Warner and Augustine Robins, both 33 years old, have been married for 9 years and have no dependents.

Warner is the president of Dragon Lady Corporation located in Macon. The Dragon Lady stock is owned 40 percent by Warner, 40 percent by Augustine, and 20 percent by Warner's father.

Warner and Augustine received the following tax documents:

1) W-2 Form

2) Form 1099-INT

3) Form 1098

4) Letter from Macon Museum of Arts regarding their charitable contribution.

These items are located on separate tabs.

The Robins paid the following amounts (all can be substantiated):

General state sales tax $2,120

Auto loan interest $4,800

Medical insurance $11,345

Income tax preparation fee $750

Charitable contributions in cash:

Church $2,665

Tree Huggers Foundation (a qualified charity) $3,000

Central Georgia Technical University $5,000

Safe-deposit box $200

The tax basis for the donated painting is $25,000 and the painting has been owned by Warner and Augustine for 5 years.

Dragon Lady does not cover health insurance for its employees. In addition to Warner and Augustine's health insurance premiums shown above, Augustine required surgery which cost $6,654 for which only $3,002 was covered by insurance. Warner had to drive Augustine 150 miles each way to a surgical center.

On January 1, 2019, Warner sold land to Dragon Lady Corporation for $75,000. He acquired the land 5 years ago for $160,000. No Form 1099-B was filed for this transaction.

Dragon Lady Corporation does not have a qualified pension plan or Section 401(k) plan for its employees. Therefore, Warner deposited $12,000 ($6,000 each) into traditional IRA accounts for Augustine and himself (neither are covered by a qualified plan at work).

Required:

Complete Warner and Augustine's Form 1040 and Schedules 1, A, and D and Form 8949.

• Make realistic assumptions about any missing data.
• The taxpayers did not have health insurance coverage for the entire year and they do not want to make a contribution to the presidential election campaign.
• Enter all amounts as positive numbers, unless instructed otherwise.
• 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.

O VOID CORRECTED RECIPIENT'S/LENDER'S name, street address, city or town, state or OMB No. 1545-1380 province, country, ZIP or foreign postal code, and telephone no. 2019 Mortgage Interest Statement Form 1098 Georgia National Bank 520 Walnut Street 1 Mortgage interest received from payer(s)/borrower(s) Copy C Macon, GA 31201 $ 35,373.23 RECIPIENT'S/LENDER'S TIN PAYER'S/BORROWER'S TIN 2 Outstanding mortgage For Recipient/ principal 3 Mortgage origination date Lender $ 870,000.00 10/13/2011 4 Refund of overpaid 5 Mortgage insurance 23-8787878 798-09-8526 interest premiums PAYER'S/BORROWER'S name $ $ For Privacy Act and Paperwork 6 Points paid on purchase of principal residence Reduction Act Warner & Augustine Robins Notice, see the Street address (including apt. no.) 7 If address of property securing mortgage is the same 2019 General as PAYER'S/BORROWER'S address, check the box, or enter Instructions for the address or description in box 8. Certain 638 Russell Parkway Information City or town, state or province, country, and ZIP or foreign postal code 8 Address or description of property securing mortgage (see Returns. instructions) Macon, GA 31207 9 Number of properties securing the 10 Other mortgage Prop tax $6,650.00 11 Mortgage acquisition date Account number (see instructions) Form 1098 www.irs.gov/Form1098 Department of the Treasury - Internal Revenue ServiceCORRECTED (if checked) PAYER'S name, street address, city or town, state or province, country, ZIP Payer's RTN (optional) OMB No. 1545-0112 or foreign postal code, and telephone no. Interest 1 Interest income 2019 Income $ Georgia National Bank 532.12 Form 1099-INT 520 Walnut Street 2 Early withdrawal penalty Macon, GA 31201 Copy B PAYER'S TIN RECIPIENT'S TIN $ 300.00 3 Interest on U.S. Savings Bonds and Treas. obligations For Recipient 23-8787878 445-81-1423 $ RECIPIENT'S name 4 Federal income tax withheld 5 Investment expenses This is important tax $ information and is being furnished to the Augustine and Warner Robins 6 Foreign tax paid 7 Foreign country or U.S. possession IRS. If you are Street address (including apt. no.) $ required to file a 8 Tax-exempt interest 9 Specified private activity bond return, a negligence penalty or other 638 Russell Parkway interest sanction may be City or town, state or province, country, and ZIP or foreign postal code $ $ imposed on you if 10 Market discount 11 Bond premium this income is Macon, GA 31207 G taxable and the IRS determines that it has FATCA filing $ $ not been reported. requirement 12 Bond premium on Treasury obligations 13 Bond premium on tax-exempt bond $ $ Account number (see instructions) 14 Tax-exempt and tax credit 15 State 16 State identification no. | 17 State tax withheld bond CUSIP no. Form 1099-INT keep for your records www.irs.gov/Form1099INT Department of the Treasury - Internal Revenue ServiceMacon Museum of A115 3231 W Ave. MaconJr GA 31204 November 23, 2019 Mr. and Mrs. Warner and Augustine Robins 628 Russell Parkway Macon, GA 31207 Dear Mr. and Mrs. Robins: Thank you for your contribution of the original album cover art for the Almond Sisters Band to the Macon Museum of Arts. This gift supports the Macon Museum's efforts to bring original and my art work to Macon. This continuing support will guarantee our ability to display Almond Sister aELwock for many years to come. We have attached a copy of the appraiser's market valuation. Her analysis estimates the value of the painting at $34,505. Please keep this written acknowledgment of your donation for your tax records. As a token of our appreciation for your support, we have mailed you the Macon Museum tote bag. We estimate the value of the tote bag to be $5. We are required to inform you that your federal income tax deduction for your contribution is the amount of your contribution less the value of the tote bag. Thank you for your continuing support for our important work in this field! Please retain this letter as proof of your charitable contribution. Thank you for helping us to help veterans. Sinoerely, Jack T. Mann Art Development Ofcer Employer Identication Number 22-123456? Macon Museum of Arts is a registered 5D1{c)[3} corporation a Employee's social security number This information is being furnished to the Internal Revenue Service. If you 798-09-8526 OMB No. 1545-0008 are required to file a tax return, a negligence penalty or other sanction may be imposed on you if this income is taxable and you fail to report it. b Employer identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheld 43-4321567 152, 450.00 7, 200.00 c Employer's name, address, and ZIP code 3 Social security wages 4 Social security tax withheld Dragon Lady Corp. United States 132, 900.00 8, 239.8 1670 Eisenhower PKwy. 5 Medicare wages and tips 6 Medicare tax withheld 152, 450.00 2, 210.53 Address (line 2) : 7 Social security tips 8 Allocated tips Macon GA 31206 Phone : Click To Add Click To Add - d Control number 9 10 Dependent care benefits Click To Add - Click To Add e Employee's first name and initial Last name Suff. 11 Nonqualified plans 12a See instructions for box 12 Click To Add Cl - Click To Add - First Name : Middle Last Name: Name Suffix 13 Statutory Retirement Third-party employee plan sick pay 12b Address : C1 - Click To Add - Address (line 2) : 14 Other 12c City : State : Zip : Click To Add - C1 Click To Add - Click To Add 12d United States Phone : C1 Click To Add - f Employee's address and ZIP code Click To Add - 15 State Emplover's state ID number 16 State wages. tips, etc. 17 State income tax 18 Local wages. tips. etc. 19 Local income tax 20 Locality name GA 5643E25 152, 450.00 4, 000.00 Click To Add - Click To Add Click To Clic - Click To Add - Click To Add - Click To Add . Click To Add - Click To Add - Click To Department of the Treasury-Internal Revenue Service Form W-2 Wage and Tax Statement 2019 Safe, accurate, JAs? ~ file FAST! Use