enter on bom Bot Form 1040, ne ndon Schede 2. you checked the box on to and for 1061, 31 you must 2 you are a fost check the box that can you in the Stone you checked. the loss on both schedule 1 Form 1040, Beard on Siche SE 2. you read the box Form 1041, line Some you checked 39 muattach Form 1 Yemen For Paperwork Reaction Acte, pentru ERR and SCHEDULE A Itemized Deductions OMEN 1545-0074 Form 1040 Go to www.in.gov/Schedule for instructions and the latest information 2020 Attach to Form 1040 or 1040-SR. of the Attachment and feel Caution: If you are claiming a not qualified disaster ons on Form 4884, see the instructions for Ine 16. Sequence No. 07 shown on Form 100 1040-GR Your social security number Medical Caution: Do not include expenses reimbursed or paid by others 1 Medical and dental expenses (see instructions) 1 Dental 2 Enter amount from Form 1040 or 1040-SR, line 112 Expenses 3 Multiply line 2 by 7.5% (0.075) 3 4 Subtract line 3 from line 1. I line 3 is more than line 1, enter-0. Taxes You 5 State and local taxes Paid a State and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line 5a, but not both. If you elect to include general sales taxes instead of income taxes, check this box 5a State and local real estate taxes (see instructions) 5b c State and local personal property taxes 5c dAdd lines 5a through 50 5d .Enter the smaller of line 5d or $10,000 ($5,000f married filing separately) 5e 6 Other taxes. List type and amount 6 7 Add lines 5e and 6 Interest 8 Home mortgage Interest and points. If you didn't use all of your home You Paid mortgage loans) to buy build, or improve your home, see Caution Your instructions and check this box mortgage Section may be a Home mortgage interest and points reported to you on Form 1098. See Instructions limited Ba b Home mortgage interest not reported to you on Form 1098. See instructions it limited. I paid to the person from whom you ought the home, see instructions and show that person's name, idettying no.. and address Bb c Points not reported to you on Form 1098. See instructions for special rules Sc d Mortgage Insurance premiums (see instructions) Bd Add lines Ba through Bd 80 9 Investment interest. Altach Form 4952 if required. See Instructions 9 10 Add lines Be and 9 10 Gifts to 11 Gifts by cash or check. If you made any gift of $250 or more, see Charity Instructions 11 12 Other than by cash or check. If you made any gift of $250 or more made and See Instructions. You must attach Form 6283 If over $500 12 gutterfort con 13 Carryover from prior your 13 14 Add lines 11 through 13 14 Casually and 15 Casualty and the lossle) from a federally declared disaster (other than not qualified Theft Losses disaster losses). Attach Form 4684 and enter the amount from line 18 of that form. See Instructions 15 Other 16 Other from list in instructions. List type and amount itemized Deductions 16 17 Add the amounts in the far right column for lines 4 through 16. Also, enter this amount on Itemized Form 1040 or 1040-SR, line 12 17 Deductions 18 If you slect to itemize deductions even though they are less than your standard deduction, check this box For Paperwork Reduction Act Notice, see the instructions for Forma 1040 and 1040-SR Ca. 171450 Schedule A Form1010 2009 Total 1 SCHEDULE SE Self-Employment Tax Form 1040 Go to www.insgow Schedules for instructions and the latest information 2020 Dentofte er Attach to Form 1040, 040-SR, or 1040-NR. Sequence No. 17 empre in form 1046 104-SL100DNO Social security number of person with self-employment income Parti Self-Employment Tax Note: If your only income subject to self-employment tax is church employee income, so instructions for how to report your income and the definition of church employee income If you are a minister, member of a religious order, or Christian Science practitioner and you filed Form 4361, but you had $400 or more of other net cernings from self-employment, check here and continue with Part 1 Skip lines Ta and 1b if you use the farm optional method in Part II See instructions 10 Not for profit or loss) from Schedule F. line 34, and tarm partnerships Schedule K-1 (Form 1065), box 14 code A Ta DW you received social security retirement or disability benefits, enter the amount of Conservation Reserve Program payments included on Schedule F, line 4b, or listed on Schedule K-1 Form 1065), box 20, code AH 15 Skip line 2if you use the nonfarm optional method in Part It See instructions Net profit of (o) from Schedule C, line 31 and Schedule K-1 (Form 1065), box 14, code A (other than torming. So instructions for other income to report or if you are a minister or member of a religious order 2 3 Combine lines 1a, 1b, and 2 3 48 line 3 is more than 200, multiply line 3 by 92.35% (0.9235). Otherwise, enter amount from line 3 4a Note: Wine ta ise than $400 due to Conservation Reserve Program payments on line 1b, se instructions If you dlect one or both of the optional methods, enter the total of lines 15 and 17 here 40 Combine ines da ad 4. If less than $400, stop: you don't owe self-employment tax. Exceptions less than $400 and you had church employne income, enter-O- and continue 40 5a Enter your church employee income from Form W-2. See instructions for definition of church employee income Multiply line 5a by 82 35% (0.9235), less than $100. enter-O- 5b 6 Add lines ac and 5b 6 7 Maximum amount of combined wages and self-employment earnings subject to social security tax or the 6.2% portion of the 7.65% railroad retirement for 1) tax for 2020 7 137.700 Ba Total social security wages and tips total of boxes 3 and 7 on Forms) W-2) and railroad retirement (tie 1) compensation. $137,700 or more shop lines 8b through 10, and go to line 11 Ba b Unreported tips subject to social security tax from Form 4137, line 10 Bb e Wages subject to social security tax from Form 1919. line 10 Bc d Add lines Ba, Bb, and Bc Bd Subtractive Bd from line 7. zero or loss, enter-Ohore and on line 10 and go to line 11 10 Multiply the smaller of line or line 9 by 12.4% (0.124) 10 11 Multiply line 6 by 2.9% (0.029) 12 Self-employment tax. Add lines 10 and 11. Enter here and on Schedule 2 (Form 1040), line 4 12 13 Deduction for one-half of self-employment tax Multiply line 12 by 50% (0.50). Enter here and on Schedule 1 Form 1040). line 14 Part Optional Methods To Figure Net Earnings See Instructions Farm Optional Method. You may use this method only if (a) your gross farm income' wasn't more than $8.460, or your not tarm profits were less than 56,107. 14 Maximum income for optional methods 14 15 5640 Enter the smaller of two-thirds of gross farmincome note than er or $5,640. Also include this amount on line 4b above 15 Nonfarm Optional Method. You may use this method only if your nat non profits were less than 50, 107 and also less than 72.189% of your grossenfarm income, and you had not coming from self-employment of at least $400 in 2 of the prior 3 years Gaution. You may in this methodno more than five times 16 Subtract line 15 from line 14 16 17 Enter the smaller at two-thirds of gross nonfam incomanat less than er or the amount on Tine 16. Also, include this amount on line 41 above 17 From Finand 14 de Prokt Fotos 14.000 Free and Sch. 11000 code A Front and You can bond For Paperwork Reduction Act Notice your tax return instructions $38. & Individual Return (Linda and Kyle Smith) Linda and Kyle Smith are married taxpayers who file a joint return. Their social security numbers are 123-45-6789 and 111-11-1111, respectively. Linda's birthday is September 21, 1977, and Kyle's is June 27, 1967. They live at 473 Revere Avenue, Lowell, MA 01850. Linda is the office manager for Lowell Dental Clinic. Kyle is the self-employed physical therapist. The following information is shown on Linda's Wage and Tax Statement (Form W-2) for the tax year Line Description Linda 1. Wage, tips, other compensation $58,000 2. Federal income tax withheld 6,960 4. Social security tax withheld 3,596 6. Medicare tax withheld 841 17 State income tax withheld 2,610 During the year, Kyle recorded the following items of his business: Revenue from patient visits $270,000 Property tax on the office 4,500 Mortgage interest on the office 12,000 Depreciation on the office 5,500 Malpractice insurance 37,500 Utilities paid for the office 13,750 Office staff salaries 51,000 Rent payments on equipment 15,000 health insurance premium paid for himself and his dependents 2,500 health insurance premium paid for his employees 5,000 Kyle made the estimate Federal income tax payment totaled $28,000. He also made the estimate state income tax payment of $3,500 during the tax year. The Smiths provide over half of the support of their two children, Abby (born January 25, 1994, Social security number 123-45-6788) and Michael (born February 7, 2000, Social Security number 123-45-6786). Both children are full-time students and live with the Smiths except when they are away at college. Abby eamed 54,500 from a summer internship, and Michael eamed 53,800 from a part-time job. The Smiths furnished 60% of the total support of Kyle's widower father, Paul Smith (born March 6, 1939, social security number 123-45-6777). Paul died in November 2019, and Kyle, the beneficiary of a policy on Paul's life, received life insurance proceeds of $800,000 on January 28, 2020. The Smiths also made some investment activities. The following information is shown their investment income / (loss): Interest income from saving account $200 A gain from selling Netflix stock (hold for 7 months) 5,000 A loss from selling Bank of America stock (hold for 15 (1,500) months) An non-business bad debt (hint: tax treatment as short-term (2,000) capital loss) The Smiths had the following expenses relating to their personal residence during the tax year Property Taxes $5,000 Qualified interest on home mortgage $8,800 Unreimbursed Medical expenses paid: Medical expenses $4,500 Doctor bill 7,600 Operation 8,500 Hospital expenses 3,500 Interest payment on car loan 1,500 Utilities 4,100 Union dues paid by Linda 600 Linda's work uniform expenses 450 Prepare the Federal income tax return of 2020 for the Smiths. You will include Form 1040, Schedule 1, Schedule C-only page 1, and Schedule A, Schedule SE-only page 1 Check your figures: Kyle's net business income (Scit. ) S125750 Adjusted Gross income is $174066 Itemized deductions: 29845 Qualified business income deduction: 22873 Texable income 121349 They owe $584 (you may have a fear dollurs difference due to the rounding) 1991 Department of the Terms Revenge Service 1040 U.S. Individual Income Tax Return 2020 OMB No. 1545-0074 IRS Use Only Do not write staple in the Filing Status Single Married filling jointly Married fling separately (MFS) Head of household HOH) Qualifying widowlan (OW Check only # you checked the MFS box, enter the name of your spouse. If you checked the HOH or GW box, enter the child's name if the qualitying one box person is a child but not your dependent Your first name and midde initial Last name Your social security number I joint return, spouse's first name and middle initial Last name Spouse's social security number Home address number and street. Wyou have a P.O.Box, soniatructions Apt.no Presidential Election Campaign Check here if you, or your State City, town, or post office. If you have a foreign address, also complete spaces below ZP code spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change Foreign country home Foreign provinow/state/county Foreign postal code your tax or refund. You Spouse Yes At any time during 2020, did you receive, sol, and exchange, or otherwise acquire any financial interest in any virtual currency? No 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 bom before January 2, 1956 Are blind Spouse: Was born before January 2, 1956 Is blind Dependents (see instructions): (2) Social security (3) Relationship 14 of qualified for the instruction (1) First name Last name number to you Child tax credit If more Credit for other dependents than four dependents see instructions and check here 1 Wages, salaries, tips, etc. Attach Form(s) W-2 1 Attach 28 Tax-exempt interest 2a b Taxable interest 20 Sch. Bir 3a 3a Qualified dividends required 3b b Ordinary dividends 48 IRA distributions 4a b Taxable amount 4b sa Pensions and annuities 5a b Taxable amount 5b Standard Ba Social security benefits b Taxable amount Deduction for 7 Capital gain or Cos)Attach Schedule D if required. If not required, check here 7 Single or Married in 8 Other income from Schedule 1, line 9 8 separately $12.400 9 Add lines 1, 2, 3, 4, 5, 6b. 7. and 8. This is your total income 9 Married ning 10 Adjustments to income: Joint of Quniyang a From Schedule 1, line 22 10a widowon b 524.00 Charitable contributions if you take the standard deduction. So instructions 10b Head of Add lines 10 and 106. These are your total adjustments to income 100 household $18,650 11 Subtract line 10c from line 9. This is your adjusted gross income 11 you checked 12 Standard deduction or itemized deductions from Schedule A) wybox under Standard 13 Qualified business income deduction. Altach Form 6995 or Form 8996-A 13 Dacacion 14 Add lines 12 and 13 14 see instructions 15 Taxable income. Subtract line 14 from line 11. If zero or loss, enter-0- 15 For Disclosure. Privacy Act, and Puperwork Reduction Act Notice, separate Instruction Cat112208 For 1040 Form 1040 (2020 Page 2 16 Tax (see instructions). Check any from Form: 1 8814 2 4972 3 16 17 Amount from Schedule 2, line 3 17 18 Add lines 16 and 17 18 19 Child tax credit or credit for other dependents 19 20 Amount from Schedule 3, line 7 20 21 Add lines 19 and 20 21 22 Subtract line 21 from line 18. If zero or less, enter-O- 23 Other taxes, including self-employment tax, from Schedule 2. line 10 23 24 Add lines 22 and 23. This is your total tax 24 25 Federal income tax withheld from a Formis) W-2 25a b Form(s) 1099 256 Other forms is instructions) 25 d Add lines 25a through 250 26 25 - If you have 2020 estimated tax payments and amount applied from 2019 retum Qualifying child 27 Earned Income credit (EIC) 27 tch Schuld 28 28 . you have Additional child tax credit. Attach Schedule 8812 nortable 29 American opportunity credit from Form 8863, line 8 29 combat pay en 30 Recovery rebate credit. See Instructions 30 31 Amount from Schedule 3, line 13 31 32 Add lines 27 through 31. These are your total other payments and refundable credits 32 Add lines 25d, 26, and 32. These are your total payments 34 Refund If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid 35a Amount of line 34 you want refunded to you. It Fom 8888 is attached, check here 35a Direct deposit? b Routing number Type: Checking Savings See instructions d Account number 36 Amount of line 34 you want applied to your 2021 estimated tax 36 Amount 37 Subtract line 33 from line 24. This is the amount you owe now 37 You Owe NoteSchedule H and Schedule Se fiers, line 37 may not represent all of the two you owe for For details on 2020. See Schedule 3, line 120, and its instructions for details how to pay, Instruction 38 Estimated tax penalty (see instructions) 38 Third Party Do you want to allow another person to discuss this return with the RS? See Designee instructions Yes. Completo below. No Designe's Phone Personal diction PN Sign Under per of pey, I declare that I have eumined this retum and accompanying schools and stand to the best of my knowledge and bele, they are true conect, and complete Declaration of properer other than tumpayer is based on a Womation of which Here who wyko Your signature Date Your occupation the RS sont only on turn Gotion Spouse's signature a joint return, both must sign Date Spouse Your poudan copy to con Perhe 838 no Phone Prew's Prepower's signature Date PTIN Check spoed Paid Preparer Use Only Fustane . FEN Go to www.ingowford forintos undon 1040 Additional Income and Adjustments to Income 2020 SCHEDULE 1 OMB No 1545-0074 (Form 1040) Department of the Treaty Attach to Form 1040 1040-SR, or 1040-NR. Inhal Revenue Service Go to www.in.gov/Form100 for instructions and the latest Information Attachment See No. 01 Name() shown on Form 1040, 1040-SR, or 1040-NR Your social security number 1 2a 3 4 5 6 7 6 . 8 8 9 10 Parti 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 4 Other gains or losses). Attach Form 4797 5 Rental real estate, royalties, partnerships, Scorporations, trusts, etc. Attach Schedule E Farm income or (loss). Attach Schedule F 7 Unemployment compensation. Other income. List type and amunt Combine lines 1 through 8. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 8. Part II Adjustments to Income 10 Educator expenses 11 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 12 Health savings account deduction. Attach Form 8889 13 Moving expenses for members of the Armed Forces. Attach Form 3903 14 Deductible part of self-employment tax. Attach Schedule SE 15 Self-employed SEP, SIMPLE, and qualified plans 16 Self-employed health insurance deduction 17 Penalty on early withdrawal of savings 18a Alimony paid b Recipient's SSN c Date of original divorce or separation agreement (see instructions) 19 IRA deduction 20 Student loan interest deduction 21 Tuition and feos deduction. Attach Form 8917 22 Add lines 10 through 21. These are your adjustments to income. Enter here and on Form 1040, 1040 SR or 1040-NR, line 10a For Paperwork Reduction et Morice, we your tax retum intruction 11 12 13 14 15 16 17 18a 19 20 21 22 Schache am 100 000 Cal7147 OM 1450 SCHEDULE C Profit or Loss From Business (Form 1040 Sole Proprietor Det Go to www.in.gov/Schedule torrions and the information Wana Anach to Form 1040 1040-SR, 1080-NR, or 1041: portes e Form 1066 Nap 2020 Sen 09 ber A Principais of profession, including product or service second C Busios ramenor business name DE Yes No Doo Yes No Yes No Brancusing site or room) Cytown or post offices and P code F Accounting method 19 Cash Accu P other G Did you may panicipate in the operation of this business during 2001 Nections for limetonos If you started on this business during 2020, check here Did you may payments in 2020 that would require you to file Form 10907 Sections Yes ad you will you regard Form 10991 Part Income Grosse Structions for ine 1 and check the bort this comported to you on For W-2 and the Story employee box on how checked 1 2 Reture and shows 2 3 Subtract line 2 bromine 1 4 Cost of goods sold from in 4 Gross profit. Subtract from line 3 5 Other income, including federal and state of creditorudention Green Om Add 16 > 7 Part II Expenses. Enter expenses for business use of your home only on line 32 3 Advertising 18 O expections 18 9 Carduck expenses 19 13 Instructions Mentoriruction 10 Commons and to 10 #Vachand met 200 11 Contractors instruction 11 Ombuat Depletion 12 21 Repen and maintenance 21 Depreciation and section 179 22 Supleno included in Part sperse deduction in included in Pati Tad icons 23 instruction 13 24 Trandma 14 Employee bent program Travel other than 14 Deduct 16 Insurance for the 15 incos 16 25 . Mortgage tar, 16 Wagent credit 25 Other 106 278 Ore persone 2a Reserved for rese Total expense before per forts of home Add to Tentative proro Subtractin 28 tromline 7 29 20 Expens for use of your home Do not report the expense om 9 using the method Sections Simge methods only Entertage of your home and the part of your home for business Une the Said Method Worshitheaction to figure out online 30 31 Het profe or Surne Otroline 20 poft enter on bom Bot Form 1040, ne ndon Schede 2. you checked the box on to and for 1061, 31 you must 2 you are a fost check the box that can you in the Stone you checked. the loss on both schedule 1 Form 1040, Beard on Siche SE 2. you read the box Form 1041, line Some you checked 39 muattach Form 1 Yemen For Paperwork Reaction Acte, pentru ERR and SCHEDULE A Itemized Deductions OMEN 1545-0074 Form 1040 Go to www.in.gov/Schedule for instructions and the latest information 2020 Attach to Form 1040 or 1040-SR. of the Attachment and feel Caution: If you are claiming a not qualified disaster ons on Form 4884, see the instructions for Ine 16. Sequence No. 07 shown on Form 100 1040-GR Your social security number Medical Caution: Do not include expenses reimbursed or paid by others 1 Medical and dental expenses (see instructions) 1 Dental 2 Enter amount from Form 1040 or 1040-SR, line 112 Expenses 3 Multiply line 2 by 7.5% (0.075) 3 4 Subtract line 3 from line 1. I line 3 is more than line 1, enter-0. Taxes You 5 State and local taxes Paid a State and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line 5a, but not both. If you elect to include general sales taxes instead of income taxes, check this box 5a State and local real estate taxes (see instructions) 5b c State and local personal property taxes 5c dAdd lines 5a through 50 5d .Enter the smaller of line 5d or $10,000 ($5,000f married filing separately) 5e 6 Other taxes. List type and amount 6 7 Add lines 5e and 6 Interest 8 Home mortgage Interest and points. If you didn't use all of your home You Paid mortgage loans) to buy build, or improve your home, see Caution Your instructions and check this box mortgage Section may be a Home mortgage interest and points reported to you on Form 1098. See Instructions limited Ba b Home mortgage interest not reported to you on Form 1098. See instructions it limited. I paid to the person from whom you ought the home, see instructions and show that person's name, idettying no.. and address Bb c Points not reported to you on Form 1098. See instructions for special rules Sc d Mortgage Insurance premiums (see instructions) Bd Add lines Ba through Bd 80 9 Investment interest. Altach Form 4952 if required. See Instructions 9 10 Add lines Be and 9 10 Gifts to 11 Gifts by cash or check. If you made any gift of $250 or more, see Charity Instructions 11 12 Other than by cash or check. If you made any gift of $250 or more made and See Instructions. You must attach Form 6283 If over $500 12 gutterfort con 13 Carryover from prior your 13 14 Add lines 11 through 13 14 Casually and 15 Casualty and the lossle) from a federally declared disaster (other than not qualified Theft Losses disaster losses). Attach Form 4684 and enter the amount from line 18 of that form. See Instructions 15 Other 16 Other from list in instructions. List type and amount itemized Deductions 16 17 Add the amounts in the far right column for lines 4 through 16. Also, enter this amount on Itemized Form 1040 or 1040-SR, line 12 17 Deductions 18 If you slect to itemize deductions even though they are less than your standard deduction, check this box For Paperwork Reduction Act Notice, see the instructions for Forma 1040 and 1040-SR Ca. 171450 Schedule A Form1010 2009 Total 1 SCHEDULE SE Self-Employment Tax Form 1040 Go to www.insgow Schedules for instructions and the latest information 2020 Dentofte er Attach to Form 1040, 040-SR, or 1040-NR. Sequence No. 17 empre in form 1046 104-SL100DNO Social security number of person with self-employment income Parti Self-Employment Tax Note: If your only income subject to self-employment tax is church employee income, so instructions for how to report your income and the definition of church employee income If you are a minister, member of a religious order, or Christian Science practitioner and you filed Form 4361, but you had $400 or more of other net cernings from self-employment, check here and continue with Part 1 Skip lines Ta and 1b if you use the farm optional method in Part II See instructions 10 Not for profit or loss) from Schedule F. line 34, and tarm partnerships Schedule K-1 (Form 1065), box 14 code A Ta DW you received social security retirement or disability benefits, enter the amount of Conservation Reserve Program payments included on Schedule F, line 4b, or listed on Schedule K-1 Form 1065), box 20, code AH 15 Skip line 2if you use the nonfarm optional method in Part It See instructions Net profit of (o) from Schedule C, line 31 and Schedule K-1 (Form 1065), box 14, code A (other than torming. So instructions for other income to report or if you are a minister or member of a religious order 2 3 Combine lines 1a, 1b, and 2 3 48 line 3 is more than 200, multiply line 3 by 92.35% (0.9235). Otherwise, enter amount from line 3 4a Note: Wine ta ise than $400 due to Conservation Reserve Program payments on line 1b, se instructions If you dlect one or both of the optional methods, enter the total of lines 15 and 17 here 40 Combine ines da ad 4. If less than $400, stop: you don't owe self-employment tax. Exceptions less than $400 and you had church employne income, enter-O- and continue 40 5a Enter your church employee income from Form W-2. See instructions for definition of church employee income Multiply line 5a by 82 35% (0.9235), less than $100. enter-O- 5b 6 Add lines ac and 5b 6 7 Maximum amount of combined wages and self-employment earnings subject to social security tax or the 6.2% portion of the 7.65% railroad retirement for 1) tax for 2020 7 137.700 Ba Total social security wages and tips total of boxes 3 and 7 on Forms) W-2) and railroad retirement (tie 1) compensation. $137,700 or more shop lines 8b through 10, and go to line 11 Ba b Unreported tips subject to social security tax from Form 4137, line 10 Bb e Wages subject to social security tax from Form 1919. line 10 Bc d Add lines Ba, Bb, and Bc Bd Subtractive Bd from line 7. zero or loss, enter-Ohore and on line 10 and go to line 11 10 Multiply the smaller of line or line 9 by 12.4% (0.124) 10 11 Multiply line 6 by 2.9% (0.029) 12 Self-employment tax. Add lines 10 and 11. Enter here and on Schedule 2 (Form 1040), line 4 12 13 Deduction for one-half of self-employment tax Multiply line 12 by 50% (0.50). Enter here and on Schedule 1 Form 1040). line 14 Part Optional Methods To Figure Net Earnings See Instructions Farm Optional Method. You may use this method only if (a) your gross farm income' wasn't more than $8.460, or your not tarm profits were less than 56,107. 14 Maximum income for optional methods 14 15 5640 Enter the smaller of two-thirds of gross farmincome note than er or $5,640. Also include this amount on line 4b above 15 Nonfarm Optional Method. You may use this method only if your nat non profits were less than 50, 107 and also less than 72.189% of your grossenfarm income, and you had not coming from self-employment of at least $400 in 2 of the prior 3 years Gaution. You may in this methodno more than five times 16 Subtract line 15 from line 14 16 17 Enter the smaller at two-thirds of gross nonfam incomanat less than er or the amount on Tine 16. Also, include this amount on line 41 above 17 From Finand 14 de Prokt Fotos 14.000 Free and Sch. 11000 code A Front and You can bond For Paperwork Reduction Act Notice your tax return instructions $38. &