2019 Individual Income Tax Return for Don and Megan Draper

This assignment details the preparation of a 2019 individual income tax return for Don and Megan Draper, a married couple with two dependent children, following the provided interview information and documentation review. The return includes Form 1040 and Schedule A, focusing on itemized deductions. The assignment meticulously addresses all relevant aspects of the tax return, including income, deductions, and credits, ensuring technical accuracy and professional presentation. The provided Schedule A shows medical and dental expenses, state and local taxes (including real estate and personal property taxes), home mortgage interest and points, gifts to charity, and other itemized deductions. The return adheres to the 2019 tax regulations, including the limitations on state and local tax deductions. The goal of the assignment is to demonstrate a comprehensive understanding of tax preparation and the ability to accurately complete the required forms and schedules for an individual tax return.

SCHEDULE A
(Form 1040 or 1040-SR)
2019(Rev. January 2020)
Itemized Deductions
Department of the Treasury
Internal Revenue Service (99)
▶ Go to www.irs.gov/ScheduleA for instructions and the latest information.
▶ 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
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 8b2
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. . . . . . . . . . . . . . . . . ▶ 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▶
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 Home mortgage interest and points reported to you on Form 1098.
See instructions if limited. . . . . . . . . . . . . . 8a
bHome 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 . . . . . . . . . . . . . . . . . . .
▶
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▶
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 9. . . . . . . . . . . . . . . . . . . . 17
18 If you elect to itemize deductions even though they are less than your standard deduction,
check this box. . . . . . . . . . . . . . . . . . . . . . . . ▶
For Paperwork Reduction Act Notice, see the Instructions for Forms 1040 and 1040-SR.Cat. No. 17145C Schedule A (Form 1040 or 1040-SR) 2019
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Tax Return Preparer
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