Appendix G: Christina Hunter Information For your seventh client, your boss wants you to prepare Form 1040, Schedules A, B, D and supporting forms (8949, 4684, 4797) for Christina Hunter. Facts: Christina is a 30-year old single woman who works full time as a hair stylist and part time as the hair stylist at a local theater company. No one else can claim Christina as a dependent. For 20X1, she had the following information: Taxpayer Christina Hunter 123 Candy Land Lane Cantonment, FL 33400 Social Security No. 123-45-6789 INCOME: W-2 from 1st employer Gross wages income: $13,164 Federal Withholding $ 921 W-2 from 2d employer Gross wages: $50,000 Federal withholding $ 9,500 Interest income from bank $132 Interest income from brokerage firm $2,100 Ordinary "qualified" dividends from large U.S. corporation $3,000 She sold the following assets during last year: General Motors stock, 1000 shares, bought 1/1/2010 for $10,000, sold July 1, 20X1 for $16,000 Sold Facebook, 500 shares, bought for $8,000 on February 1, 20X1 of last year, and sold on August 1st 20X1 of last year for $6,000 Sold her car on Craigslist, bought July 13, 20X3 at $25,000, sold on October 1st, 20X1 of last year for $9,000 Sold her fishing boat, which she paid $3,000 on July 1, 20X3, on November 1st of last year20X1 for $4,000 POSSIBLE DEDUCTIONS Mortgage interest paid $6,700 State and local income taxes paid $1,400 Charitable contributions to a 501(c)(3) charity $1,800 Casualty loss, her storage shed was destroyed when a tree fell on it. Cost and fair market value: $9,000 Insurance pay out for the shed: $3,000 Property taxes on her home $2,600 Using the facts above, prepare Form 1040, Schedules A, B & D for Christina for the most recent year for which there is a form (this is almost always the year prior to the present year). Remember to consider both the standard deduction vs. itemized deduction, and the personal exemption, if any. Also, you may need other forms, such as the 8949, and 4684, or 4797.