Warner and Augustine Robins, both 35 years old, have been married for 9 years and have no dependents. Warner is the president of Jaystar Corporation located in Macon, Georgia. The Jaystar stock is owned 40 percent by Warner, 40 percent by Augustine, and 20 percent by Warner’s father. Warner and Augustine received the following tax documents:

The Robins paid the following amounts (all can be substantiated):

The Robins had total itemized deductions of $33,567 in 2019 which included a $9,600 state tax deduction.
The tax basis for the donated painting is $25,000 and the painting has been owned by Warner and Augustine for 5 years. 

Jaystar does not cover health insurance for its employees. In addition to Warner and Augustine’s health insurance premiums shown above, Augustine required surgery which cost $6,663 for which only $3,021 was covered by insurance. Warner had to drive Augustine 125 miles each way to a surgical center.
On January 1, 2020, Warner sold land to Jaystar Corporation for $75,000. He acquired the land 5 years ago for $160,000. No Form 1099-B was filed for this transaction.
Jaystar Corporation does not have a qualified pension plan or Section 401(k) plan for its employees. Therefore, Warner deposited $12,000 ($6,000 each) into traditional IRA accounts for Augustine and himself (neither are covered by a qualified plan at work).
The Robins received a $2,400 EIP in 2020.

Required:

Complete the Robins’ federal tax return for 2020. Use Form 1040, Schedule 1, Schedule A, Schedule D, and Form 8949 to complete this tax return. Make realistic assumptions about any missing data and ignore any alternative minimum tax. Do not complete Form 8283, which is used when large noncash donations are made to charity.

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a Employee's social security number 798-09-8526 b Employer Identification number (EN) 43-4321567 Employer's name, address, and ZIP code Jaystar Corp. 1670 Eisenhower Pkwy.. Macon, GA 31206 d Control number e Employee's first name and intal Warner Robins 638 Russell Parkway Macon, GA 31207 1 Employes's address and ZIP code 15 State Employer's state ID number GA 5643E25 Last name Safe, accurate, OMB No. 1545-0008 FAST! Use Wages, tips, other compensation 153,000.00 Form W-2 Wage and Tax Statement Copy B-To Be Filed With Employee's FEDERAL Tax Return. This information is being fumished to the Internal Revenue Service. 3 Social security wagas 137,700.00 5 Medicare wages and tips 153,000.00 7 Social security tips D Suff. 11 Nonqualified plans 13 Clay 14 Other 16 Stata wages, sps, ato. 17 State income tax 153,000.00 4,500.00 2020 Refile www.in.goviatio Powiat T xickpay Veit the IRS website at 2 Federal Income tax withhold 7,100.00 4 Social security tax withhold 8,537.40 6 Medicare tax withhold 2,218.50 8 Allocated tips 10 Dependent care benefits 12a Sas instructions for box 12 1 12b 1 120 12d 18 Local wages, tips, etc. 19 Local income tax 20 Locality o Department of the Treasury-intamal Ravenue Services