Question
Andi, age-79, is single and has no dependents. Andi had the following relevant transactions for 2019: Social Security benefits for Andi $19,000 Interest income from
Andi, age-79, is single and has no dependents. Andi had the following relevant transactions for 2019:
Social Security benefits for Andi $19,000
Interest income from local bank 650
Qualified dividends 555
Loss on sale of Tandem Diabetic stock (held from
11/10/2017 to 10/31/2019) -3,100
Federal income tax quarterly deposits (total) 2,800
Itemized deductions 7,925
Total Capital gain 30,378
Single
Family
RENTAL OPERATIONS Home Duplex
Rental income $21,900 $29,200
Interest expense 8,800 11,200
Property taxes 1,650 6,366
Maintenance 440 560
Insurance 1,260 1.465
Depreciation-Building (Line 17, Form 4562) 2,495 2,845
Depreciation-Appliances (Line 17, Form 4562) 0 0
Complete a Form 1040 with the appropriate Schedules and Forms for 2019 for Andi.
Minimum forms required:
Form 1040, Schedule 1, Schedule 3
Form 1040, Schedule B, Schedule D, Schedule E.
Form 4562, Form 4797, Form 8949 (Optional), Form 8995 (optional).
Hints:
- Claim the QBI deduction for the rentals.
This question is related to the tax return. Please help me to fill out the tax return forms. Which number goes where? Thank you
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