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Comprehensive Problem 5 - 2 ABea Krump ( birthdate 3 / 2 7 / 1 9 8 7 ) moved from Texas to Florida in
Comprehensive Problem ABea Krump birthdate moved from Texas to Florida in January after divorcing her spouse in She and her daughter, Dee Krump birthdate Social Security number live at Ocean Way, Gulfport, FL Bea provides all of Dees support. Bea can claim a child tax credit for Dee. Beas Social Security number is and she is single.Bea owns and operates a shrimping business called Bea Krumps Shrimp. She uses a rented boat to shrimp and has a home office located in their home. The principal business code is Beas bookkeeper provided the following income statement from the shrimping business:Bea sells her entire catch at the end of each day and thus has no inventory. She uses the cash method of accounting and has no depreciation. Bea uses her home office exclusively for conducting business. The office is square feet in her square foot home. Other than the interest and taxes reported below, her only other cost is utilities of $ Assume no depreciation. Beas health insurance is a highdeductible plan.Bea also receives $ per month in alimony from her exspouse in accordance with their divorce decree.In order to move herself and Dee, Bea spent $ moving her household goods trailer rental $ on meals and $ on lodging while traveling between Texas and Florida. The drive was miles.After moving to Gulfport, Bea sent Dee to a local private school for the remainder of th grade. Bea used $ from Dees Section plan to pay for private school tuition as reported on the Form Q see separate tab Dee had always attended public schools in Texas.During Bea paid the following amounts all of which can be substantiated:Bea paid for the outofpocket doctor bills with a distribution from her HSA account. See Form SA see separate tabAfter the divorce, Bea had to purchase a car for herself and all the furnishings for her home. She kept her receipts and had total sales taxes of $ which exceeds the sales tax estimate from the IRS tables.Required:Complete Beas federal tax return for Use Form Schedule Schedule Schedule A Schedule C Schedule SE Form Form and Form to complete this tax return. Although the taxpayer is eligible for the Child or Other Dependent Tax Credit and Schedule is normally completed, we are giving you the amount to be entered directly on Form If possible could you please attach all the forms required
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