Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Instructions Form 1040 Schedule 1 Schedule A Form 4684 Tax Table E Instructions Comprehensive Problem 5-2A Bea Jones (birthdate March 27, 1984) moved from Texas

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Instructions Form 1040 Schedule 1 Schedule A Form 4684 Tax Table E Instructions Comprehensive Problem 5-2A Bea Jones (birthdate March 27, 1984) moved from Texas to Florida in December 2018. She lives at 654 Ocean Way, Gulfport, FL 33707. Bea's Social Security number is 466-78-7359 and she is single. Her earnings and income tax withholding for 2019 for her job as a manager at a Florida shrimp- processing plant are: $44,000 Earnings from the Gulf Shrimp Co. Federal income tax withheld State income tax withheld 4,600 0 Bea's other income includes interest on a savings account at Beach National Bank of $1,200 and $600 per month alimony from her ex-husband in accordance with their August 2011 divorce decree. Bea's employer operates a 401(k) plan, and although she is eligible, Bea does not participate. During 2019, Bea paid the following amounts (all of which can be substantiated): $8,800 2.300 820 Home mortgage interest (1098 not shown) Auto loan interest State sales tax Property taxes on personal residence Unreimbursed hospital bills Doctor bills 3,233 3.275 2.612 Check My Work DMy Questions barte eBook Calculator Print item 2,612 720 Doctor bills Other deductible medical expenses Income tax preparation fee Job-hunting expenses Contribution to IRA 600 925 2.300 In September 2019, Tropical Storm Yuri struck Gulfport and a tree fell on Bea's home. Bea acquired the home in February 2012 for $110,000. The FMV of her home before the storm was $117,800. The estimated loss in market value from damage was equal to her repair charge of $7,800. The damage caused by TS Yuri was declared a federal disaster (code EM-1212). Bea's deductible was quite high and her insurance company only reimbursed her $1,200. Required: Complete Bea's Form 1040 and Schedules 1. A and Form 4684 Bea had health coverage for the entire year and does not want to make a contribution to the presidential election campaign. Make realistic assumptions about any missing data. Enter all amounts as positive numbers. If an amount box does not require an entry or the answer is zero, enter "o". If required round any dollar amount to the nearest dollar. Check My Won The most familiar taxable entity is the individual. Taxable income for individuals generally includes income from all sources such as wages, salaries, self-employment earnings, rents, interest, and dividends. Individual taxpayers file Form 1040. In previous years, Forms 104002 and 1040A were also available. The Form 1040 has been simplified and a new Form 1040-SR is available. Some of the more complex lines of the old Form 1040 now appear 1 on a series of Schedules (1-3) that are attached to Form 1040 That was invaretatt either the chant din naminator inne framewhat Complete Bea's Form 1040 Form Department of the Treasury-Internal Revenue Service (99) 1040 U.S. Individual Income Tax Return 2019 OMB No. 1545-0074 IRS Use Only Filing Status Single Your first name and middle initial Bea If joint return, spouse's first name and middle initial Last name Jones Last name Home address (number and street). If you have a P.O. box, see instructions. Apt. no. 654 Ocean Way Your social security number 466-78-7359 Spouse's social security number Presidential Election Campaign Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change your tax or refund None City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions). Gulfport, FL 33707 Foreign province/state/county Foreign country name Foreign postal code r more than four dependents, see instructions and here Standard Deduction Someone can claim: None Age/Blindness You: None Spouse: None Check My Work La instructor Save and Submit Assignment for 0 O 6 1 Wages, salaries, tips, etc. Attach Form(s) W-2 1 44,000 2a Tax-exempt interest .. 2a b Taxable interest. Attach Sch. B if required 2b Standard 1,200 3a Qualified dividends ... Deduction for b Ordinary dividends. Attach Sch. B if required Single or 3b 4a IRA distributions ..... 4a Married filing b Taxable amount 4b separately, C Pensions and annuities 4c d Taxable amount 4d $12,200 Sa Social security benefits Sa Married filing b Taxable amount Sb jointly or 6 Capital gain or loss). Attach Schedule D if required. If not required, check here. Qualifying widow(er), 7a Other income from Schedule 1, line 9. 7a 7,200 $24,400 b Add lines 1, 2b, 3b, 46, 4, 5, 6, and 7a. This is your total income 7b 52,400 Head of household, 2.300 Ba Adjustments to income from Schedule 1, line 22 $18,350 50,100 If you checked Subtract line sa from line 7b. This is your adjusted gross income any box under 9 Standard Standard deduction or itemized deductions (from . 9,973 X Deduction, see Schedule A).... instructions 10 Qualified business income deduction. Attach Form 1995 or 10 Form 8995-A... 13,214 X 11a Add lines 9 and 10..... b Taxable income. Subtract line 11a from line Sb Cat. No. 113208 Form 1040 (2019) For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Check My Work Submit Assignment for Grading Emal instructor Form 8995-A 11a Add lines 9 and 10.. Ila 13,214 X b Taxable income. Subtract line 11a from line 8b 11b For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11320B Form 1040 (2019) Form 1040 (2019) 466-78-7359 Page 2 12a 953 x 12b 2,821 x Bea Jones 12a Tax (see inst.) Check if any from Form(s): 108814 2 4972 30 b Add Schedule 2, line 3, and line 12a and enter the total 13a Child tax credit or credit for other dependents. 13a b Add Schedule 3, line 7, and line 13a and enter the total 14 Subtract line 13b from line 12b. If zero or less, entero- 15 Other taxes, including self-employment tax, from Schedule 2 line 10 16 Add lines 14 and 15. This is your total tax 17 Federal income tax withheld from Forms W-2 and 1099.. ty 13b 14 15 16 17 18 If you have a qualifying child attach Sch. EIC If you have nontaxable combat pay, see Instructions Other payments and refundable credits: .. a Earned income credit (EIC) 18 b Additional child tax credit. Attach Schedule 8812 185 1 American opportunity credit from Form 8863, line 8 d Schedule 3, line 14...... 18d e Add lines 18a through 18d. These are your total other payments and refundable credits 18e Save and Ex Submit Assignment for Gras Check My Work Emall instructor eBook combat pay, see instructions. Calculator Print Item C American opportunity credit from Form 8863, line 8 18c d Schedule 3, line 14. 18d e Add lines 18a through 18d. These are your total other payments and refundable credits. 19 Add lines 17 and 18e. These are your total payments. 18e 19 20 841 x 22 23 Refund 20 If line 19 is more than line 16, subtract line 16 from line 19. This is the amount you overpaid 21a Amount of line 20 you want refunded to you. If Form 8888 is attached, check here zla 841 X Direct deposit? Routing number 1 Type: Checking Savings See instructions. d Account number 22 Amount of line 20 you want applied to your 2020 estimated tax .......... Amount 23 Amount you owe. Subtract line 19 from line 16. For details on how to pay, see instructions.... You Owe 24 Estimated tax penalty (see instructions) 24 Third Party Do you want to allow another person (other than your pard prepair) to discuss this return with Yes. Complete below. No the IRS? See instructions. Designee Phone Personal identification (Other than Designee's number (PIN) paid preparer) name Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and Sign to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than Here taxpayer) is based on all information of which preparer has any knowledge Your occupation If the IRS sent you an Identity Your signature no. . Date Save and Submit Augment for Grad Emal instructor Check My Work 1 SCHEDULE 1 OMB No. 1545-0074 (Form 1040 or 1040-SR) Additional Income and Adjustments to Income 2019 Department of the Treasury Attach to Form 1040 or 1040 SR. Attachment Internal Revenue Service Go to www.irs.gov/Form 1040 for instructions and the latest information. Sequence No. 01 Name(s) shown on Form 1040 or 1040-SR Your social security number Bea Jones 466-78-7359 Part 1 Additional Income 1 Taxable refunds, credits, or offsets of state and local income taxes. 2a Alimony received. 2a b Date of original divorce or separation agreement (see instructions) 08/2011 Business income or (loss). Attach Schedule C.... 3 4 Other gains or losses). Attach Form 4797...... 5 Rental real estate, royalties, partnerships, Scorporations, trusts, etc. Attach Schedule E. 6 Farm income or (loss). Attach Schedule F. 7 Unemployment compensation ... Other income. List type and amount 3 4 6 7 8 8 9 9 Combine lines 1 through 8. Enter here and on Form 1040 or 1040-SR, line 7 Part II Adjustments to Income 10 10 Educator expenses... Certain business expenses of reservists. performing artists, and fee-basis government officials. Attach Form 11 Check My Work Email Instructor Save and Exit Submit Assignmen All work saved. Print Item 6 6 7 Farm income or loss). Attach Schedule F. Unemployment compensation.. Other Income. List type and amount 7 8 8 9 Combine lines 1 through 8. Enter here and on Form 1040 or 1040-SR, line 7a. 9 10 11 12 13 14 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. 15 16 17 18 10 20 21 20 Student loan interest deduction .. 21 Reserved for future use 22 Add lines 10 through 21. These are your adjustments to income. Enter here and on Form 1040 or 1040-SR. line sa 22 Check My Work Email Instructor Save and Submit Assignment for Grading All work saved G SCHEDULE A Itemized Deductions OMB No. 1545-0074 (Form 1040 or 1010-SR) Go to www.irs.gov/Scheduled for instructions and the latest Information. Attach to Form 1040 or 1040-SR. 2019 Department of the Treasury Caution: If you are claiming a net qualified disaster loss on Form 4684, see the Attachment Internal Revenue Service (99) instructions for line 16 Sequence No. 07 Name(s) shown on Form 1040 or 1040-SR Your social security number Bea Jones 466-78-2359 Caution. Do not include expenses reimbursed or paid by others. Medical 1 Medical and dental expenses (see instructions). and 2 Enter amount from Form 1040 or 1040- 2 SR, line 8b Dental 3 Multiply line 2 by 10% (0.10) Expenses 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter-O- Taxes You Paid 5 State and local taxes 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 b State and local real estate taxes (see instructions) 5b c State and local personal property taxes 56 d Add lines 5a through 5c.. 5d e Enter the smaller of line 5d or $10,000 ($5,000 if married filing Check My Work Email Instructor Save and Submit Assignment for All work saved Book Calculator Print Item VICTOCARUCIORADIOSTRES 5c 5d c State and local personal property taxes d Add lines 5a through 5c... e Enter the smaller of line 5d or $10,000 ($5,000 if married filing separately)... 6 Other taxes. List type and amount 5e 6 7 Interest You Paid 7 Add lines 5e and 6. 8 Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions and check this box ....... a Home mortgage interest and points reported to you on Form 1098. See instructions if limited b Home mortgage interest not reported to you on Form 1098. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address Caution: Your mortgage interest deduction may be limited (see instructions) Ba Bb 8c Bd Be c Points not reported to you on Form 1098. See instructions for special rules d Reserved. e Add lines Ba through 8C 9 Investment interest. Attach Form 4952 if required. See instructions, 10 Add lines 8e and 9. o 10 Submit Assignment to Check My Work Save and Emal instructor Print Item e Add lines Ba through 8c. 9 Investment interest. Attach Form 4952 if required. See instructions. 9 10 Add lines 8e and 9... 10 Gifts to 11 Gifts by cash or check. If you made any gift of $250 or more, Charity see instructions .... 11 Caution: If you 12 Other than by cash or check. If you made any gift of $250 or more, made a gift and see instructions. You must attach Form 8283 if over $500. 12 got a benefit for it, see 13 Carryover from prior year 13 Instructions. 14 Add lines 11 through 13. 14 Casualty and 15 Casualty and theft loss(es) from a federally declared disaster (other than net qualified disaster Theft Losses 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 16 Deductions Total 17 Add the amounts in the far right column for lines 4 through 16. Also, enter this amount on 17 Form 1040 or 1040-SR, line 9 Itemized 18 If you elect to itemize deductions even though they are less than your standard deduction, Deductions check this box...... Schedule A (Form 1040 or 1040-SR) 2019 For Paperwork Reduction Act Notice, see the Instructions for Forms Cat, No. 171456 1040 and 1040-SR. Feedback Check My Work Check My Work Email Instructor Save and Exit Submit Assignmen All work saved . Your taxis Your taxis # - # - # 1,000 USIO SERIE SANAS UNION BIELE DERES BLOUS SUREL + * ===== *= AAA = Your tax * A MA Instructions Form 1040 Schedule 1 Schedule A Form 4684 Tax Table E Instructions Comprehensive Problem 5-2A Bea Jones (birthdate March 27, 1984) moved from Texas to Florida in December 2018. She lives at 654 Ocean Way, Gulfport, FL 33707. Bea's Social Security number is 466-78-7359 and she is single. Her earnings and income tax withholding for 2019 for her job as a manager at a Florida shrimp- processing plant are: $44,000 Earnings from the Gulf Shrimp Co. Federal income tax withheld State income tax withheld 4,600 0 Bea's other income includes interest on a savings account at Beach National Bank of $1,200 and $600 per month alimony from her ex-husband in accordance with their August 2011 divorce decree. Bea's employer operates a 401(k) plan, and although she is eligible, Bea does not participate. During 2019, Bea paid the following amounts (all of which can be substantiated): $8,800 2.300 820 Home mortgage interest (1098 not shown) Auto loan interest State sales tax Property taxes on personal residence Unreimbursed hospital bills Doctor bills 3,233 3.275 2.612 Check My Work DMy Questions barte eBook Calculator Print item 2,612 720 Doctor bills Other deductible medical expenses Income tax preparation fee Job-hunting expenses Contribution to IRA 600 925 2.300 In September 2019, Tropical Storm Yuri struck Gulfport and a tree fell on Bea's home. Bea acquired the home in February 2012 for $110,000. The FMV of her home before the storm was $117,800. The estimated loss in market value from damage was equal to her repair charge of $7,800. The damage caused by TS Yuri was declared a federal disaster (code EM-1212). Bea's deductible was quite high and her insurance company only reimbursed her $1,200. Required: Complete Bea's Form 1040 and Schedules 1. A and Form 4684 Bea had health coverage for the entire year and does not want to make a contribution to the presidential election campaign. Make realistic assumptions about any missing data. Enter all amounts as positive numbers. If an amount box does not require an entry or the answer is zero, enter "o". If required round any dollar amount to the nearest dollar. Check My Won The most familiar taxable entity is the individual. Taxable income for individuals generally includes income from all sources such as wages, salaries, self-employment earnings, rents, interest, and dividends. Individual taxpayers file Form 1040. In previous years, Forms 104002 and 1040A were also available. The Form 1040 has been simplified and a new Form 1040-SR is available. Some of the more complex lines of the old Form 1040 now appear 1 on a series of Schedules (1-3) that are attached to Form 1040 That was invaretatt either the chant din naminator inne framewhat Complete Bea's Form 1040 Form Department of the Treasury-Internal Revenue Service (99) 1040 U.S. Individual Income Tax Return 2019 OMB No. 1545-0074 IRS Use Only Filing Status Single Your first name and middle initial Bea If joint return, spouse's first name and middle initial Last name Jones Last name Home address (number and street). If you have a P.O. box, see instructions. Apt. no. 654 Ocean Way Your social security number 466-78-7359 Spouse's social security number Presidential Election Campaign Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change your tax or refund None City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions). Gulfport, FL 33707 Foreign province/state/county Foreign country name Foreign postal code r more than four dependents, see instructions and here Standard Deduction Someone can claim: None Age/Blindness You: None Spouse: None Check My Work La instructor Save and Submit Assignment for 0 O 6 1 Wages, salaries, tips, etc. Attach Form(s) W-2 1 44,000 2a Tax-exempt interest .. 2a b Taxable interest. Attach Sch. B if required 2b Standard 1,200 3a Qualified dividends ... Deduction for b Ordinary dividends. Attach Sch. B if required Single or 3b 4a IRA distributions ..... 4a Married filing b Taxable amount 4b separately, C Pensions and annuities 4c d Taxable amount 4d $12,200 Sa Social security benefits Sa Married filing b Taxable amount Sb jointly or 6 Capital gain or loss). Attach Schedule D if required. If not required, check here. Qualifying widow(er), 7a Other income from Schedule 1, line 9. 7a 7,200 $24,400 b Add lines 1, 2b, 3b, 46, 4, 5, 6, and 7a. This is your total income 7b 52,400 Head of household, 2.300 Ba Adjustments to income from Schedule 1, line 22 $18,350 50,100 If you checked Subtract line sa from line 7b. This is your adjusted gross income any box under 9 Standard Standard deduction or itemized deductions (from . 9,973 X Deduction, see Schedule A).... instructions 10 Qualified business income deduction. Attach Form 1995 or 10 Form 8995-A... 13,214 X 11a Add lines 9 and 10..... b Taxable income. Subtract line 11a from line Sb Cat. No. 113208 Form 1040 (2019) For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Check My Work Submit Assignment for Grading Emal instructor Form 8995-A 11a Add lines 9 and 10.. Ila 13,214 X b Taxable income. Subtract line 11a from line 8b 11b For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11320B Form 1040 (2019) Form 1040 (2019) 466-78-7359 Page 2 12a 953 x 12b 2,821 x Bea Jones 12a Tax (see inst.) Check if any from Form(s): 108814 2 4972 30 b Add Schedule 2, line 3, and line 12a and enter the total 13a Child tax credit or credit for other dependents. 13a b Add Schedule 3, line 7, and line 13a and enter the total 14 Subtract line 13b from line 12b. If zero or less, entero- 15 Other taxes, including self-employment tax, from Schedule 2 line 10 16 Add lines 14 and 15. This is your total tax 17 Federal income tax withheld from Forms W-2 and 1099.. ty 13b 14 15 16 17 18 If you have a qualifying child attach Sch. EIC If you have nontaxable combat pay, see Instructions Other payments and refundable credits: .. a Earned income credit (EIC) 18 b Additional child tax credit. Attach Schedule 8812 185 1 American opportunity credit from Form 8863, line 8 d Schedule 3, line 14...... 18d e Add lines 18a through 18d. These are your total other payments and refundable credits 18e Save and Ex Submit Assignment for Gras Check My Work Emall instructor eBook combat pay, see instructions. Calculator Print Item C American opportunity credit from Form 8863, line 8 18c d Schedule 3, line 14. 18d e Add lines 18a through 18d. These are your total other payments and refundable credits. 19 Add lines 17 and 18e. These are your total payments. 18e 19 20 841 x 22 23 Refund 20 If line 19 is more than line 16, subtract line 16 from line 19. This is the amount you overpaid 21a Amount of line 20 you want refunded to you. If Form 8888 is attached, check here zla 841 X Direct deposit? Routing number 1 Type: Checking Savings See instructions. d Account number 22 Amount of line 20 you want applied to your 2020 estimated tax .......... Amount 23 Amount you owe. Subtract line 19 from line 16. For details on how to pay, see instructions.... You Owe 24 Estimated tax penalty (see instructions) 24 Third Party Do you want to allow another person (other than your pard prepair) to discuss this return with Yes. Complete below. No the IRS? See instructions. Designee Phone Personal identification (Other than Designee's number (PIN) paid preparer) name Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and Sign to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than Here taxpayer) is based on all information of which preparer has any knowledge Your occupation If the IRS sent you an Identity Your signature no. . Date Save and Submit Augment for Grad Emal instructor Check My Work 1 SCHEDULE 1 OMB No. 1545-0074 (Form 1040 or 1040-SR) Additional Income and Adjustments to Income 2019 Department of the Treasury Attach to Form 1040 or 1040 SR. Attachment Internal Revenue Service Go to www.irs.gov/Form 1040 for instructions and the latest information. Sequence No. 01 Name(s) shown on Form 1040 or 1040-SR Your social security number Bea Jones 466-78-7359 Part 1 Additional Income 1 Taxable refunds, credits, or offsets of state and local income taxes. 2a Alimony received. 2a b Date of original divorce or separation agreement (see instructions) 08/2011 Business income or (loss). Attach Schedule C.... 3 4 Other gains or losses). Attach Form 4797...... 5 Rental real estate, royalties, partnerships, Scorporations, trusts, etc. Attach Schedule E. 6 Farm income or (loss). Attach Schedule F. 7 Unemployment compensation ... Other income. List type and amount 3 4 6 7 8 8 9 9 Combine lines 1 through 8. Enter here and on Form 1040 or 1040-SR, line 7 Part II Adjustments to Income 10 10 Educator expenses... Certain business expenses of reservists. performing artists, and fee-basis government officials. Attach Form 11 Check My Work Email Instructor Save and Exit Submit Assignmen All work saved. Print Item 6 6 7 Farm income or loss). Attach Schedule F. Unemployment compensation.. Other Income. List type and amount 7 8 8 9 Combine lines 1 through 8. Enter here and on Form 1040 or 1040-SR, line 7a. 9 10 11 12 13 14 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. 15 16 17 18 10 20 21 20 Student loan interest deduction .. 21 Reserved for future use 22 Add lines 10 through 21. These are your adjustments to income. Enter here and on Form 1040 or 1040-SR. line sa 22 Check My Work Email Instructor Save and Submit Assignment for Grading All work saved G SCHEDULE A Itemized Deductions OMB No. 1545-0074 (Form 1040 or 1010-SR) Go to www.irs.gov/Scheduled for instructions and the latest Information. Attach to Form 1040 or 1040-SR. 2019 Department of the Treasury Caution: If you are claiming a net qualified disaster loss on Form 4684, see the Attachment Internal Revenue Service (99) instructions for line 16 Sequence No. 07 Name(s) shown on Form 1040 or 1040-SR Your social security number Bea Jones 466-78-2359 Caution. Do not include expenses reimbursed or paid by others. Medical 1 Medical and dental expenses (see instructions). and 2 Enter amount from Form 1040 or 1040- 2 SR, line 8b Dental 3 Multiply line 2 by 10% (0.10) Expenses 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter-O- Taxes You Paid 5 State and local taxes 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 b State and local real estate taxes (see instructions) 5b c State and local personal property taxes 56 d Add lines 5a through 5c.. 5d e Enter the smaller of line 5d or $10,000 ($5,000 if married filing Check My Work Email Instructor Save and Submit Assignment for All work saved Book Calculator Print Item VICTOCARUCIORADIOSTRES 5c 5d c State and local personal property taxes d Add lines 5a through 5c... e Enter the smaller of line 5d or $10,000 ($5,000 if married filing separately)... 6 Other taxes. List type and amount 5e 6 7 Interest You Paid 7 Add lines 5e and 6. 8 Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions and check this box ....... a Home mortgage interest and points reported to you on Form 1098. See instructions if limited b Home mortgage interest not reported to you on Form 1098. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address Caution: Your mortgage interest deduction may be limited (see instructions) Ba Bb 8c Bd Be c Points not reported to you on Form 1098. See instructions for special rules d Reserved. e Add lines Ba through 8C 9 Investment interest. Attach Form 4952 if required. See instructions, 10 Add lines 8e and 9. o 10 Submit Assignment to Check My Work Save and Emal instructor Print Item e Add lines Ba through 8c. 9 Investment interest. Attach Form 4952 if required. See instructions. 9 10 Add lines 8e and 9... 10 Gifts to 11 Gifts by cash or check. If you made any gift of $250 or more, Charity see instructions .... 11 Caution: If you 12 Other than by cash or check. If you made any gift of $250 or more, made a gift and see instructions. You must attach Form 8283 if over $500. 12 got a benefit for it, see 13 Carryover from prior year 13 Instructions. 14 Add lines 11 through 13. 14 Casualty and 15 Casualty and theft loss(es) from a federally declared disaster (other than net qualified disaster Theft Losses 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 16 Deductions Total 17 Add the amounts in the far right column for lines 4 through 16. Also, enter this amount on 17 Form 1040 or 1040-SR, line 9 Itemized 18 If you elect to itemize deductions even though they are less than your standard deduction, Deductions check this box...... Schedule A (Form 1040 or 1040-SR) 2019 For Paperwork Reduction Act Notice, see the Instructions for Forms Cat, No. 171456 1040 and 1040-SR. Feedback Check My Work Check My Work Email Instructor Save and Exit Submit Assignmen All work saved . Your taxis Your taxis # - # - # 1,000 USIO SERIE SANAS UNION BIELE DERES BLOUS SUREL + * ===== *= AAA = Your tax * A MA

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions