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.Lisa Kohl (birthdate 02/14/1953) is an unmarried high school principal. Lisa received the following tax documents:During the year, Lisa paid the following amounts (all of which can be substantiated):
.Lisa Kohl (birthdate 02/14/1953) is an unmarried high school principal. Lisa received the following tax documents:During the year, Lisa paid the following amounts (all of which can be substantiated):Home mortgage interest reported on Form 1098 (not shown)$9,540KS state income tax payment for 2018$475MasterCard interest550Life insurance (whole life policy)750Property taxes on personal residence1,525Blue Cross medical insurance premiums250Other medical expenses780Income tax preparation fee300Charitable contributions (in cash)750Lisa’s sole stock transaction was reported to her on a Form 1099-B:On January 28, 2019, Lisa sold land for $175,000 (basis to Lisa of $130,000). The land was purchased 6 years ago as an investment. She received $25,000 as a down payment and the buyer’s 10-year note for $150,000. The note is payable at the rate of $15,000 per year plus 8 percent interest. On January 28, 2020, the first of the ten principal and interest payments is due.Lisa also helps support her father, Jay Hawke, who lives in a nearby senior facility. Jay’s Social Security number is 433-33-2121. Lisa provides over one-half of Jay’s support but Jay also has a pension that paid him income of $14,000 in 2019. His Social Security benefits were $3,200 in 2019.Required: Complete Lisa’s federal tax return for 2019. Use Form 1040-SR, Schedule A, Schedule B, Schedule D, Form 8949, the Qualified Dividends and Capital Gain Tax Worksheet, and Form 6252 as needed to complete this tax return. Make realistic assumptions about any missing data.