Instructions Note: This problem is for the 2019 tax year. Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501. tance works for the convention bureau of the local Chamber of Commerce, and Wanda is employed part-time as a paralegal for a law firm. During 2019, the Deans had the following receipts: Salaries ($60,000 for Lance, $41,000 for Wanda) $101,000 interest income- City of Albuquerque general purpose bonds $1,000 Ford Motor company bonds 1,100 Ally Bank certificate of deposit 2,500 Child support payments from John Allen 7,200 Annual gifts from parents 26,000 Settlement from Roadrunner Touring Company 90,000 Lottery winnings Federal income tax refund (for tax year 2018) 400 600 400 Print Item Wanda was previously married to John Allen. When they divorced several years ago, Wanda was awarded custody of their two children, Penny and Kyle. (Note: Wanda has never issued a Form 8332 waiver.) Under the divorce decree, John was obligated to pay alimony and child support the alimony payments were to terminate if Wanda remarried In July, while going to lunch in downtown Santa Fe, Wanda was injured by a tour bus. Because the driver was dearly at fault, the owner of the bus. Roadrunner Touring Company, paid her medical expenses (including a one-wook stay in a hospital). To avoid a lawsuit, Roadrunner also transferred $90,000 to her in settlement of the personal injuries she sustained. The Deans had the following expenditures for 2019: Medical expenses (not covered by insurance) $7,200 Taxes Property taxes on personal residence $3,600 State of New Mexico income tax (includes amount withheld from wages during 2019) 4,200 7,800 Interest on home mortgage (First National Bank) 6,000 Charitable contributions 3,600 Life Insurance premiums (policy on Lance's life) 1.200 Contribution to traditional IRA Con Wanda's behalt 5,000 Traffic fines 300 Contribution to the reelection campaign fund of the mayor of Santa Fe 500 Funeral expenses for Wayne Boyle 6,300 The life insurance policy was taken out by Lance several years ago and designates Wanda as the beneficiary. As a part-time employee, Wanda is excluded from coverage under her employer's pension plan. Consequently, she provides for her own retirement with a traditional IRA obtained at a local trust company. Because the mayor is a member of the local Chamber of Commerce, Lance felt compelled to make the political contribution. The Deans' household includes the following, for whom they provide more than half of the support: Social Security Number Birth Date Lance Dean (age 42) 123-45-6786 12/16/1977 Wanda Dean (age 40) 123-45-6787 08/08/1979 Penny Allen (age 19) 123.45-6788 10/09/2000 Kyle Allen (age 17) 123-45-6780 05/03/2003 Wayne Boyle (age 75) 123-45-6785 06/15/1944 Penny graduated from high school on May 9, 2019, and is undecided about college. During 2019, she earned $8,500 (placed in a savings account) playing a harp in the lobby of a local hotel. Wayne is Wanda's widower father who died on December 20, 2019. For the past few years, Wayne qualified as a dependent of the Deans. Federal income tax withheld is $3,900 (Lance) and $1,800 (Wanda). The proper amount of Social Security and Medicare tax was withheld. Penny graduated from high school on May 9, 2019, and is undecided about college. During 2019, she earned $8,500 (placed in a savings account) playing a harp in the lobby of a local hotel. Wayne is Wanda's widower father who died on December 20, 2019. For the past few years, Wayne qualified as a dependent of the Deans. Federal income tax withheld is $3,900 (Lance) and $1,800 (Wanda). The proper amount of Social Security and Medicare tax was withheld. Required: Determine the Federal income tax for 2019 for the Deans on a joint return by completing the appropriate forms. Use Form 1040 and Schedule 1 to complete this tax return. They do not own and did not use any virtual currency during the year, and they do not want to contribute to the Presidential Election Campaign Fund. If an overpayment results, it is to be refunded to them. Make realistic assumptions about any missing data. Enter all amounts as positive numbers. If an amount box does not require an entry or the answer is zero, enter "O". Use the tax rate schedules included with this problem. When computing the tax liability, do not round your immediate calculations. If required round your final answers to the nearest dollar. Form 1040 Complete Form 1040 below for Lance and Wanda Dean. Form Department of the Treasury Internal Revenue Service (99) 1040 U.S. Individual Income Tax Return 2019 OMB No. 1545-0074 IRS Use Only Filing Status Married filing jointly Your first name and middle initial Last name Your social security number Lance H. Dean 123-45-6786 If joint return, spouse's first name and middle initial Last name Spouse's social security Wanda B. Dean number 123-45-6787 Home address (number and street). If you have a RO box, see instructions Apt. no. Presidential Election 431 Yucca Drive Campaign Check here if you, or your spouse City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below if filing jointly, want $3 to go to (see Instructions) this fund. Checking a box below will not change your tax or Santa Fe, NM 87501 refund. None Emain nam Trein bracelet atenuante orolon nostal code ore than fosse danasrtants can Standard Deduction Someone can claim: None Age/Blindness You: None Spouse: None Dependents (see instructions): (2) Social security number (3) Relationship to you (1) First name (1) Vif qualifies for (see instructions): Child tax credit Credit for other dependents Last name Penny Allen 123-45-6788 Child No Yes Kyle Allen 123-45-6780 Child Yes No Wayne Boyle 12345-6785 Parent No Yes y D 1 101,000 2b 1 Wages, salaries, tips, etc. Attach Form(s) W-2 ++++ 2a Tax-exempt interest .. b Taxable interest. Attach Sch. B 2a 1,000 if required b Ordinary dividends. Attach 3a Qualified dividends. Sch. Bif required 4a ERA distributions ..... 4a bTaxable amount Pensions and annuities 4c d Taxable amount 5a Social security benefits Sa b Taxable amount 6 Capital gain or (os). Attach Schedule D if required. If not required, check here 3b Standard Deduction for Single or Married filling separately, $12,200 Married filing Jointly or 4b 40 Sb 6 2b Ba 3b b 2a Tax-exempt interest .. Taxable interest. Attach Sch. B 2a 1,000 if required 3a Qualified dividends.. b Ordinary dividends. Attach Sch. B if required 4a IRA distributions ..... 4a b Taxable amount C Pensions and annuities 46 d Taxable amount 5a Social security benefits 5a b Taxable amount... 6 Capital gain or loss). Attach Schedule D if required. If not required, check here... 7a Other Income from Schedule 1, line 9 4b 4d 5b Standard Deduction for Single or Married filing separately, $12,200 Married filing jointly or Qualifying widow(er). $24,400 Head of household, $18,350 If you checked any box under Standard Deduction, see instructions 6 7a Add lines 1, 2, 3, 4, 4, 5, 6, and 7a. This is your total income sa Adjustments to income from Schedule 1. line 22 b Ba b Subtract line 8a from line 7b. This is your adjusted gross income 8b 9 Standard deduction or itemized deductions (from Schedule A) Qualified business income deduction. Attach Form 8995 or Form 8995-A 9 10 10 110 Add lines 9 and 10 .. 11a b Taxable income. Subtract line 11a from line 8b. If zero or less entero 11b BAA For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Form 1040 (2019) Form 1040 (2019) Lance H. and Wanda B. Dean 123-45-6786 Page 2 12a Tax (see inst.) Check if any from Form(s): 108814 2 0 4972 30 12a 12b 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 13a 13b 14 Subtract line 13b from line 12b. If zero or less, enter-O- 14 15 Other taxes, including self-employment tax, from Schedule 2, line 10 15 16 Add lines 14 and 15. This is your total tax 16 17 18a If you have a qualifying child attach Sch. EIC If you have nontaxable combat pay, see instructions 17 Federal income tax withheld from Forms W-2 and 1099 18 other payments and refundable credits: Earned Income credit (EIC)... b Additional child tax credit. Attach schedule 8812 c American opportunity credit from Form 8863, line 8 d Schedule 3, line 14 18b 180 180 instructions. d Schedule 3, line 14....... 18d e Add lines 18a through 18d. These are your total other payments and refundable credits 18e 19 Add lines 17 and 18e. These are your total payments...... 19 20 Refund If line 19 is more than line 16, subtract line 16 from line 19. This is the amount you overpaid DOD 20 2la 21a Amount of line 20 you want refunded to you. If Form 8888 is attached, check here b Routing number c Type: Checking Savings Direct deposit? See Instructions d Account number 22 Amount of line 20 you want applied to your 2020 estimated tax 22 23 Amount Amount you owe. Subtract line 19 from line 16. For details on how to pay, see Instructions 23 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 Yes. Complete below. the IRS? See instructions Designee (Other than Designee's Phone Personal identification paid preparer) no. number (PIN) cinn Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and No name Sign Here Joint return? See instructions Keep a copy for your records. Under penalties of perjury, I dedare 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. Your signature Date Your occupation If the IRS sent you an Identity Protection PIN, enter it here (see inst.) Manager Spouse's signature. If a joint Date Spouse's occupation If the IRS sent your spouse an return, both must sign. Identity Protection PIN, enter it here (see inst.) Paralegal Phone no. Email address Preparer's name Preparer's signature Date PTIN Check if: Self-Prepared 3rd Party Designee Firm's name Phone no. Self-employed Paid Preparer Use Only Firm's address Firm's EIN Go to www.irs.gov/Form1040 for instructions and the latest Information Form 1040 (2019) Schedule 1 Complete Schedule 1 for Lance and Wanda Dean for 2019. SCHEDULE 1 OMB No. 1545-0074 (Form 1040 or 1040-SR) Additional Income and Adjustments to Income 2019 Department of the Treasury Attach to Form 1040 or 1040-SR. Attachment Internal Revenue Service Go to www.irs.gov/Form 1040 for instructions and the latest information. Sequence No. 01 Name(s) shown on Form 1040 or 1040-SR Your social security number Lance H. and Wanda B. Dean 123-45-6786 At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual Yes No currency Part 1 Additional Income Taxable refunds, credits, or offsets of state and local income taxes 2a Alimony received 2a b Date of original divorce or separation agreement (see Instructions) Business income or (loss). Attach Schedule C. 3 Other gains or losses). Attach Form 4797 5 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 5 1 1 3 4 5 5 5 6 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E. Farm income or (loss). Attach Schedule F. Unemployment compensation Other income. List type and amount State Lottery Winnings 6 7 7 8 8 9 10 11 12 9 Combine lines 1 through 8. Enter here and on Form 1040 or 1040-SR, line 7a..... Part II Adjustments to Income 10 Educator expenses 11 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 12 Health savings account deduction. Attach Form 8889 13 Moving expenses for members of the Armed Forces. Attach Form 3903 14 Deductible part of self-employment tax. Attach Schedule SE. 15 Self-employed SEP, SIMPLE, and qualified plans.. 16 Self-employed health insurance deduction 17 Penalty on early withdrawal of savings. 18a Alimony paid b Recipient's SSN.. c Date of original divorce or separation agreement (see instructions) 13 14 15 16 17 18a 13 14 13 Moving expenses for members of the Armed Forces. Attach Form 3903 14 Deductible part of self-employment tax. Attach Schedule SE 15 Self-employed SEP, SIMPLE, and qualified plans..... 16 Self-employed health insurance deduction 17 Penalty on early withdrawal of savings. 18a Alimony paid 15 16 17 18 b Recipient's SSN c Date of original divorce or separation agreement (see instructions) 19 TRA deduction 19 20 Student loan interest deduction 20 21 Tuition and fees, Attach Form 8917.. 21 22 Add lines 10 through 21. These are your adjustments to income. Enter here and on Form 1040 or 1040-SR. line 53 22 BAA For Paperwork Reduction Act Notice, see your tax return instructions. Schedule 1 (Form 1040 or 1040-SR) 2019 2019 Tax Rate Schedules Use the 2019 Tax Rate Schedules to compute the tax. (Note: Because the tax rate schedules are used instead of the tax tables, the amount of tax computed may vary slightly from the amount listed in the tables.) 2019 Tax Rate Schedules Single-Schedule Head of household Schedule z If taxable income is: Over- of the amount Over But not over If taxable income is: Over- of the amount But not over The tax is: The tax is: over $0 ... 10% $0 $0 $ 13,850 ...... 109 $0 $ 9,700 39,475 9,700 $ 970.00 + 12% 9,700 13,850 52,850 $ 1,385,00 + 12% 13,850 52,850 39,475 39,475 52,850 84,200 6,065.00 + 22% 84,200 84,200 160,700 12,962.00 + 249 94,200 160,725 84,200 160,725 204,100 510,300 4,543.00 + 22% 14,382,50 + 24% 32,748.50 + 32% 46,628.50 + 35% 153,798.50 + 37 34,200 160,700 160,725 160,700 204,100 31,322.00 + 32% 204,100 204,100 204,100 510,300 45,210.00 + 35% 204,100 510,300 510,300 510,300 152,380.00 + 37% 510,300 Married filing Jointly or Qualifying widow(er)-Schedule Y-1 Married filing separately schedule Y-2 11 hle MILICE 1,850 52,850 $21,385.00 129 133,850 52,850 84,200 6,065.00 + 22% 52,850 84,200 160,700 84,200 160,700 204,100 12,962.00 + 24% 31,322.00 + 32% 45,210.00 + 35% 160,700 204,100 510,300 204,100 510,300 152,380.00 + 37% 510,300 Married filing separately-Schedule Y-2 9,700 397475 $970300129 9,700 39,475 84,200 4,543.00 + 22% 39,475 84,200 160,725 14,382.50 + 24% 84,200 160,725 204,100 32,748.50 + 32% 160,725 204,100 510,300 46,628.50 + 35% 204,100 510,300 153,798.50 + 37% 510,300 Married filing jointly or Qualifying widow(er)-Schedule Y-1 If taxable of the income is: But not amount Over- over- The tax is: over- $0 $ 19,400 ..... 10% $0 19,400 78,950 $ 1,940.00 + 12% 19,400 78,950 168,400 9,086.00 + 22% 78,950 168.400 321,450 28,765.00 + 24% 168,400 321.450 408,200 65,497.00 + 32% 321,450 408.200 612,350 93,257.00 + 35% 408,200 612,350 164,709.50 + 37% 612,350 If taxable income is: Over But not over- of the amount over- The tax is: $0 ...... 10% $0 9,700 $ 9,700 39,475 84,200 $ 970.00 + 12% 9,700 39,475 4,543.00 + 22% 39,475 84,200 160,725 84,200 160,725 204,100 14,382.50 + 24% 32,748.50 + 32% 46,628.50 + 35% 82,354.75 + 37% 160,725 204,100 204,100 306,175 306,175 306,175 Instructions Note: This problem is for the 2019 tax year. Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501. tance works for the convention bureau of the local Chamber of Commerce, and Wanda is employed part-time as a paralegal for a law firm. During 2019, the Deans had the following receipts: Salaries ($60,000 for Lance, $41,000 for Wanda) $101,000 interest income- City of Albuquerque general purpose bonds $1,000 Ford Motor company bonds 1,100 Ally Bank certificate of deposit 2,500 Child support payments from John Allen 7,200 Annual gifts from parents 26,000 Settlement from Roadrunner Touring Company 90,000 Lottery winnings Federal income tax refund (for tax year 2018) 400 600 400 Print Item Wanda was previously married to John Allen. When they divorced several years ago, Wanda was awarded custody of their two children, Penny and Kyle. (Note: Wanda has never issued a Form 8332 waiver.) Under the divorce decree, John was obligated to pay alimony and child support the alimony payments were to terminate if Wanda remarried In July, while going to lunch in downtown Santa Fe, Wanda was injured by a tour bus. Because the driver was dearly at fault, the owner of the bus. Roadrunner Touring Company, paid her medical expenses (including a one-wook stay in a hospital). To avoid a lawsuit, Roadrunner also transferred $90,000 to her in settlement of the personal injuries she sustained. The Deans had the following expenditures for 2019: Medical expenses (not covered by insurance) $7,200 Taxes Property taxes on personal residence $3,600 State of New Mexico income tax (includes amount withheld from wages during 2019) 4,200 7,800 Interest on home mortgage (First National Bank) 6,000 Charitable contributions 3,600 Life Insurance premiums (policy on Lance's life) 1.200 Contribution to traditional IRA Con Wanda's behalt 5,000 Traffic fines 300 Contribution to the reelection campaign fund of the mayor of Santa Fe 500 Funeral expenses for Wayne Boyle 6,300 The life insurance policy was taken out by Lance several years ago and designates Wanda as the beneficiary. As a part-time employee, Wanda is excluded from coverage under her employer's pension plan. Consequently, she provides for her own retirement with a traditional IRA obtained at a local trust company. Because the mayor is a member of the local Chamber of Commerce, Lance felt compelled to make the political contribution. The Deans' household includes the following, for whom they provide more than half of the support: Social Security Number Birth Date Lance Dean (age 42) 123-45-6786 12/16/1977 Wanda Dean (age 40) 123-45-6787 08/08/1979 Penny Allen (age 19) 123.45-6788 10/09/2000 Kyle Allen (age 17) 123-45-6780 05/03/2003 Wayne Boyle (age 75) 123-45-6785 06/15/1944 Penny graduated from high school on May 9, 2019, and is undecided about college. During 2019, she earned $8,500 (placed in a savings account) playing a harp in the lobby of a local hotel. Wayne is Wanda's widower father who died on December 20, 2019. For the past few years, Wayne qualified as a dependent of the Deans. Federal income tax withheld is $3,900 (Lance) and $1,800 (Wanda). The proper amount of Social Security and Medicare tax was withheld. Penny graduated from high school on May 9, 2019, and is undecided about college. During 2019, she earned $8,500 (placed in a savings account) playing a harp in the lobby of a local hotel. Wayne is Wanda's widower father who died on December 20, 2019. For the past few years, Wayne qualified as a dependent of the Deans. Federal income tax withheld is $3,900 (Lance) and $1,800 (Wanda). The proper amount of Social Security and Medicare tax was withheld. Required: Determine the Federal income tax for 2019 for the Deans on a joint return by completing the appropriate forms. Use Form 1040 and Schedule 1 to complete this tax return. They do not own and did not use any virtual currency during the year, and they do not want to contribute to the Presidential Election Campaign Fund. If an overpayment results, it is to be refunded to them. Make realistic assumptions about any missing data. Enter all amounts as positive numbers. If an amount box does not require an entry or the answer is zero, enter "O". Use the tax rate schedules included with this problem. When computing the tax liability, do not round your immediate calculations. If required round your final answers to the nearest dollar. Form 1040 Complete Form 1040 below for Lance and Wanda Dean. Form Department of the Treasury Internal Revenue Service (99) 1040 U.S. Individual Income Tax Return 2019 OMB No. 1545-0074 IRS Use Only Filing Status Married filing jointly Your first name and middle initial Last name Your social security number Lance H. Dean 123-45-6786 If joint return, spouse's first name and middle initial Last name Spouse's social security Wanda B. Dean number 123-45-6787 Home address (number and street). If you have a RO box, see instructions Apt. no. Presidential Election 431 Yucca Drive Campaign Check here if you, or your spouse City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below if filing jointly, want $3 to go to (see Instructions) this fund. Checking a box below will not change your tax or Santa Fe, NM 87501 refund. None Emain nam Trein bracelet atenuante orolon nostal code ore than fosse danasrtants can Standard Deduction Someone can claim: None Age/Blindness You: None Spouse: None Dependents (see instructions): (2) Social security number (3) Relationship to you (1) First name (1) Vif qualifies for (see instructions): Child tax credit Credit for other dependents Last name Penny Allen 123-45-6788 Child No Yes Kyle Allen 123-45-6780 Child Yes No Wayne Boyle 12345-6785 Parent No Yes y D 1 101,000 2b 1 Wages, salaries, tips, etc. Attach Form(s) W-2 ++++ 2a Tax-exempt interest .. b Taxable interest. Attach Sch. B 2a 1,000 if required b Ordinary dividends. Attach 3a Qualified dividends. Sch. Bif required 4a ERA distributions ..... 4a bTaxable amount Pensions and annuities 4c d Taxable amount 5a Social security benefits Sa b Taxable amount 6 Capital gain or (os). Attach Schedule D if required. If not required, check here 3b Standard Deduction for Single or Married filling separately, $12,200 Married filing Jointly or 4b 40 Sb 6 2b Ba 3b b 2a Tax-exempt interest .. Taxable interest. Attach Sch. B 2a 1,000 if required 3a Qualified dividends.. b Ordinary dividends. Attach Sch. B if required 4a IRA distributions ..... 4a b Taxable amount C Pensions and annuities 46 d Taxable amount 5a Social security benefits 5a b Taxable amount... 6 Capital gain or loss). Attach Schedule D if required. If not required, check here... 7a Other Income from Schedule 1, line 9 4b 4d 5b Standard Deduction for Single or Married filing separately, $12,200 Married filing jointly or Qualifying widow(er). $24,400 Head of household, $18,350 If you checked any box under Standard Deduction, see instructions 6 7a Add lines 1, 2, 3, 4, 4, 5, 6, and 7a. This is your total income sa Adjustments to income from Schedule 1. line 22 b Ba b Subtract line 8a from line 7b. This is your adjusted gross income 8b 9 Standard deduction or itemized deductions (from Schedule A) Qualified business income deduction. Attach Form 8995 or Form 8995-A 9 10 10 110 Add lines 9 and 10 .. 11a b Taxable income. Subtract line 11a from line 8b. If zero or less entero 11b BAA For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Form 1040 (2019) Form 1040 (2019) Lance H. and Wanda B. Dean 123-45-6786 Page 2 12a Tax (see inst.) Check if any from Form(s): 108814 2 0 4972 30 12a 12b 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 13a 13b 14 Subtract line 13b from line 12b. If zero or less, enter-O- 14 15 Other taxes, including self-employment tax, from Schedule 2, line 10 15 16 Add lines 14 and 15. This is your total tax 16 17 18a If you have a qualifying child attach Sch. EIC If you have nontaxable combat pay, see instructions 17 Federal income tax withheld from Forms W-2 and 1099 18 other payments and refundable credits: Earned Income credit (EIC)... b Additional child tax credit. Attach schedule 8812 c American opportunity credit from Form 8863, line 8 d Schedule 3, line 14 18b 180 180 instructions. d Schedule 3, line 14....... 18d e Add lines 18a through 18d. These are your total other payments and refundable credits 18e 19 Add lines 17 and 18e. These are your total payments...... 19 20 Refund If line 19 is more than line 16, subtract line 16 from line 19. This is the amount you overpaid DOD 20 2la 21a Amount of line 20 you want refunded to you. If Form 8888 is attached, check here b Routing number c Type: Checking Savings Direct deposit? See Instructions d Account number 22 Amount of line 20 you want applied to your 2020 estimated tax 22 23 Amount Amount you owe. Subtract line 19 from line 16. For details on how to pay, see Instructions 23 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 Yes. Complete below. the IRS? See instructions Designee (Other than Designee's Phone Personal identification paid preparer) no. number (PIN) cinn Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and No name Sign Here Joint return? See instructions Keep a copy for your records. Under penalties of perjury, I dedare 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. Your signature Date Your occupation If the IRS sent you an Identity Protection PIN, enter it here (see inst.) Manager Spouse's signature. If a joint Date Spouse's occupation If the IRS sent your spouse an return, both must sign. Identity Protection PIN, enter it here (see inst.) Paralegal Phone no. Email address Preparer's name Preparer's signature Date PTIN Check if: Self-Prepared 3rd Party Designee Firm's name Phone no. Self-employed Paid Preparer Use Only Firm's address Firm's EIN Go to www.irs.gov/Form1040 for instructions and the latest Information Form 1040 (2019) Schedule 1 Complete Schedule 1 for Lance and Wanda Dean for 2019. SCHEDULE 1 OMB No. 1545-0074 (Form 1040 or 1040-SR) Additional Income and Adjustments to Income 2019 Department of the Treasury Attach to Form 1040 or 1040-SR. Attachment Internal Revenue Service Go to www.irs.gov/Form 1040 for instructions and the latest information. Sequence No. 01 Name(s) shown on Form 1040 or 1040-SR Your social security number Lance H. and Wanda B. Dean 123-45-6786 At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual Yes No currency Part 1 Additional Income Taxable refunds, credits, or offsets of state and local income taxes 2a Alimony received 2a b Date of original divorce or separation agreement (see Instructions) Business income or (loss). Attach Schedule C. 3 Other gains or losses). Attach Form 4797 5 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 5 1 1 3 4 5 5 5 6 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E. Farm income or (loss). Attach Schedule F. Unemployment compensation Other income. List type and amount State Lottery Winnings 6 7 7 8 8 9 10 11 12 9 Combine lines 1 through 8. Enter here and on Form 1040 or 1040-SR, line 7a..... Part II Adjustments to Income 10 Educator expenses 11 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 12 Health savings account deduction. Attach Form 8889 13 Moving expenses for members of the Armed Forces. Attach Form 3903 14 Deductible part of self-employment tax. Attach Schedule SE. 15 Self-employed SEP, SIMPLE, and qualified plans.. 16 Self-employed health insurance deduction 17 Penalty on early withdrawal of savings. 18a Alimony paid b Recipient's SSN.. c Date of original divorce or separation agreement (see instructions) 13 14 15 16 17 18a 13 14 13 Moving expenses for members of the Armed Forces. Attach Form 3903 14 Deductible part of self-employment tax. Attach Schedule SE 15 Self-employed SEP, SIMPLE, and qualified plans..... 16 Self-employed health insurance deduction 17 Penalty on early withdrawal of savings. 18a Alimony paid 15 16 17 18 b Recipient's SSN c Date of original divorce or separation agreement (see instructions) 19 TRA deduction 19 20 Student loan interest deduction 20 21 Tuition and fees, Attach Form 8917.. 21 22 Add lines 10 through 21. These are your adjustments to income. Enter here and on Form 1040 or 1040-SR. line 53 22 BAA For Paperwork Reduction Act Notice, see your tax return instructions. Schedule 1 (Form 1040 or 1040-SR) 2019 2019 Tax Rate Schedules Use the 2019 Tax Rate Schedules to compute the tax. (Note: Because the tax rate schedules are used instead of the tax tables, the amount of tax computed may vary slightly from the amount listed in the tables.) 2019 Tax Rate Schedules Single-Schedule Head of household Schedule z If taxable income is: Over- of the amount Over But not over If taxable income is: Over- of the amount But not over The tax is: The tax is: over $0 ... 10% $0 $0 $ 13,850 ...... 109 $0 $ 9,700 39,475 9,700 $ 970.00 + 12% 9,700 13,850 52,850 $ 1,385,00 + 12% 13,850 52,850 39,475 39,475 52,850 84,200 6,065.00 + 22% 84,200 84,200 160,700 12,962.00 + 249 94,200 160,725 84,200 160,725 204,100 510,300 4,543.00 + 22% 14,382,50 + 24% 32,748.50 + 32% 46,628.50 + 35% 153,798.50 + 37 34,200 160,700 160,725 160,700 204,100 31,322.00 + 32% 204,100 204,100 204,100 510,300 45,210.00 + 35% 204,100 510,300 510,300 510,300 152,380.00 + 37% 510,300 Married filing Jointly or Qualifying widow(er)-Schedule Y-1 Married filing separately schedule Y-2 11 hle MILICE 1,850 52,850 $21,385.00 129 133,850 52,850 84,200 6,065.00 + 22% 52,850 84,200 160,700 84,200 160,700 204,100 12,962.00 + 24% 31,322.00 + 32% 45,210.00 + 35% 160,700 204,100 510,300 204,100 510,300 152,380.00 + 37% 510,300 Married filing separately-Schedule Y-2 9,700 397475 $970300129 9,700 39,475 84,200 4,543.00 + 22% 39,475 84,200 160,725 14,382.50 + 24% 84,200 160,725 204,100 32,748.50 + 32% 160,725 204,100 510,300 46,628.50 + 35% 204,100 510,300 153,798.50 + 37% 510,300 Married filing jointly or Qualifying widow(er)-Schedule Y-1 If taxable of the income is: But not amount Over- over- The tax is: over- $0 $ 19,400 ..... 10% $0 19,400 78,950 $ 1,940.00 + 12% 19,400 78,950 168,400 9,086.00 + 22% 78,950 168.400 321,450 28,765.00 + 24% 168,400 321.450 408,200 65,497.00 + 32% 321,450 408.200 612,350 93,257.00 + 35% 408,200 612,350 164,709.50 + 37% 612,350 If taxable income is: Over But not over- of the amount over- The tax is: $0 ...... 10% $0 9,700 $ 9,700 39,475 84,200 $ 970.00 + 12% 9,700 39,475 4,543.00 + 22% 39,475 84,200 160,725 84,200 160,725 204,100 14,382.50 + 24% 32,748.50 + 32% 46,628.50 + 35% 82,354.75 + 37% 160,725 204,100 204,100 306,175 306,175 306,175