Prepare the 2019 Federal income tax return for Janice Morgan. This is an individual assignment. It is required that you submit both the (1) tax return and a (2) brief explanation for each line item on the return.
Please submit the following forms:
(1) Cover page with your name (2) 1040, (3) Schedule 1, (4) Schedule 2, (5) Schedule A, (6) Schedule C page 1, (7) explanation (including calculation) for each line item on each form and schedule. This explanation must include loss carryforwards and ending basis for limited partnerships. Additionally, a discussion of each of the above items must be made in the explanations (i.e. items 1 through 6). Normally, this tax return would require additional forms including schedule B, D, E, SE and form 4797, and 6198, etc. However, I do not require them.
Instead, the required calculations/explanations will be sufficient.