2B. John Fuji (birthdate fune 6, 1983) received the following Form W-2 from his employer John has income reported to him on a 1099. DIV from his invetment in muhal funds: Also, in accordance with the January 2016 divorce decree John receives $500 per month alimony from his ex-wife (Don Fuji, Social Security number 573-79-6075) in 2022. On December 30, 2022, John sold his primary residence after living there since Qctober 2012 . The proceeds from the sale were $560677 and his basis was $292000 property taves are not reflected on Johin's 1098 John tried his hand at day trading for one weckin. Fukruiry 2922. He received a gibstitute Form 10998 frot his brober. Becmase the RRS was provided the acqublition. date and basis for all tedes and none requised aryy ad outments or codes, these an be entered as a summary entry into Schedule D and no Form 8949 needs to be preparve During 2022, John paid the following amounts (all of which can be substantiated): John's employer offers a retirement plan, but John does not participate. Instead, he made a $6,000 contribution to a Roth IRA. John owns a condo in Seattle that he lived in years ago and now rents. His rental condo is located at 1012 E Terrace Street Unit 1204, Seattle, WA 98122 and was rented all year to his tenant. The tenant occupied the home on January 1,2022 and pays rent of $2,000 per month for each month of 2022 (a 12-month lease). John demanded first and last month rent and a security deposit of $500 and all were paid January 1, 2022. Upon the tenant's departure on December 31, John noted damages and is going to retain $200 of the security deposit. John's rental expenses for the year are: John actively manages the rental home. He probabiy sperus anom seven hours Required: Complete John's federal tax return for 2021. Use Form 1040, Schedule 1, per month on the rental. Schedule A, and Schedule D as needed to complete this tax retum. Make realistic assumptions about any missing data. 2B. John Fuji (birthdate fune 6, 1983) received the following Form W-2 from his employer John has income reported to him on a 1099. DIV from his invetment in muhal funds: Also, in accordance with the January 2016 divorce decree John receives $500 per month alimony from his ex-wife (Don Fuji, Social Security number 573-79-6075) in 2022. On December 30, 2022, John sold his primary residence after living there since Qctober 2012 . The proceeds from the sale were $560677 and his basis was $292000 property taves are not reflected on Johin's 1098 John tried his hand at day trading for one weckin. Fukruiry 2922. He received a gibstitute Form 10998 frot his brober. Becmase the RRS was provided the acqublition. date and basis for all tedes and none requised aryy ad outments or codes, these an be entered as a summary entry into Schedule D and no Form 8949 needs to be preparve During 2022, John paid the following amounts (all of which can be substantiated): John's employer offers a retirement plan, but John does not participate. Instead, he made a $6,000 contribution to a Roth IRA. John owns a condo in Seattle that he lived in years ago and now rents. His rental condo is located at 1012 E Terrace Street Unit 1204, Seattle, WA 98122 and was rented all year to his tenant. The tenant occupied the home on January 1,2022 and pays rent of $2,000 per month for each month of 2022 (a 12-month lease). John demanded first and last month rent and a security deposit of $500 and all were paid January 1, 2022. Upon the tenant's departure on December 31, John noted damages and is going to retain $200 of the security deposit. John's rental expenses for the year are: John actively manages the rental home. He probabiy sperus anom seven hours Required: Complete John's federal tax return for 2021. Use Form 1040, Schedule 1, per month on the rental. Schedule A, and Schedule D as needed to complete this tax retum. Make realistic assumptions about any missing data
