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Question 6 20 pts Ellen files as a head of household and is 57 years old during 2020. She provides all of the support
Question 6 20 pts Ellen files as a head of household and is 57 years old during 2020. She provides all of the support for her elderly father who lives in a memory care facility and her father qualifies as her dependent in 2020. Ellen has the following information for 2020: . Salary income... . Interest income..... $199,500 2,000 Short-term capital gain..... 3,500 Medical expenses paid for Ellen and her father before the floor. 18,175 . Mortgage interest paid on residence acquired in 2019 with acquisition indebtedness of $680,000.. .6,500 State income taxes paid... 8,800 . Property tax paid on residence...... 6,000 .Interest paid on home equity loan taken out in 2020 to buy a new car............ $3,500 . Cash contribution to church... 1,000 . Unreimbursed employee expenses..... 1,560 .Personal tax preparation expense... 1,800 . Casualty loss after $100 floor due to uninsured theft of car (not a federal disaster area loss) 4,800 Compute Ellen's 2020 taxable income and the amount of tax or refund that is due after all allowable credits and withholding/prepayments totaling $33,928 that Ellen made in 2020. Ignore any net investment income tax. Upload Choose a File
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