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[answered] LEO Doe is divorced and has the following tax information f


LEO Doe is divorced and has the following tax information for 2015.

LEO's address is 123 Main Street, Annapolis, MD. 12345

LEO's social security number is 123-45-6789.

LEO's 9 year old son (GEO) lives with him year-round and LEO has sole custody. GEO's social security number is 987-65-4321.? LEO claims the exemption for his son.

LEO's occupation is a photographer.

Wages

LEO's 2015 wage was $50,000.

Federal taxes withheld was $6,000

State taxes withheld was $3,000

Other income

Interest earned on bank account = $50

LEO was laid-off in the second half of the year. After being laid off, LEO received Unemployment Compensation of $4,000 for three months.? (No taxes were withheld).

After unemployment compensation ended, LEO performed several freelance photography jobs out of his home. He earned $2,000. He only tracked two expenses. He drove his car 400 miles related to the photography jobs. Supplies were $300. (You may ignore self-employment taxes).

IRA and other expenses

Contributed to a Roth IRA = $4,000

Mortgage interest = $7,900

Property tax on home = $2,200

Church donations = $2,100

Clothing and housewares donated to Goodwill = $100

LEO and GEO medical expenses = $1,100

LEO gave his mother $1,000 to help her with medical expenses

Pet food and veterinary expenses = $400

Tax preparation fee = $300

GEO's before/after school child care expenses = Zero.? His grandparents take care of him during this time.

In 2015, LEO?s motorcycle was stolen.? LEO paid $2,000 for the motorcycle on 1/1/2010.? It has a fair market value of $800 when stolen.? The motorcycle was not insured.? It was used personally - not for business.

Complete Form 1040 (pages 1 and 2), Schedule A, Schedule C, and Form 4684.


Form 1040 2015 (99) Department of the Treasury?Internal Revenue Service U.S. Individual Income Tax Return For the year Jan. 1?Dec. 31, 2015, or other tax year beginning

 

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