Rick and Cindy Davis are married and file a joint return. They live at 3223 Taccone Ave., Apt. 37, Medford, MA 02155. Rick is an elementary school teacher in the Medford Public School system and Cindy is currently a homemaker after losing her job in late 2019. Cindy’s social security number is 412-34-5671 (date of birth 10/11/1981) and Rick’s is 412-34-5670 (date of birth 3/19/1979).

Rick’s W-2 contained the following information:

Wages (box 1) =	$ 70,245.55
Federal W/H (box 2) =	$ 5,924.43
Social security wages (box 3) =	$ 70,245.55
Social security W/H (box 4) =	$ 4,355.22
Medicare wages (box 5) =	$ 70,245.55
Medicare W/H (box 6) =	$ 1,018.56

Rick and Cindy have an interest income of $237 from a savings account at Boston State Bank.

Cindy also owns stock in Microsoft. Cindy received $265 in qualified dividends from Microsoft in 2020. Rick was divorced in 2014 and pays his ex-wife (Mary Tortelli) alimony. Their original divorce decree, which remains unchanged, dictates that Rick pay Mary $525 per month in alimony for 10 years. Mary’s social security number is 412-34-5675.

Cindy received unemployment compensation of $3,800 in 2020 and no taxes were withheld from the payments. Additionally, Rick won a $1,100 prize in a nationally sponsored fantasy football league and no income taxes were withheld from his winnings. Rick also spent $355 on supplies for his classroom for which he was not reimbursed.

Required:
Prepare a Form 1040 and Schedule 1 for Rick and Cindy Davis. Rick and Cindy did not receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during 2020.

1040 for a couple of Married Filing Jointly with no dependents. Prepare following

• 1040 PG 1
• 1040 PG 2
• Schedule 1

Answer rating: 100% (QA)

Form 1040 Page 1 Rick and Cindy Davis Filing Status Married Filing Jointly 3223 Taccone Ave Apt 37 Medford MA 02155 Social Security Numbers Rick 41234... View the full answer