TAX ASSIGNMENT

profileKendrick18
StarksTaxReturnWeekCasualtiesandThefts.pdf

F o

rm 1040 2020U.S. Individual Income Tax Return Department of the Treasury—Internal Revenue Service (99) OMB No. 1545-0074 IRS Use Only—Do not write or staple in this space. Filing Status Check only one box.

Single Married filing jointly Married filing separately (MFS) Head of household (HOH) Qualifying widow(er) (QW)

If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QW box, enter the child’s name if the qualifying person is a child but not your dependent a

Your first name and middle initial Last name Your social security number

If joint return, spouse’s first name and middle initial Last name Spouse’s social security number

Home address (number and street). If you have a P.O. box, see instructions. Apt. no.

City, town, or post office. If you have a foreign address, also complete spaces below. State ZIP code

Foreign country name Foreign province/state/county Foreign postal code

Presidential Election Campaign Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change your tax or refund.

You Spouse

At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? Yes No

Standard Deduction

Someone can claim: You as a dependent Your spouse as a dependent Spouse itemizes on a separate return or you were a dual-status alien

Age/Blindness You: Were born before January 2, 1956 Are blind Spouse: Was born before January 2, 1956 Is blind

Dependents (see instructions): If more than four dependents, see instructions and check here a

(2) Social security number

(3) Relationship to you

(4) � if qualifies for (see instructions): (1) First name Last name Child tax credit Credit for other dependents

1 Wages, salaries, tips, etc. Attach Form(s) W-2 . . . . . . . . . . . . . . . . 1 Attach Sch. B if required.

2a Tax-exempt interest . . . 2a b Taxable interest . . . . . 2b 3a Qualified dividends . . . 3a b Ordinary dividends . . . . . 3b 4a IRA distributions . . . . 4a b Taxable amount . . . . . . 4b 5a Pensions and annuities . . 5a b Taxable amount . . . . . . 5b 6a Social security benefits . . 6a b Taxable amount . . . . . . 6b 7 Capital gain or (loss). Attach Schedule D if required. If not required, check here . . . . a 7 8 Other income from Schedule 1, line 9 . . . . . . . . . . . . . . . . . . . 8 9 Add lines 1, 2b, 3b, 4b, 5b, 6b, 7, and 8. This is your total income . . . . . . . . . a 9

10 Adjustments to income: a From Schedule 1, line 22 . . . . . . . . . . . . . . 10a b Charitable contributions if you take the standard deduction. See instructions 10b c Add lines 10a and 10b. These are your total adjustments to income . . . . . . . . a 10c

11 Subtract line 10c from line 9. This is your adjusted gross income . . . . . . . . . a 11 12 Standard deduction or itemized deductions (from Schedule A) . . . . . . . . . .

Standard Deduction for— • Single or

Married filing separately, $12,400

• Married filing jointly or Qualifying widow(er), $24,800

• Head of household, $18,650

• If you checked any box under Standard Deduction, see instructions.

12 13 Qualified business income deduction. Attach Form 8995 or Form 8995-A . . . . . . . . 13 14 Add lines 12 and 13 . . . . . . . . . . . . . . . . . . . . . . . . 14 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter -0- . . . . . . . . . 15

For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Form 1040 (2020)

Stark

Stark 000-11-1111

1000 Avengers Way

Houston TX 77082

110,000.

2,500.1,000. 3,400.

11,000.

123,887. -3,013.

98,772.

25,115.

25,115.

132,500.

132,500. 0.

Morgan Stark 000-33-3333 Daughter

Tony

Pepper

Form 1040 (2020) Page 2 16 Tax (see instructions). Check if any from Form(s): 1 8814 2 4972 3 . . 16 17 Amount from Schedule 2, line 3 . . . . . . . . . . . . . . . . . . . . 17 18 Add lines 16 and 17 . . . . . . . . . . . . . . . . . . . . . . . . 18 19 Child tax credit or credit for other dependents . . . . . . . . . . . . . . . . 19 20 Amount from Schedule 3, line 7 . . . . . . . . . . . . . . . . . . . . 20 21 Add lines 19 and 20 . . . . . . . . . . . . . . . . . . . . . . . . 21 22 Subtract line 21 from line 18. If zero or less, enter -0- . . . . . . . . . . . . . . 22 23 Other taxes, including self-employment tax, from Schedule 2, line 10 . . . . . . . . . 23 24 Add lines 22 and 23. This is your total tax . . . . . . . . . . . . . . . . a 24 25 Federal income tax withheld from:

a Form(s) W-2 . . . . . . . . . . . . . . . . . . 25a b Form(s) 1099 . . . . . . . . . . . . . . . . . . 25b c Other forms (see instructions) . . . . . . . . . . . . . 25c d Add lines 25a through 25c . . . . . . . . . . . . . . . . . . . . . . 25d

26 2020 estimated tax payments and amount applied from 2019 return . . . . . . . . . . 26 27 Earned income credit (EIC) . . . . . . . . . . . . . .

• If you have a qualifying child, attach Sch. EIC.

• If you have nontaxable combat pay, see instructions.

27 28 Additional child tax credit. Attach Schedule 8812 . . . . . . . 28 29 American opportunity credit from Form 8863, line 8 . . . . . . . 29 30 Recovery rebate credit. See instructions . . . . . . . . . . 30 31 Amount from Schedule 3, line 13 . . . . . . . . . . . . 31 32 Add lines 27 through 31. These are your total other payments and refundable credits . . . a 32 33 Add lines 25d, 26, and 32. These are your total payments . . . . . . . . . . . a 33

Refund 34 If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid . . 34 35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here . . . a 35a

Direct deposit? See instructions.

a b Routing number a c Type: Checking Savings a d Account number 36 Amount of line 34 you want applied to your 2021 estimated tax . . a 36

Amount You Owe For details on how to pay, see instructions.

37 Subtract line 33 from line 24. This is the amount you owe now . . . . . . . . . . a 37

Note: Schedule H and Schedule SE filers, line 37 may not represent all of the taxes you owe for 2020. See Schedule 3, line 12e, and its instructions for details.

38 Estimated tax penalty (see instructions) . . . . . . . . . a 38

Third Party Designee

Do you want to allow another person to discuss this return with the IRS? See instructions . . . . . . . . . . . . . . . . . . . . a Yes. Complete below. No Designee’s name a

Phone no. a

Personal identification number (PIN) a

Sign Here

Joint return? See instructions. Keep a copy for your records.

Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

Your signature Date Your occupation If the IRS sent you an Identity Protection PIN, enter it here (see inst.) a

Spouse’s signature. If a joint return, both must sign. Date Spouse’s occupation If the IRS sent your spouse an Identity Protection PIN, enter it here (see inst.) a

Phone no. Email address

F

Paid Preparer Use Only

Preparer’s name Preparer’s signature Date PTIN Check if:

Self-employed

Firm’s name a Phone no.

Firm’s address a Firm’s EIN a

Go to www.irs.gov/Form1040 for instructions and the latest information. Form 1040 (2020)

Homemaker

Self-Prepared

retired superhero

800.

30,000.

30,000.

0. 0. 0.

30,800. 30,570. 30,570.

X X X X X X X X X X X X X X X X X X X X X X X X X X

0. 230. 230.

BAA REV 04/16/21 TTMac

SCHEDULE A (Form 1040)

Department of the Treasury Internal Revenue Service (99)

Itemized Deductions a Go to www.irs.gov/ScheduleA for instructions and the latest information.

a Attach to Form 1040 or 1040-SR. Caution: If you are claiming a net qualified disaster loss on Form 4684, see the instructions for line 16.

OMB No. 1545-0074

2020 Attachment Sequence No. 07

Name(s) shown on Form 1040 or 1040-SR Your social security number

Medical and Dental Expenses

Caution: Do not include expenses reimbursed or paid by others. 1 Medical and dental expenses (see instructions) . . . . . . . 1 2 Enter amount from Form 1040 or 1040-SR, line 11 2 3 Multiply line 2 by 7.5% (0.075) . . . . . . . . . . . . . 3 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter -0- . . . . . . . . . 4

Taxes You Paid

5 State and local taxes. a

State and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line 5a, but not both. If you elect to include general sales taxes instead of income taxes, check this box . . . . . . . . . . . . . . . . . a 5a

b State and local real estate taxes (see instructions) . . . . . . . 5b c State and local personal property taxes . . . . . . . . . . 5c d Add lines 5a through 5c . . . . . . . . . . . . . . . 5d e Enter the smaller of line 5d or $10,000 ($5,000 if married filing

separately) . . . . . . . . . . . . . . . . . . . 5e 6 Other taxes. List type and amount a

6 7 Add lines 5e and 6 . . . . . . . . . . . . . . . . . . . . . . . 7

Interest You Paid Caution: Your mortgage interest deduction may be limited (see instructions).

8

Home mortgage interest and points. If you didn’t use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions and check this box . . . . . . . . . . . a

a Home mortgage interest and points reported to you on Form 1098. See instructions if limited . . . . . . . . . . . . . . 8a

b

Home mortgage interest not reported to you on Form 1098. See instructions if limited. If paid to the person from whom you bought the home, see instructions and show that person’s name, identifying no., and address . . . . . . . . . . . . . . . . . . . a

8b c Points not reported to you on Form 1098. See instructions for special

rules . . . . . . . . . . . . . . . . . . . . . 8c d Mortgage insurance premiums (see instructions) . . . . . . . 8d e Add lines 8a through 8d . . . . . . . . . . . . . . . 8e

9 Investment interest. Attach Form 4952 if required. See instructions . 9 10 Add lines 8e and 9 . . . . . . . . . . . . . . . . . . . . . . . 10

Gifts to Charity Caution: If you made a gift and got a benefit for it, see instructions.

11 Gifts by cash or check. If you made any gift of $250 or more, see instructions . . . . . . . . . . . . . . . . . . . 11

12 Other than by cash or check. If you made any gift of $250 or more, see instructions. You must attach Form 8283 if over $500 . . . . 12

13 Carryover from prior year . . . . . . . . . . . . . . 13 14 Add lines 11 through 13 . . . . . . . . . . . . . . . . . . . . . . 14

Casualty and Theft Losses

15

Casualty and theft loss(es) from a federally declared disaster (other than net qualified disaster losses). Attach Form 4684 and enter the amount from line 18 of that form. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . 15

Other Itemized Deductions

16 Other—from list in instructions. List type and amount a

16 Total Itemized Deductions

17 Add the amounts in the far right column for lines 4 through 16. Also, enter this amount on Form 1040 or 1040-SR, line 12 . . . . . . . . . . . . . . . . . . . . 17

18 If you elect to itemize deductions even though they are less than your standard deduction, check this box . . . . . . . . . . . . . . . . . . . . . . . . a

For Paperwork Reduction Act Notice, see the Instructions for Forms 1040 and 1040-SR. Schedule A (Form 1040) 2020

Tony & Pepper Stark 000-11-1111

8,000.

8,000.

8,000.

8,000.

25,000.

25,000.

98,772. 7,408.

0.

0.

132,500.

99,500.

25,000.

NET QUALIFIED DISASTER LOSS

BAA REV 04/16/21 TTMac

From Form 4684, line 15

Reported on Form 1040, line 12

jeff
Highlight
jeff
Highlight

Form 4684 Department of the Treasury Internal Revenue Service

Casualties and Thefts a Go to www.irs.gov/Form4684 for instructions and the latest information.

a Attach to your tax return. a Use a separate Form 4684 for each casualty or theft.

OMB No. 1545-0177

2020 Attachment Sequence No. 26

Name(s) shown on tax return Identifying number

SECTION A—Personal Use Property (Use this section to report casualties and thefts of property not used in a trade or business or for income-producing purposes. You must use a separate Form 4684 (through line 12) for each casualty or theft event involving personal use property. If reporting a qualified disaster loss, see the instructions for special rules that apply before completing this section.) If the casualty or theft loss is attributable to a federally declared disaster, check here and enter the DR- or EM- declaration number assigned by FEMA. (See instructions.)

1 Description of properties (show type, location (city, state, and ZIP code), and date acquired for each property). Use a separate line for each property lost or damaged from the same casualty or theft. If you checked the box and entered the FEMA disaster declaration number above, enter the ZIP code for the property most affected on the line for Property A.

Type of Property City and State ZIP Code Date Acquired

Property A Property B Property C Property D

Properties A B C D

2 Cost or other basis of each property . . . . . . 2

3 Insurance or other reimbursement (whether or not you filed a claim) (see instructions) . . . . . . . . 3 Note: If line 2 is more than line 3, skip line 4.

4 Gain from casualty or theft. If line 3 is more than line 2, enter the difference here and skip lines 5 through 9 for that column. See instructions if line 3 includes insurance or other reimbursement you did not claim, or you received payment for your loss in a later tax year . . 4

5 Fair market value before casualty or theft . . . . 5 6 Fair market value after casualty or theft . . . . . 6 7 Subtract line 6 from line 5 . . . . . . . . . 7 8 Enter the smaller of line 2 or line 7 . . . . . . 8 9 Subtract line 3 from line 8. If zero or less, enter -0- . . 9

10 Casualty or theft loss. Add the amounts on line 9 in columns A through D . . . . . . . . . . . . . 10 11 Enter $100 ($500 if qualified disaster loss rules apply; see instructions) . . . . . . . . . . . . . . 11 12 Subtract line 11 from line 10. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . 12

Caution: Use only one Form 4684 for lines 13 through 18. 13 Add the amounts on line 4 of all Forms 4684 . . . . . . . . . . . . . . . . . . . . . 13

14 Add the amounts on line 12 of all Forms 4684. If you have losses not attributable to a federally declared disaster, see the instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Caution: See instructions before completing line 15.

15 • If line 13 is more than line 14, enter the difference here and on Schedule D. Do not complete the rest of this section. • If line 13 is equal to line 14, enter -0- here. Do not complete the rest of this section.

• If line 13 is less than line 14, and you have no qualified disaster losses subject to the $500 reduction on line 11 on any Form(s) 4684, enter -0- here and go to line 16. If you have qualified disaster losses subject to the $500 reduction, subtract line 13 from line 14 and enter the smaller of this difference or the amount on line 12 of the Form(s) 4684 reporting those losses. Enter that result here and on Schedule A (Form 1040), line 16, or Form 1040-NR, Schedule A, line 7. If you claim the standard deduction, also include on Schedule A (Form 1040), line 16, the amount of your standard deduction (see the Instructions for Forms 1040 and 1040-SR). Do not complete the rest of this section if all of your casualty or theft losses are subject to the $500 reduction.

} . . . . . . . 15 16 Add lines 13 and 15. Subtract the result from line 14 . . . . . . . . . . . . . . . . . . . 16

17 Enter 10% of your adjusted gross income from Form 1040, 1040-SR, or 1040-NR, line 11. Estates and trusts, see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

18 Subtract line 17 from line 16. If zero or less, enter -0-. Also, enter the result on Schedule A (Form 1040), line 15, or Form 1040-NR, Schedule A, line 6. Estates and trusts, enter the result on the “Other deductions” line of your tax return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

For Paperwork Reduction Act Notice, see instructions. Form 4684 (2020)

Tony & Pepper Stark 000-11-1111

0.

99,500.

100,000. 500.

99,500.

99,500.

EM-2002

Iron Man Mark II Suit Houston TX 77082 12/31/2008

100,000.

0.

500,000. 0.

500,000. 100,000. 100,000.

BAA REV 04/16/21 TTMac

Casualty and Theft losses are reported on this form. The loss is reported on Schedule A on page 3

This reported loss is recorded on Sch. A

jeff
Highlight