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Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem. In addition, the taxpayers did NOT
Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem. In addition, the taxpayers did NOT receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during the year. Wendy ONeil SSN who is single, worked full time as the director at a local charity. She resides at Front Street, Highland, AZ For the year, she had the following reported on her W: Wages $ Federal withholding Social security wages Social security withholding Medicare withholding State withholding Other information follows: INT New Bank $ DIV Freeze, Incorporated Ordinary dividends Qualified dividends Wendy had the following itemized deductions: State income tax withholding $ State income tax paid with the return Real estate tax Mortgage interest Wendy inherited a beach house in North Carolina rental only on January from her father. The FMV at the fathers death was $ He had purchased the house years earlier for $ Summer rental income $ Repairs Real estate taxes Utilities Depreciation Calculate On December Wendy properly conducted a likekind exchange for rental real estate located at Lake Boulevard, Hot Town, AZ She received rental property with an FMV of $ and $ cash in exchange for the North Carolina beach house. The Arizona property did not produce any income until Prepare Form for Wendy for The taxpayer had qualifying health care coverage at all times during the tax year. You will also need Schedule Schedule A Schedule E Form Form Form and Form Use the appropriate Table A and Tax Tables or Tax Rate Schedules.
Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem. In addition, the taxpayers did NOT receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency during the year.
Wendy ONeil SSN who is single, worked full time as the director at a local charity. She resides at Front Street, Highland, AZ For the year, she had the following reported on her W:
Wages $
Federal withholding
Social security wages
Social security withholding
Medicare withholding
State withholding
Other information follows:
INT New Bank $
DIV Freeze, Incorporated Ordinary dividends
Qualified dividends
Wendy had the following itemized deductions:
State income tax withholding $
State income tax paid with the return
Real estate tax
Mortgage interest
Wendy inherited a beach house in North Carolina rental only on January from her father. The FMV at the fathers death was $ He had purchased the house years earlier for $
Summer rental income $
Repairs
Real estate taxes
Utilities
Depreciation Calculate
On December Wendy properly conducted a likekind exchange for rental real estate located at Lake Boulevard, Hot Town, AZ She received rental property with an FMV of $ and $ cash in exchange for the North Carolina beach house. The Arizona property did not produce any income until
Prepare Form for Wendy for The taxpayer had qualifying health care coverage at all times during the tax year. You will also need Schedule Schedule A Schedule E Form Form Form and Form Use the appropriate Table A and Tax Tables or Tax Rate Schedules.
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