C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddle.. .. . Final Examination Saved Help Save & Exit Submit Dave (SSN 412-34-5670) and Alicia (SSN 412-34-5671) Stanley are married and retired at age 51. The couple's income consists of rental property, stock investments, and royalties from an invention. They sold their large house that they had purchased six years ago for $580,000 on October 18, 2019, for $1 million. They now live in a condo at 101 Magnolia Lane, Suite 15, Highland Park, FL 33853. The rental property is an apartment complex (building cost $1.5 million and was purchased January 5, 2019) with 30 units that rent for $27,000 per month and are at 90% occupancy. Rental income $ 291, 600 Salaries 115, 000 Payroll taxes 8 ,798 Real estate taxes 18,750 Interest 45,000 Repairs and maintenance 29,000 Depreciation (Calculate) The following information is also for the year: 1099-INT Old Bank $ 22,000 1099-DIV Dell, Inc. Ordinary dividends 15, 250 Qualified dividends 15, 250 1099-DIV IBM, Inc. Ordinary dividends 8,650 Qualified dividends B, 650 1099-DIV Pepsi, Inc. Ordinary dividends 18,785 Qualified dividends 18,785 1099-MISC Box 2 royalties 152,300 Purchased Sold Sale Price Basis Gain/Loss Dell (held 9 mo. ) 12/01/18 09/01/19 $ 15,000 $ 9,000 $ 6,000 Pepsi (held 4 mo. ) 09/01/19 12/29/19 17, 000 25,000 (000'8) IBM (held 30 mo. ) 06/05/17 12/05/19 38,000 20,000 18,000 On January 3, 2020, Dave repurchased the exact number of shares he sold on December 29, 2019. The Stanleys paid $12,000 each quarter (four payments) in federal estimated income taxes. Prepare Form 1040 for the Stanleys. Taxpayers had qualifying health care coverage at all times during the tax year. You will also need Schedule 1, Schedule 2, Schedule 3, Schedule B, Schedule D, Schedule E, Form 4562, Form 8949, and Form 8960. (List the names of the taxpayers in the order in which they appear in the problem. Input all the values as positive numbers. Round all intermediate IMG 6796.PNG IMG_6759.PNG IMG_6795.PNG IMG_6794.PNG Show all X Removed O 7:37 PM Type here to search 12/18/2020