Tax Scenario & Facts – Jane Taxpayer
Jane Taxpayer needs you to prepare her 2023 1040 tax return tax return. She is a nuclear physicist at a private research facility in Tennessee. She is married to her husband Leroy and they wish to file married filing separately.
Jane has two children from a previous relationship. Both children live with her. Her son Clayton was born 11/13/2017. Her daughter Daisy was born 05/09/2003 and is finally a senior in high school hoping to graduate in 2024. Daisy made $8,952 in 2023 from her YouTube channel, however Jane provided more than half of her living expenses.
Jane received a W2 from her job at Fission Tech. Jane also received some dividends and interest. Through her employer she has a high deductible health insurance plan for her family, and has an HSA at the end of 2023.
She used $4,000 from the HSA during 2023 for medical expenses. Jane had no digital asset transactions during 2023. Please help Jane by preparing her 2023 individual income tax return based on this
information along with her personal information below as well as the tax forms she received. Be sure to reference the Married Filing Separately “Special Rules” listed in the 2023 IRS Pub 17 for additional info regarding credits or deductions this status may or may not qualify for:
https://www.irs.gov/pub/irs-prior/p17 — 2023.pdf, page 23, 3rd column.
| Name | SSN | DOB | Address |
| Jane Taxpayer | 305-44-0001 | 01-04-1975 | 456 Bayridge |
| Leroy Taxpayer | 305-44-0002 | Drive | |
| Clayton Taxpayer | 305-44-0003 | OAK RIDGE, TN. | |
| Daisy Taxpayer | 305-44-0004 | 37830 |
- W-2 statement : Click Here
- 1099-INT : Click Here
- 1099-DIV (The Business Consultants) : Click Here
- 1099-DIV (Fission Tech) : Click Here
- 1099-SA : Click Here
- 1098-E : Click Here
1099 – INT – Interest Income
1099 – Div
1
Solution – Jane Taxpayer needs you to prepare her 2023 1040 tax return tax return
Below is a snippet of the correct answer fior Jane tax paper tax filing for year 2023.
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