Bill and Joyce paid $7, 400 in tuition, $340 for books, and $9, 300 for room and bound for Will, a junior, to attend Spring brook State University. They also paid $16, 410 in tuition, $950 in books, and $10, 100 in room and bound for Dan, a freshman at Prescott College. Other information: Joyce's business is named Queensbridge Books, and her employer LD, number is 0.5-34-345. The Salvation Army's address is 15 High Street, Wakefield, R.1. 02879. To complete phase II, you will need the following additional forms. Schedule A, Schedule C, Schedule SE, and Forms 4562, 4684, 8283, 8606, 8829, and 8863. If you are using tax software to prepare the tax return or are not complex sing phase III of the problem, ignore the instructions that follow: As in phase I, there are forms in phase II that cannot be completed without additional information which is provided in phase III. Therefore, as a general rule, you should only post the information to the appropriate from and not compute totals for that form. The following specific instructions will avoid you in preparing Part II of the return. The only firm that can be completed at the end of phase II is Form 8283. Do not calculate total income or adjusted gross income on page 1 of Form 1040. Post the appropriate information on page 2 of Form 1040, but do not total this page, compute the federal tax liability, or determine the refund or balance due. Do not calculate the total deducting on Schedule A. Do not total Joyce's expense on Schedule C. Do not compute Joyce's self-employment tax on Schedule SE. Do not complete the summary section of Form 4562. Complete form 4684 only to the point at which adjusted grows income is requested. On Form 8829, complete Part I, and only post the appropriate indirect expenses. Do not calculate the allowable depreciation or the allowable home office deduction. This is the third and final phase of the Schnappauf family's tax return. This phase incorporated the material in Chapters 9, 10, 11, and 12 required you to analyze the various type of property transactions discussed in those chapters. On February 11, 2015, Bill inherits his father's summer homes. The house, located in South Lake Tahoe, Nevada, has a fair market value of $550,000 at the date of his father's death. His parents has purchased the house in 1977 for $140,000 and made $122,000 worth of capital improvements to it. Twenty percent of the total value of the property is attributable to the land. Became Bill and Joyce ultimately would like to use the property as a vacation home, they decide to rent it out. Bill actively participates in the management of the property. The property is fist advertised for rent on March 1, 2015, but is not rented until April 15, 2015. Bill provides the following income and expense information for the Lake Tahoe rental property: In addition, Bill buys a new stove for $1, 800 and a new refrigerator for $1, 450 on March 20, 2015. Bill and Joyce paid $7, 400 in tuition, $340 for books, and $9, 300 for room and bound for Will, a junior, to attend Spring brook State University. They also paid $16, 410 in tuition, $950 in books, and $10, 100 in room and bound for Dan, a freshman at Prescott College. Other information: Joyce's business is named Queensbridge Books, and her employer LD, number is 0.5-34-345. The Salvation Army's address is 15 High Street, Wakefield, R.1. 02879. To complete phase II, you will need the following additional forms. Schedule A, Schedule C, Schedule SE, and Forms 4562, 4684, 8283, 8606, 8829, and 8863. If you are using tax software to prepare the tax return or are not complex sing phase III of the problem, ignore the instructions that follow: As in phase I, there are forms in phase II that cannot be completed without additional information which is provided in phase III. Therefore, as a general rule, you should only post the information to the appropriate from and not compute totals for that form. The following specific instructions will avoid you in preparing Part II of the return. The only firm that can be completed at the end of phase II is Form 8283. Do not calculate total income or adjusted gross income on page 1 of Form 1040. Post the appropriate information on page 2 of Form 1040, but do not total this page, compute the federal tax liability, or determine the refund or balance due. Do not calculate the total deducting on Schedule A. Do not total Joyce's expense on Schedule C. Do not compute Joyce's self-employment tax on Schedule SE. Do not complete the summary section of Form 4562. Complete form 4684 only to the point at which adjusted grows income is requested. On Form 8829, complete Part I, and only post the appropriate indirect expenses. Do not calculate the allowable depreciation or the allowable home office deduction. This is the third and final phase of the Schnappauf family's tax return. This phase incorporated the material in Chapters 9, 10, 11, and 12 required you to analyze the various type of property transactions discussed in those chapters. On February 11, 2015, Bill inherits his father's summer homes. The house, located in South Lake Tahoe, Nevada, has a fair market value of $550,000 at the date of his father's death. His parents has purchased the house in 1977 for $140,000 and made $122,000 worth of capital improvements to it. Twenty percent of the total value of the property is attributable to the land. Became Bill and Joyce ultimately would like to use the property as a vacation home, they decide to rent it out. Bill actively participates in the management of the property. The property is fist advertised for rent on March 1, 2015, but is not rented until April 15, 2015. Bill provides the following income and expense information for the Lake Tahoe rental property: In addition, Bill buys a new stove for $1, 800 and a new refrigerator for $1, 450 on March 20, 2015