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1:3-59 REPARATION PROBLEMS Sally W. Emanual, a teacher, had the following dividends and interest during 2022: Acorn Corporation bond interest City of Boston bonds interest
1:3-59 REPARATION PROBLEMS Sally W. Emanual, a teacher, had the following dividends and interest during 2022: Acorn Corporation bond interest City of Boston bonds interest Camp Bank interest Jet Corporation dividend (qualified) North Mutual fund Capital gain distribution 100 Ordinary dividend (qualified) 150 Nontaxable distribution 200 Blue Corporation foreign dividend Additional information pertaining to Sally Emanual includes Salary Rent income Expenses related to rent income Pension benefits Taxable alimony paid to Sally $ 700 1,000 1,250 1,300 Compte Occupation: Credit manager The taxable portion of the pension is $7,000. Sally actively participates in the rental activity. Other relevant information includes Address: 430 Rumsey Place, West Falls, California 92699 Social Security number: 123-45-6789 Marital status: Single Date of divorce: January 10, 2017 45 0 250 $70,000 12,000 14,000 7,000 4,000 Complete Sally's Schedule 1, Schedule B and compute her taxable income on Form 1040. Assume Schedule E has already been prepared. Also assume that Sally had no transactions involving digital assets and had no foreign bank accounts or trusts.
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