Using the following information and complete a Form 1040
John Doe is the chief financial officer of Facebook, located in New York, NY. John has a 10 year old son, Phil, who lives in his home. John is trying to determine how much federal income tax he will owe for 2019. John has the following items of income, gains and losses.
Wages $300,000
Federal income taxes withheld (100,000)
Interest income from Apple corporate bonds 2,000
Dividends from Coca Cola stock 6,000
Alimony under divorce order dated 3/1/2019 12,000
Date acquired Date sold sales price Tax basis
Sale of 100 shares of XYZ stock 4/10/2000 9/15/2020 20,000 24,000
Sale of 120 shares of Walmart stock 2/22/2020 9/18/2020 35,000 30,000
Sale of 150 shares of Microsoft stock 11/14/2016 8/31/2020 64,000 42,000
Sale of 100 shares of New York Giants stock 6/11/2018 8/05/2020 2 10,002
Short term capital loss carryforward 9,000
John Doe will claim the standard deduction in 2020. He is 44 years old.
Assume that John files as unmarried head of household. 
1040 Cu... Individual Income Tax Retum 2019 OMB No. 1545-0074 BS Une Day-Do not write or slepi in this space. Filing Status Single Married filing jointly Married filing separately (MFS) Head of household (HOH) Qualifying widow(er) (QW) Check only one box. If you checked the MFS box, enter the name of spouse. If you checked the HOH or QW box, enter the child's name if the qualifying person is a child but not your dependent Your first name and middle initial Last name Your social security number If joint return, spouse's first name and middle initial Last name Spouse's social security number Home address (number and street). If you have a P.O. box, see instructions. Apt. no. . Presidential Election Campaign Check here if you, or your spouse if filing jointly, want $3 to go to this fund. City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions). Checking a box below will not change your tax or refund. You Spouse Foreign country name Foreign province/state/county Foreign postal code If more than four dependents, see instructions and here Standard Someone can claim: You as a dependent Your spouse as a dependent Deduction Spouse itemizes on a separate return or you were a dual-status alien Age/Blindness You: Were bom before January 2, 1955 Are blind Spouse: Was born before January 2, 1955 Is blind Dependents (see instructions): (2) Social security number (3) Relationship to you (4) if qualifies for (see instructions): (1) First name Last name Child tax credit Credit for other dependents 1 1 2b 3b 4a 4b 4d 5b 6 7a Wages, salaries, tips, etc. Attach Form(s) W-2, 2a Tax-exempt interest. 2a b Taxable interest. Attach Sch. B if required 3a Qualified dividends. 3a Standard b Ordinary dividends. Attach Sch. B if required Deduction for 4a IRA distributions b Taxable amount Single or Married c Pensions and annuities 4c filing separately, d Taxable amount $12,200 5a Social security benefits 5a b Taxable amount Married filing 6 jointly or Qualifying Capital gain or (loss). Attach Schedule D if required. If not required, check here widow(er). $24,400 7a Other income from Schedule 1, line 9. Head of b Add lines 1, 2b, 3b, 4b, 40, 5b, 6, and 7a. This is your total income household, 8 $18,350 Adjustments to income from Schedule 1, line 22 If you checked b Subtract line 8a from line 7b. This is your adjusted gross income any box under 9 Standard Standard deduction or itemized deductions (from Schedule A) 9 9 Deduction, 10 Qualified business income deduction. Attach Form 8995 or Form 8995-A 10 cooinotruction. 11a Add lines 9 and 10. 9 . b Taxable income. Subtract line 11a from line 8b. If zero or less, enter -- For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11320B 7b 8a 8b 11a 11b Form 1040 (2019) Page 2 12a 12b 13a 13b 14 14 15 17 qualifying child, 18a 18b nontaxable combat pay, see 18c 18d 18e A 19 Form 1040 (2019) Tax (see inst.) Check if any from Form(s): 1 8814 2 4972 3 12a b Add Schedule 2, line 3, and line 12a and enter the total 13a Child tax credit or credit for other dependents b Add Schedule 3, line 7, and line 13a and enter the total Subtract line 13b from line 12b. If zero or less, enter-O- 15 Other taxes, including self-employment tax, from Schedule 2, line 10 16 Add lines 14 and 15. This is your total tax . 16 17 Federal income tax withheld from Forms W-2 and 1099 18 If you have a Other payments and refundable credits: Earned income credit (EIC) attach Sch. EIC. . If you have b Additional child tax credit. Attach Schedule 8812 c American opportunity credit from Form 8863, line 8 instructions. d Schedule 3, line 14 .. e Add lines 18a through 18d. These are your total other payments and refundable credits 19 Add lines 17 and 18e. These are your total payments Refund 20 If line 19 is more than line 16, subtract line 16 from line 19. This is the amount you overpaid 20 21a Amount of line 20 you want refunded to you. If Form 8888 is attached, check here 21a Direct deposit? Routing number c Type: Checking Savings See instructions. d Account number 22 Amount of line 20 you want applied to your 2020 estimated tax . 22 Amount 23 Amount you owe. Subtract line 19 from line 16. For details on how to pay, see instructions You Owe 24 Estimated tax penalty (see instructions). 24 Third Party Do you want to allow another person (other than your paid preparer) to discuss this return with the IRS? See instructions. Yes. Complete below. Designee No Designee's Phone Personal identification paid preparer) name no. number (PIN) Sign 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, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Here Your signature Date Your occupation If the IRS sent you an Identity Protection PIN, enter it here Joint return? (see inst.) See instructions. Spouse's signature. If a joint return, both must sign. Date Spouse's occupation If the IRS sent your spouse an Keep a copy for Identity Protection PIN, enter it here your records. (see inst.) Phone no. Email address Preparer's name Preparer's signature Date PTIN Check it: Paid 3rd Party Designee Preparer Firm's name Phone no. Use Only Self-employed Firm's address Firm's EIN Go to www.irs.gov/Form1040 for instructions and the latest information Form 1040 (2019) 23 (Other than 1040 Cu... Individual Income Tax Retum 2019 OMB No. 1545-0074 BS Une Day-Do not write or slepi in this space. Filing Status Single Married filing jointly Married filing separately (MFS) Head of household (HOH) Qualifying widow(er) (QW) Check only one box. If you checked the MFS box, enter the name of spouse. If you checked the HOH or QW box, enter the child's name if the qualifying person is a child but not your dependent Your first name and middle initial Last name Your social security number If joint return, spouse's first name and middle initial Last name Spouse's social security number Home address (number and street). If you have a P.O. box, see instructions. Apt. no. . Presidential Election Campaign Check here if you, or your spouse if filing jointly, want $3 to go to this fund. City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions). Checking a box below will not change your tax or refund. You Spouse Foreign country name Foreign province/state/county Foreign postal code If more than four dependents, see instructions and here Standard Someone can claim: You as a dependent Your spouse as a dependent Deduction Spouse itemizes on a separate return or you were a dual-status alien Age/Blindness You: Were bom before January 2, 1955 Are blind Spouse: Was born before January 2, 1955 Is blind Dependents (see instructions): (2) Social security number (3) Relationship to you (4) if qualifies for (see instructions): (1) First name Last name Child tax credit Credit for other dependents 1 1 2b 3b 4a 4b 4d 5b 6 7a Wages, salaries, tips, etc. Attach Form(s) W-2, 2a Tax-exempt interest. 2a b Taxable interest. Attach Sch. B if required 3a Qualified dividends. 3a Standard b Ordinary dividends. Attach Sch. B if required Deduction for 4a IRA distributions b Taxable amount Single or Married c Pensions and annuities 4c filing separately, d Taxable amount $12,200 5a Social security benefits 5a b Taxable amount Married filing 6 jointly or Qualifying Capital gain or (loss). Attach Schedule D if required. If not required, check here widow(er). $24,400 7a Other income from Schedule 1, line 9. Head of b Add lines 1, 2b, 3b, 4b, 40, 5b, 6, and 7a. This is your total income household, 8 $18,350 Adjustments to income from Schedule 1, line 22 If you checked b Subtract line 8a from line 7b. This is your adjusted gross income any box under 9 Standard Standard deduction or itemized deductions (from Schedule A) 9 9 Deduction, 10 Qualified business income deduction. Attach Form 8995 or Form 8995-A 10 cooinotruction. 11a Add lines 9 and 10. 9 . b Taxable income. Subtract line 11a from line 8b. If zero or less, enter -- For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11320B 7b 8a 8b 11a 11b Form 1040 (2019) Page 2 12a 12b 13a 13b 14 14 15 17 qualifying child, 18a 18b nontaxable combat pay, see 18c 18d 18e A 19 Form 1040 (2019) Tax (see inst.) Check if any from Form(s): 1 8814 2 4972 3 12a b Add Schedule 2, line 3, and line 12a and enter the total 13a Child tax credit or credit for other dependents b Add Schedule 3, line 7, and line 13a and enter the total Subtract line 13b from line 12b. If zero or less, enter-O- 15 Other taxes, including self-employment tax, from Schedule 2, line 10 16 Add lines 14 and 15. This is your total tax . 16 17 Federal income tax withheld from Forms W-2 and 1099 18 If you have a Other payments and refundable credits: Earned income credit (EIC) attach Sch. EIC. . If you have b Additional child tax credit. Attach Schedule 8812 c American opportunity credit from Form 8863, line 8 instructions. d Schedule 3, line 14 .. e Add lines 18a through 18d. These are your total other payments and refundable credits 19 Add lines 17 and 18e. These are your total payments Refund 20 If line 19 is more than line 16, subtract line 16 from line 19. This is the amount you overpaid 20 21a Amount of line 20 you want refunded to you. If Form 8888 is attached, check here 21a Direct deposit? Routing number c Type: Checking Savings See instructions. d Account number 22 Amount of line 20 you want applied to your 2020 estimated tax . 22 Amount 23 Amount you owe. Subtract line 19 from line 16. For details on how to pay, see instructions You Owe 24 Estimated tax penalty (see instructions). 24 Third Party Do you want to allow another person (other than your paid preparer) to discuss this return with the IRS? See instructions. Yes. Complete below. Designee No Designee's Phone Personal identification paid preparer) name no. number (PIN) Sign 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, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Here Your signature Date Your occupation If the IRS sent you an Identity Protection PIN, enter it here Joint return? (see inst.) See instructions. Spouse's signature. If a joint return, both must sign. Date Spouse's occupation If the IRS sent your spouse an Keep a copy for Identity Protection PIN, enter it here your records. (see inst.) Phone no. Email address Preparer's name Preparer's signature Date PTIN Check it: Paid 3rd Party Designee Preparer Firm's name Phone no. Use Only Self-employed Firm's address Firm's EIN Go to www.irs.gov/Form1040 for instructions and the latest information Form 1040 (2019) 23 (Other than
