Required information [The following information applies to the questions displayed befow] Demarco and Janine Jackson have been married for 20 years and have four children (no children under age 6 at yearend) who qualify as their dependents (Damarcus, Jasmine. Michael, and Candice). The couple recelved salary income of $99.000 and qualified business income of $16,000 from an investment in a partnership, and they sold their home this year. They initially purchased the home three years ago for $230,000 and they sold it for $280,000. The gain on the sale qualified for the exclusion from the sale of a principal residence. The Jacksons incurred $17,700 of itemized deductions (no charitable contributions), and they had $4.000 withheid from their paychecks for federal taxes. They are also allowed to claim a child tax credit for each of their children. However, because Candice was 18 years of age at year end, the Jacksons may claim a child tax credit for other qualifying dependents for Candice. (Use the tax rate schedules.) Complete page 1. page 2, and Schedule 1 of the Jacksons' Form 1040 (use the most recent form available). Demarco and Janine Jackson's address is 19010 NW. 135 th Street, Miami, FL 33054. Social security numbers: Demarco: 123.45-6789 Janine: 234-56.7890 Son: Damarcus: 345-67.8901 Daughter: Jasmine: 456-78-9012 Son: Michael: 567.89.0123 Daughter: Candice: 678.901234 Form 1040 Page 1 and 2. Required information 1. Required information beliet they are true, correct, and complele. Declaration of peparer (other than tapayer) is based on at information of which preparer has any knowledge. (1) Required information Form 1040 Schedule 1 Fam income or (ooss) Alach schedule F Unemplopsent compenation Other ncome Required information Individuals Required information [The following information applies to the questions displayed befow] Demarco and Janine Jackson have been married for 20 years and have four children (no children under age 6 at yearend) who qualify as their dependents (Damarcus, Jasmine. Michael, and Candice). The couple recelved salary income of $99.000 and qualified business income of $16,000 from an investment in a partnership, and they sold their home this year. They initially purchased the home three years ago for $230,000 and they sold it for $280,000. The gain on the sale qualified for the exclusion from the sale of a principal residence. The Jacksons incurred $17,700 of itemized deductions (no charitable contributions), and they had $4.000 withheid from their paychecks for federal taxes. They are also allowed to claim a child tax credit for each of their children. However, because Candice was 18 years of age at year end, the Jacksons may claim a child tax credit for other qualifying dependents for Candice. (Use the tax rate schedules.) Complete page 1. page 2, and Schedule 1 of the Jacksons' Form 1040 (use the most recent form available). Demarco and Janine Jackson's address is 19010 NW. 135 th Street, Miami, FL 33054. Social security numbers: Demarco: 123.45-6789 Janine: 234-56.7890 Son: Damarcus: 345-67.8901 Daughter: Jasmine: 456-78-9012 Son: Michael: 567.89.0123 Daughter: Candice: 678.901234 Form 1040 Page 1 and 2. Required information 1. Required information beliet they are true, correct, and complele. Declaration of peparer (other than tapayer) is based on at information of which preparer has any knowledge. (1) Required information Form 1040 Schedule 1 Fam income or (ooss) Alach schedule F Unemplopsent compenation Other ncome Required information Individuals
