Tax Return information:

Ron Burgundy and Veronica 650 Fire Lane Proxy, NC 55666

Ron works for a studio as a Production Manager: Salary $80,000 Federal Income Tax Withheld: $5,000

Veronica is self-employed as a manager for artists

Her Business information (Schedule C): Business Name & Address: Veronica's Consulting (Her first year) 300 Rocky RD Proxy, NC 55666

Revenue generated: $40,320 Expenses: Advertising: $4,500 Insurance (other than health): $4,000 Supplies: $1,700 Repairs: $3,200 Utilities: $6,400 Telephone: $1,550 Licenses: $2,200 Rent: $12,000 Deductible Travel (not including meals): $2,500 Total Meals: $500 Professional Services: $800 Commission & Fees: $1,000

Ron and Veronica have a residential rental property (Schedule E): Property Location: 566 Rocky RD

Proxy, NC 55666

Rent Received: $12,000 Expenses: Utilities: $2,000 Repairs: $825 Insurance: $600 Advertising: $360 Real Estate Taxes: $2,500 The home is fully depreciated

Itemize Deduction Info (Schedule A): Out of pocket medical expenses: $4,000 Actual Sales Tax Paid: $3,200 Mortgage Interest: $16,000 Real Estate Taxes: $3,000 Cash Contributions: Church: $7,000 Girl Scouts of America: $1,000 American Heart Association: $1,000

Please prepare Ron and Veronica's 2020 Federal Tax Return.

Use Schedule 1, E, Form 8582, A, and 4864 as needed.