Jamie and Cecilia Reyes are husband and wife and file a joint return. They live at 5677 Apple Cove Road, Boise, ID 83722. Jamie's social security number is 412-34-5670 (date of birth 6/15/1970) and Cecilia's is 412-34-5671 (date of birth 4/12/1972). They provide more than half of the support of their daughter, Carmen (age 23), social security number 412-34-5672 (date of birth 9/1/1996), who is a full- time veterinarian school student. Carmen received a $3,200 scholarship covering some of her tuition at college. She was not required to perform any services to receive the scholarship. Jamie and Cecilia furnish all of the support of Maria (Jamie's grandmother), social security number 412-34-5673 (date of birth 11/6/1949), who is age 70 and lives in a nursing home. They also have a son, Gustavo (age 4), social security number 412-34-5674 (date of birth 3/14/2015). Jamie's W-2 contained the following information: Federal Wages (box 1) = $145,625.00 Federal w/H (box 2) = $ 15, 112.35 Social Security wages (box 3) = $128,400.00 Social Security W/H (box 4) = $ 7,960.80 Medicare Wages (box 5) = $145,625.00 Medicare W/H (box 6) = $ 2,111.56 State Wages (box 16) = $145,625.00 State W/H (box 17) = $ 5,435.00 Other receipts for the couple were as follows: $2,500 Dividends (all qualified dividends) Interest income: Union Bank State of Idaho-interest on tax refund City of Boise school bonds Interest from U.S. savings bonds (not used for educational purposes) 2018 federal income tax refund received in 2019 2018 state income tax refund received in 2019 Idaho lottery winnings Casino slot machine winnings Gambling losses at casino $ 220 22 1,250 410 2,007 218 1,100 2,250 6,500 Other information that the Reyeses provided for the 2019 tax year: Other information that the Reyeses provided for the 2019 tax year: Mortgage interest on personal residence Loan interest on fully equipped motor home Doctor's fee for a face-lift for Mrs. Reyes Dentist's fee for a new dental bridge for Mr. Reyes Vitamins for the entire family Real estate property taxes paid DMV fees on motor home (tax portion) DMV fees on family autos (tax portion) Doctors' bills for grandmother Nursing home for grandmother Wheelchair for grandmother Property taxes on boat Interest on personal credit card Interest on loan to buy public school district bonds Cash contributions to church (all the contributions were in cash and none more than $250 at any one time) Cash contribution to man at bottom of freeway off-ramp Contribution of furniture to Goodwill-cost basis Contribution of same furniture listed above to Goodwill-fair market value Tax return preparation fee for 2018 taxes $11,081 3,010 8,800 3,500 110 5,025 1,044 436 2,960 10, 200 1,030 134 550 270 6,100 25 4,000 410 625 Required: Prepare a Form 1040 and appropriate schedules for the completion of the Reyes's tax return. They do not want to contribute to the presidential election campaign and do not want anyone to be a third-party designee. For any missing information, make reasonable assumptions. (List the names of the taxpayers and any income they receive in the order in which they appear in the problem. Enter the required information in the Dependents section in a chronological order of "Dependent's social security number". Input all the values as positive numbers unless otherwise stated in the forms. Instructions can be found on certain cells within the forms. Round your final answers to the nearest whole dollar amount. Do not skip rows while entering in Deductions section of Form 1040 PG1 and in Interest section of Schedule B.) Use the appropriate Tax Tables and Tax Rate Schedules. 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 born before January 2, 1955 Are blind Spouse: Was born before January 2, 1955 Is blind Dependents (see instructions): (2) Social security number (3) Relationship to you (4) if qualifies for (see instructions): (1) First name Last name (Enter as xxx-XX-XXXX) Child tax credit Credit for other dependents Carmen Reyes 412-34-5672 Daughter L Maria Reyes 412-34-5673 Grandparent Gustavo Reyes 412-34-5674 Son 1 Wages, salaries, tips, etc. Attach Form(s) W-2 1 1 145,625 2a Tax-exempt interest 2a b Taxable interest. Attach Sch. Bif 2b 652 required 3a Qualified dividends b Ordinary dividends. Attach Sch. Bi 2,500 3b 2,500 required 4a IRA distributions Standard 4a ob Taxable amount 4b 0 Deduction for- . 4c Od Taxable amount 4d Single or Married Pensions and annuities 0 filing separately. 5a 5a Social security benefits ob Taxable amount 5b $12,200 0 - Married filing 6 Capital gain or loss). Altach Schedule D if required. If not required, check here 6 0 jointly or Qualifying 7a Other income from Schedule 1, line 9 7a 5,575 widow(er), $24,400 b Add lines 1, 2b, 3b, 4b, 40, 5b, 6, and 7a. This is your total income 7b 154,352 Head of household 8a Adjustments to income from Schedule 1, line 22 8a 0 $18,350 . If you checked b Subtract line 8a from line 7b. This is your adjusted gross income 8b 152,967 any box under Standard 9 Standard deduction or itemized deductions (from Schedule A) 9 47,097 Deduction, see instructions 10 Qualified business income deduction. Attach Form 8995 or Form 8995-A 10 11a Add lines 9 and 10 11a 47,097 b Taxable income. Subtract line 11a from line 8b 11b 105,870 For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11320B Form 1040 (2019) THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 2020 McGraw-Hill Education. 1040 PG 1 1040 PG 2 1040 (2019) Page 2 12b 2,000 13b 2,000 14 15 0 16 0 17 15,112 0 ou have a ying child, h Sch. EIC ou have axable wat pay, see ictions. 0 Jamie Reyes Cecilia Reyes 412-34-5670 12a Tax (see inst.) Check if any from Form(s): (1)8814 (2) 4972 (3) 12a 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, enter-O- 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 18 Other payments and refundable credits: a Eamed income credit (EIC) 18a b Additional child tax credit. Attach Schedule 8812 18b 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 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 > Routing number c Type: Checking Savings d Account number 22 Amount of line 20 you want applied to your 2020 estimated tax 22 23 Amount you owe. Subtract line 19 from line 16. For details on how to pay, see instructions 24 Estimated tax penalty (see instructions) 24 Do you want to allow another person (other than your paid preparer) to discuss this return with the IRS? See instructions. 0 0 18e 0 19 15,112 20 Fund 21a t deposit? Instructions > 23 ount Owe rd Party signee Yes. Complete below. No Phone Personal identification er than preparer) Designee's name no. number (PIN) Jamie Reyes Cecilia Reyes 412-34-5670 Parti Additional Income Taxable refunds, credits, or offsets of state and local income taxes 1 1 2,225 2a Alimony received 2a b 3 3 Date of original divorce or separation agreement (see instructions) Business income or (loss). Attach Schedule C Other gains or losses). Attach Form 4797 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 4 4 5 5 6 Farm income or loss). Attach Schedule F 6 7 7 8 8 Unemployment compensation Other income. List type and amount Gambling winnings Combine lines 1 through 8. Enter here and on Form 1040 or 1040-SR, line 7a Adjustments to Income Educator expenses 3,350 5,575 9 9 Part II 10 10 11 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 11 12 12 13 Health savings account deduction. Attach Form 8889 Moving expenses for members of the Armed Forces. Attach Form 3903 Deductible part of self-employment tax. Attach Schedule SE 13 14 14 15 15 16 16 Self-employed SEP, SIMPLE, and qualified plans Self-employed health insurance deduction Penalty on early withdrawal of savings Alimony paid 17 17 18a 18a b Recipient's SSN Date of original divorce or separation agreement (see instructions) 19 IRA deduction 19 20 Student loan interest deduction 20 21 Reserved for future use 21 22 Add lines 10 through 21. These are your adjustments to income. Enter here and on Form 1040 or 1040-SR, line 8a 22 0 (Form 1040 or 1040-SR) Go to www.irs.gov/Schedule A for instructions and the latest information. 2019 Department of the Treasury Attach to Form 1040 or 1040-SR. Caution: If you are claiming a net qualified disaster loss on Form 4684, see the instructions for line 16 Intemal Revenue Service (99) Attachment Sequence No. 07 Name(s) shown on Form 1040 or 1040-SR Your social security number 412-34-5670 Reyes Cecilia Reyes Caution: Do not include expenses reimbursed or paid by others. Jamie Medical and Dental Expenses 1 Medical and dental expenses (see instructions) 1 25,570 2 Enter amount from Form 1040 or 1040-SR, line 8b 2 3 Multiply line 2 by 7.5% (0.075) 3 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter-O- 4 25,570 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 5,435 b State and local real estate taxes (see instructions) 5b 5,025 1,614 5c 5d 12,074 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 10,000 6 7 10,000 7 Add lines 5e and 6 8 Home mortgage interest and points. If you didn't use all of your home Interest You mortgage loan(s) to buy, build, or improve your home, see instructions and check this box Paid a Home mortgage interest and points reported to you on Form 1098. See instructions if limited Caution: Your b Home mortgage interest not reported to you on Form 1098. See mortgage interest instructions if limited. If paid to the person from whom you bought the deduction may be home, see instructions and show that person's name, identifying no., and address 8 14,091 limitad AAA Caution: Your mortgage interest deduction may be limited (see instruction) Unul Muryaye ISL HIUL TOPUTeu w you un rol UO. SED instructions if limited. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address 8b 14,091 270 10 14,361 6,100 c Points not reported to you on Form 1098. See instructions for special 8c rules d Mortgage insurance premiums (see instructions) 8d e Add lines 8a through 8d 8e 9 Investment interest. Attach Form 4952 if required. See instructions 9 10 Add lines 8e and 9 Gifts to 11 Gifts by cash or check. If you made any gift of $250 or more, 11 instructions Charity 12 Other than by cash or check. If you made any gift of $250 or more, see instructions. You must attach Form 8283 if over $500 12 Caution: If you made a gift and got a benefit 13 Carryover from prior year 13 for it, see instructions. 14 Add lines 11 through 13 Casualty and 15 Casualty and theft loss(es) from a federally declared disaster (other than net qualified disaster losses). Theft Losses Attach Form 4684 and enter the amount from line 18 of that form. See instructions 14 6,100 15 Other 16 Otherfrom list in instructions. List type and amount Itemized Deductions 16 17 56,031 17 Add the amounts in the far right column for lines 4 through 16. Also, enter this amount on Form 1040 Total or 1040-SR, line 9 Itemized 18 If you elect Deductions itemize deductions even though they are less than your standard deduction, check this box For Paperwork Reduction Act Notice, see the Instructions for Forms 1040 and 1040-SR. Cat. No. 17145C Schedule A (Form 1040 or 1040-SR) 2019 Qualified Dividends and Capital Gain Tax Worksheet. *************************** OMB No. 1545-0074 2019 Attachment Sequence No. 07 Your social security number 412-34-5670 1 3 Qualified Dividends and Capital Gain Tax Worksheet-Line 12a See the earlier instructions for line 12a to see if you can use this worksheet to figure your tax. Before you begin: Before completing this worksheet, complete Form 1040 or 1040-SR through line 11b. If you don't have to file Schedule and you received capital gain distributions, be sure you checked the box on Form 1040 or 1040- SR, line 6. Name(s) shown on Form 1040 Jamie Reyes Cecilia Reyes 1 Enter the amount from Form 1040 or 1040-SR, line 11b. However, if you are filing Form 2555 (relating to foreign earned income), enter the amount from line 3 of the Foreign Earned Income Tax Worksheet 105,870 2 Enter the amount from Form 1040 or 1040-SR, line 3a* 2 2,500 3 Are you filing Schedule D?" Yes. Enter the smaller of line 15 or 16 of Schedule D. If either line 15 or 16 is blank or a loss, enter 0 -0- Enter the amount from Form 1040 or 1040-SR, No. line 6. 4 Add lines 2 and 3 2,500 5 If filing Form 4952 (used to figure investment interest expense deduction), enter any amount from line 4g of that form. Otherwise, enter-O- 51 0 6 Subtract line 5 from line 4. If zero or less, enter-O- 6 2,500 7 Subtract line 6 from line 1. If zero or less, enter-O- 103,370 8 Enter: $39,375 if single or married filing separately, $78,750 if married filing jointly or qualifying widow(er), $52,750 if head of household 78,750 9 Enter the smaller of line 1 or line 8 78,750 10 Enter the smaller of line 7 or line 9 10 78,750 11 Subtract line 10 from line 9. This amount is taxed at 0% 11 0 12 Enter the smaller of line 1 or line 6 12 2,500 4 7 8 9 7 103,370 7 Subtract line 6 from line 1. If zero or less, enter-O- 8 Enter: $39,375 if single or married filing separately, $78,750 if married filing jointly or qualifying widow(er), $52,750 if head of household. 9 Enter the smaller of line 1 or line 8 10 Enter the smaller of line 7 or line 9 8 9 78,750 78,750 10 78,750 0 11 Subtract line 10 from line 9. This amount is taxed at 0% 11 12 Enter the smaller of line 1 or line 6 12 2,500 13 Enter the amount from line 11 13 01 14 Subtract line 13 from line 12 14 2,500 15 Enter: $434,550 if single. 15 488,850 105,870 16 $244,425 if married filing separately, $488,850 if married filing jointly or qualifying widow(er), $461,700 if head of household. 16 Enter the smaller of line 1 or line 15 17 Add lines 7 and 11 18 Subtract line 17 from line 16. If zero or less, enter-O- 19 Enter the smaller of line 14 or line 18 20 Multiply line 19 by 15% (0.15) 21 Add lines 11 and 19 17 18 105,870 2,500 19 201 375 21 2,500 22 Subtract line 21 from line 12 22 0 23 0 24 23 Multiply line 22 by 20% (0.20) 24 Figure the tax on the amount on line 7. If the amount on line 7 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 7 is $100,000 or more, use the Tax Computation Worksheet 25 Add lines 20, 23, and 24 26 Figure the tax on the amount on line 1. If the amount on line 1 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 1 is $100,000 or more, use the Tax Computation Worksheet 27 Tax on all taxable income. Enter the smaller of line 25 or 26. Also include this amount on the entry space on Form 1040 or 1040-SR, line 12a. 17,369 17,744 25 26 you are $461,700 if head of household. 15 488,850 16 Enter the smaller of line 1 or line 15 16 105,870 17 Add lines 7 and 11 17 18 Subtract line 17 from line 16. If zero or less, enter -0- 18 105,870 19 Enter the smaller of line 14 or line 18 19 2,500 20 Multiply line 19 by 15% (0.15) 20 375 21 Add lines 11 and 19 21 2,500 22 Subtract line 21 from line 12 22 0 23 Multiply line 22 by 20% (0.20) 23 0 24 Figure the tax on the amount on line 7. If the amount on line 7 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 7 is $100,000 or more, use the Tax Computation Worksheet 24 17,369 17,744 25 Add lines 20, 23, and 24 25 26 Figure the tax on the amount on line 1. If the amount on line 1 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 1 is $100,000 or more, use the Tax Computation Worksheet 27 Tax on all taxable income. Enter the smaller of line 25 or 26. Also include this amount on the entry space on Form 1040 or 1040-SR, line 12a. If you are 26 filing Form 2555, don't enter this amount on the entry space on Form 1040 or 1040-SR, line 12a. Instead, enter it on line 4 of the Foreign Earned Income Tax Worksheet 27 * If you are filing Form 2555, see the footnote in the Foreign Earned Income Tax Worksheet before completing this line. For Paperwork Reduction Act Notice, see Form 1040 instructions. 2019 Interest and Ordinary Dividends OMB No. 1545-0074 SCHEDULE B (Form 1040 or 1040-SR) Department of the Treasury 2019 Go to www.irs.gov/ScheduleB for instructions and the latest information. Attachment Sequence No. 08 Your social security number 412-34-5670 Amount Internal Revenue Service (99) Attach to Form 1040 or 1040-SR. Name(s) shown on retum Jamie Reyes Cecilia Reyes Part 1 1 List name of payer. If any interest is from a seller-financed mortgage and the buyer used the property as a personal Interest residence, see instructions and list this interest first. Also, show that buyer's social security number and address Union Bank (See instructions and State of Idaho the instructions for Forms 1040 and U.S. Savings Bonds 1040-SR, line 2b.) 220 22 410 1 Note: If you received a Form 1099-INT, Form 1099-OID, or substitute statement from a brokerage firm, list the firm's name as the payer and enter the total interest shown on that form. 652 2 3 2 Add the amounts on line 1 3 Excludable interest on series EE and I U.S. savings bonds issued after 1989. Attach Form 8815 4 Subtract line 3 from line 2. Enter the result here and on Form 1040 or 1040-SR, line 2b Note: If line 4 is over $1,500, you must complete Part III. 5 List name of payer Dividends 4 652 Amount 2,500 25 Part II Ordinary Dividends (See instructions and the instructions for Forms 1040 and 1040-SR, line 3b.) that form 652 2 3 2 Add the amounts on line 1 3 Excludable interest on series EE and I U.S. savings bonds issued after 1989. Attach Form 8815 4 Subtract line 3 from line 2. Enter the result here and on Form 1040 or 1040-SR, line 25 Note: If line 4 is over $1,500, you must complete Part III. 5 List name of payer Dividends 4 652 Amount 2,500 25 Part 11 Ordinary Dividends (See instructions and the instructions for Forms 1040 and 1040-SR, line 3b.) 5 Note: If you received a Form 1099-DIV or substitute statement from a brokerage firm, list the firm's name as the payer and enter the ordinary dividends shown on that form. 6 Add the amounts on line 5. Enter the total here and on Form 1040 or 1040-SR, line 3b 6 2,500 Yes No Note: If line 6 is over $1,500, you must complete Part III. Part III You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends; (b) had a foreign account: Foreign or (c) received a distribution from, or were a grantor of, or a transferorto, a foreign trust. Accounts and 7a At any time during 2019, did you have a financial interest in or signature authority over a financial account (such as a Trusts bank account, securities account, or brokerage account) located in a foreign country? See instructions If "Yes," are you required to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), to report that Caution: If required, financial interest or signature authority? See Finen Form 114 and its instructions for filing requirements and exceptions to failure to file FinCEN those requirements Form 114 may result b If you are required to file FinCEN Form 114, enter the name of the foreign country where the financial account is located in substantial penalties. See instructions 8 During 2019, did you receive a distribution from, or were you the grantor of, or transferor to, a foreign trust? If "Yes," you may have to file Form 3520. See instructions. Jamie and Cecilia Reyes are husband and wife and file a joint return. They live at 5677 Apple Cove Road, Boise, ID 83722. Jamie's social security number is 412-34-5670 (date of birth 6/15/1970) and Cecilia's is 412-34-5671 (date of birth 4/12/1972). They provide more than half of the support of their daughter, Carmen (age 23), social security number 412-34-5672 (date of birth 9/1/1996), who is a full- time veterinarian school student. Carmen received a $3,200 scholarship covering some of her tuition at college. She was not required to perform any services to receive the scholarship. Jamie and Cecilia furnish all of the support of Maria (Jamie's grandmother), social security number 412-34-5673 (date of birth 11/6/1949), who is age 70 and lives in a nursing home. They also have a son, Gustavo (age 4), social security number 412-34-5674 (date of birth 3/14/2015). Jamie's W-2 contained the following information: Federal Wages (box 1) = $145,625.00 Federal w/H (box 2) = $ 15, 112.35 Social Security wages (box 3) = $128,400.00 Social Security W/H (box 4) = $ 7,960.80 Medicare Wages (box 5) = $145,625.00 Medicare W/H (box 6) = $ 2,111.56 State Wages (box 16) = $145,625.00 State W/H (box 17) = $ 5,435.00 Other receipts for the couple were as follows: $2,500 Dividends (all qualified dividends) Interest income: Union Bank State of Idaho-interest on tax refund City of Boise school bonds Interest from U.S. savings bonds (not used for educational purposes) 2018 federal income tax refund received in 2019 2018 state income tax refund received in 2019 Idaho lottery winnings Casino slot machine winnings Gambling losses at casino $ 220 22 1,250 410 2,007 218 1,100 2,250 6,500 Other information that the Reyeses provided for the 2019 tax year: Other information that the Reyeses provided for the 2019 tax year: Mortgage interest on personal residence Loan interest on fully equipped motor home Doctor's fee for a face-lift for Mrs. Reyes Dentist's fee for a new dental bridge for Mr. Reyes Vitamins for the entire family Real estate property taxes paid DMV fees on motor home (tax portion) DMV fees on family autos (tax portion) Doctors' bills for grandmother Nursing home for grandmother Wheelchair for grandmother Property taxes on boat Interest on personal credit card Interest on loan to buy public school district bonds Cash contributions to church (all the contributions were in cash and none more than $250 at any one time) Cash contribution to man at bottom of freeway off-ramp Contribution of furniture to Goodwill-cost basis Contribution of same furniture listed above to Goodwill-fair market value Tax return preparation fee for 2018 taxes $11,081 3,010 8,800 3,500 110 5,025 1,044 436 2,960 10, 200 1,030 134 550 270 6,100 25 4,000 410 625 Required: Prepare a Form 1040 and appropriate schedules for the completion of the Reyes's tax return. They do not want to contribute to the presidential election campaign and do not want anyone to be a third-party designee. For any missing information, make reasonable assumptions. (List the names of the taxpayers and any income they receive in the order in which they appear in the problem. Enter the required information in the Dependents section in a chronological order of "Dependent's social security number". Input all the values as positive numbers unless otherwise stated in the forms. Instructions can be found on certain cells within the forms. Round your final answers to the nearest whole dollar amount. Do not skip rows while entering in Deductions section of Form 1040 PG1 and in Interest section of Schedule B.) Use the appropriate Tax Tables and Tax Rate Schedules. 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 born before January 2, 1955 Are blind Spouse: Was born before January 2, 1955 Is blind Dependents (see instructions): (2) Social security number (3) Relationship to you (4) if qualifies for (see instructions): (1) First name Last name (Enter as xxx-XX-XXXX) Child tax credit Credit for other dependents Carmen Reyes 412-34-5672 Daughter L Maria Reyes 412-34-5673 Grandparent Gustavo Reyes 412-34-5674 Son 1 Wages, salaries, tips, etc. Attach Form(s) W-2 1 1 145,625 2a Tax-exempt interest 2a b Taxable interest. Attach Sch. Bif 2b 652 required 3a Qualified dividends b Ordinary dividends. Attach Sch. Bi 2,500 3b 2,500 required 4a IRA distributions Standard 4a ob Taxable amount 4b 0 Deduction for- . 4c Od Taxable amount 4d Single or Married Pensions and annuities 0 filing separately. 5a 5a Social security benefits ob Taxable amount 5b $12,200 0 - Married filing 6 Capital gain or loss). Altach Schedule D if required. If not required, check here 6 0 jointly or Qualifying 7a Other income from Schedule 1, line 9 7a 5,575 widow(er), $24,400 b Add lines 1, 2b, 3b, 4b, 40, 5b, 6, and 7a. This is your total income 7b 154,352 Head of household 8a Adjustments to income from Schedule 1, line 22 8a 0 $18,350 . If you checked b Subtract line 8a from line 7b. This is your adjusted gross income 8b 152,967 any box under Standard 9 Standard deduction or itemized deductions (from Schedule A) 9 47,097 Deduction, see instructions 10 Qualified business income deduction. Attach Form 8995 or Form 8995-A 10 11a Add lines 9 and 10 11a 47,097 b Taxable income. Subtract line 11a from line 8b 11b 105,870 For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11320B Form 1040 (2019) THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 2020 McGraw-Hill Education. 1040 PG 1 1040 PG 2 1040 (2019) Page 2 12b 2,000 13b 2,000 14 15 0 16 0 17 15,112 0 ou have a ying child, h Sch. EIC ou have axable wat pay, see ictions. 0 Jamie Reyes Cecilia Reyes 412-34-5670 12a Tax (see inst.) Check if any from Form(s): (1)8814 (2) 4972 (3) 12a 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, enter-O- 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 18 Other payments and refundable credits: a Eamed income credit (EIC) 18a b Additional child tax credit. Attach Schedule 8812 18b 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 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 > Routing number c Type: Checking Savings d Account number 22 Amount of line 20 you want applied to your 2020 estimated tax 22 23 Amount you owe. Subtract line 19 from line 16. For details on how to pay, see instructions 24 Estimated tax penalty (see instructions) 24 Do you want to allow another person (other than your paid preparer) to discuss this return with the IRS? See instructions. 0 0 18e 0 19 15,112 20 Fund 21a t deposit? Instructions > 23 ount Owe rd Party signee Yes. Complete below. No Phone Personal identification er than preparer) Designee's name no. number (PIN) Jamie Reyes Cecilia Reyes 412-34-5670 Parti Additional Income Taxable refunds, credits, or offsets of state and local income taxes 1 1 2,225 2a Alimony received 2a b 3 3 Date of original divorce or separation agreement (see instructions) Business income or (loss). Attach Schedule C Other gains or losses). Attach Form 4797 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 4 4 5 5 6 Farm income or loss). Attach Schedule F 6 7 7 8 8 Unemployment compensation Other income. List type and amount Gambling winnings Combine lines 1 through 8. Enter here and on Form 1040 or 1040-SR, line 7a Adjustments to Income Educator expenses 3,350 5,575 9 9 Part II 10 10 11 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 11 12 12 13 Health savings account deduction. Attach Form 8889 Moving expenses for members of the Armed Forces. Attach Form 3903 Deductible part of self-employment tax. Attach Schedule SE 13 14 14 15 15 16 16 Self-employed SEP, SIMPLE, and qualified plans Self-employed health insurance deduction Penalty on early withdrawal of savings Alimony paid 17 17 18a 18a b Recipient's SSN Date of original divorce or separation agreement (see instructions) 19 IRA deduction 19 20 Student loan interest deduction 20 21 Reserved for future use 21 22 Add lines 10 through 21. These are your adjustments to income. Enter here and on Form 1040 or 1040-SR, line 8a 22 0 (Form 1040 or 1040-SR) Go to www.irs.gov/Schedule A for instructions and the latest information. 2019 Department of the Treasury Attach to Form 1040 or 1040-SR. Caution: If you are claiming a net qualified disaster loss on Form 4684, see the instructions for line 16 Intemal Revenue Service (99) Attachment Sequence No. 07 Name(s) shown on Form 1040 or 1040-SR Your social security number 412-34-5670 Reyes Cecilia Reyes Caution: Do not include expenses reimbursed or paid by others. Jamie Medical and Dental Expenses 1 Medical and dental expenses (see instructions) 1 25,570 2 Enter amount from Form 1040 or 1040-SR, line 8b 2 3 Multiply line 2 by 7.5% (0.075) 3 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter-O- 4 25,570 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 5,435 b State and local real estate taxes (see instructions) 5b 5,025 1,614 5c 5d 12,074 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 10,000 6 7 10,000 7 Add lines 5e and 6 8 Home mortgage interest and points. If you didn't use all of your home Interest You mortgage loan(s) to buy, build, or improve your home, see instructions and check this box Paid a Home mortgage interest and points reported to you on Form 1098. See instructions if limited Caution: Your b Home mortgage interest not reported to you on Form 1098. See mortgage interest instructions if limited. If paid to the person from whom you bought the deduction may be home, see instructions and show that person's name, identifying no., and address 8 14,091 limitad AAA Caution: Your mortgage interest deduction may be limited (see instruction) Unul Muryaye ISL HIUL TOPUTeu w you un rol UO. SED instructions if limited. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address 8b 14,091 270 10 14,361 6,100 c Points not reported to you on Form 1098. See instructions for special 8c rules d Mortgage insurance premiums (see instructions) 8d e Add lines 8a through 8d 8e 9 Investment interest. Attach Form 4952 if required. See instructions 9 10 Add lines 8e and 9 Gifts to 11 Gifts by cash or check. If you made any gift of $250 or more, 11 instructions Charity 12 Other than by cash or check. If you made any gift of $250 or more, see instructions. You must attach Form 8283 if over $500 12 Caution: If you made a gift and got a benefit 13 Carryover from prior year 13 for it, see instructions. 14 Add lines 11 through 13 Casualty and 15 Casualty and theft loss(es) from a federally declared disaster (other than net qualified disaster losses). Theft Losses Attach Form 4684 and enter the amount from line 18 of that form. See instructions 14 6,100 15 Other 16 Otherfrom list in instructions. List type and amount Itemized Deductions 16 17 56,031 17 Add the amounts in the far right column for lines 4 through 16. Also, enter this amount on Form 1040 Total or 1040-SR, line 9 Itemized 18 If you elect Deductions itemize deductions even though they are less than your standard deduction, check this box For Paperwork Reduction Act Notice, see the Instructions for Forms 1040 and 1040-SR. Cat. No. 17145C Schedule A (Form 1040 or 1040-SR) 2019 Qualified Dividends and Capital Gain Tax Worksheet. *************************** OMB No. 1545-0074 2019 Attachment Sequence No. 07 Your social security number 412-34-5670 1 3 Qualified Dividends and Capital Gain Tax Worksheet-Line 12a See the earlier instructions for line 12a to see if you can use this worksheet to figure your tax. Before you begin: Before completing this worksheet, complete Form 1040 or 1040-SR through line 11b. If you don't have to file Schedule and you received capital gain distributions, be sure you checked the box on Form 1040 or 1040- SR, line 6. Name(s) shown on Form 1040 Jamie Reyes Cecilia Reyes 1 Enter the amount from Form 1040 or 1040-SR, line 11b. However, if you are filing Form 2555 (relating to foreign earned income), enter the amount from line 3 of the Foreign Earned Income Tax Worksheet 105,870 2 Enter the amount from Form 1040 or 1040-SR, line 3a* 2 2,500 3 Are you filing Schedule D?" Yes. Enter the smaller of line 15 or 16 of Schedule D. If either line 15 or 16 is blank or a loss, enter 0 -0- Enter the amount from Form 1040 or 1040-SR, No. line 6. 4 Add lines 2 and 3 2,500 5 If filing Form 4952 (used to figure investment interest expense deduction), enter any amount from line 4g of that form. Otherwise, enter-O- 51 0 6 Subtract line 5 from line 4. If zero or less, enter-O- 6 2,500 7 Subtract line 6 from line 1. If zero or less, enter-O- 103,370 8 Enter: $39,375 if single or married filing separately, $78,750 if married filing jointly or qualifying widow(er), $52,750 if head of household 78,750 9 Enter the smaller of line 1 or line 8 78,750 10 Enter the smaller of line 7 or line 9 10 78,750 11 Subtract line 10 from line 9. This amount is taxed at 0% 11 0 12 Enter the smaller of line 1 or line 6 12 2,500 4 7 8 9 7 103,370 7 Subtract line 6 from line 1. If zero or less, enter-O- 8 Enter: $39,375 if single or married filing separately, $78,750 if married filing jointly or qualifying widow(er), $52,750 if head of household. 9 Enter the smaller of line 1 or line 8 10 Enter the smaller of line 7 or line 9 8 9 78,750 78,750 10 78,750 0 11 Subtract line 10 from line 9. This amount is taxed at 0% 11 12 Enter the smaller of line 1 or line 6 12 2,500 13 Enter the amount from line 11 13 01 14 Subtract line 13 from line 12 14 2,500 15 Enter: $434,550 if single. 15 488,850 105,870 16 $244,425 if married filing separately, $488,850 if married filing jointly or qualifying widow(er), $461,700 if head of household. 16 Enter the smaller of line 1 or line 15 17 Add lines 7 and 11 18 Subtract line 17 from line 16. If zero or less, enter-O- 19 Enter the smaller of line 14 or line 18 20 Multiply line 19 by 15% (0.15) 21 Add lines 11 and 19 17 18 105,870 2,500 19 201 375 21 2,500 22 Subtract line 21 from line 12 22 0 23 0 24 23 Multiply line 22 by 20% (0.20) 24 Figure the tax on the amount on line 7. If the amount on line 7 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 7 is $100,000 or more, use the Tax Computation Worksheet 25 Add lines 20, 23, and 24 26 Figure the tax on the amount on line 1. If the amount on line 1 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 1 is $100,000 or more, use the Tax Computation Worksheet 27 Tax on all taxable income. Enter the smaller of line 25 or 26. Also include this amount on the entry space on Form 1040 or 1040-SR, line 12a. 17,369 17,744 25 26 you are $461,700 if head of household. 15 488,850 16 Enter the smaller of line 1 or line 15 16 105,870 17 Add lines 7 and 11 17 18 Subtract line 17 from line 16. If zero or less, enter -0- 18 105,870 19 Enter the smaller of line 14 or line 18 19 2,500 20 Multiply line 19 by 15% (0.15) 20 375 21 Add lines 11 and 19 21 2,500 22 Subtract line 21 from line 12 22 0 23 Multiply line 22 by 20% (0.20) 23 0 24 Figure the tax on the amount on line 7. If the amount on line 7 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 7 is $100,000 or more, use the Tax Computation Worksheet 24 17,369 17,744 25 Add lines 20, 23, and 24 25 26 Figure the tax on the amount on line 1. If the amount on line 1 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 1 is $100,000 or more, use the Tax Computation Worksheet 27 Tax on all taxable income. Enter the smaller of line 25 or 26. Also include this amount on the entry space on Form 1040 or 1040-SR, line 12a. If you are 26 filing Form 2555, don't enter this amount on the entry space on Form 1040 or 1040-SR, line 12a. Instead, enter it on line 4 of the Foreign Earned Income Tax Worksheet 27 * If you are filing Form 2555, see the footnote in the Foreign Earned Income Tax Worksheet before completing this line. For Paperwork Reduction Act Notice, see Form 1040 instructions. 2019 Interest and Ordinary Dividends OMB No. 1545-0074 SCHEDULE B (Form 1040 or 1040-SR) Department of the Treasury 2019 Go to www.irs.gov/ScheduleB for instructions and the latest information. Attachment Sequence No. 08 Your social security number 412-34-5670 Amount Internal Revenue Service (99) Attach to Form 1040 or 1040-SR. Name(s) shown on retum Jamie Reyes Cecilia Reyes Part 1 1 List name of payer. If any interest is from a seller-financed mortgage and the buyer used the property as a personal Interest residence, see instructions and list this interest first. Also, show that buyer's social security number and address Union Bank (See instructions and State of Idaho the instructions for Forms 1040 and U.S. Savings Bonds 1040-SR, line 2b.) 220 22 410 1 Note: If you received a Form 1099-INT, Form 1099-OID, or substitute statement from a brokerage firm, list the firm's name as the payer and enter the total interest shown on that form. 652 2 3 2 Add the amounts on line 1 3 Excludable interest on series EE and I U.S. savings bonds issued after 1989. Attach Form 8815 4 Subtract line 3 from line 2. Enter the result here and on Form 1040 or 1040-SR, line 2b Note: If line 4 is over $1,500, you must complete Part III. 5 List name of payer Dividends 4 652 Amount 2,500 25 Part II Ordinary Dividends (See instructions and the instructions for Forms 1040 and 1040-SR, line 3b.) that form 652 2 3 2 Add the amounts on line 1 3 Excludable interest on series EE and I U.S. savings bonds issued after 1989. Attach Form 8815 4 Subtract line 3 from line 2. Enter the result here and on Form 1040 or 1040-SR, line 25 Note: If line 4 is over $1,500, you must complete Part III. 5 List name of payer Dividends 4 652 Amount 2,500 25 Part 11 Ordinary Dividends (See instructions and the instructions for Forms 1040 and 1040-SR, line 3b.) 5 Note: If you received a Form 1099-DIV or substitute statement from a brokerage firm, list the firm's name as the payer and enter the ordinary dividends shown on that form. 6 Add the amounts on line 5. Enter the total here and on Form 1040 or 1040-SR, line 3b 6 2,500 Yes No Note: If line 6 is over $1,500, you must complete Part III. Part III You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends; (b) had a foreign account: Foreign or (c) received a distribution from, or were a grantor of, or a transferorto, a foreign trust. Accounts and 7a At any time during 2019, did you have a financial interest in or signature authority over a financial account (such as a Trusts bank account, securities account, or brokerage account) located in a foreign country? See instructions If "Yes," are you required to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), to report that Caution: If required, financial interest or signature authority? See Finen Form 114 and its instructions for filing requirements and exceptions to failure to file FinCEN those requirements Form 114 may result b If you are required to file FinCEN Form 114, enter the name of the foreign country where the financial account is located in substantial penalties. See instructions 8 During 2019, did you receive a distribution from, or were you the grantor of, or transferor to, a foreign trust? If "Yes," you may have to file Form 3520. See instructions