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and why would the amount of itemized deductions change?

Questions and Problems Group 5: Cumulative Software Problem 1. The following information is available for the Albert and Allison Gaytor family in addition to that provided in Chapters 1, 2, 3, 4, 5, 6, and 7. On August 14, 2019, Allison purchased the building where her store is located. She paid $335,000 for the building (including $100,000 for the land it is located on). Allison's store is the only business in the building. The depreciation on the store needs to be reflected on Schedule C of the business. Required: Combine this new information about the Gaytor family with the information from Chapters 1. 2. 3. 4. 5. 6, and Z and complete a revised 2019 tax return for Albert and Allison. This completes the Group 5 multichapter case. Qualified Dividends and Capital Gain Tax Worksheet-Line 12a Before you begin: See the earliestructions for line 12 to see if you can use this workshort to figure your ta Before completing this worksheet complete Form 1040 1040-SR through line lib. you don't have to file Schedule you received capital gala distributi e ware you checked the box T 1. o F the m 100 10-SR lib. However, if you are ed income on the from income Tax Workshee t 10 10 -SR. o Questions and Problems Group 5: Cumulative Software Problem 1. The following information is available for the Albert and Allison Gaytor family in addition to that provided in Chapters 1, 2, 3, 4, 5, 6, and 7. On August 14, 2019, Allison purchased the building where her store is located. She paid $335,000 for the building (including $100,000 for the land it is located on). Allison's store is the only business in the building. The depreciation on the store needs to be reflected on Schedule C of the business. Required: Combine this new information about the Gaytor family with the information from Chapters 1. 2. 3. 4. 5. 6, and Z and complete a revised 2019 tax return for Albert and Allison. This completes the Group 5 multichapter case. Qualified Dividends and Capital Gain Tax Worksheet-Line 12a Before you begin: See the earliestructions for line 12 to see if you can use this workshort to figure your ta Before completing this worksheet complete Form 1040 1040-SR through line lib. you don't have to file Schedule you received capital gala distributi e ware you checked the box T 1. o F the m 100 10-SR lib. However, if you are ed income on the from income Tax Workshee t 10 10 -SR. o

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