Q: I need to report tax return (2019 form), please help to list the following information.
Please complete the 2019 federal income tax return for Bob and Melissa Grant. Ignore the requirement to attach the form(s) W-2 to the front page of the Form 1040. If required information is missing, use reasonable assumptions to fill in the gaps. Bob (age 43) and Melissa (age 43) Grant are married and live in Lexington, Kentucky. The Grants have two children: Jared, age 15, and Alese, age 12. The Grants would like to file a joint tax return for the year. All applicable and appropriate payroll taxes were withheld by the Grants' respective employers. All the Grant family was covered by minimum essential health insurance during each month in 2019. The insurance was provided by Bob's primary employer, National Storage. The Grants also received the following during the year: Interest income from City of Lexington, KY Bond Interest income from U.S. Treasury Bond Interest income from Nevada State School Board Bond Workers' compensation payments to Bob $450 $675 $150 $4,350 Disability payments received by Bob due to injury $3,500 National Storage paid 100% of the premiums on the policy and included the premium payments in Bob's taxable wages Melissa received the following payments due to a lawsuit she filed for damages sustained in a car accident: Medical Expenses for physical injuries $2,500 Emotional Distress (from having been physically injured) $12,000 Punitive Damages $10,000 Total $24,500 Eight years ago, Melissa purchased an annuity contract for $88,000. She received her first annuity payment on January 1, 2019. The annuity will pay Melissa $15,000 per year for ten years (beginning with this year). The $15,000 payment was reported to Melissa on Form 1099-R for the current year (box 7 contained an entry of 7" on the form). Please complete the 2019 federal income tax return for Bob and Melissa Grant. Ignore the requirement to attach the form(s) W-2 to the front page of the Form 1040. If required information is missing, use reasonable assumptions to fill in the gaps. Bob (age 43) and Melissa (age 43) Grant are married and live in Lexington, Kentucky. The Grants have two children: Jared, age 15, and Alese, age 12. The Grants would like to file a joint tax return for the year. All applicable and appropriate payroll taxes were withheld by the Grants' respective employers. All the Grant family was covered by minimum essential health insurance during each month in 2019. The insurance was provided by Bob's primary employer, National Storage. The Grants also received the following during the year: Interest income from City of Lexington, KY Bond Interest income from U.S. Treasury Bond Interest income from Nevada State School Board Bond Workers' compensation payments to Bob $450 $675 $150 $4,350 Disability payments received by Bob due to injury $3,500 National Storage paid 100% of the premiums on the policy and included the premium payments in Bob's taxable wages Melissa received the following payments due to a lawsuit she filed for damages sustained in a car accident: Medical Expenses for physical injuries $2,500 Emotional Distress (from having been physically injured) $12,000 Punitive Damages $10,000 Total $24,500 Eight years ago, Melissa purchased an annuity contract for $88,000. She received her first annuity payment on January 1, 2019. The annuity will pay Melissa $15,000 per year for ten years (beginning with this year). The $15,000 payment was reported to Melissa on Form 1099-R for the current year (box 7 contained an entry of 7" on the form)
