Walter's Forms W-2 and 1099-DIV e Employee's first name and initial Last Suff. 11 Nonqualified plans 12a See instructions for box 12 name C Walter Black 883 Scrub Brush Street, Apt. 52B DD $7,900.00 Las Vegas, NV 89125 13 Statutory Retirement Third-party 12b employee plan sick pay C X d 14 Other 12c CWalter's Forms W-2 and 1099-DIV O CORRECTED (if checked) PAYER'S name, street address, city or town, state or province, 1a Total ordinary OMB No. 1545-0110 country, ZIP or foreign postal code, and telephone no. dividends Dividends $ 1,500.00 2020 and Cyber Equities Fund 41 Wall Street 1b Qualified dividends Distributions New York, NY 10005 $ 1,050.00 Form 1099-DIV 2a Total capital gain 2b Unrecap. Sec. 1250 distro gain $ 6,700.23Walter's Forms W-2 and 1099-DIV PAYER'S TIN RECIPIENT'S TIN 2c Section 1202 gain 2d Collectibles (28%) gain 17-1234326 222-43-7690 RECIPIENT'S name 3 Nondividend 4 Federal income tax distributions withheld Copy B Skylar B. Black S For Recipient 5 Section 199A 6 Investment expenses dividends Street address (including apt. no.) $ This is important tax information and is being 7 Foreign tax paid 8 Foreign country or U.S. 883 Scrub Brush Street, #52B furnished to the IRS. If possession you are required to fileWalter's Forms W-2 and 1099-DIV 9 Cash liquidation 10 Noncash liquidation sanction may be distributions distributions imposed on you if this income is taxable and Las Vegas, NV 89125 the IRS determines that it has not been reported. FATCA filing 11 Exempt-interest 12 Specified private requirement dividends activity bond interest dividends 0 Account number (see instructions) 13 State 14 State 15 State tax withheld identification noForm 1040 1 Wages, salaries, tips, etc. Attach Form(s) W-2 . . .. 54,300 Attach 2a Tax-exempt interest . . 2a b Taxable interest . . 2b Sch. B if required. 3a Qualified dividends . . . 3a 1,050 V b Ordinary dividends . . . 3b 1,500 4a IRA distributions . . . . 4a b Taxable amount . . . . 4b 5a Pensions and annuities 5a d Taxable amount . . . 5b Standard 6a Social security benefits 6a Taxable amount . . . 6b Deduction for- 7 Capital gain or (loss). Attach Schedule D if required. If not required, check here .. 7 X . Single or Married filing 8 Other income from Schedule 1, line 9 . . . 8 separately, $12,400 9 Add lines 1, 2b, 3b, 4b, 5b, 6b, 7, and 8. This is your total income . . 9 Married filingSchedule 1 Complete Schedule 1 for Walter and Skylar Black. SCHEDULE 1 OMB No. 1545-0074 (Form 1040) Additional Income and Adjustments to Income 2020 Department of the Treasury Attach to Form 1040, 1040-SR, or 1040-NR. Attachment Internal Revenue Service Go to www.irs.gov/Form1040 for instructions and the latest information. Sequence No. 01 Name(s) shown on Form 1040, 1040-SR, or 1040-NR Your social security number Walter and Skylar Black 700-01-0002 Part I Additional Income 1 Taxable refunds, credits, or offsets of state and local income taxes . . . . 1 2a Alimony received . . . . . 2a b Date of original divorce or separation agreement (see instructions) 3 Business income or (loss). Attach Schedule C . . . . . 3 4 Other gains or (losses). Attach Form 4797 . . . 5 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E . . 5 X 6 Farm income or (loss). Attach Schedule F . . 6 7 Unemployment compensation . . . 7 8 Other income. List type and amount9 Combine lines 1 through 8. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 8 . . . . 9 Part II Adjustments to Income 10 Educator expenses . . 10 11 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 . . . 11 12 Health savings account deduction. Attach Form 8889 . . 12 13 Moving expenses for members of the Armed Forces. Attach Form 3903 . . 13 14 Deductible part of self-employment tax. Attach Schedule SE . 14 15 Self-employed SEP, SIMPLE, and qualified plans . . 15 16 Self-employed health insurance deduction . . 16 17 Penalty on early withdrawal of savings . . 17 18a Alimony paid . . . 18a b Recipient's SSN . . c Date of original divorce or separation agreement (see instructions) 19m Long-Term Capital Gains and LossesGenerally Assets Held More Than One Year (see instructions) (h) Gain or (loss) {9} Adjustments to gain or loss from Formts) 8949, Part 11, line 2, column to} See instructions for how to gure the amounts to enter on the lines below. Subtract oolumn {d} Prooeeds (sales (2} (e) from column Cost (or other This form may be easier to complete if you round o1'l= cents to price) basis) (93 and combine whole dollars. the result With oolumn (g) Ba Totals for all long-term transactions reported on Form 1099-3 for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 8b ..... BI: Totals for all transactions reported on Form(s) 8949 with Box D checked .............................. Totals for all transactions reported on Form[s) 8949 with Box E checked .............................. 10 Totals for all transactions reported on Form(s) 8949 with Box F checked .............................. 11 Gain from Form 4?9}', Part I; long-term gain from Forms 2439 and 6252; and long-term gain or (loss) from '11 10 Totals for all transactions reported on Formts) 8949 with Box F checked .............................. 11 Gain from Form 4?9}', Part I; long-term gain from Forms 2439 and 6252; and long-term gain or (loss) from 11 Forms 4634, 61131, and 8324 ............................................... 12 Net long-term gain or {loss} from partnerships, S corporations, estates, and trusts from Schedule{s) K-1 12 13 Capital gain distributions. See the instructions .......................................... 13 [:1 14 Long-term capital loss carryover. Enter the amount, if any, from line 13 of your Capital Loss Carwover Worksheet in the instructions ............................................. 14 j 15 Net long-term capital gain or (loss). Combine lines Ba through 14 in column {h}. Then, go to Part III on the b... .................................................................. .5 :1 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 1 1338H Schedule D (Form 1040} 2020 Schedule D {Form 1040) 2020 Walter and Skylar Black FDU-Ul-ODUE Page 2 Part III Summary 16 Combine lines II" and 15 and enter the result ............................................ 16 C] - If line 16 is a gain, enter the amount from line 16 on Form 1040, 104U-SR, or 1040-NR, line 3'. Then, go to line 1? below. - If line 16 is a loss, skip lines 1? through 20 below. Then. go to line 21. Also be sure to complete line 22. - If line 16 is zero, skip lines 1? through 21 below.I and enter-El- on Form 1040, HMO-SR, or HMO-NR, limn 7 Then an tn line '33 18 If you are required to complete the 28% Rate Gain Worksheet (see instructions), enter the amount, if any, from line 7 of that worksheet . . . 18 19 If you are required to complete the Unrecaptured Section 1250 Gain Worksheet (see instructions), enter the amount, if any, from line 18 of that worksheet . . . 19 20 Are lines 18 and 19 both zero or blank? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Forms 1040 and 1040-SR, line 16. Don't complete lines 21 and 22 below. No. Complete the Schedule D Tax Worksheet in the instructions. Don't complete lines 21 and 22 below. 21 If line 16 is a loss, enter here and on Form 1040, 1040-SR, or 1040-NR, line 7, the smaller of: . The loss on line 16; or 21 ( . ($3,000), or if married filing separately, ($1,500) . . . . . .. Note: When figuring which amount is smaller, treat both amounts as positive numbers. 22 Do you have qualified dividends on Form 1040, 1040-SR, or 1040-NR, line 3a? 0 Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Forms 1040 and 1040-SR, line 16.1 Adjustment, if any, to gain or (h) Gain or (e) loss. If you enter an amount in Cost or other column (9), enter a code in column (loss). Subtract (d) basis. See (f). See the separate (a) (c) (b) instructions. column (e) Proceeds the Note Description of property Date sold or from column Date acquired (sales price) below and (Example: 100 sh. XYZ disposed of (d) and (Mo., day, yr.) (see see Column Co.) (Mo., day, yr.) (f) (g) combine the instructions) (e) in the Code(s) from Amount of result with separate instructions adjustment column (9) instructions Maine primary residence 07/03/95 01/04/202 Totals. Add the amounts in columns (d), (e), (9), and (h) (subtract negative amounts). Enter each total here and include on your Schedule D, line 8b (if Box D above is checked), line 9 (if Box E above is checked), or line 10 (if Box F above is checked) Note: If you checked Box D above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (9) to correct the basis. See Column (9) in the separate instructions for how to figure the amount of the adjustment. Form 8949 (2020)SCHEDULE E Supplemental Income and Loss OMB No. 1545-0074 (Form 1040) ( From rental real estate, royalties, partnerships, S corporations, estates, 2020 trusts, REMICs, etc.) Department of the Treasury Attachment Attach to Form 1040, 1040-SR, 1040-NR, or 1041. Internal Revenue Service (99) > Go to www.irs.gov/ScheduleE for instructions and the latest information. Sequence No. 13 Name(s) shown on return Your social security number Walter and Skylar Black 700-01-0002 Part I Income or Loss From Rental Real Estate and Royalties Note: If you are in the business of renting personal property, use Schedule C (see instructions). If you are an individual, report farm rental income or loss from Form 4835 on page 2, line 40. A Did you make any payments in 2020 that would require you to file Form(s) 1099? (see instructions) 0 Yes NO B If "Yes," did you or will you file required Forms 1099? D Yes O NO 1a Physical address of each property (street, city, state, ZIP code) A 123 Buncombe Lane, Brian Head, UT 84719 B C Type of Property Fair Rental 1b 2 For each rental real estate property Personal Use QJV (from list below) listed above, report the number of fair Days Days A rental and personal use days. Check the A QJV box only if you meet the B requirements to file as a qualified joint B C venture. See instructions. CType of Property: 1 Single Family Residence 3 Vacation/Short-Term Rental 5 Land 7 Self-Rental 2 Multi-Family Residence 4 Commercial 6 Royalties 8 Other (describe) Income: Properties: A B C 3 Rents received . . 3 4 Royalties received . . . . Expenses: 5 Advertising . . 5 6 Auto and travel (see instructions) . . . . . 6 7 Cleaning and maintenance . . 7 8 Commissions . . . 8 9 Insurance . . 9 10 Legal and other professional fees 10 11 Management fees . . . . 11 12 Mortgage interest paid to banks, etc. (see instructions) 12 13 Other interest . . 13 14 Repairs . . 14 15 Supplies . . . 15 16 Taxes . . 1617 Utilities . . 17 18 Depreciation expense or depletion . . . . 18 19 Other (list) Homeowners' dues 19 20 Total expenses. Add lines 5 through 19 . . . 20 21 Subtract line 20 from line 3 (rents) and/or 4 (royalties). If result is a (loss), see instructions to find out if you must file Form 6198 . . 21 22 Deductible rental real estate loss after limitation, if any, on Form 8582 (see instructions) . . . . . 22 23a Total of all amounts reported on line 3 for all rental properties . . . . . 23a b Total of all amounts reported on line 4 for all royalty properties . . 23b c Total of all amounts reported on line 12 for all properties . . . . . 23c d Total of all amounts reported on line 18 for all properties . . 23d e Total of all amounts reported on line 20 for all properties . . . 23e 24 Income. Add positive amounts shown on line 21. Do not include any losses . 24 25 Losses. Add royalty losses from line 21 and rental real estate losses from line 22. Enter total losses here 25 26 Total rental real estate and royalty income or (loss). Combine lines 24 and 25. Enter the result here. If Parts II, III, IV, and line 40 on page 2 do not apply to you, also enter this amount on Schedule 1 (Form 1040), line 5. Otherwise, include this amount in the total on line 41 on page 2 . . 26 For Paperwork Reduction Act Notice, see the separate instructions. Cat. No. 11344L Schedule E (Form 1040) 2020Name(s) shown on return Identifying number Walter and Skylar Black 700-01-0002 Part I 2020 Passive Activity Loss Caution: Complete Worksheets 1, 2, and 3 before completing Part I. Rental Real Estate Activities With Active Participation (For the definition of active participation, see Special Allowance for Rental Real Estate Activities in the instructions.) 1a Activities with net income (enter the amount from Worksheet 1, column (a)) 1a b Activities with net loss (enter the amount from Worksheet 1, column (b)) 1b Prior years' unallowed losses (enter the amount from Worksheet 1, column (c) ) . . . . . ... 1c d Combine lines la, 1b, and 1c . . 1d Commercial Revitalization Deductions From Rental Real Estate Activities 2a Commercial revitalization deductions from Worksheet 2, column (a) . . . . 2a b Prior year unallowed commercial revitalization deductions from Worksheet 2, column (b) . . . 2b c Add lines 2a and 2b . . 2c All Other Passive Activities 3a Activities with net income (enter the amount from Worksheet 3, column (a)) 3a b Activities with net loss (enter the amount from Worksheet 3, column (b)) 3b ( c Prior years' unallowed losses (enter the amount from Worksheet 3, column (c)) . . 3c (4 Combine lines 1d, 2c, and 3d. If this line is zero or more, stop here and include this form with your return; all losses are allowed, including any prior year unallowed losses entered on line 1c, 2b, or 3c. Report the losses on the forms and schedules normally used . . . . . If line 4 is a loss and: . Line 1d is a loss, go to Part II. . Line 2c is a loss (and line 1d is zero or more), skip Part II and go to Part III. . Line 3d is a loss (and lines id and 2c are zero or more), skip Parts II and III and go to line 15. Caution: If your filing status is married filing separately and you lived with your spouse at any time during the year, do not complete Part II or Part III. Instead, go to line 15. Part II Special Allowance for Rental Real Estate Activities With Active Participation Note: Enter all numbers in Part II as positive amounts. See instructions for an example. 5 Enter the smaller of the loss on line 1d or the loss on line 4 . . . 5 6 Enter $150,000. If married filing separately, see instructions . 7 Enter modified adjusted gross income, but not less than zero. See instructions . . 7 Note: If line 7 is greater than or equal to line 6, skip lines 8 and 9, enter -0- on line 10. Otherwise, go to line 8. 8 Subtract line 7 from line 6 . . . . 8 9 Multiply line 8 by 50% (0.5). Do not enter more than $25,000. If married filing separately, see instructions 9 10 Enter the smaller of line 5 or line 9 . . . 10 If line 2c is a loss, go to Part III. Otherwise, go to line 15.Part III Special Allowance for Commercial Revitalization Deductions From Rental Real Estate Activities Note: Enter all numbers in Part III as positive amounts. See the example for Part II in the instructions. 11 Enter $25,000 reduced by the amount, if any, on line 10. If married filing separately, see instructions 11 12 Enter the loss from line 4 . . . . . 12 13 Reduce line 12 by the amount on line 10 . 13 14 Enter the smallest of line 2c (treated as a positive amount), line 11, or line 13 14 Part IV Total Losses Allowed 15 Add the income, if any, on lines la and 3a and enter the total. . . 15 16 Total losses allowed from all passive activities for 2020. Add lines 10, 14, and 15. See instructions to find out how to report the losses on your tax return . . . . 16 For Paperwork Reduction Act Notice, see instructions. Cat. No. 63704F Form 8582 (2020)Qualified Dividends and Capital Gain Tax Worksheet-Line 16 Before you begin: See the earlier instructions for line 16 to see if you can use this worksheet to figure your tax. Before completing this worksheet, complete Form 1040 or 1040-SR through line 15. If you don't have to file Schedule D and you received capital gain distributions, be sure you checked the box on Form 1040 or 1040-SR, line 7. 1. Enter the amount from Form 1040 or 1040-SR, line 15. However, if you are filing Form 2555 (relating to foreign earned income), enter the amount from line 3 of the Foreign Earned Income Tax Worksheet . . 1. 2. Enter the amount from Form 1040 or 1040-SR, line 3a* . ... 2. 3. Are you filing Schedule D?* Yes Enter the smaller of line 15 or 16 of Schedule D. If either line 15 or 16 is blank or a loss, enter -0-. 7 3. O No Enter the amount from Form 1040 or 1040-SR, line 7. 4. Add lines 2 and 3 . . . 4. 5. If filing Form 4952 (used to figure investment interest expense deduction), enter any amount from line 4g of that form. Otherwise, enter -0-. . 5, 6. Subtract line 5 from line 4. If zero or less, enter -0- 6. 7. Subtract line 6 from line 1. If zero or less, enter -0- . 7 .b Employer identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheld 31-1239867 54,300.00 4,100.00 c Employer's name, address, and ZIP code 3 Social security wages 4 Social security tax withheld Las Vegas School District 54,300.00 3,366.60 2234 Vegas Valley Drive 5 Medicare wages and tips 6 Medicare tax withheld Las Vegas, NV 89169 54,300.00 787.35 7 Social security tips 8 Allocated tips d Control number 9 10 Dependent care benefits e Employee's first name and initial Last Suff. 11 Nonqualified plans 12a See instructions for box 12 name C Walter Black DD 883 Scrub Brush Street, Apt. 52B $7,900.00 d Las Vegas, NV 89125 13 Statutory Retirement Third-party 12b employee plan sick pay C 0 X A 14 Other 12c