Do not use $, comma, or decimals in your answers on D2L. Please complete the 2019 Form 1040 (Stop after completing Line 12a, round up to the nearest dollar), Schedule-1 and Schedule A for the taxpayer: Julie Anderson is a project manager and her wage is 74,300. Julie's father passed away on April 14. She inherited her fathers cottage (vacation home) in Montana and 80,000 cash. She used the 80,000 to invest in an annuity product that pays her $ 10,000 per year for the next 10 years. The first yearly payment ($10,000) was received on December 15th, 2019 Her 2019 filing status is Single. She also has the following items for 2019: Interest income from: Capital One 200 City of San Francisco municipal bond 600 US Treasury bond. 800 Ordinary dividends from her investment in Wells Fargo 400. All the dividends are qualified for the 15% tax rate. She also bought 50 shares Apple Inc. stock (AAPL) when the price was $100 per share. AAPL's market closing price for December 2019 is $250 per share. No shares were sold during the year. During the year she went to Wynn Las Vegas and won $ 1,300 in a poker game. However, she lost $2,000 at another casino. She received $4,000 insurance payout from AFLAC. The insurance policy was bought by herself. She has the following refunds and withholdings in 2019, and took the standard deduction on her 2018 federal tax return. California state income tax refund 250 State income tax withheld from her paycheck. .4200 Federal income tax withheld from her paycheck. 9000 Social security tax paid as an employee............. 5340 She owns and lives in her house in Fresno, CA and has the following expenses: Home mortgage loan interest 8700 Home mortgage loan points (not reported on Form 1098).. 200 Real estate tax on her house 4000 Personal-use car loan interest.. 2000 She also paid 2000 of qualified student loan interest. Ms. Anderson had a medical procedure and incurred qualified medical costs of $30,000. Her health insurance policy pays 80% of the medical cost and Julie paid the remaining 20% out of her own pocket. Julie also wanted to ask you the following questions: Where/On which schedule can she deduct any utilities and insurance on the cottage if she rents out the vacation home for income next year? Can she deduct any fees paid to attorneys to execute her fathers will this year? Can she deduct any fees paid to you to prepare her tax return this year?

Answer the following=

-Form 1040 Line 2a (Tax-exempt interest)

-1040 Line 3b (Dividends) ________

-Form 1040 Line 4c (Annuities)

-Form 1040 Line 4d (Taxable amount)

-Form 1040 Line 6 (capital gains or loss, enter zero if none)

-Schedule 1, Line 1 Taxable refunds (enter 0 if none) _____

-The payment from Aflac is taxable

	True
	False

-Schedule 1, Line 8 Other income (enter 0 if none) _____

-The applicable student loan interest phase-out percentage is

	20%
	40%
	60%
	80%

-Schedule 1, Line 20 (Deductible student loan interest) _

-Form 1040, Line 8b (Adjusted Gross Income) ____

-Schedule-A Line 1 (round off decimal points if applicable. Do not include $ or ,)

-Schedule-A Line 4 (Deductible Medical Expense)

-The federal tax withheld is deductible on Schedule-A

	True
	False

-Schedule A Line 5a (State Income Tax) _____

-Schedule A Line 5b (Real Estate Tax)___

-She can deduct the social security tax paid as an itemized deduction on Schedule-A

	True
	False

-Schedule A Line 8a (Deductible interest) ____

-Schedule-A Line 8c (Deductible mortgage interest points)

-The $2000 Personal-use car loan interest can be a deduction From AGI

	True
	False

-Schedule-A Line 16 Other Itemized Deductions _____

-Schedule-A Total Itemized Deductions ______

-The total itemized deduction is larger than standard deduction

	True
	False

-Form 1040 Line 9 (Standard or Itemized Deduction) _____

-Taxable income ___

-Total Tax (Round up to the nearest dollar. No $ sign or comma) ____

-Where could Julie deduct the utilities and insurance on the cottage in Montana? She does not live there and plans to rent it out for income next year.

	On Schedule-A as Itemized Deduction next year
	On Schedule-C as Deduction For AGI next year
	On Schedule-E as Deduction For AGI next year
	None of the above

-Julie cannot deduct the attorney fees to execute her father's will

	True
	False

-Julie can deduct the fees paid to you to prepare her tax return this year

	True
	False