1040 PG 1 Schedule 1 Form 1040 Page 1. Department of the Treasury --Internal Revenue Service (99) Form 1040 U.S. Individual Income Tax Return 2020 OMB No 1545-0074 Filing Status Single Married filing jointly Married fling separately (MES) Head of household (HOH) Check only if you checked the MFS box, enter the name of your spouse. If you checked the HOH or GW box, enter the child's name if the qualifying pers one box a child but not your dependent. D Your first name and middle initial Last namo I joint return, spouse's first name and middle initial Last name Home address (number and street). If you have a PO box, se instructions: Apt no City, town, or post office. If you have a foreign address, also complete spaces below Suato ZIP code Foreign country name Foreign province/statcounty Foreign postal code 2020 OMB No 1545-0074 IRS Use Only-Do not write or staple in this space arried filing separately (MFS) Head of household (HOH) | Qualifying widow(er) (OW) the HOH or QW box, enter the child's name if the qualifying person is ame Your social security number ame Spouse's social security number Apt. no. Presidential Election Campaign State ZIP code 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. Foreign postal code You any financial interest in any virtual currency? Your spouse as a dependent Yes Spouse ONO Your spouse as a dependent Standard Deduction Are blind Age/Blindness Dependents Someone can claim You as a dependent Spouse Hemizes on a separate return or you were a dual status alien You: Were born before January 2, 1956 (soo instructions) (1) First name Last name Spouse: Wast (3) Relationship to you (2) Social security number If more than four dependents, see instructions and check here 1 Wagon, salaries, tips, etc. Altach Formia) W-2 20 Taxable interest 20 Tax-exempt interest Altach Sch. Bit required Ja 3a Qualified dividends 40 4a IRA distributions sa Pensions and annuities 6a Social security benefits - 3 3 b Ordinary dividends Taxable amount Taxable amount Taxable amount 7 Capital gain or loss), Attach Schedule if required. If not required, check here Standard Deduction for Single or Married fana secartel 8 Other income from Schedule 1. line 9 19 Add lines 1 2 3 4 5 6 7 and 8 This is your total income ... Are blind al security number Spouse: Was bom before January 2, 1956 Is blind (3) Relationship to you (4) If qualifies for (see instructions): Child tax credit Credit for other dependents O 2a b Taxable interest 2b 3a 3b 4a 4b Ordinary dividends b Taxable amount b Taxable amount Taxable amount 5a 5b Ba 6b 7 8 9 8 9 your total income 10a deduction. See instruction 105 100 ustments to income 11 12 tod gross income im Schedule A) orm 1995 or Form 8995-A 13 14 If zero or less, enter-O- 15 separate Instructions. Cat No. 11320B Form 1040 (2020) IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. O 2021 McGraw-Hill Education 11 Wonocoloriae finest Alan Carme mation So wa UVIDEOS Je 1 Unity Venus 4a 5a 6 4a IRA distributions b Taxable amount 5a Pensions and annuities b Taxable amount 6a Social security benefits b Taxable amount 7 Capital gain or (loss). Attach Schedule Dif required. If not required, check here 8 Other income from Schedule 1, line 9 9 Add lines 1, 26, 35, 46, 56, 66, 7 and 8. This is your total income 10 Adjustments to income a From Schedule 1, line 22 10a b Charitable contributions if you take the standard deduction. See instruction 10b c Add lines 10 and 106. These are your total adjustments to Income 11 Subtract line 10c from line 9. This is your adjusted gross incomo 12 Standard deduction or itemized deductions (from Schedule A) 13 Qualified business Income deduction. Attach Form 8995 or Form 8995-A 14 Add lines 12 and 13 15 Taxable income. Subtract line 14 from line 11. If zero or less, enter-O- sy Act, and Paperwork Reduction Act Notice, see separate instructions, Cat No. 1 MULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OF McGraw-Hill Education line tollowing information applies to the questions displayed below. Ken is 63 years old and unmarried. He retired at age 55 when he sold his business, Understock.com. Though Ken is retired, he is still very active. Ken reported the following financial information this year. Assume Ken files as a single taxpayer. a. Ken won $1,280 in an illegal game of poker (the game was played in Utah, where gambling is illegal). b. Ken sold 1,080 shares of stock for $32 a share. He inherited the stock two years ago. His tax basis for investment) in the stock was $31 per share. c. Ken received $25,800 from an annuity he purchased eight years ago. He purchased the annuity, to be paid annually for 20 years, for $216,720. d. Ken received $13,200 in disability benefits for the year. He purchased the disability insurance policy last year e. Ken decided to go back to school to learn about European history. He received a $580 cash scholarship to attend. He used $340 to pay for his books and tuition, and he applied the rest toward his new car payment. f. Ken's son, Mike, instructed his employer to make half of his final paycheck of the year payable to Ken as a gift from Mike to Ken Ken received the check on December 30 in the amount of $1,220 g. Ken received a $650 refund of the $3,680 in state income taxes his employer withheld from his pay last year. Ken claimed $12,530 in itemized deductions last year (the standard deduction for a single filer was $12,400) h. Ken received $30,800 of interest from corporate bonds and money market accounts