Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Reba Dixon is a fifth - grade school teacher who earned a salary of $ 3 7 , 0 4 0 in 2 0 2
Reba Dixon is a fifthgrade school teacher who earned a salary of $ in She is years old and receives $ of alimony payments each month from her former husband divorced in Reba also rents out a small apartment building. This year Reba received $ of rental payments from tenants, and she incurred $ of expenses associated with the rental.Reba and her daughter Heather years old at the end of the year moved to Georgia in January of this year. Reba provides more than onehalf of Heather's support. They had been living in Colorado for the past years, but ever since her divorce, Reba has been wanting to move back to Georgia to be closer to her family. Luckily, last December, a teaching position opened up and Reba and Heather decided to make the move. Reba paid a moving company $ to move their personal belongings, and she and Heather spent two days driving the miles to Georgia.Reba rented a home in Georgia. Heather decided to continue living at home with her mom, but she started attending school full time in January and throughout the rest of the year at a nearby university. She was awarded a $ partial tuition scholarship this year, and Reba helped out by paying the remaining $ tuition cost. If possible, Reba thought it would be best to claim the education credit for these expenses.Reba wasn't sure if she would have enough items to help her benefit from itemizing on her tax return. However, she kept track of several expenses this year that she thought might qualify if she was able to itemize. Reba paid $ in state income taxes and $ in charitable contributions during the year. She also paid the following medicalrelated expenses for herself and Heather:Insurance premiums$ Medical care expenses$ Prescription medicine$ Nonprescription medicine$ New contact lenses for Heather$ Shortly after the move, Reba got distracted while driving and ran into a street sign. The accident caused $ in damage to the car and gave her whiplash. Because the repairs were less than her insurance deductible, she paid the entire cost of the repairs. Reba wasn't able to work for two months after the accident. Fortunately, she received $ from her disability insurance. Her employer, the Central Georgia School District, paid percent of the premiums on the policy as a nontaxable fringe benefit, and Reba paid the remaining percent portion.A few years ago, Reba acquired several investments with her portion of the divorce settlement. This year she reported the following income from her investments: $ of interest income from corporate bonds and $ interest income from City of Denver municipal bonds. Overall, Reba's stock portfolio appreciated by $ but she did not sell any of her stocks.Heather reported $ of interest income from corporate bonds she received as gifts from her father over the last several years. This was Heather's only source of income for the year.Reba had $ of federal income taxes withheld by her employer. Heather made $ of estimated tax payments during the year. Reba did not make any estimated payments.tablePart of table
tableTotal other income. Add lines a through zCombine lines through and Enter here and on Form SR or line tablepointsPart IIAdjustments to Income,,
tableEducator expensesCertain business expenses of reservists, performing artists, and feebasis government officials. Attach Form
tableHealth savings account deduction. Attach Form Moving expenses for members of the Armed Forces. Attach Form Deductible part of selfemployment tax. Attach Schedule SESelfemployed SEP, SIMPLE, and qualified plans,Selfemployed health insurance deduction,
tablePenalty on early withdrawal of savingsAlimony paidbRecipient's SSNctableDate of original divorce or separationagreement see instructions
tableIRA deductionStudent loan interest deductionReserved for future use,Archer
MSA deduction,table
Please help me fill out the tax form
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started