Question
Using the tax software, complete the tax return, including Form 1040 and all appropriate forms, schedules, or worksheets. Harris and Carly Franklin are married and
Using the tax software, complete the tax return, including Form 1040 and all appropriate forms, schedules, or worksheets.
Harris and Carly Franklin are married and choose to file a Married Filing Jointly return for 2019.
The Franklins have a son, Billy and a newborn daughter, Cristina.
Carly is a kindergarten teacher at a private school through May and decided not to return after the birth of Cristina. She spent $375 on unreimbursed classroom expenses while she was employed.
The Franklins paid childcare expenses of $1500 through May for Billy and $750 for Cristina while Carly volunteered in Billys class in November.
Harris enrolled in college to pursue a bachelors degree in Accounting. He had no previous post-secondary education. He does not have a felony drug conviction.
Harris won $2500 gambling at a casino and had additional lottery tickets of $215. He has documented casino losses of $1902 and purchased 5 lottery tickets during the year for $10 each.
The Franklins had the following expenses:
- $13,257 in hospital and doctor bills
- $746 in dental bills
- $578 for prescription meds
- $273 personal property tax based on the value of a vehicle
- $700 to a friends GoFundMe campaign
- $250 cash contribution to the Red Cross
- $2500 cash contribution to their church
- $1000 FMV of clothing donated to the Salvation Army, originally purchased for $6500
- $7,025 mortgage interest
- $4797 real estate tax
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