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Ashley Panda lives at 1 3 1 0 Meadow Lane, Wayne, OH 4 3 4 6 6 , and her Social Security number is 1
Ashley Panda lives at Meadow Lane, Wayne, OH and her Social Security number is Ashley is single and has a yearold son, Bill. His Social Security number is Karl lives with Ashley, and she fully supports him. Bill spent traveling in Europe and was not a college student. He had gross income of $ in
Bill paid $ of lodging expenses that Ashley reimbursed after they were fully documented. Ashley paid the $ to Bill using a check from her sole proprietorship. That amount is not included in the items listed below. Ashley had substantial health problems during and many of her expenses were not reimbursed by her health insurance.
Ashley owns Panda Enterprises LLC a data processing service that she reports as a sole proprietorship. Her business is located at Hill Street, Wayne, OH The business activity code is Her Form Schedule C for Panda Enterprises shows revenues of $ office expenses of $ employee salary of $ employee payroll taxes of $ business meal expenses of $before the reduction and rent expense of $ The rent expense includes payments related to renting an office $ and payments related to renting various equipment $ There is no depreciation because all depreciable equipment owned has been fully depreciated in previous years. No fringe benefits are provided to the employee. Ashley personally purchases health insurance on herself and Bill. The premiums are $ per year.
Ashley has an extensive stock portfolio and has prepared the following analysis:
Stock Number of Shares Date Purchased Date Sold PerShare Cost PerShare Selling Price Total Dividends
Beige $ $ $
Garland
Peach
Note: Ashley received a Form B from her stockbroker that included the adjusted basis and sales proceeds for each of her stock transactions. The pershare cost includes commissions, and the pershare selling price is net of commissions. Also, the dividends are the actual dividends received in and these are both ordinary dividends and qualified dividends.
Ashley had $ of interest income from State of Ohio bonds and $ of interest income on her Wayne Savings Bank account. She paid $ of alimony to her former husband divorce finalized in June His Social Security number is
Ashley itemizes her deductions and provides the following information, which may be relevant to her return:
Item Amount Comment
Unreimbursed medical expenses for Ashley $ Does not include health insurance premiums.
State income taxes paid
Real property taxes on personal residence
Interest paid on home mortgage Form The loan is secured by the residence and was incurred when the home was purchased.
Charitable contributions $ cash payments to Ashley's church and $ cash payments made to homeless persons for whom she felt sorry. She can document all the expenditures.
Sales taxes Amount per sales tax table.
Ashley paid $ in estimated Federal income taxes, did not engage in any digital asset transactions during the year, does not want any of her taxes to finance presidential elections, has no foreign bank accounts or trusts, and wants any refund to be applied against her taxes.
Compute Ashley's net tax payable or refund due for If you use tax forms for your computations, you will need Form and its Schedules A C D and SE and the Qualified Dividends and Capital Gain Tax Works PLEASE FILL OUT FORM SHCEDULE ACDAND SE SEND ME THE FULL FORM FILLED OUT PLEASE.
Make realistic assumptions about any missing data.
If an amount box does not require an entry or the answer is zero, enter
Enter all amounts as positive numbers, unless otherwise instructed.
It may be necessary to complete the tax schedules before completing Form
When computing the tax liability, do not round your immediate calculations. If required, round your final answers to the nearest dollar.
Use the Tax Rate Schedule provided. Do not use the Tax Tables.
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