1040 Stuart Case Study Facts (CASSTM)
In 2019, Jerry and Shirley Stuart moved from Benecia, California, to Barstow, California, where Jerry started a new job as a salesman. He purchased a luxury automobile. His new employer does not reimburse Jerry for business expenses. Jerry keeps written records of his expenses.
The Stuarts sold their Benecia home and bought one in Barstow. Jerry received a distribution from his former employer’s pension plan which he rolled over into an IRA.
In Benecia, the Stuarts’ daughter, Stephanie, attended a day care center while her parents were at work.
Targeted Areas
- Taxpayer Information
- Wages
- Interest
- Schedule C
- Employee Business Expenses
- Schedule F
- Capital Gain/Loss
- Sale of Home
- Child Care Expenses
- Mortgage Interest, Taxes, Points
- Dependents
- Excess FICA
- State Income Tax Refund
- Depreciation with §179
- Luxury Automobile
- Pension Distribution with Rollover
- Capital Loss Carryover
Return Information
- Taxpayer Information
- Dependent Information
- W-2 Information
- Interest Income
- Profit/Loss from Business
- Depreciation - Schedule C
- Retirement Distributions
- Farm Information
- Miscellaneous Income
- Capital Gains and Losses - Carryovers
- Sale of Home
- Itemized Deductions - Interest Expense
- Credits - Child Care
- Estimates and Penalties
- Adjustments to Income
- Transmittal Letter and Filing Instructions
Data Entry
- Taxpayer Information
- Dependent Information
- Wages and Salaries
- Interest Income
- Business Income (Schedule C)
- Pension Plan Distribution
- Farm Income (Schedule F)
- Miscellaneous Income
- Capital Gains and Losses - Carryovers
- Sale of Home
- Adjustments to Income
- Itemized Deductions
- Depreciation Detail
- Child and Dependent Care Credit
- Estimates and Penalties
- Transmittal Letter and Filing Instructions
- Reviewing the Return
Case Study Facts/stuart_intro.htm/TY2019
Last Modified: 03/19/2020
Last System Build: 06/17/2021
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