Note: This problem is for the 2020 tax year.

Logan B. Taylor is a widower whose wife, Sara, died on June 6, 2018. He lives at 4680 Dogwood Lane, Springfield, MO 65801. He is employed as a paralegal by a local law firm. During 2020, he had the following receipts:

Salary				$ 80,000
Interest income
Money market account at Omni Bank		$300
Savings account at Boone State Bank		1,100
City of Springfield general purpose bonds		3,000		4,400
Inheritance from Daniel				60,000
Life insurance proceeds				200,000
Amount from sale of St. Louis lot				80,000
Proceeds from estate sale				9,000
Federal income tax refund (for 2019 tax overpayment)				700

Logan inherited securities worth $60,000 from his uncle, Daniel, who died in 2020. Logan also was the designated beneficiary of an insurance policy on Daniel's life with a maturity value of $200,000. The lot in St. Louis was purchased on May 2, 2015, for $85,000 and held as an investment. Because the neighborhood has deteriorated, Logan decided to cut his losses and sold the lot on January 5, 2020, for $80,000. The estate sale consisted largely of items belonging to Sara and Daniel (e.g., camper, boat, furniture, and fishing and hunting equipment). Logan estimates that the property sold originally cost at least twice the $9,000 he received and has declined or stayed the same in value since Sara and Daniel died.

Logan's expenditures for 2020 include the following:

Medical expenses (including $10,500 for dental)				$13,500
Taxes
State of Missouri income tax (includes withholdings during 2020)		$4,200
Property taxes on personal residence		4,500		8,700
Interest on home mortgage (Boone State Bank)				5,600
Contribution to church (paid pledges for 2020 and 2021)				4,800

While Logan and his dependents are covered by his employer's health insurance policy, he is subject to a deductible, and dental care is not included. The $10,500 dental charge was for Helen's implants. Helen is Logan's widowed mother, who lives with him (see below). Logan normally pledges $2,400 ($200 per month) each year to his church. On December 5, 2020, upon the advice of his pastor, he prepaid his pledge for 2021.

Logan's household, all of whom he supports, includes the following:

	Social Security Number	Birth Date
Logan Taylor (age 48)	123-45-6787	08/30/1972
Helen Taylor (age 70)	123-45-6780	01/13/1950
Asher Taylor (age 23)	123-45-6783	07/18/1997
Mia Taylor (age 22)	123-45-6784	02/16/1998

Helen receives a modest Social Security benefit. Asher, a son, is a full-time student in dental school and earns $4,500 as a part-time dental assistant. Mia, a daughter, does not work and is engaged to be married.

Federal income tax of $4,200 was withheld from his wages.

Required:

Compute Logan's income tax for 2020. If Logan has any overpayment on his income tax, he wants the refund sent to him. Assume that the proper amounts of Social Security and Medicare taxes were withheld. Logan received the appropriate coronavirus recovery rebates (economic impact payments); related questions in ProConnect Tax should be ignored. Logan does not own and did not use any virtual currency during the year, and he does not want to contribute to the Presidential Election Campaign Fund

Form 1040 1 Wages, salaries, tips, etc. Attach Form(s) W-2.. 1 80,000 Attach 2a Tax-exempt interest .. 2a 1,400 b Taxable interest . 2b Sch. B if required. 3a Qualified dividends . 3a b Ordinary dividends 3b 4a IRA distributions .. 4a b Taxable amount .. 4b 5a Pensions and annuities 5a b Taxable amount . 5b Standard 6a Social security benefits 6a b Taxable amount .. 6b 7 Capital gain or (loss). Attach Schedule D if required. If not required, check here 7 3,000 8 Other income from Schedule 1, line 9 8 9 Add lines 1, 2b, 36, 4b, 5b, 6b, 7, and 8. This is your total income 9 . Deduction for- Single or Married filing separately, $12,400 Married filing jointly or Qualifying widow(er), $24,800 Head of household. 10 Adjustments to income: a From Schedule 1, line 22 10a b Charitable contributions if you take the standard deduction. See instructions 10b c Add lines 10a and 10b. These are your total adjustments to income . 100 Form 1040 nousenola, $18,650 If you checked any box under Standard Deduction, see instructions. 11 Subtract line 10c from line 9. This is your adjusted gross income 11 79,100 12 Standard deduction or itemized deductions (from Schedule A) 12 13 Qualified business income deduction. Attach Form 8995 or Form 8995-A .... 13 14 Add lines 12 and 13. 14 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter -0- 15 46,333 BAA For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Form 1040 (2020) Form 1040 (2020) Logan B. Taylor 123-45-6787 Page 2 16 Tax (see instructions). Check if any from Form(s): 1 0 8814 2 0 4972 30 16 17 Amount from Schedule 2, line 3 17 18 Add lines 16 and 17 18 Form 1040 19 Child tax credit or credit for other dependents . 19 1,500 20 Amount from Schedule 3, line 7. 20 21 Add lines 19 and 20.. 21 22 Subtract line 21 from line 18. If zero or less, enter -0- 22 23 Other taxes, including self-employment tax, from Schedule 2, line 10 23 24 Add lines 22 and 23. This is your total tax 24 25 Federal income tax withheld from: Form(s) W-2. a 25a b Form(s) 1099. 25b c Other forms (see instructions). 25c d Add lines 25a through 25c . 25d 26 2020 estimated tax payments and amount applied from 2019 return 26 If you have a qualifying child, Form 1040 27 . If you have nontaxable combat pay, see 28 instructions. Additional child tax credit. Attach Schedule 8812 .. 28 American opportunity credit from Form 8863, line 8.. 29 29 Recovery rebate credit. See instructions .. 30 30 Amount from Schedule 3, line 13. 31 31 32 Add lines 27 through 31. These are your total other payments and refundable credits 32 33 Add lines 25d, 26, and 32. These are your total payments 33 34 Refund If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid . 34 35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here 35a Direct deposit? b Routing number c Type: Checking Savings Form 1040 See instructions. d Account number 36 Amount of line 34 you want applied to your 2021 estimated tax 36 Amount 37 Subtract line 33 from line 24. This is the amount you owe now 37 You Owe Note: Schedule H and Schedule SE filers, line 37 may not represent all of the taxes you owe for 2020. See Schedule 3, line 12e, and its instructions for details. For details on how to pay, see instructions. 38 Estimated tax penalty (see instructions).. 38 Third Party Do you want to allow another person to discuss this return with the IRS? See instructions Yes. Complete below. | No Designee Designee's Phone Personal identification name no. number (PIN) Sign Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than Form 1040 1 Wages, salaries, tips, etc. Attach Form(s) W-2.. 1 80,000 Attach 2a Tax-exempt interest .. 2a 1,400 b Taxable interest . 2b Sch. B if required. 3a Qualified dividends . 3a b Ordinary dividends 3b 4a IRA distributions .. 4a b Taxable amount .. 4b 5a Pensions and annuities 5a b Taxable amount . 5b Standard 6a Social security benefits 6a b Taxable amount .. 6b 7 Capital gain or (loss). Attach Schedule D if required. If not required, check here 7 3,000 8 Other income from Schedule 1, line 9 8 9 Add lines 1, 2b, 36, 4b, 5b, 6b, 7, and 8. This is your total income 9 . Deduction for- Single or Married filing separately, $12,400 Married filing jointly or Qualifying widow(er), $24,800 Head of household. 10 Adjustments to income: a From Schedule 1, line 22 10a b Charitable contributions if you take the standard deduction. See instructions 10b c Add lines 10a and 10b. These are your total adjustments to income . 100 Form 1040 nousenola, $18,650 If you checked any box under Standard Deduction, see instructions. 11 Subtract line 10c from line 9. This is your adjusted gross income 11 79,100 12 Standard deduction or itemized deductions (from Schedule A) 12 13 Qualified business income deduction. Attach Form 8995 or Form 8995-A .... 13 14 Add lines 12 and 13. 14 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter -0- 15 46,333 BAA For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Form 1040 (2020) Form 1040 (2020) Logan B. Taylor 123-45-6787 Page 2 16 Tax (see instructions). Check if any from Form(s): 1 0 8814 2 0 4972 30 16 17 Amount from Schedule 2, line 3 17 18 Add lines 16 and 17 18 Form 1040 19 Child tax credit or credit for other dependents . 19 1,500 20 Amount from Schedule 3, line 7. 20 21 Add lines 19 and 20.. 21 22 Subtract line 21 from line 18. If zero or less, enter -0- 22 23 Other taxes, including self-employment tax, from Schedule 2, line 10 23 24 Add lines 22 and 23. This is your total tax 24 25 Federal income tax withheld from: Form(s) W-2. a 25a b Form(s) 1099. 25b c Other forms (see instructions). 25c d Add lines 25a through 25c . 25d 26 2020 estimated tax payments and amount applied from 2019 return 26 If you have a qualifying child, Form 1040 27 . If you have nontaxable combat pay, see 28 instructions. Additional child tax credit. Attach Schedule 8812 .. 28 American opportunity credit from Form 8863, line 8.. 29 29 Recovery rebate credit. See instructions .. 30 30 Amount from Schedule 3, line 13. 31 31 32 Add lines 27 through 31. These are your total other payments and refundable credits 32 33 Add lines 25d, 26, and 32. These are your total payments 33 34 Refund If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid . 34 35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here 35a Direct deposit? b Routing number c Type: Checking Savings Form 1040 See instructions. d Account number 36 Amount of line 34 you want applied to your 2021 estimated tax 36 Amount 37 Subtract line 33 from line 24. This is the amount you owe now 37 You Owe Note: Schedule H and Schedule SE filers, line 37 may not represent all of the taxes you owe for 2020. See Schedule 3, line 12e, and its instructions for details. For details on how to pay, see instructions. 38 Estimated tax penalty (see instructions).. 38 Third Party Do you want to allow another person to discuss this return with the IRS? See instructions Yes. Complete below. | No Designee Designee's Phone Personal identification name no. number (PIN) Sign Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than