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 $500 550 750 MasterCard interest Life insurance (whole life policy) Property taxes on personal residence Blue Cross medical insurance premiums 1,500 250 1 Other medical expenses 800 300 Income tax preparation fee Charitable contributions (in cash) 750 On January 28, 2020, Tsate sold land for $180,000 (basis to sate of $130,000). The land was purchased 6 years ago as an investment. Toate 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: CAN Carded OMB No. 1545-0074 SCHEDULE A Itemized Deductions (Form 1040) Go to www.irs.gov/Schedule for instructions and the latest information. 2020 Attach to Form 1040 or 1040-SR. Department of the Treasury Attachment Caution: If you are claiming a net qualified disaster loss on Form 4684, see the Internal Revenue Service (99) instructions for line 16 Sequence No. 07 Name(s) shown on Form 1040 or 1040-SR Your social security number Tsate kongai 467-98-9784 Caution: Do not include expenses reimbursed or paid by others. Medical 1 Medical and dental expenses (see instructions). 1,050 and 2 Enter amount from Form 1040 or 1040 Dental SR, line 11 2 Expenses 3 Multiply line 2 by 7.5% (0.075) 3 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter-O. Taxes You S State and local taxes. 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 Sa X b State and local real estate taxes (see instructions)....... Sb 1,500 c State and local personal property taxes Sc d Add lines 5a through sc........... 50 e Enter the smaller of line 5d or $10,000 ($5,000 if married filing separately) 5e 6 Other taxes. List type and amount 6 7 Add lines Se and 6. Interest You Paid 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 Form 6252 5 OMB No. 1545-0228 Installment Sale Income Attach to your tax return. Department of the 2020 Use a separate form for each sale or other disposition of property on the installment Treasury Internal Attachment method Revenue Service Go to www.irs.gov/Form6252 for the latest information. Sequence No. 79 Name(s) shown on return Identifying number Tsate kongia 467-98-9784 1 Description of property Land 21 Date acquired (mm/dd/yyyy) 01/28/2014 Date sold (mm/dd/yyyy) 01/28/2020 3 was the property sold to a related party (see instructions) after May 14, 1980? If "No," skip line 4 Yes No 4 Was the property you sold to a related party a marketable security? If "Yes" complete Part III. If "No," complete Part II for the year of sale and the 2 years after the year of sale Yes No Part I Gross Profit and Contract Price. Complete this part for all years of the installment agreement. Selling price including mortgages and other debts. Do not include Interest, whether stated or unstated... 5 6 Mortgages, debts, and other abilities the buyer assumed or took the property subject to see instructions) 7 Subtract Ine 6 from line 5 7 8 Cost or other basis of property sold 8 9 Depreciation allowed or allowable 9 10 Adjusted basis. Subtract line 9 from line 8 10 11 Commissions and other expenses of sale 11 12 Income recapture from Form 4797, Part II (see instruchons). 13 Add lines 10, 11, and 12 13 Subtract line 13 from line 5. If zero or less, don't complete the rest of this form (see instructions) 14 15 If the property described on line 1 above was your main home, enter the amount of your excluded gain (see Instructions). Otherwise, entero 15 16 Gross profit. Subtract line 15 from line 14 16 17 Subtract line 13 from line 6. If zero or less entero 17 Contract nice and line and line 1 6 12 1 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 $500 550 750 MasterCard interest Life insurance (whole life policy) Property taxes on personal residence Blue Cross medical insurance premiums 1,500 250 1 Other medical expenses 800 300 Income tax preparation fee Charitable contributions (in cash) 750 On January 28, 2020, Tsate sold land for $180,000 (basis to sate of $130,000). The land was purchased 6 years ago as an investment. Toate 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: CAN Carded OMB No. 1545-0074 SCHEDULE A Itemized Deductions (Form 1040) Go to www.irs.gov/Schedule for instructions and the latest information. 2020 Attach to Form 1040 or 1040-SR. Department of the Treasury Attachment Caution: If you are claiming a net qualified disaster loss on Form 4684, see the Internal Revenue Service (99) instructions for line 16 Sequence No. 07 Name(s) shown on Form 1040 or 1040-SR Your social security number Tsate kongai 467-98-9784 Caution: Do not include expenses reimbursed or paid by others. Medical 1 Medical and dental expenses (see instructions). 1,050 and 2 Enter amount from Form 1040 or 1040 Dental SR, line 11 2 Expenses 3 Multiply line 2 by 7.5% (0.075) 3 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter-O. Taxes You S State and local taxes. 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 Sa X b State and local real estate taxes (see instructions)....... Sb 1,500 c State and local personal property taxes Sc d Add lines 5a through sc........... 50 e Enter the smaller of line 5d or $10,000 ($5,000 if married filing separately) 5e 6 Other taxes. List type and amount 6 7 Add lines Se and 6. Interest You Paid 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 Form 6252 5 OMB No. 1545-0228 Installment Sale Income Attach to your tax return. Department of the 2020 Use a separate form for each sale or other disposition of property on the installment Treasury Internal Attachment method Revenue Service Go to www.irs.gov/Form6252 for the latest information. Sequence No. 79 Name(s) shown on return Identifying number Tsate kongia 467-98-9784 1 Description of property Land 21 Date acquired (mm/dd/yyyy) 01/28/2014 Date sold (mm/dd/yyyy) 01/28/2020 3 was the property sold to a related party (see instructions) after May 14, 1980? If "No," skip line 4 Yes No 4 Was the property you sold to a related party a marketable security? If "Yes" complete Part III. If "No," complete Part II for the year of sale and the 2 years after the year of sale Yes No Part I Gross Profit and Contract Price. Complete this part for all years of the installment agreement. Selling price including mortgages and other debts. Do not include Interest, whether stated or unstated... 5 6 Mortgages, debts, and other abilities the buyer assumed or took the property subject to see instructions) 7 Subtract Ine 6 from line 5 7 8 Cost or other basis of property sold 8 9 Depreciation allowed or allowable 9 10 Adjusted basis. Subtract line 9 from line 8 10 11 Commissions and other expenses of sale 11 12 Income recapture from Form 4797, Part II (see instruchons). 13 Add lines 10, 11, and 12 13 Subtract line 13 from line 5. If zero or less, don't complete the rest of this form (see instructions) 14 15 If the property described on line 1 above was your main home, enter the amount of your excluded gain (see Instructions). Otherwise, entero 15 16 Gross profit. Subtract line 15 from line 14 16 17 Subtract line 13 from line 6. If zero or less entero 17 Contract nice and line and line 1 6 12 1