The following information is available for the Albert and Allison Gaytor family in addition to that provided in Chapters 1, 2, 3 and 4.

Albert and Allison received the following form:

Albert and Allison paid the following in 2020 (all by check or can otherwise be substantiated):

In August 2020, Crocker was on an out-of-town field trip with the university band and his appendix burst. He required immediate surgery which was considered “out of network” for the Gaytor’s health plan resulting in hospital and doctor’s fees of $3,150 not covered by insurance. In addition, Allison drove 310 miles round trip to be with Crocker after the surgery and drove him home after he recovered. She spent two nights in a hotel at a cost of $170 per night.

In June, Albert purchased a new professional digital SLR camera for $7,950. While the Gaytors were on vacation in August, someone broke into their residence and stole the camera. Albert’s homeowners’ insurance did not reimburse him for any part of the loss since he declined the special premium add-on for high value items required by his policy.

For the 2020 tax year, on April 15, 2021, Albert contributes $6,000 to his traditional IRA and Allison contributes $6,000 to her traditional IRA. Albert is not covered by a qualified retirement plan at work.

Albert managed to gather his gambling loss documentation and can substantiate gambling losses of $4,561 in 2020 (refer back to Chapter 2 for gambling winnings).

Required: Combine this new information about the Gaytor family with the information from Chapters 1, 2, 3 and 4 and complete a revised 2020 tax return for Albert and Allison. Be sure to save your data input files since this case will be expanded with more tax information in later chapters.