Required forms Tax return 2020

• 1040 PG 1
• 1040 PG 2
• Schedule A
• Schedule B
• Schedule D PG1
• Schedule D PG2
• Form 8949 PG 2
• 28 percent Rate Gain Worksheet
• Tax Worksheet PG1
• Tax Worksheet PG2

Danae Coleman is single and lives at 5411 Melbourne Avenue, Chicago, IL 60455. She is a supervisor and her SSN is 412-34-5670. Using the following information, complete her tax return for 2020:

Kimber Company W-2:
Gross	$ 90,000
Social security tax	5,580
Medicare tax	1,305
Federal withholding tax	16,300
State withholding tax	2,700
Lee Company W-2:
Gross	$ 22,500
Social security tax	1,395
Medicare tax	326
Federal withholding tax	2,300
State withholding tax	600
Danae has the following itemized deductions:
Real estate tax	$ 7,633
Mortgage interest	8,445
Charitable contributions	3,000
Danae has the following investments:
1099-INT	$ 2,510
1099-DIV
Ordinary dividends	2,389
Qualified dividends	1,963
Capital gain distribution	4,711
2019 short-term loss carryover	(1,000)

She also has received interest from a 1099-INT of $2,510 from Asha Corporation Bank and a dividend from a Form 1099-DIV of $2,389 in ordinary dividends received from Mint brokerage, of which $1,963 are considered qualified dividends.

Danae received a gift of 2,000 shares of FNP Incorporated stock from her Aunt Jane on January 19, 2020. The basis of the shares to Aunt Jane was $4,300, and they had an FMV of $4,600 on the date of the gift. Aunt Jane purchased the stock on December 30, 2018. On June 30, 2020, Danae sold all the shares for $6,000.

Danae is an avid stamp collector and purchased a rare stamp on March 20, 2010, for $4,000. She sold the stamp for $6,000 on April 8, 2020.

Required:

Prepare Form 1040 and all related schedules, forms, and worksheets for 2020. Danae does not donate to the presidential election campaign. Danae is a manager at Kimber Company and had qualifying health care coverage at all times during the tax year. (Indicate losses with minus sign and enter all other values as positive amounts. Round your final answers to nearest whole dollar.)

Use the appropriate Tax Tables and Tax Rate Schedules.