Notet This problem is for the 2921 tax year. Logan b. Taylor is a widower whose wife, Sara; didd on June 6, 2019. He livea Mt 4650 Dogwocd Lane, Springfield, Mo 65501. He is empleyed as a paralegal by a locol low frm. Durng 2021, he had the following receipts. Lagan irhented securities werth s60,000 from his uncle, Daniel, who died in zozi, Logan aiso was the designabed beneficlary of an insurante pelley on Darierd life with e maturity value of s200,000. The lot in St. Louls was purchased on Msy 2, 2016 , for sB5,000 and held as an imvestment. Because the neighboehood has deterierated, Legan decided to cut his iosses and sold the lot en lanuary 5 , 2021, for \$gd,00d. The estake sale consisted largely of items belonging to sere and Daniel (e.g., carmper, bost, furricure, and fishing snd hunting equipmient), Logan estimetes thet the property sold originally cost at least twice the $9,000 be recelved and has decilned er staryod the same in vblue since sara and Dariel d ed Logar's eipenditurer for 2021 instude the following: While Logaf and his depthderts are covered by his employer's hesth insurance policy, he it subject to a deductibie, and dental care is net Indust4. The 140,500 deetal cherge wat for Helen's implants, Helen is teggn's widewed mothec, who thes with hirt (see below). Logan norimery pledges s2,400 (\$200 per morth) each year to his church. On Deceinter 5, 2021, upon the adyice of his postac, he prepaid his. pledge for 2022. Notet This problem is for the 2921 tax year. Logan b. Taylor is a widower whose wife, Sara; didd on June 6, 2019. He livea Mt 4650 Dogwocd Lane, Springfield, Mo 65501. He is empleyed as a paralegal by a locol low frm. Durng 2021, he had the following receipts. Lagan irhented securities werth s60,000 from his uncle, Daniel, who died in zozi, Logan aiso was the designabed beneficlary of an insurante pelley on Darierd life with e maturity value of s200,000. The lot in St. Louls was purchased on Msy 2, 2016 , for sB5,000 and held as an imvestment. Because the neighboehood has deterierated, Legan decided to cut his iosses and sold the lot en lanuary 5 , 2021, for \$gd,00d. The estake sale consisted largely of items belonging to sere and Daniel (e.g., carmper, bost, furricure, and fishing snd hunting equipmient), Logan estimetes thet the property sold originally cost at least twice the $9,000 be recelved and has decilned er staryod the same in vblue since sara and Dariel d ed Logar's eipenditurer for 2021 instude the following: While Logaf and his depthderts are covered by his employer's hesth insurance policy, he it subject to a deductibie, and dental care is net Indust4. The 140,500 deetal cherge wat for Helen's implants, Helen is teggn's widewed mothec, who thes with hirt (see below). Logan norimery pledges s2,400 (\$200 per morth) each year to his church. On Deceinter 5, 2021, upon the adyice of his postac, he prepaid his. pledge for 2022
