1. Skylar and Walter Black have been married for 25 years. They live at 883 Scrub Brush Street, Apt. 52B, Las Vegas, NV 89125. Skylar is a stay-at-home parent and Walt is a high school teacher. Skylar's Social Security number is 222-43-7690 and Walt's is 700-01-0002. Neither are age 65 or older. The Blacks provide all the support for Skylar's mother, Rebecca Backin (Social Security number 411-66-2121), who lives in a nursing home in Reno, NV and has no income. Walter's father, Alton Black (Social Security number 343-22-8899), lives with the Blacks in Las Vegas. Although Alton received Social Security benefits of $7,600 in 2020, the Blacks provide over half of Al- ton's support. Skylar and Walt claim a $500 other dependent credit each for Rebecca and Alton. Walt's earnings from teaching are: Lmployee's social security number 700-01-0002 b Employer identification number (EIN 31-1239867 Employer's name, address, and ZIP code Las Vegas School District 2234 Vegas Valley Drive Las Vegas, NV 89169 So, Vethe IRS website OMB No 1545-00 FASTI U e file www.is positie 1 Locomo 2 crack withheld 54,300.00 4,100.00 3 30 cm sory to wield 54,300.00 3.366.60 5 Medicare was and to & Medicare tax with 54,300.00 78735 7 Souto Altos 10 Dependent care benefits d Control number The Seconobo 12 DD 7.900.00 Last name . Employee's first name and Walter Black 883 Scrub Brush Street, Apt. 52B Las Vegas, NV 89125 54 . 18 Loge 19 Local come 16 Stewage to ec 17 Student Employee's address and ZIP code 15 State Employer's state ID number NV Det of the Trans 2020 Form W-2 Wage and Tax Statement Copy B-To Be Filed With Employee's FEDERAL Tax Return This information is being furnished to the Internal Revenue Service The Blacks moved from Maine to Nevada. As a result, they sold their house in Maine on January 4, 2020. They originally paid $75,000 for the home on July 3, 1995, but managed to sell it for $604,000. They spent $14,000 on improvements over the years. They are currently renting in Las Vegas while they look for a new home. The Blacks received the following 1099-DIV from their mutual fund investments: PAYERS CORRECTED I checked 1,500.00 2020 Dividends and Distributions ho Cyber Equities Fund 41 Wall Street New York, NY 10005 1,050.00 1090 $ Copy B For Recipient $ $ 6,700.23 PAVERTIN 17-1234326 FRIST 222-43-7690 5 This Wood Dength your HIPENIS Skylar B. Black SOLO) 883 Scrub Brush Street, #52B VIDEO, Garn ton Las Vegas, NV 89125 S ST S TO rece aconte od on and bond 5 5 FATCAT $ 3 ACCO for 1099-DIV keep for your records Dhe The Blacks own a ski condo located at 123 Buncombe Lane, Brian Head, UT 84719. The condo was rented for 185 days during 2020 and used by the Blacks for 15 days. The rental activity does not rise to the level to qualify for the QBI deduction. Pertinent information about the condo rental is as follows: Rental income $23,700 Mortgage interest reported on Form 1098 16,000 Homeowners association dues 5.200 Utilities 3,400 Maintenance 6,600 Depreciation (assume fully depreciated) 0 The above amounts do not reflect any allocation between rental and personal use of the condo. The Blacks are active managers of the condo. The Blacks received a $2,400 EIP in 2020. Required: Complete the Black's federal tax return for 2020. Use Form 1040, Schedule 1. Schedule D, Form 8949, Schedule E (page 1 only), Form 8582 (page 1 only) and the Qualified Dividends and Capital Gain Tax Worksheet to complete their tax retum 1. Skylar and Walter Black have been married for 25 years. They live at 883 Scrub Brush Street, Apt. 52B, Las Vegas, NV 89125. Skylar is a stay-at-home parent and Walt is a high school teacher. Skylar's Social Security number is 222-43-7690 and Walt's is 700-01-0002. Neither are age 65 or older. The Blacks provide all the support for Skylar's mother, Rebecca Backin (Social Security number 411-66-2121), who lives in a nursing home in Reno, NV and has no income. Walter's father, Alton Black (Social Security number 343-22-8899), lives with the Blacks in Las Vegas. Although Alton received Social Security benefits of $7,600 in 2020, the Blacks provide over half of Al- ton's support. Skylar and Walt claim a $500 other dependent credit each for Rebecca and Alton. Walt's earnings from teaching are: Lmployee's social security number 700-01-0002 b Employer identification number (EIN 31-1239867 Employer's name, address, and ZIP code Las Vegas School District 2234 Vegas Valley Drive Las Vegas, NV 89169 So, Vethe IRS website OMB No 1545-00 FASTI U e file www.is positie 1 Locomo 2 crack withheld 54,300.00 4,100.00 3 30 cm sory to wield 54,300.00 3.366.60 5 Medicare was and to & Medicare tax with 54,300.00 78735 7 Souto Altos 10 Dependent care benefits d Control number The Seconobo 12 DD 7.900.00 Last name . Employee's first name and Walter Black 883 Scrub Brush Street, Apt. 52B Las Vegas, NV 89125 54 . 18 Loge 19 Local come 16 Stewage to ec 17 Student Employee's address and ZIP code 15 State Employer's state ID number NV Det of the Trans 2020 Form W-2 Wage and Tax Statement Copy B-To Be Filed With Employee's FEDERAL Tax Return This information is being furnished to the Internal Revenue Service The Blacks moved from Maine to Nevada. As a result, they sold their house in Maine on January 4, 2020. They originally paid $75,000 for the home on July 3, 1995, but managed to sell it for $604,000. They spent $14,000 on improvements over the years. They are currently renting in Las Vegas while they look for a new home. The Blacks received the following 1099-DIV from their mutual fund investments: PAYERS CORRECTED I checked 1,500.00 2020 Dividends and Distributions ho Cyber Equities Fund 41 Wall Street New York, NY 10005 1,050.00 1090 $ Copy B For Recipient $ $ 6,700.23 PAVERTIN 17-1234326 FRIST 222-43-7690 5 This Wood Dength your HIPENIS Skylar B. Black SOLO) 883 Scrub Brush Street, #52B VIDEO, Garn ton Las Vegas, NV 89125 S ST S TO rece aconte od on and bond 5 5 FATCAT $ 3 ACCO for 1099-DIV keep for your records Dhe The Blacks own a ski condo located at 123 Buncombe Lane, Brian Head, UT 84719. The condo was rented for 185 days during 2020 and used by the Blacks for 15 days. The rental activity does not rise to the level to qualify for the QBI deduction. Pertinent information about the condo rental is as follows: Rental income $23,700 Mortgage interest reported on Form 1098 16,000 Homeowners association dues 5.200 Utilities 3,400 Maintenance 6,600 Depreciation (assume fully depreciated) 0 The above amounts do not reflect any allocation between rental and personal use of the condo. The Blacks are active managers of the condo. The Blacks received a $2,400 EIP in 2020. Required: Complete the Black's federal tax return for 2020. Use Form 1040, Schedule 1. Schedule D, Form 8949, Schedule E (page 1 only), Form 8582 (page 1 only) and the Qualified Dividends and Capital Gain Tax Worksheet to complete their tax retum