Interview Notes

Mark and Barbara are married and want to file a joint return.

Mark retired and began receiving retirement income on March 1, 2017 . No distributions were received prior to his retirement . Mark selected a joint survivor annuity for these payments . The plan cost at annuity start date was $14,500 . Mark has already recovered $1,029 of his cost in the plan .

The Matthews received a $125 state income tax refund from their 2018 state tax return . The Matthews do not have enough deductions to itemize for 2019 and they have never itemized deductions .

Mark and Barbara stated if they are entitled to a refund, they want half of it deposited into their checking account and the other half deposited into their savings account . The checking account number is 123456789 and the savings account number is 987654321 . Both accounts are from Adelphi Bank and Trust .

	22. The correct amount of taxable interest on Form 1040 is $300.

True

False

CORRECTED checked . . . Adelphi Bank and Trust 8020 Yankers Blvd YOUR CITY, STATE ZIP 2019 Interest Income 1000 INT Copy 34-7XXXXXX 317-00-xxxx MARK MATTHEWS 742 RED ROOSTER YOUR CITY, STATE ZIP for your records