Shauna Coleman is single. She is employed as an architectural designer for Streamline Design (SD). Shauna wanted to determine her taxable income for this year (2021). She correctly calculated her AGI. However, she wasn't sure how to compute the rest of her taxable income. She provided the following information with hopes that you could use it to determine her taxable income. a. Shauna paid $4,700 for medical expenses for care related to a broken ankle. Also, Shauna's boyfriend, Blake, drove Shauna (in her car) a total of 115 miles to the doctor's office so she could receive care for her broken ankle. b. Shauna paid a total of $3,450 in health insurance premiums during the year (not through an exchange). SD did not reimburse any of this expense. Besides the health insurance premiums and the medical expenses for her broken ankle, Shauna had Lasik eye surgery last year and paid $3,050 for the surgery (she received no insurance reimbursement). She also incurred $470 of other medical expenses for the year. c. SD withheld $1,850 of state income tax, $7,545 of Social Security tax, and $14,700 of federal income tax from Shauna's paychecks throughout the year. d. In 2021, Shauna was due a refund of $270 for overpaying her 2020 state taxes. On her 2020 state tax return that she filed in April 2021, she applied the overpayment toward her 2021 state tax liability. She estimated that her state tax liability for 2021 will be $2,350. e. Shauna paid $3,250 of property taxes on her personal residence. She also paid $520 to the developer of her subdivision because he had to replace the sidewalk in certain areas of the subdivision. f. Shauna paid a $220 property tax based on the state's estimate of the value of her car. g. Shauna has a home mortgage loan in the amount of $230,000 that she secured when she purchased her home. The home is worth about $410,000. Shauna paid interest of $12,500 on the loan this year. h. Shauna made several charitable contributions throughout the year. She contributed stock in ZYX Corporation to the Red Cross. On the date of the contribution, the fair market value of the donated shares was $1,200 and her basis in the shares was $480. Shauna originally bought the ZYX Corporation stock in 2009. Shauna also contributed $320 cash to State University and religious artifacts she has held for several years to her church. The artifacts were valued at $520 and Shauna's basis in the items was $320. Shauna had every reason to believe the church would keep them on display indefinitely. Shauna also drove 200 miles doing church-related errands for her minister. Finally, S ces h. Shauna made several charitable contributions throughout the year. She contributed stock in ZYX Corporation to the Red Cross. On the date of the contribution, the fair market value of the donated shares was $1,200 and her basis in the shares was $480. Shauna originally bought the ZYX Corporation stock in 2009. Shauna also contributed $320 cash to State University and religious artifacts she has held for several years to her church. The artifacts were valued at $520 and Shauna's basis in the items was $320. Shauna had every reason to believe the church would keep them on display indefinitely. Shauna also drove 200 miles doing church-related errands for her minister. Finally, Shauna contributed $1,250 of services to her church last year. i. Shauna paid $270 in investment advisory fees and another $170 to have her tax return prepared (that is, she paid $170 in 2021 to have her 2020 tax return prepared). j. Shauna is involved in horse racing as a hobby. During the year, she won $2,550 in prize money and incurred $12,000 in expenses. She has never had a profitable year with her horse-racing activities, so she acknowledges that this is a hobby for federal income tax purposes. k. Shauna sustained $2,050 in gambling losses over the year (mostly horse-racing bets) and had only $220 in winnings. b-2. Complete page 1 of Form 1040 (through taxable income, line 15) and Schedule A assuming her AGI is $217,000. (Input all the values as positive numbers. Enter any non-financial information, (e.g. Names, Addresses, social security numbers) EXACTLY as they appear in any given information or Problem Statement. Use 2021 tax rules regardless of year on form.) Shauna's address is 19010 N.W. 135th Street, Miami, FL 33054. Social security numbers: Shauna Coleman: 111-11-1111 of 2 1040 PG 1 Schedule A Form 1040 Page 1. Form 1040 Ook Filing Status Check only ences one box. Department of the Treasury-Internal Revenue Service (99) U.S. Individual Income Tax Return Single Married filing jointly 2020 +1545- OMB No. 1545-0074 Married filing separately (MFS) If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QW box, enter the child's name if the qualifying person is Head of household (HOH) a child but not your dependent. Your first name and middle initial Shauna If joint return, spouse's first name and middle initial Last name Coleman Last name IRS Use Only-Do not write or staple in this spa Qualifying widow(er) (QW) Your social security num! 111-11-1111 Spouse's social security nu Home address (number and street). If you have a P.O. box, see instructions. 19010 N.W. 135th Street; City, town, or post office. If you have a foreign address, also complete spaces below. Miami, FL 33054. Foreign country name State Foreign province/state/county Foreign postal code S Prev 1 2 of 2 Next Apt. no. ZIP code Presidential Election Camp Check here if you, or your spouse if filing to go to this fund. Checking a box below your tax or refund. [19010 N.W. 135th Street, City, town, or post office. If you have a foreign address, also complete spaces below. Miami, FL 33054. State ZIP code Foreign country name Foreign province/state/county Foreign postal code At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? + Your spouse as a dependent Standard Someone can claim: You as a dependent Deduction Spouse itemizes on a separate return or you were a dual-status alien Age/Blindness Dependents You: (see instructions): (1) First name Last name If more than four dependents, see instructions and check here ntial Election Cam Check here if you, or your spouse if filin to go to this fund. Checking a box below your tax or refund. You Spouse Yes No Were born before January 2, 1956 Are blind Spouse: Was born before January 2, 1956 Is blind (2) Social security number (3) Relationship to you (4) if qualifies for (see instr Child tax credit Credit for oth 0 O 1 Wages, salaries, tips, etc. Attach Form(s) W-2 Attach Sch. B if required. 2a Tax-exempt interest 3a Qualified dividends 4a IRA distributions 1 2b 2a b Taxable interest 3a b Ordinary dividends 3b 4a b Taxable amount 4b S Prev 1 2 of 2 Next > ation 1 Wages, salaries, tips, etc. Attach Form(s) W-2 1 Attach Sch. B if required. 2a Tax-exempt interest 2a b Taxable interest 2b 3a Qualified dividends 4a IRA distributions 5a Pensions and annuities 3a b Ordinary dividends 3b 4a b Taxable amount 4b 5a b Taxable amount 5b 6a Social security benefits 6a b Taxable amount 6b 7 Capital gain or (loss). Attach Schedule D if required. If not required, check here Standard Deduction for- 8 Other income from Schedule 1, line 9 10 Adjustments to income: a From Schedule 1, line 22 Single or Married filing separately, $12,400 Married filing jointly or Qualifying widow(er), $24,800 Head of household, $18,650 If you checked any box under Standard Deduction, see instructions. b Charitable contributions if you take the standard deduction. See instructions c Add lines 10a and 10b. These are your total adjustments to income 11 Subtract line 10c from line 9. This is your adjusted gross income 12 Standard deduction or itemized deductions (from Schedule A) 13 Qualified business income deduction. Attach Form 8995 or Form 8995-A 14 Add lines 12 and 13 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter -0- 9 Add lines 1, 2b, 3b, 4b, 5b, 6b, 7, and 8. This is your total income 8 9 10a 10b 10c 11 12 13 14 15 Prev 1 2 of 2 Next > Form 1040 Schedule A. SCHEDULE A (Form 1040) Department of the Treasury Internal Revenue Service (99) Name(s) shown on Form 1040 or 1040-SR Shauna Coleman Medical and Dental Itemized Deductions Go to www.irs.gov/ScheduleA for instructions and the latest information. Attach to Form 1040 or 1040-SR. Caution: If you are claiming a net qualified disaster loss on Form 4684, see the instructions for line 16. OMB No. 1545-0074 2020 Attachment Sequence No. 07 Your social security number 111-11-1111 Caution: Do not include expenses reimbursed or paid by others. 1 Medical and dental expenses (see instructions) Expenses 2 Enter amount from Form 1040 or 1040-SR, line 11 2 3 Multiply line 2 by 7.5% (0.075) 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter -0- 5 State and local taxes. Taxes You Paid a State and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line 5a, but not both. If you elect to include general sales taxes instead of income taxes, chark thie hoy Prev 1 2 of 2 Next > 1 + 3 4 5 State and local taxes. Taxes You Paid a State and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line 5a, but not both. If you elect to include general sales taxes instead of income taxes, check this box b State and local real estate taxes (see instructions) c State and local personal property taxes d Add lines 5a through 5c e Enter the smaller of line 5d or $10,000 ($5,000 if married filing separately) 6 Other taxes. List type and amount Interest You Paid Caution: Your mortgage interest deduction may be Imited (see instruction). 7 Add lines 5e and 6 8 Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions and check this box a Home mortgage interest and points reported to you on Form 1098. See instructions if limited b Home mortgage interest not reported to you on Form 1098. See instructions if limited. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address S of 2 Next 8a 5a 5b 5c 5d 5e 6 + 7 Required information d Mortgage insurance premiums (see instructions). e Add lines 8a through 8d. 9 Investment interest. Attach Form 4952 if required. See instructions 10 Add lines 8e and 9 8d 8e 9 10 11 Gifts to Charity 11 Gifts by cash or check. If you made any gift of $250 or more, see instructions 12 Other than by cash or check. If you made any gift of $250 or more, see instructions. You must attach Form 8283 if over $500 12 13 13 Carryover from prior year 14 Add lines 11 through 13 Caution: If you made a gift and got a benefit for it, see instructions. Casualty and Theft Losses Other 15 Casualty and theft loss(es) from a federally declared disaster (other than net qualified disaster losses). Attach Form 4684 and enter the amount from line 18 of that form. See instructions + 14 14 15 16 Other-from list in instructions. List type and amount Itemized Deductions 16 Total Itemized 17 Add the amounts in the far right column for lines 4 through 16. Also, enter this amount on Form 1040 or 1040-SR, line 12 17 Deductions 18 If you elect to itemize deductions even though they are less than your standard deduction, check this box