TAX ASSIGNMENT

F o

rm 1040 2020U.S. Individual Income Tax ReturnDepartment 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

If joint return, spouse’s first name and middle initial Last name

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)

TX 77082

33,000.

33,000. 65,772.

Stark

Stark

1000 Avengers Way

Houston

Your social security number

000-11-1111 Spouse’s social security number

000-22-2222

110,000.

123,887.

98,772.

3,400. 2,500.1,000.

11,000. -3,013.

25,115.

25,115.

Morgan Stark Daughter

Tony

Pepper

X

See page 2 (Schedule A)

Remember that you can only take either the higher of the standard deduction ($24,800 for 2020 per irs.gov) or itemized deductions. Since the Starks total itemized deductions is $33,000, it would be advantageous for the Starks to claim the itemized over the standard deduction.

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

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

7,408.

Tony & Pepper Stark

8,000.

8,000.

33,000.

Your social security number

000-11-1111

98,772.

8,000.

8,000.

25,000.

25,000.

0.

0.

25,000.

BAA REV 03/06/21 TTMac

Report on line 12, Form 1040 (p. 1)