Note: This problem is for the 2021 tax year. Logan B. Taylor is a widower whose wife, Sara, died on June 6, 2019. He lives at 4680 Dogwood Lane, Springfield, MO 65801 . He is employed as a paralegal by a local law firm. During 2021 , he had the following receipts: in securities worth $60,000 from his uncle, Daniel, who died in 2021. Logan also was the designated beneficiary of an held as an investnent. Because the maturity value of $200,000. The lot in St. Louis was purchased on May 2,2016, for $85,000 and for $80,000. The estate sale consisted largely of has deteriorated, Logan decided to cut his losses and sold the lot on January 5 , 2021, hunting equipment). Logan estimates that of items belonging to Sara and Daniel (e.o., camper, boat, furniture, and fishing and stayed the same in value since Sara and Danel did. While Logan and his dependents are covered by his employer's health insurance policy, he is subject to a deductible, and dental care is not included. The $10,500 dental charge was for Helen's implants. Helen is Logan's widowed mother, who lives with him (see below). Logan normally pledges $2,400 (\$200 per month) each year to his church. On December 5,2021 , upon the advice of his pastor, he prepaid his pledge for 2022. Logan's household, all of whom he supports, includes the following: Helen recelves a modest Social Security benefit, Asher, a son, is a full-time student hn dental school and earns $4,500 as a part-time dental assistant. Mia, a daughter, does not work and is engaged to be married. Federal income tax of $4,200 was withheld from his wages. Logan's household, all of whom he supports, includes the following: Helen receives a modest Social Security benefit. Asher, a son, is a full-time student in dental school and earns $4,500 as a part-time dental assistant. Mia, a daughter, does not work and is engaged to be married. Federal income tax of $4,200 was withheld from his wages. Required: Compute Logan's income tax for 2021. If Logan has any overpayment on his income tax, he wants the refund sent to him. Assume that the proper amounts of Social Security and Medicare taxGs were withheld. Logan received the appropriate coronavirus recovery rebates (economic impact payments); related questions in Proconnect Tax should be ignored. Logan does not own and did not use any virtual currency during the year, and he does not want to contribute to the Presidential Election Campaign Fund. - Make realistic assumptions about any missing data. - Enter all amounts as positive numbers except any losses. Use the minus sign to indicate a loss. - If an amount box does not require an entry or the answer is zero, enter " 0 ". - It may be necessary to complete the other tax schedules before completing form 1040. - Use the included tax rate schedules to compute the tax. When computing the tax liability, do not round your immediate calculations. If required round your final answers to the nearest dollar. Complete Form 1040 below for Logan Taylor. 1 Wages, salaries, tips, etc. Attach Form(s) W-2. mron w mannane, rnvucy mi, anu raperwork reaucuon nct Notuce, see separate instructions. It you have a qualifing child, attach Sch, EIC. Third Party Do you want to allow another person to discuss this return with the IRS? See instructions. Yes. Complete below. Designee \begin{tabular}{lll|l|l|l|l|} Designee's & Phone & Personal identification \\ name & no. & number (PIN) & & & \\ \hline \end{tabular} Sign Under penalties of perjury, I dedare that I have examined this return and accompanying schedules and statements, and Here taxpayer) is based on all information of which preparer has any knowledge. Joint return? See instructions. Keep a copy for your records. Your signature \begin{tabular}{|l|l} Date \\ \hline Date \\ \hline Email address \\ \hline \end{tabular} Paid Preparer Preparer's name Use Only Firm's name b \begin{tabular}{|l|l|l|l|} \hline Preparer's signature Self-Prepared & Date & prin & Check if: o Self-employed \\ \hline \end{tabular} Phone no. Firm's EIN : Note: This problem is for the 2021 tax year. Logan B. Taylor is a widower whose wife, Sara, died on June 6, 2019. He lives at 4680 Dogwood Lane, Springfield, MO 65801 . He is employed as a paralegal by a local law firm. During 2021 , he had the following receipts: in securities worth $60,000 from his uncle, Daniel, who died in 2021. Logan also was the designated beneficiary of an held as an investnent. Because the maturity value of $200,000. The lot in St. Louis was purchased on May 2,2016, for $85,000 and for $80,000. The estate sale consisted largely of has deteriorated, Logan decided to cut his losses and sold the lot on January 5 , 2021, hunting equipment). Logan estimates that of items belonging to Sara and Daniel (e.o., camper, boat, furniture, and fishing and stayed the same in value since Sara and Danel did. While Logan and his dependents are covered by his employer's health insurance policy, he is subject to a deductible, and dental care is not included. The $10,500 dental charge was for Helen's implants. Helen is Logan's widowed mother, who lives with him (see below). Logan normally pledges $2,400 (\$200 per month) each year to his church. On December 5,2021 , upon the advice of his pastor, he prepaid his pledge for 2022. Logan's household, all of whom he supports, includes the following: Helen recelves a modest Social Security benefit, Asher, a son, is a full-time student hn dental school and earns $4,500 as a part-time dental assistant. Mia, a daughter, does not work and is engaged to be married. Federal income tax of $4,200 was withheld from his wages. Logan's household, all of whom he supports, includes the following: Helen receives a modest Social Security benefit. Asher, a son, is a full-time student in dental school and earns $4,500 as a part-time dental assistant. Mia, a daughter, does not work and is engaged to be married. Federal income tax of $4,200 was withheld from his wages. Required: Compute Logan's income tax for 2021. If Logan has any overpayment on his income tax, he wants the refund sent to him. Assume that the proper amounts of Social Security and Medicare taxGs were withheld. Logan received the appropriate coronavirus recovery rebates (economic impact payments); related questions in Proconnect Tax should be ignored. Logan does not own and did not use any virtual currency during the year, and he does not want to contribute to the Presidential Election Campaign Fund. - Make realistic assumptions about any missing data. - Enter all amounts as positive numbers except any losses. Use the minus sign to indicate a loss. - If an amount box does not require an entry or the answer is zero, enter " 0 ". - It may be necessary to complete the other tax schedules before completing form 1040. - Use the included tax rate schedules to compute the tax. When computing the tax liability, do not round your immediate calculations. If required round your final answers to the nearest dollar. Complete Form 1040 below for Logan Taylor. 1 Wages, salaries, tips, etc. Attach Form(s) W-2. mron w mannane, rnvucy mi, anu raperwork reaucuon nct Notuce, see separate instructions. It you have a qualifing child, attach Sch, EIC. Third Party Do you want to allow another person to discuss this return with the IRS? See instructions. Yes. Complete below. Designee \begin{tabular}{lll|l|l|l|l|} Designee's & Phone & Personal identification \\ name & no. & number (PIN) & & & \\ \hline \end{tabular} Sign Under penalties of perjury, I dedare that I have examined this return and accompanying schedules and statements, and Here taxpayer) is based on all information of which preparer has any knowledge. Joint return? See instructions. Keep a copy for your records. Your signature \begin{tabular}{|l|l} Date \\ \hline Date \\ \hline Email address \\ \hline \end{tabular} Paid Preparer Preparer's name Use Only Firm's name b \begin{tabular}{|l|l|l|l|} \hline Preparer's signature Self-Prepared & Date & prin & Check if: o Self-employed \\ \hline \end{tabular} Phone no. Firm's EIN