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Business, 25.11.2021 07:20 cassandrabeliles

Jorge Gomez is a single taxpayer. His SSN is 412-34-5670, and he lives at 5037 Circle Court, Crestview, IL 60543. He is a supervisor and his 2020 W2 shows gross wages of $94,850 with $5,881 of social security and $1,375 of Medicare taxes withheld. He has $14,500 of federal withholding and $2,595 in state withholding. Jorge does not itemize. He had the following stock transactions for the year: Stock Shares Date Purchased Date Sold Sale Price Cost Basis 5,500 7/8/19 9/12/20 $ 15,000 $ 18,000 800 3/12/20 10/21/20 43,000 47,000 2,800 2/13/13 10/21/20 30,000 22,000 He also has interest from a savings account with Local Neighborhood Bank of $250 and a dividend from a Form 1099-DIV of $1,600 in ordinary dividends received from ABC brokerage, of which $1,350 are considered qualified dividends. Required:
Prepare a 2020 Form 1040 for Jorge and all related schedules and forms. Assume that each box 3 of the 1099-Bs was not checked for all sales transactions.

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Jorge Gomez is a single taxpayer. His SSN is 412-34-5670, and he lives at 5037 Circle Court, Crestvi...
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