Complete the  federal individual income tax return forms for Bob and Melissa Grant for the 2013 tax year

Here are the completed federal individual income tax return forms for Bob and Melissa Grant for the 2013 tax year. Please note that these forms are only a sample and may not accurately reflect the actual forms or the Grant’s tax liability.

Form 1040

Filing Status: Joint return

Name(s) shown on tax return: Bob Grant, Melissa Grant

Social Security number(s): 987-45-1234, 494-37-4893

Address: 95 Hickory Road, Lexington, Kentucky 40502

Tax Year: 2013

Form W-2

Name: Bob Grant Social Security Number: 987-45-1234

Employer’s name, address, and ZIP code: National Storage Wages, tips, other compensation: $66,200 Federal income tax withheld: $8,000 State: Kentucky State income tax withheld: $3,750

Name: Melissa Grant Social Security Number: 494-37-4893

Employer’s name, address, and ZIP code: Jensen Photography Wages, tips, other compensation: $24,500 Federal income tax withheld: $2,450 State: Kentucky State income tax withheld: $1,225

Form 1040 – Schedule B (Form 1040)

Name(s) shown on tax return: Bob Grant, Melissa Grant

Interest income:

• First Kentucky Bank: $130
• City of Lexington, KY Bond: $450
• U.S. Treasury Bond: $675
• Nevada State School Board Bond: $150

Total interest income: $1,405

Form 1040 – Schedule 1 (Form 1040)

Name(s) shown on tax return: Bob Grant, Melissa Grant

Other income:

• Workers’ compensation payments: $4,350
• Disability payments: $3,500

Total other income: $7,850

Form 1040 – Schedule 1 (Form 1040) – Continued

Name(s) shown on tax return: Bob Grant, Melissa Grant

Less: Adjustments to income

• Annuity exclusion: $15,000 (see Form 1099-R)

Total adjustments to income: $15,000

Taxable amount: $7,850 – $15,000 = -$7,150

Form 1040 – Schedule D (Form 1040)

Name(s) shown on tax return: Bob Grant, Melissa Grant

Capital gain distributions: $0

Other gains or losses:

• Lawsuit settlement: $24,500 (see Form 1099-MISC)

Total other gains or losses: $24,500

Total capital gains and losses: $0 + $24,500 = $24,500

Form 1040 – Schedule E (Form 1040)

Name(s) shown on tax return: Bob Grant, Melissa Grant

Rental real estate, royalties, partnerships, S corporations, trusts, etc.: $0

Farm income or (loss): $0

Unemployment compensation: $0

Social security benefits: $0