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Thank you in advance!!!! PLEASE DO NOT COPY OTHER ANSWERS IN CHEGG- THIS IS BASED OFF A 2020 1040 TAX FORM!!!!!!! 1. How to calculate
Thank you in advance!!!!
PLEASE DO NOT COPY OTHER ANSWERS IN CHEGG- THIS IS BASED OFF A 2020 1040 TAX FORM!!!!!!! 1. How to calculate and post the investment of $10,000 with a loss of $8,000 with in the same year. He was not a material participant. 2. How to calculate and post the $3000 paid on the IRA and where it goes on the 2020 1040 tax form. 2020 TAX FORM Assume that gross income is $172,900 (which consists only of salary) for purposes of this problem. December 31, 2021 Hi, it's Shady Slim again. I just got back from my 55th birthday party, and I'm told that you need some more information from me in order to complete my tax return. I'm an open book! I'll tell you whatever I think you need to know. Thad to move this year after getting my job at Roca Cola. I moved on February 3 of this year, and I worked my job at Roca Cola for the rest of the year. I still live in the same state, but I moved 500 miles away from my old house. I hired a moving company to move my stuff at a cost of $2,300, and I drove in my car. I got a hotel room along the way that cost us $65 (I love Super 8!). Can you believe I'm still paying off my student loans, even after 15 years? I paid a total of $900 in interest on my old student loans this year. Since Roca Coca (my employer) never started a retirement plan, decided I should probably start saving for my golden years. I contributed $3,000 to what the bank referred to as a regular IRA (or was it a REM?). Oh yeah. I also did a little investing this year. I bought a limited partnership interest in Duds Ltd. for $10,000. I thought it was going to be a real winner, but this year they took a bath. My portion of the loss was $8,000. Well, at least I did not actually do any work for Duds, and I get the tax deduction - right? That should be all the information you need right now. b-1. Complete page 1 of Form 1040 (through line 8b) and Schedule 1 (Use 2020 tax rules regardless of year on the form.) PLEASE DO NOT COPY OTHER ANSWERS IN CHEGG- THIS IS BASED OFF A 2020 1040 TAX FORM!!!!!!! 1. How to calculate and post the investment of $10,000 with a loss of $8,000 with in the same year. He was not a material participant. 2. How to calculate and post the $3000 paid on the IRA and where it goes on the 2020 1040 tax form. 2020 TAX FORM Assume that gross income is $172,900 (which consists only of salary) for purposes of this problem. December 31, 2021 Hi, it's Shady Slim again. I just got back from my 55th birthday party, and I'm told that you need some more information from me in order to complete my tax return. I'm an open book! I'll tell you whatever I think you need to know. Thad to move this year after getting my job at Roca Cola. I moved on February 3 of this year, and I worked my job at Roca Cola for the rest of the year. I still live in the same state, but I moved 500 miles away from my old house. I hired a moving company to move my stuff at a cost of $2,300, and I drove in my car. I got a hotel room along the way that cost us $65 (I love Super 8!). Can you believe I'm still paying off my student loans, even after 15 years? I paid a total of $900 in interest on my old student loans this year. Since Roca Coca (my employer) never started a retirement plan, decided I should probably start saving for my golden years. I contributed $3,000 to what the bank referred to as a regular IRA (or was it a REM?). Oh yeah. I also did a little investing this year. I bought a limited partnership interest in Duds Ltd. for $10,000. I thought it was going to be a real winner, but this year they took a bath. My portion of the loss was $8,000. Well, at least I did not actually do any work for Duds, and I get the tax deduction - right? That should be all the information you need right now. b-1. Complete page 1 of Form 1040 (through line 8b) and Schedule 1 (Use 2020 tax rules regardless of year on the form.)Step by Step Solution
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