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Tsate Kongia (birthdate 02/14/1954) is an unmarried high school principal. Tsate received the following tax documents (which are located on separate tabs in the problem):

Tsate Kongia (birthdate 02/14/1954) is an unmarried high school principal. Tsate received the following tax documents (which are located on separate tabs in the problem):

  • W-2 Form
  • Form 1099-INT
  • Form 1099-DIV
  • Form 1099-B

During the year, Tsate paid the following amounts (all of which can be substantiated):

Home mortgage interest reported on Form 1098 (not shown) $9,600
KS state income tax payment for 2019 $500
MasterCard interest 550
Life insurance (whole life policy) 750
Property taxes on personal residence 1,500
Blue Cross medical insurance premiums 250
Other medical expenses 800
Income tax preparation fee 300
Charitable contributions (in cash) 750

On January 28, 2020, Tsate sold land for $180,000 (basis to Tsate of $130,000). The land was purchased 6 years ago as an investment. Tsate received $50,000 as a down payment and the buyer's 10-year note for $130,000. The note is payable at the rate of $13,000 per year plus 8 percent interest. On December 31, 2020, the first of the ten principal and interest payments was received by Tsate.

Tsate also helps support his father, Jay Hawke, who lives in a nearby senior facility. Jay's Social Security number is 433-33-2121. Tsate provides over one-half of Jay's support but Jay also has a pension that paid him income of $14,000 in 2020. His Social Security benefits were $3,200 in 2020. Tsate received a $1,200 EIP in 2020.

Required: Complete Tsate's Form 1040-SR, Schedules A, B and D, Form 8949, Form 6252 and Qualified Dividends and Capital Gain Tax Worksheet.

  • Make realistic assumptions about any missing data.
  • She had health care coverage for the entire year and does not want to make a contribution to the presidential election campaign.
  • Enter all amounts as positive numbers, except for a "loss". If required, enter a "loss" as a negative number on the tax form.
  • If an amount box does not require an entry or the answer is zero, enter "0".

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