Tax Return: Warner & Augustine Robbins | Charitable

Intuit Software Tax Return 5 Warner (D.O.B. 2/27/1982) and Augustine Robbins (D.O.B. 7/2/1982), have been married for 9 years. They live at 638 Russell Parkway, Macon GA 31207. Augustine's SSN is 445-81-1423 and Warner's is 789-09-8526. Warner was president of Dragon Lady Corporation located in Macon. The Dragon Lady stock is owned 40% by Warner, 40% by Augustine, and 20% by Warner's father. Assume that Augustine was a full-time student during 2022. During the year, Warner and Augustine paid the following amounts (all of which can be substantiated): Warner and Augustine's Paid Amounts Auto Loan Interest$4,800 Medical Insurance$3,400 Other Medical Expenses$3,600 Charitable Contributions: Holy Church (a qualified charity)$2,600 Tree Huggers Foundation (a qualified charity)$3,000 Central Georgia Technical University (a qualifiedcharity). $5,000 A painting to the Macon Museum of Arts for exhibition. (The Fair market value established by a qualified appraiser). Assume the address of the Macon Museum is 444 University Drive Macon, GA 31204. The painting was donated on 5/15/2022 and that the value of the property was $34,500. The painting was acquired by purchase for $25,000 on 7/15/2009. On 7/10/2022 Warner sold land to Dragon Lady Corporation for $75,000. He acquired the land on 1/15/2010 for $160,000. No Form 1099-B was filed for this transaction. Dragon Lady Corporation does not have a qualified pension or Section 401 (k) plan. Therefore, Warner deposited $11,000 ($5,500 each) into a traditional IRA accounts for Augustine and himself (neither are covered by a qualified plan at work). Attached below are the Robbins' W-2, 1099 and 1098 (Mortgage Interest and Property Taxes):