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John Fuji (birthdate June 6, 1981) received the following Form W-2 from his employer related to his job as a manager at a Washington apple-processing

John Fuji (birthdate June 6, 1981) received the following Form W-2 from his employer related to his job as a manager at a Washington apple-processing plant are reported on his W-2 form (see separate tab).

John's other income includes interest on a Certificate of Deposit reported on a Form 1099-INT (see separate tab).

Also, in accordance with the January 2016 divorce decree he paid $500 per month alimony to his ex-wife (Dora Fuji, Social Security number 573-79-6075) in 2020.

John received a Form 1098 that reports his mortgage interest and property taxes (see separate tab).

John tried his hand at day trading for one week in February 2020. He received a substitute Form 1099-B from his broker. Because the IRS was provided the acquisition date and basis for all trades and none required any adjustments or codes, these can be entered as a summary entry into Schedule D and no Form 8949 needs to be prepared.

During 2020, John paid the following amounts (all of which can be substantiated):

Auto loan interest 1,575
Credit card interest 655
State sales tax (actual exceeds estimated) 1,780
Doctor bills 4,000
Other deductible medical expenses 1,800
Income tax preparation fee 500
Job-hunting expenses 925
Cash charitable donation to the Jonagold Research Center 400

John's employer offers a retirement plan, but John does not participate. Instead, he made a $4,000 contribution to a Roth IRA.

John received a $1,200 EIP in 2020.

Required: Complete John's Form 1040 and Schedule 1, Schedule A, and Schedule D.

  • Make realistic assumptions about any missing data.
  • John has health coverage for the entire year and he does not want to make a contribution to the presidential election campaign.
  • Enter all amounts as positive numbers.
  • If an amount box does not require an entry or the answer is zero, enter "0".
  • If required round any dollar amount to the nearest dollar.

W-2 Information:

a. Employee's social security number 571-78-5974

b. Employer identification number (EIN) 34-7654321

c. Employer's name, address, and ZIP code Granny Smith Apple Co., 200 Ahtanum Road Yakima, WA 98903

e. Employee's first name and initial, Last name, suffix John Fuji 468 Bonnie Doon Avenue Yakima, WA 98902

1. Wages, tips, other compensation 75,000.00 2. Federal income tax withheld 9,700.00 3. Social security wages 75,000.00

4. Social security tax withheld 4,650.00 5. Medicare wages and tips 75,000.00 6. Medicare tax withheld 1,087.50

1099-INT Information:

PAYER'S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone no Braeburn National Bank 1600 W. Nob Hill Rd. Yakima, WA 98902

Payer's Tin Receipient's Tin

54-9019016 571-78-5974

RECIPIENT'S name John Fuji Street address (including apt. no.) 468 Bonnie Doon Ave City or town, state or province, country, and ZIP or foreign postal code Yakima, WA 98902

1. Interest Income $984.55

4. Federal Income Tax withheld $0.00

Form 1098 information:

RECIPIENT'S/LENDER'S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone no. Braeburn National Bank 1600 W. Nob Hill Blvd. Yakima, WA 98902

RECIPIENT'S/LENDER'S TIN 54-9019016 PAYER'S/BORROWER'S TIN 571-78-5974

PAYER'S/BORROWER'S name John Fuji Street address (including apt. no.) 468 Bonnie Doon Avenue

City or town, state or province, country, and ZIP or foreign postal code Yakima, WA 98902

Number of properties securing the mortgage 1

Other Prop. Taxes $2,000.00

1 Mortgage interest received from payer(s)/borrower(s)* $ 7,803.22

2 Outstanding mortgage principal $256,341.99

3 Mortgage origination date 10/1/2017

File for YEAR 2020!!!

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