Wages $ 56,500 Federal withholding 5,100 Social security wages 56,500 Social security withholding 3,503 Medicare withholding 819 State withholding -0-
For 2020 not 2016 please
Kia Lopez is single (SSN 412-34-5670) and resides at 101 Poker Street, Apt. 12A, Hickory, FL 34714. Her W-2 shows the following:
| Wages | $ 56,500 |
|---|---|
| Federal withholding | 5,100 |
| Social security wages | 56,500 |
| Social security withholding | 3,503 |
| Medicare withholding | 819 |
| State withholding | -0- |
In 2020, Kia contributed cash of $7,000 to Apartment Rentals Limited
| Interest | $ 35 |
|---|---|
| Dividends (qualified) | 290 |
| 700 | |
| Rental loss | (8,300) |
ARLP had no liabilities. Kia does not itemize and has no other investments or passive activities.
Prepare Form 1040 for Kia Lopez for 2020. The taxpayer had qualifying health care coverage at all times during the tax year. You will need Form 1040, Schedule E (page 2), Form 6198, and Form 8582
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