Comprehensive Problems 4 Skylar and Walter Black have been married for 25 years. They live at 883 Scrub Brush Street, Apt. 52B, Las Vegas, NV 89125. Skylar is a homemaker and Walt is a high school teacher. Skylar's Social Security number is 222-43-7690 and Walt's is 700-01-0002. Neither are age 65 or older. The Blacks provide all the support for Skylar's mother, Rebecca Backin (Social Security number 411-66-2121), who lives in a nursing home in Reno, NV and has no income. Walter's father, Alton Black (Social Security number 343-22-8899), lives with the Blacks in Las Vegas. Although Alton received Social Security benefits of $7,600 in 2018, the Blacks provide over half of Alton's support. Walt's earnings from teaching are: 700-01-0002 e filegri 31-1238967 50,900.00 4,320.00 Las Vegas School District 50.900.00 3,155.80 2234 Vegas Valley Drive 50.900.00 738.05 Las Vegas, NV 89169 Visit the website at Safe, secure CMB No. 1548-0002 FAITIU Employer union number Employer's address, ordP code SOCIOCUy way SSC CG Medicare wages and pe Medica taxa Alocated tipe d Control number Verstoode 10 Dependent care boots St. 11 Nanquined plans . Employeu's first name and intal Last name Walter Black 883 Scrub Brush Street, Apt # 52B Las Vegas, NV 89125 12a Sestructions for box 12 DD 7,800.00 120 14 ener 120 : 120 Employer's ass and DP code 15 Employers state number 17 State Income to 18 Lowass, 10 Lancome 20 L NV com W-2 Ware and Tax Department of the Treasury-Inamal Ravenue Service 2018 Statement Copy B-To Be Filed with Employee's FEDERAL Tax Return This information is being furnished to the Internal Revenue Service The Blacks received the following 1099-DIV from their mutual fund investments: Dividends and Distributions CORRECTED of checked PAYERS sans se des clar, sala province, county 2 colondrey didende fesse for pould code 1,400.00 Cyber Funds Equities Fund Guided dodendo 2018 41 Wall Street New York, NY 10005 998.00 For 1000-DIV 6,543.12 PAYER STH RECRONIN 17-1234326 222-43-7690 CopyB For Recipient Thes FOOT reme Monitor Goblin Skylar B. Black $ Ered residing to $ 883 Scrub Brush Street #52B orgpad Cayer w state or province coveyond Porbrug postal code Las Vegas, NV 89125 FATCA 1 Examiner lange regur 19 Sale Sale Form 10-DIV keup for your recorde) www.in. gouf ammon Departement de Tremy - Heurwaarnemic The Blacks own a ski condo located at 123 Buncombe Lane, Brian Head, UT 84719. The condo was rented for 184 days during 2018 and used by the Blacks for 16 days. Pertinent information about the condo rental is as follows: Rental income $12,000 Mortgage interest reported on Form 1098 8,600 Homeowners' association dues 5,200 Utilities 1,200 Maintenance 3,800 Depreciation (assume fully depreciated) O The above amounts do not reflect any allocation between rental and personal use of the condo. The Blacks are active managers of the condo. Required: Complete the Blacks federal tax return for 2018. Use Form 1040, Schedule 1, Schedule D, Form 8949, Schedule E, Form 8582 (page one only) and the Qualified Dividends and Capital Gain Worksheet to complete their tax return. Comprehensive Problems 4 Skylar and Walter Black have been married for 25 years. They live at 883 Scrub Brush Street, Apt. 52B, Las Vegas, NV 89125. Skylar is a homemaker and Walt is a high school teacher. Skylar's Social Security number is 222-43-7690 and Walt's is 700-01-0002. Neither are age 65 or older. The Blacks provide all the support for Skylar's mother, Rebecca Backin (Social Security number 411-66-2121), who lives in a nursing home in Reno, NV and has no income. Walter's father, Alton Black (Social Security number 343-22-8899), lives with the Blacks in Las Vegas. Although Alton received Social Security benefits of $7,600 in 2018, the Blacks provide over half of Alton's support. Walt's earnings from teaching are: 700-01-0002 e filegri 31-1238967 50,900.00 4,320.00 Las Vegas School District 50.900.00 3,155.80 2234 Vegas Valley Drive 50.900.00 738.05 Las Vegas, NV 89169 Visit the website at Safe, secure CMB No. 1548-0002 FAITIU Employer union number Employer's address, ordP code SOCIOCUy way SSC CG Medicare wages and pe Medica taxa Alocated tipe d Control number Verstoode 10 Dependent care boots St. 11 Nanquined plans . Employeu's first name and intal Last name Walter Black 883 Scrub Brush Street, Apt # 52B Las Vegas, NV 89125 12a Sestructions for box 12 DD 7,800.00 120 14 ener 120 : 120 Employer's ass and DP code 15 Employers state number 17 State Income to 18 Lowass, 10 Lancome 20 L NV com W-2 Ware and Tax Department of the Treasury-Inamal Ravenue Service 2018 Statement Copy B-To Be Filed with Employee's FEDERAL Tax Return This information is being furnished to the Internal Revenue Service The Blacks received the following 1099-DIV from their mutual fund investments: Dividends and Distributions CORRECTED of checked PAYERS sans se des clar, sala province, county 2 colondrey didende fesse for pould code 1,400.00 Cyber Funds Equities Fund Guided dodendo 2018 41 Wall Street New York, NY 10005 998.00 For 1000-DIV 6,543.12 PAYER STH RECRONIN 17-1234326 222-43-7690 CopyB For Recipient Thes FOOT reme Monitor Goblin Skylar B. Black $ Ered residing to $ 883 Scrub Brush Street #52B orgpad Cayer w state or province coveyond Porbrug postal code Las Vegas, NV 89125 FATCA 1 Examiner lange regur 19 Sale Sale Form 10-DIV keup for your recorde) www.in. gouf ammon Departement de Tremy - Heurwaarnemic The Blacks own a ski condo located at 123 Buncombe Lane, Brian Head, UT 84719. The condo was rented for 184 days during 2018 and used by the Blacks for 16 days. Pertinent information about the condo rental is as follows: Rental income $12,000 Mortgage interest reported on Form 1098 8,600 Homeowners' association dues 5,200 Utilities 1,200 Maintenance 3,800 Depreciation (assume fully depreciated) O The above amounts do not reflect any allocation between rental and personal use of the condo. The Blacks are active managers of the condo. Required: Complete the Blacks federal tax return for 2018. Use Form 1040, Schedule 1, Schedule D, Form 8949, Schedule E, Form 8582 (page one only) and the Qualified Dividends and Capital Gain Worksheet to complete their tax return
