Janice Morgan, age 24 , is single and has no dependents. She is a freelance writer, in January 2020 , Janice opened her own office located at 2751 Woldham Road, Pleasant Hill, NM 88135. She called her business Writers Anonymous. Janice is a cash basis taxpayer. She lives at 137 Stone Avenue, Pleasant Hill, NM 88135. Her Social Security number is 123-45-6782. Janice's parents continue to provide health insurancel for her under their policy. Janice did not engage in any virtual currency transactions during the year and wants to contribute to the Presidential Election Campaign Fund. Janice received the appropriate coronavirus recovery rebates (economic impact payments); relaty questions in ProConnect Tax should be ignored. During 2020, Janice reported the following income and expense items connected with her business. Janice purchased and placed in service the following fixed assets for her business. Janice wants to elect immediate expensing under 5 179, if possible. - Furniture and fixtures (new) costing $21,000 on January 10 - Computer equipment (new) costing $12,400 on July 28 Janice did not keep a record of the sales tax she paid. The amount allowed by the sales tax table is $437. Janice reports interest income of $4,000 on certificates of deposit at Second National Bank. She made estimated tax paymeg { of $5,000 for 2020. SCHEDULE B (Form 1040) Interest and Ordinary Dividends Department of the Treasury Internal Revenue Service (99) Name(s) shown on return Janice Morgan Part I (See instructions and the instructions for Forms 1040 and 10405R, line 2b.) Notez if you recelved s form 1099-iNT, Foum 1099-01D, or substitute statemeng- from a hrnkecane Part I 1. List name of payer. If any interest is from a seller-financed mortgage and the buyer used the property as a personal residence, see the instructions and list this interest Interest first. Also, show that buyer's social security number and address (See instructions and the instructions for Forms 1040 and 1040-SR, line 2b.) Note: if you recelved a Form 1099-INT, Form 1099010, or substitute statement from a brokerage firm, list the firm's Name as the payer 5econd National Bank and enieg the total 2 Add the amounts on line 1 interest shown on 3 Excludable interest on series EE and I U.S. savings bonds issued after 1989. Atto E 2 that form. 4 Subtract line 3 from line 2. Enter the result here and on Form 1040 or 10gER. Note: If line 4 is over $1,500, you must complete Part III. Janice Morgan, age 24 , is single and has no dependents. She is a freelance writer, in January 2020 , Janice opened her own office located at 2751 Woldham Road, Pleasant Hill, NM 88135. She called her business Writers Anonymous. Janice is a cash basis taxpayer. She lives at 137 Stone Avenue, Pleasant Hill, NM 88135. Her Social Security number is 123-45-6782. Janice's parents continue to provide health insurancel for her under their policy. Janice did not engage in any virtual currency transactions during the year and wants to contribute to the Presidential Election Campaign Fund. Janice received the appropriate coronavirus recovery rebates (economic impact payments); relaty questions in ProConnect Tax should be ignored. During 2020, Janice reported the following income and expense items connected with her business. Janice purchased and placed in service the following fixed assets for her business. Janice wants to elect immediate expensing under 5 179, if possible. - Furniture and fixtures (new) costing $21,000 on January 10 - Computer equipment (new) costing $12,400 on July 28 Janice did not keep a record of the sales tax she paid. The amount allowed by the sales tax table is $437. Janice reports interest income of $4,000 on certificates of deposit at Second National Bank. She made estimated tax paymeg { of $5,000 for 2020. SCHEDULE B (Form 1040) Interest and Ordinary Dividends Department of the Treasury Internal Revenue Service (99) Name(s) shown on return Janice Morgan Part I (See instructions and the instructions for Forms 1040 and 10405R, line 2b.) Notez if you recelved s form 1099-iNT, Foum 1099-01D, or substitute statemeng- from a hrnkecane Part I 1. List name of payer. If any interest is from a seller-financed mortgage and the buyer used the property as a personal residence, see the instructions and list this interest Interest first. Also, show that buyer's social security number and address (See instructions and the instructions for Forms 1040 and 1040-SR, line 2b.) Note: if you recelved a Form 1099-INT, Form 1099010, or substitute statement from a brokerage firm, list the firm's Name as the payer 5econd National Bank and enieg the total 2 Add the amounts on line 1 interest shown on 3 Excludable interest on series EE and I U.S. savings bonds issued after 1989. Atto E 2 that form. 4 Subtract line 3 from line 2. Enter the result here and on Form 1040 or 10gER. Note: If line 4 is over $1,500, you must complete Part
