America Los Rios (age 41-dob 3/09/1979) is a single taxpayer livng at 4700 Oak Drive, Sacramento, CA 95841. Her Social Security Number is 876-23-5132. She is manager at a local Super Market During the year America paid the following amounts (all of which can be substantiated): Credit Card Interest Auto Loan interest Life insurance (universal policy) Blue Cross Blue Shield insurance premiums Other Medical expenses Charitable Contribution Goodwill Church (in cash) $ 550 1,700 750 650 790 575 America also owns a rental house located at 672 Lake Street, Sacremento CA 95841. The house was rented for $1,000 per month and was rented the entire year. The are the related expenses for the rental house. Rental House Expenses: Real Estate Taxes Mortgage Interest Insurance Depreciation (assume fully depreciated) Repairs and Maintenance $ 5,700 14,800 1,100 1,423 The house was purchased on July 5, 1981 and America handles all rental activities. (e.g., rent collection, finding tenants, etc.) herself. Assume the following about the real estate activity. a. The real estate type is a single family residence. b. The house was rented the entire year and is 100% owned by America for the past 10 years. c. Assume that America is not a real estate professional and actively particpated in the rental activity. d. Assume that the property was not sold, there were no passive loss carryforwards, and America was at risk tax purposes. Attached below are the Robbins' W-2, 1099, 1099-B and 1A32:L40098 (Mortgage Interest and Property Taxes): Attached below are the Robbins' W-2, 1099, 1099-B and 1A32:L40098 (Mortgage Interest and Property Taxes): 2020 Payer's Name and Address Bank of Sacramento 154 Safewell Sacramento, CA 95841 Payer's RTN Optional 1. Interest Income $5,205 2. Early Withdrawal Penalty Form 1099-INT 3. Interest on US Bonds Receipient's ID No. XXX-XX-5132 5. Investment Expense 4. Federal Income Tax Withheld Payer's Federal ID Number 33-0711111 Receipeint's Name America Los Rios Street Address 4700 Oak Drive City, State Zip Sacramento, CA 95841 6. Foreign Tax Paid 7. 8. Tax Exempt Interest 9. Specific Private Activity bonds Interest 11. State 12. State ID Number Account Number (see instructions) 10. Tax Exempt 13. Tate Withtheld 2. Federal Income Tax Withheld W-2 Information 1. Wages, Tips and Other Compensation $69,000 a. Employee Soc. 93. Social Security Wages 876-23-5132 $69,000 b. Employer ID Nun 33-0711111 $69,000 c. Employer's name, address and zip code Super X Food Market 1546 Safe Drive Sacramento, CA 95841 d. Control Number $14,800 4. Social Security Tax Withheld $4,278 6. Medicare Tax Withheld $1.001 e. America Los Rios 4700 Oak Drive Sacramento, CA 95841 7. Social Security T 8. Allocated Tips 9. 10. 11. Nonqualified Compensation 12 a. 13. Stat. Employer 12 b 14. Retirement Plan 12 c. Third Party Sick Pay 12 d. 15. State Employer 16. State Wages, 33-0711111 Tips $69,000 18. Local, Wages, 19. Local Income Tax 17. State Income Tax $5,000 2020 Payer's Name and Address American River Corporation Stock PO Box 9999 Sacramento CA 95841 1a Ordinary Dividends $ 4,400 1 b. Qualified Dividends $ 4,400 2a Capital gain Dist. Form 1099 Div 2b. Unreap. Sec 1250 gain 2 c Section 1202 gain 2 d. Collectibles PAYER'S FEDERAL ID NUMB RECIPIENTS IDENTIFICATION NUMBER 38-1111111 XXX-XX-5132 3 Non Dividend Distriubtions 4 Federal Income Tax W/H RECEIPEINT'S name America Los Rios Street Address 4700 Oak Drive City, State, Zip Sacramento, CA 95841 5 Investment Expense 6. Foreign Taxes Paid Account Number 00067769 Account number(see instructions) 8 cash liquid. Distributions 7 Foreign country or US Possession 9 Noncash liquid. Distributions open contracts in 2010 11 Private Activity Bonds loss on contracts 14 State Tax Refund 10 Exempt Interest Dividend open contracts in 2011 12 State 13 State Id no. 1099 Div For all sales of stocks and bonds below, make sure to indicate on intuit software that they were not on form 1099 B like described in the video in Module 28 on the blackboard 2020 FORM 1099-B PAYER'S, name, street, city, zip 1a. Date of sale or exchange and telephone number 10/05/20 Red Co. 1b. Date of Acquisition Sacramento, CA 95841 2/1/2005 Stocks, bonds, etc. gross proceeds $5,500 PAYER'S FEDERAL ID NUMB RECIPIENTS IDENTIFICATION NUMBER 38-111111 XXX-XX5132 Federal Income Tax Withheld Cost or other basis $ 2,500 6 Box 2 Long-Term 7 8 Type of gain or loss RECEIPEINT'S name America Los Rios Street address 4700 Oak Drive City, state and zip code Sacramento, CA 95841 Account number(see instructions) 9 Description 10 Profit or loss realized in 2011 11 Unrealized gain or loss on open contracts in 2010 13 Aggregate Profit or loss on contracts CUSIP number 12 Unrealized gain or loss on open contracts in 2011 2020 FORM 1099-B PAYER'S, name, street, city, zip 1a. Date of sale or exchange and telephone number 8/3/2020 Green Co. 1b. Date of Acquisition Sacramento, CA 95841 6/11/2020 Stocks, bonds, etc. gross proceeds $4,000 PAYER'S FEDERAL ID NUMB RECIPIENTS IDENTIFICATION NUMBER 38-111111 XXX-XX5132 Federal Income Tax Withheld Cost or other basis $ 5,000 6 Box 2 Short-term RECEIPEINT'S name America Los Rios Street address 4700 Oak Dirve 8 Type of gain or loss 2020 FORM 1099-B PAYER'S, name, street, city, zip 1a. Date of sale or exchange and telephone number 9/22/2020 Blue Co. 1b. Date of Acquisition Oceanside, CA 12/12/2019 Stocks, bonds, etc. gross proceeds $6,200 PAYER'S FEDERAL ID NUMB RECIPIENTS IDENTIFICATION NUMBER 38-111111 XXX-XX-5132 Federal Income Tax Withheld Cost or other basis $ 5,000 6 Box 2 Short-term 7 8 Type of gain or loss RECEIPEINT'S name America Los Rios Street address 4700 Oak Dirve City, state and zip code Sacramento, CA 95841 Account number(see instructions) 19 Description 10 Profit or loss realized in 2011 11 Unrealized gain or loss on open contracts in 2010 13 Aggregate Profit or loss on contracts SUSIP number 12 Unrealized gain or loss on open contracts in 2011 2020 FORM 1099-B PAYER'S, name, street, city, zip 1a. Date of sale or exchange and telephone number 10/15/2020 Nhite Co 1b. Date of Acquisition San Diego, CA 5/12/2004 Stocks, bonds, etc. gross proceeds $7,000 PAYER'S FEDERAL ID NUMB RECIPIENTS IDENTIFICATION NUMBER 38-111111 XXX-XX-5132 Federal Income Tax Withheld Cost or other basis $ 4,000 6 Box 2 Long-term 7 RECEIPEINT'S name America Los Rios Street address 4700 Oak Drive City, state and zip code Sacramento, CA 95841 8 Type of gain or loss 9 Description PAYER'S, name, street, city, zip 1a. Date of sale or exchange and telephone number 11/1/2020 2020 Black Co. 1b. Date of Acquisition San Diego, CA 9/15/2008 FORM 1099-B Stocks, bonds, etc. gross proceeds $5,500 PAYER'S FEDERAL ID NUMB RECIPIENTS IDENTIFICATION NUMBER Cost or other basis 38-111111 XXX-XX-5132 $ 6,750 Federal Income Tax Withheld 16 Box 2 Long-term 7 8 Type of gain or loss RECEIPEINT'S name America Los Rios Street address 4700 Oak Drive City, state and zip code Sacremento, CA 95841 Account number(see instructions) 9 Description 10 Profit or loss realized in 2011 11 Unrealized gain or loss on open contracts in 2010 13 Aggregate Profit or loss on contracts CUSIP number 12 Unrealized gain or loss on open contracts in 2011 Sacremento Bank and Trust 49 Commerce Street Sacremento, CA 95841 Recipient's Fed ld Payer's Social Security N 1. Mortgage Interest 33-1234569 876-23-5132 10,600 Payer/Borrower's Name 2. Points Paid America Los Rios Street Address Real Estate Taxes Paid 4700 Oak Drive $4,000 City or Town, State Sacramento, CA 95841 Form 1098 2020 Mortgage And Real Estate Statement Mortgage Outstanding Balance 1/1/20 $212,000 America Los Rios (age 41-dob 3/09/1979) is a single taxpayer livng at 4700 Oak Drive, Sacramento, CA 95841. Her Social Security Number is 876-23-5132. She is manager at a local Super Market During the year America paid the following amounts (all of which can be substantiated): Credit Card Interest Auto Loan interest Life insurance (universal policy) Blue Cross Blue Shield insurance premiums Other Medical expenses Charitable Contribution Goodwill Church (in cash) $ 550 1,700 750 650 790 575 America also owns a rental house located at 672 Lake Street, Sacremento CA 95841. The house was rented for $1,000 per month and was rented the entire year. The are the related expenses for the rental house. Rental House Expenses: Real Estate Taxes Mortgage Interest Insurance Depreciation (assume fully depreciated) Repairs and Maintenance $ 5,700 14,800 1,100 1,423 The house was purchased on July 5, 1981 and America handles all rental activities. (e.g., rent collection, finding tenants, etc.) herself. Assume the following about the real estate activity. a. The real estate type is a single family residence. b. The house was rented the entire year and is 100% owned by America for the past 10 years. c. Assume that America is not a real estate professional and actively particpated in the rental activity. d. Assume that the property was not sold, there were no passive loss carryforwards, and America was at risk tax purposes. Attached below are the Robbins' W-2, 1099, 1099-B and 1A32:L40098 (Mortgage Interest and Property Taxes): Attached below are the Robbins' W-2, 1099, 1099-B and 1A32:L40098 (Mortgage Interest and Property Taxes): 2020 Payer's Name and Address Bank of Sacramento 154 Safewell Sacramento, CA 95841 Payer's RTN Optional 1. Interest Income $5,205 2. Early Withdrawal Penalty Form 1099-INT 3. Interest on US Bonds Receipient's ID No. XXX-XX-5132 5. Investment Expense 4. Federal Income Tax Withheld Payer's Federal ID Number 33-0711111 Receipeint's Name America Los Rios Street Address 4700 Oak Drive City, State Zip Sacramento, CA 95841 6. Foreign Tax Paid 7. 8. Tax Exempt Interest 9. Specific Private Activity bonds Interest 11. State 12. State ID Number Account Number (see instructions) 10. Tax Exempt 13. Tate Withtheld 2. Federal Income Tax Withheld W-2 Information 1. Wages, Tips and Other Compensation $69,000 a. Employee Soc. 93. Social Security Wages 876-23-5132 $69,000 b. Employer ID Nun 33-0711111 $69,000 c. Employer's name, address and zip code Super X Food Market 1546 Safe Drive Sacramento, CA 95841 d. Control Number $14,800 4. Social Security Tax Withheld $4,278 6. Medicare Tax Withheld $1.001 e. America Los Rios 4700 Oak Drive Sacramento, CA 95841 7. Social Security T 8. Allocated Tips 9. 10. 11. Nonqualified Compensation 12 a. 13. Stat. Employer 12 b 14. Retirement Plan 12 c. Third Party Sick Pay 12 d. 15. State Employer 16. State Wages, 33-0711111 Tips $69,000 18. Local, Wages, 19. Local Income Tax 17. State Income Tax $5,000 2020 Payer's Name and Address American River Corporation Stock PO Box 9999 Sacramento CA 95841 1a Ordinary Dividends $ 4,400 1 b. Qualified Dividends $ 4,400 2a Capital gain Dist. Form 1099 Div 2b. Unreap. Sec 1250 gain 2 c Section 1202 gain 2 d. Collectibles PAYER'S FEDERAL ID NUMB RECIPIENTS IDENTIFICATION NUMBER 38-1111111 XXX-XX-5132 3 Non Dividend Distriubtions 4 Federal Income Tax W/H RECEIPEINT'S name America Los Rios Street Address 4700 Oak Drive City, State, Zip Sacramento, CA 95841 5 Investment Expense 6. Foreign Taxes Paid Account Number 00067769 Account number(see instructions) 8 cash liquid. Distributions 7 Foreign country or US Possession 9 Noncash liquid. Distributions open contracts in 2010 11 Private Activity Bonds loss on contracts 14 State Tax Refund 10 Exempt Interest Dividend open contracts in 2011 12 State 13 State Id no. 1099 Div For all sales of stocks and bonds below, make sure to indicate on intuit software that they were not on form 1099 B like described in the video in Module 28 on the blackboard 2020 FORM 1099-B PAYER'S, name, street, city, zip 1a. Date of sale or exchange and telephone number 10/05/20 Red Co. 1b. Date of Acquisition Sacramento, CA 95841 2/1/2005 Stocks, bonds, etc. gross proceeds $5,500 PAYER'S FEDERAL ID NUMB RECIPIENTS IDENTIFICATION NUMBER 38-111111 XXX-XX5132 Federal Income Tax Withheld Cost or other basis $ 2,500 6 Box 2 Long-Term 7 8 Type of gain or loss RECEIPEINT'S name America Los Rios Street address 4700 Oak Drive City, state and zip code Sacramento, CA 95841 Account number(see instructions) 9 Description 10 Profit or loss realized in 2011 11 Unrealized gain or loss on open contracts in 2010 13 Aggregate Profit or loss on contracts CUSIP number 12 Unrealized gain or loss on open contracts in 2011 2020 FORM 1099-B PAYER'S, name, street, city, zip 1a. Date of sale or exchange and telephone number 8/3/2020 Green Co. 1b. Date of Acquisition Sacramento, CA 95841 6/11/2020 Stocks, bonds, etc. gross proceeds $4,000 PAYER'S FEDERAL ID NUMB RECIPIENTS IDENTIFICATION NUMBER 38-111111 XXX-XX5132 Federal Income Tax Withheld Cost or other basis $ 5,000 6 Box 2 Short-term RECEIPEINT'S name America Los Rios Street address 4700 Oak Dirve 8 Type of gain or loss 2020 FORM 1099-B PAYER'S, name, street, city, zip 1a. Date of sale or exchange and telephone number 9/22/2020 Blue Co. 1b. Date of Acquisition Oceanside, CA 12/12/2019 Stocks, bonds, etc. gross proceeds $6,200 PAYER'S FEDERAL ID NUMB RECIPIENTS IDENTIFICATION NUMBER 38-111111 XXX-XX-5132 Federal Income Tax Withheld Cost or other basis $ 5,000 6 Box 2 Short-term 7 8 Type of gain or loss RECEIPEINT'S name America Los Rios Street address 4700 Oak Dirve City, state and zip code Sacramento, CA 95841 Account number(see instructions) 19 Description 10 Profit or loss realized in 2011 11 Unrealized gain or loss on open contracts in 2010 13 Aggregate Profit or loss on contracts SUSIP number 12 Unrealized gain or loss on open contracts in 2011 2020 FORM 1099-B PAYER'S, name, street, city, zip 1a. Date of sale or exchange and telephone number 10/15/2020 Nhite Co 1b. Date of Acquisition San Diego, CA 5/12/2004 Stocks, bonds, etc. gross proceeds $7,000 PAYER'S FEDERAL ID NUMB RECIPIENTS IDENTIFICATION NUMBER 38-111111 XXX-XX-5132 Federal Income Tax Withheld Cost or other basis $ 4,000 6 Box 2 Long-term 7 RECEIPEINT'S name America Los Rios Street address 4700 Oak Drive City, state and zip code Sacramento, CA 95841 8 Type of gain or loss 9 Description PAYER'S, name, street, city, zip 1a. Date of sale or exchange and telephone number 11/1/2020 2020 Black Co. 1b. Date of Acquisition San Diego, CA 9/15/2008 FORM 1099-B Stocks, bonds, etc. gross proceeds $5,500 PAYER'S FEDERAL ID NUMB RECIPIENTS IDENTIFICATION NUMBER Cost or other basis 38-111111 XXX-XX-5132 $ 6,750 Federal Income Tax Withheld 16 Box 2 Long-term 7 8 Type of gain or loss RECEIPEINT'S name America Los Rios Street address 4700 Oak Drive City, state and zip code Sacremento, CA 95841 Account number(see instructions) 9 Description 10 Profit or loss realized in 2011 11 Unrealized gain or loss on open contracts in 2010 13 Aggregate Profit or loss on contracts CUSIP number 12 Unrealized gain or loss on open contracts in 2011 Sacremento Bank and Trust 49 Commerce Street Sacremento, CA 95841 Recipient's Fed ld Payer's Social Security N 1. Mortgage Interest 33-1234569 876-23-5132 10,600 Payer/Borrower's Name 2. Points Paid America Los Rios Street Address Real Estate Taxes Paid 4700 Oak Drive $4,000 City or Town, State Sacramento, CA 95841 Form 1098 2020 Mortgage And Real Estate Statement Mortgage Outstanding Balance 1/1/20 $212,000