Question
Please fill in this tax return. Hi, its Shady Slim again. I just got back from my 55th birthday party, and Im told that you
Please fill in this tax return.
Hi, its Shady Slim again. I just got back from my 55th birthday party, and Im told that you need some more information from me in order to complete my tax return. Im an open book! Ill tell you whatever I think you need to know.
I had to move this year after getting my job at Roca Cola. I moved on February 3 of this year, and I worked my job at Roca Cola for the rest of the year. I still live in the same state, but I moved 500 miles away from my old house. I hired a moving company to move my stuff at a cost of $2,300, and I drove in my car. I got a hotel room along the way that cost $65 (I love Super 8!).
Can you believe Im still paying off my student loans, even after 15 years? I paid a total of $900 in interest on my old student loans this year.
Since Roca Coca (my employer) never started a retirement plan, I decided I should probably start saving for my golden years. I contributed $3,000 to what the bank referred to as a regular IRA (or was it an REM?). Oh yeah. I also did a little investing this year. I bought a limited partnership interest in Duds Ltd. for $10,000. I thought it was going to be a real winner, but this year they took a bath. My portion of the loss was $8,000. Well, at least I did not actually do any work for Duds, and I get the tax deductionright?
That should be all the information you need right now.
Form 1040 (2018) Page 2 172,900 Attach Form(s) W-2. Also attach Form(s) W-2G and 1099-R if tax was withheld. 1 Wages, salaries, tips, etc. Attach Form(s) W-2 2a Tax-exempt interest 3a Qualified dividends 4a IRAs, pensions, and annuities 5a Social security benefits 6 Total income. Add lines 1 through 5. Add any amount from Schedule 1, line b Taxable interest b Ordinary dividends 3,000 b Taxable amount b Taxable amount Standard deduction for- 22 172,900 169,900 12,200 7 Adjusted gross income. If you have no adjustments to income, enter the amount from line 6, otherwise, subtract Schedule 1, . Single or Married filing line 36, from line 6 separately, $12,000 8 Standard deduction or itemized deductions (from Schedule A) 9 Qualified business income deduction (see instructions) 10 Taxable income. Subtract lines 8 and 9 from line 7. If zero or less, enter-O- Married filing jointly or Qualifying widow(er), 11 a Tax (see inst.) (check if any from: D 1. Form(s) 8814 02. Form 4972 $24,000 3. b Add any amount from Schedule 2 and check here Head of household, 12 a Child tax credit/credit for other dependents $18,000 b Add any amount from Schedule 3 and check here 13 Subtract line 12 from line 11. If zero or less, enter-O- 14 Other taxes. Attach Schedule 4 If you checked any box 15 Total tax. Add lines 13 and 14 under Standard 16 Federal income tax withheld from Forms W-2 and 1099 deduction, see instructions. 17 Refundable credits: a EIC (see inst.) b Sch. 8812 C Form 8863 Add any amount from Schedule 5 18 Add lines 16 and 17. These are your total payments. Refund 19 If line 18 is more than line 15, subtract line 15 from line 18. This is the amount you overpaid 20a Amount of line 19 you want refunded to you. If Form 8888 is attached, check here .. Dicert.denosit2..See..........b Routing number...... ... c Type: Checking...... Savings. 20a 18 Add lines 16 and 17. These are your total payments. Refund 19 If line 18 is more than line 15, subtract line 15 from line 18. This is the amount you overpaid 19 20a Amount of line 19 you want refunded to you. If Form 8888 is attached, check here Direct deposit? See Routing number c Type: Checking | Savings instructions. d Account number 21 Amount of line 19 you want applied to your 2019 estimated tax 1 21 22 Amount you owe. Subtract line 18 from line 15. For details on how to pay, see instructions Amount You Owe 23 Estimated tax penalty (see instructions) Go to www.irs.gov/Form 1040 for instructions and the latest information. THIS SORMIS A SIMULATION OF AN OFFICIAL IS TAY FORM IT IS NOT THE OFFICIAL FORMITSELE DO NOT USE THIS FORM GOD 22 23 Form 1040 (2018)Step by Step Solution
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