Required Information [The following information applies to the questions displayed below.] John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter. Samantha. In 2020. John worked as a computer technician at a local university earning a salary of $152,000. and Sandy worked part time as a receptionist for a law firm earning a salary of $29,000. John also does some Web design work on the side and reported revenues of $4.000 and associated expenses of $750. The Fergusons received $800 in qualified dividends and a $200 refund of their state income taxes. The Fergusons always itemize their deductions, and their itemized deductions were well over the standard deduction amount last year. The Fergusons had qualifying insurance for purposes of the Affordable Care Act (ACA). Use Exhibit 8-9. Tax Rate Schedule. Dividends and Capital Gains Tax Rates 2020 AMT exemption for reference. The Fergusons reported making the following payments during the year: State income taxes of $4.400. Federal tax withholding of $21.000. Alimony payments to John's former wife of $10.000 (divorced on 12/31/2014). Child support payments for John's child with his former wife of $4,100. $12,200 of real property taxes. Sandy was reimbursed $600 for employee business expenses she incurred. She was required to provide documentation for her expenses to her employer. $3.600 to Kid Care day care center for Samantha's care while John and Sandy worked. $14.000 interest on their home mortgage ($400,000 acquisition debt). $3.000 interest on a $40.000 home-equity loan. They used the loan to pay for a family vacation and new car. $15,000 cash charitable contributions to qualified charities. Donation of used furniture to Goodwill. The furniture had a fair market value of $400 and cost $2.000. . Complete pages 1 and 2. Schedule 1. Schedule 2. and Schedule 3 of Form 1040 and Form 6251 for John and Sandy. John and Sandy Ferguson's address is 19010 N.W. 135th Street, Miami, FL 33054. Social security numbers: John (DOB 11/07/1970): 111-11-1111 Sandy (DOB 6/24/1972): 222-22-2222 Samantha (DOB 9/30/2016): 333-33-3333 Alimony recipient: 555-55-5555 EXHIBIT 8-5 2020 AMT Exemptions Filing Status Exemption Phase-Out Begins at This Level of AMTI Married filing jointly Married filing separately Head of household and single $113,400 56.700 72.900 $1,036,800 518,400 518,400 Phase-Out Complete for This Level of AMTI $1,490,400 745.200 810,000 Tax Rates for Net Capital Gains and Qualified Dividends Rate* 0% 15% 20% Married Filing Jointly $0-$80,000 $80,001 - $496,600 $496,601+ Married Filing Separately $0-$40,000 $40,001 - $248,300 $248,301+ Taxable Income Single $0 - $40,000 $40,001 - $441,450 $441,451+ Head of Household SO - $53,600 $53,601 - $469,050 $469,051+ Trusts and Estates SO - $2,650 $2.651 - $13,150 $13.151+ *This rate applies to the net capital gains and qualified dividends that fall within the range of taxable income specified in the table (net capital gains and qualified dividends are included in taxable income last for this purpose). Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over:But not over: The tax is: $ 0 $ 19,750 10% of taxable income $ 19,750 $ 80,250 $1,975 plus 12% of the excess over $19.750 $ 80,250 $171,050 59,235 plus 22% of the excess over $80,250 $171,050 $326,600 $29,211 plus 24% of the excess over $171,050 $326,600 $414,700 566,543 plus 32% of the excess over $326.600 $414,700 $622,050 $94.735 plus 35% of the excess over $414,700 $622,050 $167,307.50 plus 37% of the excess over $622,050 EXHIBIT 8-9 Child and Dependent Care Credit Percentage If AGI is over But not over Then the percentage is S 0 $15,000 35% 15,000 17,000 34 17.000 19,000 33 19,000 21,000 32 21,000 23,000 31 23,000 25,000 30 25,000 27.000 29 27,000 29,000 28 29.000 31,000 27 31,000 33,000 26 33.000 35.000 25 35,000 37,000 24 37.000 39.000 23 39.000 41.000 22 41,000 43,000 21 43.000 No limit 20 Source: Source: Internal Revenue Code. "$ 21. Expenses For Household And Dependent Care Services Necessary For Gainful Employment. 1040 for a couple Married Filing Jointly with two dependents. 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule 3 6251 PG 1 Page 1 of Form 1040. Use provided information and follow instructions on form. Form 1040 - U.S. Individual Income Tax Return | 2019 OMB No. 1545-0074 IRS Use Only - Do not write in this space Filling Status Single Married fling jointly Married filing separately (MFS) Head of household (HOH) Qualifying widower) (OW) Check only If you checked the MFS box, enter the name of spouse. If you checked the HOH Or Ow box, enter the child's name if the qualifying person is a chid but not your dependent Your first name and middle initial Last name Your social security number (Entar as XX--XX) John Ferguson 111-11-1111 ano box If joint retum, spouse's first name and middle initial Last name Sandy Ferguson Home address (number and street). If you have a P.O.box, see instructions 19010 NW 135th Street, 222-22-2222 Precidential Election Campaign Apt.no City, town or post office, state and ZIP code. If you have a foreign address, also complete spaces below (see instructions). Miami, FL 33054 Foreign country name Foreign provincestate county Foreign postal code Check here if you, or your spouse ning jointly want $3 to go to this fund. Checking a box below will not change your tax or refund. You Bpouse If more than four dependents, see instructions and here Someone can Btandard You as a dependent Your spouse as a dependent claim: Deduction Spouse tomizes on a separate return or you were a dual status alien Age Blindness You: Were born before January 2, 1956 Are blind Bpouce: Was born before January 2, 1956 Is blind Dependentes instructions: (2) Social security number (3) Relationship to you (4) / If qualities for instructions: Crodt for other (1) First name Last name (Enters XXX) Child tax credit dependents Samantha Ferguson 333-33-3333 Daughter 1 Wages, salaries, tips, etc. Attach Formis) W-2 1 181,000 2a Tax-exemptintores 2a 0 2b 0 3a Qualified dividends 800 Taxable interest. Attach Sch. Bit required Ordinary dividends. Attach Sch Brequired Taxable amount 800 4a IRA distributions 0 0 Pensions and annuities 0 Taxable amount 0 Sa Social security benefits 0 Taxable amount Sb 0 6 Capital gain or loss. Attach Schedule Dif required. If not required, check here 0 Standard Deduction for - Single or Married fling separately, $12,200 Married ning jointly or Ollying widowani $24,400 - Head of household, $18,250 you checked any bax under Standard Deduction, 7a Other income from Schedule 1, line 9 7 3.450 Add lines 1, 2, 3, 46, 4, 5, 6, and 7a. This is your total income 7b 185,250 Ba Adjustments to income from Schedule 1. line 22 10.044 b Subtract line Ba from line. This is your adjusted gross income 175,208 9 Standard deduction or itemized deductions from Schedule A) 39,400 10 Qualified business income deduction. Attach Form 1996 or Form 1996-A 10 0 % instructions 110 Add lines 9 and 10 11a 39,400 135,808 Taxable income. Subtract line 11a from line 8b 11b 1040 for a couple Married Filing Jointly with two dependents. 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule 3 6251 PG 1 Page 2 of Form 1040. Some information does not carry over from Page 1. Form 1040 120191 111-11-1111 Page 2 0 12a 1 12b 0 1241 2.000 13b 2,000 0 % 14 15 87 16 87 21,000 17 18a you have a quallying child attach Sch. EC you have nontaxable combat pays Instructions. John Ferguson Sandy Ferguson 12a Tax (sce inst. Check if any from Formis (1) 8814 12) 4972 (3) Add Schedule 2. line 3, and line 12a and enter the total 13a Child tax credit or credit for other dependents Add Schedule 3. line 7, and line 13a and enter the total 14 Subtract line 13b from line 12b. It zero or less, enter-O- 15 Other taxes, including set-employment tax from Schedule 2, line 10 16 Add Ines 14 and 15. This is your total tax 17 Federal income tax withheld from ms W-2 and 1099 18 Other payments and refundable credits: a Eamed income credit (EC) Additional child tax credit. Attach Schedule 8812 C American opportunity credit from Fom 8863, lines d Schedule 3. ine 14 Add lines 18a through 18d. These are your total other payments and refundable credits 19 Add Ines 17 and 18. These are your total payments 20 if line 19 more than line 16, subtract line 16 from line 19. This is the amount you overpaid 21a Amount of line 20 you want refunded to you. If Farm 8888 is attached, check | here Rouling number 0 Type: Checking d Account number 0 22 Amount of line 20 you want applied to your 2020 estimated tax 23 Amount you owe Subtract line 19 from ine 16. For details on how to pay, so instructions 24 Estimated tax penalty (see instructions 18 olololo 18c 18d 180 19 0 21,000 0 % 20 Refund 21a Saving Direct dapat? Son instructions 22 10 23 0 24 Do you want to alow another person (other than your paid preparer) to discuss this return with the IRS? See instructions Yes. Complete below No Amount You Owe Third Party Designee Other than paid preparar Sign Here Designs Phone Personal identification nama no. number (PIN) Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief they are true, corect, and complete. Declaration of preparer (ather than taxpayer) is based on all information of which preparer has any knowledge Your signature Date Your occupation If the IRS sent you an identity Protection PIN, enter there soins. Date If the IRS Set your spouse an Spouse's signature. If a joint return, both must sign. Spouse's occupation Identity Protection PIN, antar it here se inst. Joint return? BOD Instructions Keep a copy for your reoorde. Phone no Emal address Preparer's nama Preparar's signature Date PTIN Check 3rd Party Paid Design Preparer Phone no Sait-employed Firm's name Use Only Firm's EN Firm's address Form 1040 (2016) Go to www.irs.gov/Form1040 for instructions and the latest information THIB FORM 18 A SIMULATION OF AN OFFICIAL U.B. TAX FORM. IT IS NOT THE OFFICIAL FORMIT BELF. DO NOT USE THIS FORM FOR TAX FILING B OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL 2020 M Grow.HU Education 1040 for a couple Married Filing Jointly with two dependents. 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule 3 6251 PG 1 Schedule 3 of Form 1040. Additional Credits and Payments OMB No 1545-0074 SCHEDULE 3 (Form 1040 or 1040- SR) Department of the Treasury Internal Revenue Service Name(s) shown on Fam 1040 or 1040-SR 2019 Attach to Form 1040 or 1040-3R. Go to www.lrs.gov/Form 1040 for Instruction and the latest Information Attachment Sequence No. 03 Your social security number John Ferguson Sandy Ferguson 111-11-1111 1 0 Partl Nonrefundable Credits 1 Foreign tax credit. Attach Form 1116 if required 2 Credit for child and dependent care expenses. Attach For 2441 3 Education credits from Form 8863, line 19 4 Retirement savings contributions credit. Attach Form 380 6 Residential energy credit. Attach Form 5695 8 Other credits from Form: a 3800 b8801 7 Add lines through G. Enter here and include an Form 1040 or 1040-SR, ine 13 2 3 4 5 0 % 0 0 0 6 0 7 0 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule 3 6251 PG 1 Form 6251 Alternative Minimum Tax-Individual OMB No. 1545-0074 2019 Attachment Sequence No. 32 Your coolal cecurity number 111-11-1111 1 0 0 d 20 20 m 0 2p 29 2r G Department of the Treasury Bo to www.lrs.gov/Forms281 for inctructions and the latact Information. Internal Revenue Service (99) Attach to Form 1040 or Form 1040NR. Name(s) shown on Form 1040 or Form 1040NR John and Sandy Ferguson Part 1 Alternative Minimum Taxable income (See instructions for how to complete each line.) 1 Enter the amount from Form 1040 or 1040-SR, line 11b, if more than zero. If Farm 1040 ar 1040-SR line 11b, is zero, subtract lines 9 and 10 of Form 1040 ar 1040-SR from Ine Sb of Form 1040 or 1040-SR and enter the result here. (If less than zero, enter as a negative amount.) 2 If filing Schedule A [Form 1040 or 1040-SR). enter the taxes from Schedule A, line 7 otherwise, enter the amount from Form 1040 1040-SR, in b Tax refund from Schedule 1 (Form 1040 or 1040-SR), line 1 or line 8 0 Investment interest expense (difference between regular tax and AMT) Depletion Difference between regular tax and AMT) Net operating loss deduction from Schedule 1 (Form 1040 or 1040-SR), line 8. Enter as a positive amount f Alternative tax net operating loss deduction. Interest from specified private activity bonds exempt from the regular tax Qualified small business stock, so instructions 1 Exercise of incentivestock options (excess of AMT income over regular tax income Estates and trusts (amount from Schedule K-1 (Form 1041), bax 12, code A) K Disposition of property Difference between AMT and regular tax gain or loss) 1 Depreciation on assets placed in service after 1986 Derence between regular tax and AMT) Passive activities (difference between AMT and regular tax income or loss) Loss limitations difference between AMT and regular tax income or loss) Circulation costs (difference between regular tax and AMT) P Long-term contracts (cifference between AMT and regular tax income) Mining costs (difference between regular tax and AMT) Research and experimental costs difference between regular tax and AMT) Income from certain installment sales before January 1, 1987 t Intangible drilling costs preference Other adjustments, including income-based related adjustments Alternative minimum taxable income. Combine lines 1 through 3. (If married fling separately and line 4 is more than $733,700, see instructions. $718,800, see instructions. Part II Alternative Minimum Tax (AMT) Exemption. (If you were under age 24 at the end of 2019, se instructions.) IF your filing status ... AND line 4 Is not THEN enter on line over... 5... Single or head of household 5 510,300 s 71,700 Married fling jointly or qualifying 1,020,600 111,700 widowiari Married fling separately 510,300 55,850 If line 4 is over the amount shown above for your fling status, see instructions. Subtract line 5 from line 4. If more than zero, go to line 7. zero or less, enter-O- here and on lines 7, 9, and 11, and go to Ine 10 . you are filing Fom 2555, see instructions for the amount to enter. . If you reported capital gain distributions directly on Form 1040 or 1040-SR, line 6; you reported qualified dividends on Form 1040 or 1040-SR, line 3a; or you had again on both lines 15 and 16 of Schedule D Form 1040 or 1040-SR (refigured for the AMT, if necessary, complete Partill on the back and enter the amount from line 40 here. All others: Itine is $194,000 or less ($97.400 or less if married filling separately), multiply line 6 by 26% (0.26). Otherwise, multiply line 6 by 28% (0.28) and subtract 53.896 ($1.948 married filling separately from the result Alternative minimum tax foreign tax credit (see instructions) Tentative minimum tax. Subtract line from line 7 10 Add Form 1040 or 1040-SR, Ine 12 minus any tax from Form 4972), and Schedule 2 (Form 1040 or 1040-SR), Ine 2. Subtract Subtract from the result any foreign tax credit from Schedule 3 (Form 1040 or 1040-SR), line 1. If you used Schedule to figure your tax on Form 1040 or 1040-SR, Ine 12, refigure that tax without using Schedule before completing this line (sco instructions) 11 AMT. Subtractine 10 from line 9. If zero or loss, enter -- Enter here and on Schedule 2 (Form 1040 or 1040-SR), line 1 4 0 0 0 10 ole 11 Required Information [The following information applies to the questions displayed below.] John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter. Samantha. In 2020. John worked as a computer technician at a local university earning a salary of $152,000. and Sandy worked part time as a receptionist for a law firm earning a salary of $29,000. John also does some Web design work on the side and reported revenues of $4.000 and associated expenses of $750. The Fergusons received $800 in qualified dividends and a $200 refund of their state income taxes. The Fergusons always itemize their deductions, and their itemized deductions were well over the standard deduction amount last year. The Fergusons had qualifying insurance for purposes of the Affordable Care Act (ACA). Use Exhibit 8-9. Tax Rate Schedule. Dividends and Capital Gains Tax Rates 2020 AMT exemption for reference. The Fergusons reported making the following payments during the year: State income taxes of $4.400. Federal tax withholding of $21.000. Alimony payments to John's former wife of $10.000 (divorced on 12/31/2014). Child support payments for John's child with his former wife of $4,100. $12,200 of real property taxes. Sandy was reimbursed $600 for employee business expenses she incurred. She was required to provide documentation for her expenses to her employer. $3.600 to Kid Care day care center for Samantha's care while John and Sandy worked. $14.000 interest on their home mortgage ($400,000 acquisition debt). $3.000 interest on a $40.000 home-equity loan. They used the loan to pay for a family vacation and new car. $15,000 cash charitable contributions to qualified charities. Donation of used furniture to Goodwill. The furniture had a fair market value of $400 and cost $2.000. . Complete pages 1 and 2. Schedule 1. Schedule 2. and Schedule 3 of Form 1040 and Form 6251 for John and Sandy. John and Sandy Ferguson's address is 19010 N.W. 135th Street, Miami, FL 33054. Social security numbers: John (DOB 11/07/1970): 111-11-1111 Sandy (DOB 6/24/1972): 222-22-2222 Samantha (DOB 9/30/2016): 333-33-3333 Alimony recipient: 555-55-5555 EXHIBIT 8-5 2020 AMT Exemptions Filing Status Exemption Phase-Out Begins at This Level of AMTI Married filing jointly Married filing separately Head of household and single $113,400 56.700 72.900 $1,036,800 518,400 518,400 Phase-Out Complete for This Level of AMTI $1,490,400 745.200 810,000 Tax Rates for Net Capital Gains and Qualified Dividends Rate* 0% 15% 20% Married Filing Jointly $0-$80,000 $80,001 - $496,600 $496,601+ Married Filing Separately $0-$40,000 $40,001 - $248,300 $248,301+ Taxable Income Single $0 - $40,000 $40,001 - $441,450 $441,451+ Head of Household SO - $53,600 $53,601 - $469,050 $469,051+ Trusts and Estates SO - $2,650 $2.651 - $13,150 $13.151+ *This rate applies to the net capital gains and qualified dividends that fall within the range of taxable income specified in the table (net capital gains and qualified dividends are included in taxable income last for this purpose). Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over:But not over: The tax is: $ 0 $ 19,750 10% of taxable income $ 19,750 $ 80,250 $1,975 plus 12% of the excess over $19.750 $ 80,250 $171,050 59,235 plus 22% of the excess over $80,250 $171,050 $326,600 $29,211 plus 24% of the excess over $171,050 $326,600 $414,700 566,543 plus 32% of the excess over $326.600 $414,700 $622,050 $94.735 plus 35% of the excess over $414,700 $622,050 $167,307.50 plus 37% of the excess over $622,050 EXHIBIT 8-9 Child and Dependent Care Credit Percentage If AGI is over But not over Then the percentage is S 0 $15,000 35% 15,000 17,000 34 17.000 19,000 33 19,000 21,000 32 21,000 23,000 31 23,000 25,000 30 25,000 27.000 29 27,000 29,000 28 29.000 31,000 27 31,000 33,000 26 33.000 35.000 25 35,000 37,000 24 37.000 39.000 23 39.000 41.000 22 41,000 43,000 21 43.000 No limit 20 Source: Source: Internal Revenue Code. "$ 21. Expenses For Household And Dependent Care Services Necessary For Gainful Employment. 1040 for a couple Married Filing Jointly with two dependents. 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule 3 6251 PG 1 Page 1 of Form 1040. Use provided information and follow instructions on form. Form 1040 - U.S. Individual Income Tax Return | 2019 OMB No. 1545-0074 IRS Use Only - Do not write in this space Filling Status Single Married fling jointly Married filing separately (MFS) Head of household (HOH) Qualifying widower) (OW) Check only If you checked the MFS box, enter the name of spouse. If you checked the HOH Or Ow box, enter the child's name if the qualifying person is a chid but not your dependent Your first name and middle initial Last name Your social security number (Entar as XX--XX) John Ferguson 111-11-1111 ano box If joint retum, spouse's first name and middle initial Last name Sandy Ferguson Home address (number and street). If you have a P.O.box, see instructions 19010 NW 135th Street, 222-22-2222 Precidential Election Campaign Apt.no City, town or post office, state and ZIP code. If you have a foreign address, also complete spaces below (see instructions). Miami, FL 33054 Foreign country name Foreign provincestate county Foreign postal code Check here if you, or your spouse ning jointly want $3 to go to this fund. Checking a box below will not change your tax or refund. You Bpouse If more than four dependents, see instructions and here Someone can Btandard You as a dependent Your spouse as a dependent claim: Deduction Spouse tomizes on a separate return or you were a dual status alien Age Blindness You: Were born before January 2, 1956 Are blind Bpouce: Was born before January 2, 1956 Is blind Dependentes instructions: (2) Social security number (3) Relationship to you (4) / If qualities for instructions: Crodt for other (1) First name Last name (Enters XXX) Child tax credit dependents Samantha Ferguson 333-33-3333 Daughter 1 Wages, salaries, tips, etc. Attach Formis) W-2 1 181,000 2a Tax-exemptintores 2a 0 2b 0 3a Qualified dividends 800 Taxable interest. Attach Sch. Bit required Ordinary dividends. Attach Sch Brequired Taxable amount 800 4a IRA distributions 0 0 Pensions and annuities 0 Taxable amount 0 Sa Social security benefits 0 Taxable amount Sb 0 6 Capital gain or loss. Attach Schedule Dif required. If not required, check here 0 Standard Deduction for - Single or Married fling separately, $12,200 Married ning jointly or Ollying widowani $24,400 - Head of household, $18,250 you checked any bax under Standard Deduction, 7a Other income from Schedule 1, line 9 7 3.450 Add lines 1, 2, 3, 46, 4, 5, 6, and 7a. This is your total income 7b 185,250 Ba Adjustments to income from Schedule 1. line 22 10.044 b Subtract line Ba from line. This is your adjusted gross income 175,208 9 Standard deduction or itemized deductions from Schedule A) 39,400 10 Qualified business income deduction. Attach Form 1996 or Form 1996-A 10 0 % instructions 110 Add lines 9 and 10 11a 39,400 135,808 Taxable income. Subtract line 11a from line 8b 11b 1040 for a couple Married Filing Jointly with two dependents. 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule 3 6251 PG 1 Page 2 of Form 1040. Some information does not carry over from Page 1. Form 1040 120191 111-11-1111 Page 2 0 12a 1 12b 0 1241 2.000 13b 2,000 0 % 14 15 87 16 87 21,000 17 18a you have a quallying child attach Sch. EC you have nontaxable combat pays Instructions. John Ferguson Sandy Ferguson 12a Tax (sce inst. Check if any from Formis (1) 8814 12) 4972 (3) Add Schedule 2. line 3, and line 12a and enter the total 13a Child tax credit or credit for other dependents Add Schedule 3. line 7, and line 13a and enter the total 14 Subtract line 13b from line 12b. It zero or less, enter-O- 15 Other taxes, including set-employment tax from Schedule 2, line 10 16 Add Ines 14 and 15. This is your total tax 17 Federal income tax withheld from ms W-2 and 1099 18 Other payments and refundable credits: a Eamed income credit (EC) Additional child tax credit. Attach Schedule 8812 C American opportunity credit from Fom 8863, lines d Schedule 3. ine 14 Add lines 18a through 18d. These are your total other payments and refundable credits 19 Add Ines 17 and 18. These are your total payments 20 if line 19 more than line 16, subtract line 16 from line 19. This is the amount you overpaid 21a Amount of line 20 you want refunded to you. If Farm 8888 is attached, check | here Rouling number 0 Type: Checking d Account number 0 22 Amount of line 20 you want applied to your 2020 estimated tax 23 Amount you owe Subtract line 19 from ine 16. For details on how to pay, so instructions 24 Estimated tax penalty (see instructions 18 olololo 18c 18d 180 19 0 21,000 0 % 20 Refund 21a Saving Direct dapat? Son instructions 22 10 23 0 24 Do you want to alow another person (other than your paid preparer) to discuss this return with the IRS? See instructions Yes. Complete below No Amount You Owe Third Party Designee Other than paid preparar Sign Here Designs Phone Personal identification nama no. number (PIN) Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief they are true, corect, and complete. Declaration of preparer (ather than taxpayer) is based on all information of which preparer has any knowledge Your signature Date Your occupation If the IRS sent you an identity Protection PIN, enter there soins. Date If the IRS Set your spouse an Spouse's signature. If a joint return, both must sign. Spouse's occupation Identity Protection PIN, antar it here se inst. Joint return? BOD Instructions Keep a copy for your reoorde. Phone no Emal address Preparer's nama Preparar's signature Date PTIN Check 3rd Party Paid Design Preparer Phone no Sait-employed Firm's name Use Only Firm's EN Firm's address Form 1040 (2016) Go to www.irs.gov/Form1040 for instructions and the latest information THIB FORM 18 A SIMULATION OF AN OFFICIAL U.B. TAX FORM. IT IS NOT THE OFFICIAL FORMIT BELF. DO NOT USE THIS FORM FOR TAX FILING B OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL 2020 M Grow.HU Education 1040 for a couple Married Filing Jointly with two dependents. 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule 3 6251 PG 1 Schedule 3 of Form 1040. Additional Credits and Payments OMB No 1545-0074 SCHEDULE 3 (Form 1040 or 1040- SR) Department of the Treasury Internal Revenue Service Name(s) shown on Fam 1040 or 1040-SR 2019 Attach to Form 1040 or 1040-3R. Go to www.lrs.gov/Form 1040 for Instruction and the latest Information Attachment Sequence No. 03 Your social security number John Ferguson Sandy Ferguson 111-11-1111 1 0 Partl Nonrefundable Credits 1 Foreign tax credit. Attach Form 1116 if required 2 Credit for child and dependent care expenses. Attach For 2441 3 Education credits from Form 8863, line 19 4 Retirement savings contributions credit. Attach Form 380 6 Residential energy credit. Attach Form 5695 8 Other credits from Form: a 3800 b8801 7 Add lines through G. Enter here and include an Form 1040 or 1040-SR, ine 13 2 3 4 5 0 % 0 0 0 6 0 7 0 1040 PG 1 1040 PG 2 Schedule 1 Schedule 2 Schedule 3 6251 PG 1 Form 6251 Alternative Minimum Tax-Individual OMB No. 1545-0074 2019 Attachment Sequence No. 32 Your coolal cecurity number 111-11-1111 1 0 0 d 20 20 m 0 2p 29 2r G Department of the Treasury Bo to www.lrs.gov/Forms281 for inctructions and the latact Information. Internal Revenue Service (99) Attach to Form 1040 or Form 1040NR. Name(s) shown on Form 1040 or Form 1040NR John and Sandy Ferguson Part 1 Alternative Minimum Taxable income (See instructions for how to complete each line.) 1 Enter the amount from Form 1040 or 1040-SR, line 11b, if more than zero. If Farm 1040 ar 1040-SR line 11b, is zero, subtract lines 9 and 10 of Form 1040 ar 1040-SR from Ine Sb of Form 1040 or 1040-SR and enter the result here. (If less than zero, enter as a negative amount.) 2 If filing Schedule A [Form 1040 or 1040-SR). enter the taxes from Schedule A, line 7 otherwise, enter the amount from Form 1040 1040-SR, in b Tax refund from Schedule 1 (Form 1040 or 1040-SR), line 1 or line 8 0 Investment interest expense (difference between regular tax and AMT) Depletion Difference between regular tax and AMT) Net operating loss deduction from Schedule 1 (Form 1040 or 1040-SR), line 8. Enter as a positive amount f Alternative tax net operating loss deduction. Interest from specified private activity bonds exempt from the regular tax Qualified small business stock, so instructions 1 Exercise of incentivestock options (excess of AMT income over regular tax income Estates and trusts (amount from Schedule K-1 (Form 1041), bax 12, code A) K Disposition of property Difference between AMT and regular tax gain or loss) 1 Depreciation on assets placed in service after 1986 Derence between regular tax and AMT) Passive activities (difference between AMT and regular tax income or loss) Loss limitations difference between AMT and regular tax income or loss) Circulation costs (difference between regular tax and AMT) P Long-term contracts (cifference between AMT and regular tax income) Mining costs (difference between regular tax and AMT) Research and experimental costs difference between regular tax and AMT) Income from certain installment sales before January 1, 1987 t Intangible drilling costs preference Other adjustments, including income-based related adjustments Alternative minimum taxable income. Combine lines 1 through 3. (If married fling separately and line 4 is more than $733,700, see instructions. $718,800, see instructions. Part II Alternative Minimum Tax (AMT) Exemption. (If you were under age 24 at the end of 2019, se instructions.) IF your filing status ... AND line 4 Is not THEN enter on line over... 5... Single or head of household 5 510,300 s 71,700 Married fling jointly or qualifying 1,020,600 111,700 widowiari Married fling separately 510,300 55,850 If line 4 is over the amount shown above for your fling status, see instructions. Subtract line 5 from line 4. If more than zero, go to line 7. zero or less, enter-O- here and on lines 7, 9, and 11, and go to Ine 10 . you are filing Fom 2555, see instructions for the amount to enter. . If you reported capital gain distributions directly on Form 1040 or 1040-SR, line 6; you reported qualified dividends on Form 1040 or 1040-SR, line 3a; or you had again on both lines 15 and 16 of Schedule D Form 1040 or 1040-SR (refigured for the AMT, if necessary, complete Partill on the back and enter the amount from line 40 here. All others: Itine is $194,000 or less ($97.400 or less if married filling separately), multiply line 6 by 26% (0.26). Otherwise, multiply line 6 by 28% (0.28) and subtract 53.896 ($1.948 married filling separately from the result Alternative minimum tax foreign tax credit (see instructions) Tentative minimum tax. Subtract line from line 7 10 Add Form 1040 or 1040-SR, Ine 12 minus any tax from Form 4972), and Schedule 2 (Form 1040 or 1040-SR), Ine 2. Subtract Subtract from the result any foreign tax credit from Schedule 3 (Form 1040 or 1040-SR), line 1. If you used Schedule to figure your tax on Form 1040 or 1040-SR, Ine 12, refigure that tax without using Schedule before completing this line (sco instructions) 11 AMT. Subtractine 10 from line 9. If zero or loss, enter -- Enter here and on Schedule 2 (Form 1040 or 1040-SR), line 1 4 0 0 0 10 ole 11
