only 3 check for entire assignment email for help Note: This problem is for the 2018 tax year. Fillimized deduch in for assis Logan B. Taylor is a widower whose wife, Sara, died on June 6, 2016. He lives at 4680 Dogwood Lane Springfield, MO 65801. He is employed as a paralegal by a local law firm. For 2018, he reported the following receipts. $ 80,000 H2 incime linel 81,400 4.400/5 Isalary is included Interest income- Money market account at OmniBanktokolde $300 Savings account at Bosne State Bank tayalde 1,100 City of Springfield general purpose bonds not taxad 3,000 Inheritance from Danielno taxable 60,000 stk Life insurance proceeds no taralde 200,000 are not repare where Amount from sale of St. Louis lot toyable reportschule 780,000 Grain on sale Proceeds from estate sale rol invable part of inheritance 9,000 - 3000 Federal income tax refund (for 2017 tax overpayment) dont have to report - 700 Fox 49 GTO SOMOS In 2018, Logan inherited securities worth $60,000 from his deceased uncle, Daniel, Logan also was the designated beneficiary of an insurance policy on Daniel's life with a maturity value of $200,000. The lot in St. Louis was purchased on May 2, 2013, for $85,000 and held as an investment. Because the neighborhood has deteriorated, Logan decided to cut his losses and sold the lot on January 5, 2018, for $80,000. The estate sale consisted largely of items belonging to Sara and Daniel (e.g., camper, boat, furniture, and fishing and hunting equipment). Logan estimates that the property sold originally cost at least twice the $9,000 he received and has declined or stayed the same in value19 since Sara and Daniel died. 1 400 Tiny Logan's other 2018 expenditures include the following. * 85.000pr +9k9403D 80,00D sid+ 9 = 99.00 Jary (5.000) Loss on sale, = 3000) only allowed Medical expenses (including $10,500 for dental services) Taxes State of Missouri income tax (includes withholdings) Property taxes on personal residence Interest on home mortgage Contribution to church (paid pledges for 2018 and 2019) $11,500 $4,200 - upotrebe 4,500 8,700 5,600 4,800 Logan and his dependent were covered by his employer's health insurance policy for all of 2018. However, 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, 2018, upon the advice of his pastor, he prepaid his pledge for 2019. Logan's household, all of whom he supports, includes the following Palth $10. Logan Taylor (age 48) Helen Taylor (age 70) Asher Taylor (age 23) Mia Taylor (age 22) Social Security Number Birth Date 123-45-6787 08/30/1970 123-45-6780 01/13/1948 123-45-6783 07/18/1995 123-45-6784 02/16/1996 Loga 'ice Helen, Logan's mother, 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 $4,500 was withheld from his wages. Required: Compute Logan's 2018 Federal income tax. 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 taxes were withheld. Logan 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 Hability, do not round your immediate calculations. If required round your final answers to the nearest dollar. Schedule Line aax includes Line 13 Linea opes to D4D Linele 1040 #1040 Lineaa (661.ool - Line 7 (78,400 adjusted Gross Income If you get 78,400, everything so far is correct Uludy I don't know how to get the numbers, then how/where they go on the forms. I need help with filling in the tax forms to 1040, schedule 1 Scheduled, 2018 scheduled form 8949 using the 2018 Tax Return schedule and completing the follow-up Advice and letter. only 3 check for entire assignment email for help Note: This problem is for the 2018 tax year. Fillimized deduch in for assis Logan B. Taylor is a widower whose wife, Sara, died on June 6, 2016. He lives at 4680 Dogwood Lane Springfield, MO 65801. He is employed as a paralegal by a local law firm. For 2018, he reported the following receipts. $ 80,000 H2 incime linel 81,400 4.400/5 Isalary is included Interest income- Money market account at OmniBanktokolde $300 Savings account at Bosne State Bank tayalde 1,100 City of Springfield general purpose bonds not taxad 3,000 Inheritance from Danielno taxable 60,000 stk Life insurance proceeds no taralde 200,000 are not repare where Amount from sale of St. Louis lot toyable reportschule 780,000 Grain on sale Proceeds from estate sale rol invable part of inheritance 9,000 - 3000 Federal income tax refund (for 2017 tax overpayment) dont have to report - 700 Fox 49 GTO SOMOS In 2018, Logan inherited securities worth $60,000 from his deceased uncle, Daniel, Logan also was the designated beneficiary of an insurance policy on Daniel's life with a maturity value of $200,000. The lot in St. Louis was purchased on May 2, 2013, for $85,000 and held as an investment. Because the neighborhood has deteriorated, Logan decided to cut his losses and sold the lot on January 5, 2018, for $80,000. The estate sale consisted largely of items belonging to Sara and Daniel (e.g., camper, boat, furniture, and fishing and hunting equipment). Logan estimates that the property sold originally cost at least twice the $9,000 he received and has declined or stayed the same in value19 since Sara and Daniel died. 1 400 Tiny Logan's other 2018 expenditures include the following. * 85.000pr +9k9403D 80,00D sid+ 9 = 99.00 Jary (5.000) Loss on sale, = 3000) only allowed Medical expenses (including $10,500 for dental services) Taxes State of Missouri income tax (includes withholdings) Property taxes on personal residence Interest on home mortgage Contribution to church (paid pledges for 2018 and 2019) $11,500 $4,200 - upotrebe 4,500 8,700 5,600 4,800 Logan and his dependent were covered by his employer's health insurance policy for all of 2018. However, 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, 2018, upon the advice of his pastor, he prepaid his pledge for 2019. Logan's household, all of whom he supports, includes the following Palth $10. Logan Taylor (age 48) Helen Taylor (age 70) Asher Taylor (age 23) Mia Taylor (age 22) Social Security Number Birth Date 123-45-6787 08/30/1970 123-45-6780 01/13/1948 123-45-6783 07/18/1995 123-45-6784 02/16/1996 Loga 'ice Helen, Logan's mother, 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 $4,500 was withheld from his wages. Required: Compute Logan's 2018 Federal income tax. 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 taxes were withheld. Logan 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 Hability, do not round your immediate calculations. If required round your final answers to the nearest dollar. Schedule Line aax includes Line 13 Linea opes to D4D Linele 1040 #1040 Lineaa (661.ool - Line 7 (78,400 adjusted Gross Income If you get 78,400, everything so far is correct Uludy I don't know how to get the numbers, then how/where they go on the forms. I need help with filling in the tax forms to 1040, schedule 1 Scheduled, 2018 scheduled form 8949 using the 2018 Tax Return schedule and completing the follow-up Advice and letter