Please explain how did i get the answer from 12a wrong?

Jorge Gomez is a single taxpayer. His SSN is 412-34-5670, and he lives at 5037 Circle Court, Crestview, IL 60543. He is a supervisor and his 2019 W2 shows gross wages of $94,850 with $5,881 of social security and $1,375 of Medicare taxes withheld. He has $14,500 of federal withholding and $2,595 in state withholding. Jorge does not itemize. He had the following stock transactions for the year: Stock Shares 5,500 800 2,800 Date Purchased 7/8/18 3/12/19 2/13/12 Date Sold 9/12/19 10/21/19 10/21/19 Sale Price $ 15,000 43,000 30,000 Cost Basis $ 18,000 47,000 22,000 He also has interest from a savings account with Local Neighborhood Bank of $250 and a dividend from a Form 1099-DIV of $1,600 in ordinary dividends received from ABC brokerage, of which $1,350 are considered qualified dividends. Required: Prepare a 2019 Form 1040 for Jorge and all related schedules and forms. Assume that each box 3 of the 1099-Bs was not checked for all sales transactions. (Instructions can be found on certain cells within the forms. Input all the values as positive numbers.) Form 1040 Department of the Treasury-Internal Revenue Service (99) U.S. Individual Income Tax Return 2019 OMB No. 1545-0074 IRS Use Only-Do not write or staple in this space. Filing Status Single Married filing jointly Married filing separately (MFS) Head of household (HOH) Qualifying widow(er) (QW) Check only If you checked the MFS box, enter the name of spouse. If you checked the HOH or QW box, enter the child's name if the qualifying person is one box. a child but not your dependent. Your first name and middle initial Last name Your social security number (Enter as xxx-xx- XXXX) Jorge Gomez 412-34-5670 If joint return, spouse's first name and middle initial Spouse's social security number (Enter as xxx- Last name XX-XXXX) Home address (number and street). If you have a P.O. box, see instructions. Apt. no. 5037 Circle Court City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions). Crestview, IL 60543 Foreign country name Foreign province/state/county Foreign postal code Presidential Election Campaign Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change your tax or refund. You Spouse If more than four dependents, see instructions and here Someone can Standard You as a dependent Your spouse as a dependent clalm: 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) Vif qualifies for (see instructions): (1) First name Last name (Enter as XXX-XX-xxxx) Child tax credit Credit for other dependents 1 Wages, salaries, tips, etc. Attach Form(s) W-2 1 94,850 2a Tax-exempt interest 2a 2b 250 b Taxable interest. Attach Sch. B if required b Ordinary dividends. Attach Sch. B if required 3a Qualified dividends 3a 1,350 3b 1,600 4a IRA distributions 4a b Taxable amount 4b c Pensions and annuities 4c d Taxable amount 4d 5a Social security benefits 5a b Taxable amount 5b 6 Capital gain or (loss). Attach Schedule D if required. If not required, check here 6 7a Other income from Schedule 1, line 9 7a Standard Deduction for - Single or Married filing separately, $12,200 Married filing jointly or Qualifying widow(er), $24,400 Head of household, $18,350. If you checked any box under Standard Deduction, see instructions. b Add lines 1, 2b, 3b, 4b, 4d, 55, 6, and 7a. This is your total income 7b 96,700 8a Adjustments to income from Schedule 1, line 22 8 b Subtract line 8a from line 7b. This is your adjusted gross income 8b 96,700 9 Standard deduction or itemized deductions (from Schedule A) 9 12,200 10 Qualified business income deduction. Attach Form 8995 or Form 8995-A 10 11a Add lines 9 and 10 11a 12,200 b Taxable income. Subtract line 11a from line 8b 11b 84,500 For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11320B Form 1040 (2019) Form 1040 (2019) Jorge Gomez Page 2 412-34- 5670 (2) 4972 12a Tax (see inst.) Check if any from Form(s): (1) 8814 (3) 12a 14,663 b Add Schedule 2, line 3, and line 12a and enter the total 12b 14,663 13a Child tax credit or credit for other dependents 13a b Add Schedule 3, line 7, and line 13a and enter the total 13b 14 Subtract line 13b from line 12b. If zero or less, enter-O- 14 15 Other taxes, including self-employment tax, from Schedule 2, line 10 15 16 Add lines 14 and 15. This is your total tax 16 0 17 Federal income tax withheld from Forms W-2 and 1099 17 14,500 18 Other payments and refundable credits: a Earned income credit (EIC) 18a If you have a qualifying child, attach Sch. EIC. If you have nontaxable combat pay, see instructions. 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 18e 0 19 Add lines 17 and 18e. These are your total payments 19 14,500 Jorge Part I Interest 412-34-5670 Amount Gomez 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 first. Also, show that buyer's social security number and address Local Neighborhood Bank 250 See instructions and the instructions for Forms 1040 and 1040-SR, line 2b.) 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 total interest shown on that form. 250 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 ABC Brokerage 2 3 4 250 Amount 1,600 Part II Ordinary Dividends (See instructions and the instructions for Form 1040, line 3b.) 5 Note: If you received a Form 1099-DIV or substitute statement from a brokerage firm, Schedule D Page 1 of Form 1040. 2019 SCHEDULE D Capital Gains and Losses OMB No. 1545-0074 (Form 1040 or 1040-SR) Attach to Form 1040, 1040-SR, or 1040-NR. Department of the Treasury Go to www.irs.gov/Scheduled for instructions and the latest information. Internal Revenue Service (99) Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b, 9, and 10. Attachment Sequence No. 12 Name(s) shown on retum Your social security number Jorge Gomez 412-34-5670 Did you dispose of any investment(s) in a qualified opportunity fund during the tax year? Yes No If "Yes," attach Form 8949 and see its instructions for additional requirements for reporting your gain or loss. Parti Short-Term Capital Gains and Losses-Generally Assets Held One Year or Less (see instructions) See instructions for how to figure the amounts to enter on the lines (9) Adjustments below. (d) Proceeds (e) Cost (or other to gain or loss (h) Gain or loss). Subtract column (e) from from Form(s) This form may be easier to complete if you round off cents to whole (sales price) column (d) and combine the result with basis) 8949, Part I, line dollars. column (9) 2. column (9) 1a Totals for all short-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 1b 43,000 47,000 (4,000) 1b Totals for all transactions reported on Form(s) 8949 with Box A checked 0 2 Totals for all transactions reported on Form(s) 8949 with Box B checked 0 3 Totals for all transactions reported on Form(s) 8949 with Box C checked 0 4 Short-term gain from Form 6252 and short-term gain or loss) from Forms 4684, 6781, and 8824 4 5 Net short-term gain or loss) from partnerships, Scorporations, estates, and trusts from Schedule(s) K-1 5 6 Short-term capital loss carryover. Enter the amount, if any, from line 8 of your Capital Loss Carryover Worksheet in the instructions (Enter as negative) 6 7 Net short-term capital gain or loss). Combine lines 1a through 6 in column (h). If you have any long-term capital gains or losses, go to Part 11 below. Otherwise, go to Part III on page 2 (4,000) Part II Long-Term Capital Gains and LossesGenerally Assets Held More Than One Year (see instructions) See instructions for how to figure the amounts to enter on the lines (g) Adjustments below. (d) Proceeds (e) Cost or other to gain or loss (h) Gain or (loss). Subtract column (e) from from Form(s) column (d) and combine the result with This form may be easier to complete if you round off cents to whole (sales price) basis 8949, Part II, line column (g) dollars. 2, column (9) 8a Totals for all long-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 8b 45,000 40,000 5,000 8b Totals for all transactions reported on Form(s) 8949 with Box D checked 0 9 Totals for all transactions reported on Form(s) 8949 with Box E 0 checked 10 Totals for all transactions reported on Form(s) 8949 with Box F 0 checked 11 Gain from Form 4797, Part 1; long-term gain from Forms 2439 and 6252; and long-term gain or loss) from Forms 4684, 6781, and 8824 11 12 Net long-term gain or loss) from partnerships, S corporations, estates, and trusts from Schedule(s) K-1 12 13 Capital gain distributions. See the instructions 13 14 Long-term capital loss carryover. Enter the amount, if any, from line 13 of your Capital Loss Carryover Worksheet in the instructions (Enter as negative) 14 15 Net long-term capital gain or (loss). Combine lines 8a through 14 in column (h). Then go to Part III on page 2 15 5,000 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 11338H Schedule D (Form 1040 or 1040-SR) 2019 TUILONI SILIATION MorriCIALISTA Yon ITINATTUPILA ADA Iron Schedule D Page 2 of Form 1040. Schedule D (Form 1040 or 1040-SR) 2019 Jorge Gomez 412-34-5670 Page 2 Part III 16 1,000 18 1,120 5,000 19 Summary 16 Combine lines 7 and 15 and enter the result If line 16 is a gain, enter the amount from line 16 on Form 1040 or 1040-SR, line 6; or Form 1040-NR, line 14. Then go to line 17 below. If line 16 is a loss, skip lines 17 through 20 below. Then go to line 21. Also be sure to complete line 22. If line 16 is zero, skip lines 17 through 21 below and enter-O-on Form 1040 or 1040-SR, line 6; or Form 1040-NR, line 14. Then go to line 22. 17 Are lines 15 and 16 both gains? Yes. Go to line 18. No. Skip line 18 through 21, and go to line 22. 18 If you are required to complete the 28% Rate Gain Worksheet (see instructions), enter the amount, if any, from line 7 of that worksheet 19 If you are required to complete the Unrecaptured Section 1250 Gain Worksheet (see instructions), enter the amount, if any, from line 18 of that worksheet 20 Are lines 18 and 19 both zero or blank? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Forms 1040 and 1040-SR, line 12a (or in the instructions for Form 1040-NR, line 42). Don't complete lines 21 and 22 below. No. Complete the Schedule D Tax Worksheet in the instructions. Don't complete lines 21 and 22 below. 21 If line 16 is a loss, enter here and on Form 1040 or 1040-SR, line 6; or Form 1040-NR, line 14, the smaller of: The loss on line 16 or ($3,000), or if married filing separately. ($1,500) Note: When figuring which amount is smaller, treat both amounts as positive numbers. 22 Do you have qualified dividends on Form 1040 or 1040-SR, line 3a; or Form 1040-NR, line 10b? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Forms 1040 and 1040-SR, line 12a (or in the instructions for Form 1040-NR, line 42). No. Complete the rest of Form 1040, 1040-SR, or 1040 NR. (Enter as negative) 21 Schedule D (Form 1040 or 1040-SR) 2019 ATION