Question: I need help with form schedule A form 1040 : Taxes you paid 5a Comprehensive Problem 7-1 David and Darlene Jasper have one child, Sam,

I need help with form schedule A form 1040 : Taxes you paid 5a

Comprehensive Problem 7-1

David and Darlene Jasper have one child, Sam, who is 6 years old (birthdate July 1, 2014). The Jaspers reside at 4639 Honeysuckle Lane, Los Angeles, CA 90248. David's Social Security number is 577-11-3311, Darlene's is 477-98-4731, and Sam's is 589-22-1142. David's birthdate is May 29, 1987 and Darlene's birthday is January 31, 1989. David and Darlene's earnings and withholdings for 2020 are:

David: Earnings from Apple Company (office manager) $26,750
Federal income tax withheld 800
State income tax withheld 1,050
Darlene: Earnings from Rose Company (perfume tester) $26,200
Federal income tax withheld 1,050
State income tax withheld 1,000

Their other income includes interest from Pine Tree Savings and Loan of $950. Other information and expenditures for 2020 are as follows:

Interest: On home acquisition mortgage $11,300
Credit card 925
Taxes: Property taxes on personal residence 1,300
State income taxes paid in 2020 (for 2019) 300
Contribution (with written acknowledgement) to church 1,045
Medical insurance 675
Medical and dental expenses 6,175
Income tax return preparation fee paid in 2020 200
Actual general state sales tax for 2020 1,016
Payment of union dues 225
Contribution to David's IRA (no retirement plan at his work) 500

David and Darlene received a letter from Sam's daycare provider which contains information regarding child care expenses.

The Jaspers received a $2,900 EIP in 2020.

Required: Complete David and Darlene's Form 1040, Schedule 1, Schedule 3, Schedule A, Form 2441, and Form 8880.

  • Make realistic assumptions about any missing data.
  • The taxpayers do not want to make a contribution to the presidential election campaign.
  • Enter all amounts as positive numbers.
  • If an amount box does not require an entry or the answer is zero, enter "0".
  • If required round any dollar amount to the nearest dollar (unless instructed otherwise on the tax form).
  • Assume alternative minimum tax is not a factor.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!