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please use the following information to complete the 1040, shedule 1, schedule A, and schedule D tax forms for 2020. PDFs of these forms can
please use the following information to complete the 1040, shedule 1, schedule A, and schedule D tax forms for 2020. PDFs of these forms can be found online.
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: 9.70070 34-76632 Granny Smin ople 200 Avianum Road Yakima, WA 900 10.00 100 100 50.00 1.097,50 John Fue 1 Bonnie Doon Avenue Yakima, WA WA W-2 water 2020 John's other income includes interest on a Certificate of Deposit reported on a Form 1099-INT: Nina Bank 1800 W. NO HR Yakima, WA 2020 Interest Income Copy 54-0100 STI-7-74 Johor 16 YA WA 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 the following Form 1098 reporting mortgage interest and property taxes: John received the following Form 1098 reporting mortgage interest and property taxes: Mortgage Brabum National Bank 1000 W. Nob Hd Yakima, WA 1000 54-9019016 571-75-5094 4 Bon Doon Art Yakima, WA CC Prop. 2.000.00 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. Urtle John Brokerage Statement Joh. 100 Nottingham Street Bonnie Doon Ave. Sherwood Forest, MA 01233 Yakim. WA Substitute form 1099- XBOXES Tax Year 2020 1a IB Id De Net Galin 2 Descrie Shares Purchase Sale Proceeds Costa STAT Modern Pharm 44 2/1/2020 2/1/2020 890.00 88.00 2.00 ST Moderni Pharm 37 2/3/2020 2/9/2020 740.00738.00 2.00 ST Moderni Pharm 31 2/3/2020 2/3/2000 623.00 473.00 150.00 ST Moderni Pharm 28 2/3/2020 2/1/2020 569.00 93.00 4.00 Modern Pharm 34 2/3/2030 2/1/2020 583.00 13.00 240.00 Moderni Pharm 21 2/4/2020 2/4/2000 422.00 172.00 250.00 ST Moderni Pharm 40 2/4/2020 2/4/2020 786.00 700 29.00 ST Modern Pharm 32 2/4/2020 2/4/2020 64600 464.00 100.00 ST Modern Pharm35 2/4/2020 2/4/2020 892.00 95.00 197.00 ST Moderni Pharm 30 2/4/2020 2/4/2020 595.000 11700 ST Modern Pharm 42 2/5/2020 2/5/2020 4700 52.00 3.00 Moderni Pharm 28 2/5/2020 /5/2020 565.00 133.00 132.00 ST Modern Pharm 33 2/5/2020 2/5/2020 664.00 100 23:00 Moderni Pharm 21 2/5/2020 2/5/2020 422.00 277.00 165.00 ST Modern Pharm 32 2/5/2020 2/5/2020 630.00 1.00 152.00 ST Modern Pharm 39 2/6/2020 2/6/2020 780.00 509.00 271.00 ST Modern Pharm40 2/6/2020 2/6/2020 76.00 711.00 35.00 ST Modern Pharm 38 2/6/2020 2/2000 754.00 54.00 270.00 ST Modern Pharm 34 2/6/2020 2/1/2000 674.00 Q400 250.00 ST 12,773.00 27.00 21.00 mmmmmmmmmmmmmmm 4:40 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. Required: Complete John's federal tax return for 2020. Use Form 1040, Schedule 1. Schedule A, and Schedule Das needed to complete this tax return. Make realistic assumptions about any missing data. 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: 9.70070 34-76632 Granny Smin ople 200 Avianum Road Yakima, WA 900 10.00 100 100 50.00 1.097,50 John Fue 1 Bonnie Doon Avenue Yakima, WA WA W-2 water 2020 John's other income includes interest on a Certificate of Deposit reported on a Form 1099-INT: Nina Bank 1800 W. NO HR Yakima, WA 2020 Interest Income Copy 54-0100 STI-7-74 Johor 16 YA WA 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 the following Form 1098 reporting mortgage interest and property taxes: John received the following Form 1098 reporting mortgage interest and property taxes: Mortgage Brabum National Bank 1000 W. Nob Hd Yakima, WA 1000 54-9019016 571-75-5094 4 Bon Doon Art Yakima, WA CC Prop. 2.000.00 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. Urtle John Brokerage Statement Joh. 100 Nottingham Street Bonnie Doon Ave. Sherwood Forest, MA 01233 Yakim. WA Substitute form 1099- XBOXES Tax Year 2020 1a IB Id De Net Galin 2 Descrie Shares Purchase Sale Proceeds Costa STAT Modern Pharm 44 2/1/2020 2/1/2020 890.00 88.00 2.00 ST Moderni Pharm 37 2/3/2020 2/9/2020 740.00738.00 2.00 ST Moderni Pharm 31 2/3/2020 2/3/2000 623.00 473.00 150.00 ST Moderni Pharm 28 2/3/2020 2/1/2020 569.00 93.00 4.00 Modern Pharm 34 2/3/2030 2/1/2020 583.00 13.00 240.00 Moderni Pharm 21 2/4/2020 2/4/2000 422.00 172.00 250.00 ST Moderni Pharm 40 2/4/2020 2/4/2020 786.00 700 29.00 ST Modern Pharm 32 2/4/2020 2/4/2020 64600 464.00 100.00 ST Modern Pharm35 2/4/2020 2/4/2020 892.00 95.00 197.00 ST Moderni Pharm 30 2/4/2020 2/4/2020 595.000 11700 ST Modern Pharm 42 2/5/2020 2/5/2020 4700 52.00 3.00 Moderni Pharm 28 2/5/2020 /5/2020 565.00 133.00 132.00 ST Modern Pharm 33 2/5/2020 2/5/2020 664.00 100 23:00 Moderni Pharm 21 2/5/2020 2/5/2020 422.00 277.00 165.00 ST Modern Pharm 32 2/5/2020 2/5/2020 630.00 1.00 152.00 ST Modern Pharm 39 2/6/2020 2/6/2020 780.00 509.00 271.00 ST Modern Pharm40 2/6/2020 2/6/2020 76.00 711.00 35.00 ST Modern Pharm 38 2/6/2020 2/2000 754.00 54.00 270.00 ST Modern Pharm 34 2/6/2020 2/1/2000 674.00 Q400 250.00 ST 12,773.00 27.00 21.00 mmmmmmmmmmmmmmm 4:40 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. Required: Complete John's federal tax return for 2020. Use Form 1040, Schedule 1. Schedule A, and Schedule Das needed to complete this tax return. Make realistic assumptions about any missing data Step by Step Solution
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