1. The following information is available for the Albert and Allison Gaytor family in addition to that provided in Chapters 1–5.

Allison discovered a bookkeeping error in her business records. The revenues from Toge Pass should have been $84,050 (not the $64,050 originally recorded).

Albert owned 1,000 shares of Behemoth Airline stock with a basis of $30 per share.

The stock was purchased 6 years ago on June 10. Albert sells 500 shares of Behemoth stock to his uncle Seth and 500 of the shares to his sister Sara for $5 per share on December 31, 2018.

Required:

Combine this new information about the Gaytor family with the information from Chapters 1–5 and complete a revised 2018 tax return for Albert and Allison. Be sure to save your data input files since this case will be expanded with more tax information in the next chapter.