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 .5000 Fistine .file 50.200.00 4.320.00 Empoyecto 31-1238967 50.900.00 3.155.80 Las Vegas School District 2234 Vegas Valley Drive Las Vegas, NV 89169 50.900.00 738.05 Com DD 7,800.00 Employees from the Walter Black 883 Scrub Brush Street, Apt # 52B Las Vegas, NV 89125 Employers 15 Dube NV Duarters Fan W-2 Wage and Tax 2018 Copy-To B ed With Employee's FEDERAL Tax Return This information is used to rent Revenue Service The Blacks moved from Maine to Nevada. As a result, they sold their house in Maine on January 4, 2018. They originally paid $76,000 for the home on July 3, 1993, but managed to sell it for $604,000. They spent $13,000 on improvements over the years. They are currently renting in Las Vegas while they look for a new home The Blacks received the following 1099-DIV from their mutual fund investments: CORRECTED I checked PR E ZIP team 1.400.00 2018 Dividends and Distributions Cyber Funds Equities Fund 41 Wall Street New York, NY 10005 998.00 6.543.12 Copy For Recipient 17-1234326 222-43-7690 Skylar B. Black 883 Scrub Brush Street 152B OG G and Portugape Las Vegas, NV 89125 Agroprodude cad pro Form DIV o up for your records) wwwpr o profen 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 Black's 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 tav return nursing home in Reno, NV and has no income. Walter's father, Alton Black (Social Security number 3, 22-9899), lives with the Blacks in Las Vegas. Although Alton received Social Security benefits of $7,6C 2018, the Blacks provide over half of Alton's support. Walt's earnings from teaching are: Empleo T TT Vit hen we 700-01-0002 Fra m e - file www.garkan b Employer identication number ZLA 31-1238967 o Employer's mine, address, and ZIP code Las Vegas School District 2234 Vegas Valley Drive Las Vegas, NV 89169 50,900.00 GOCIOCU Wago 50,900.00 5 Medicoro wages and is 50,900.00 7 Social security tips 4,320.00 drawne 3.155.80 & Medicare tax withihald 738.05 @ Alocate d Control number Vornication code 10 Dependent care benefits 11 Nonquated plans Za Benstructions for box 12 DD 7,800.00 Employee's first name and Inbal Last name Walter Black 883 Scrub Brush Street, Apt # 52B Las Vegas, NV 89125 1 Employe's dress and ZIP Code 1922 m. late number NV 20 an . 13, 10 canom 10 wage1. 17 state income 10 LOC Department of the Treasury Intemal Rovus Service 19 Wage and Tax F W -2 statement 2018 todo OMB No 15450110 2018 Dividends and Distributions CORRECTED (of checked PAYER'S name, street address, city or town, to or province, country, ZIP ta Totul ordinary dividenda or foreign postal code and telephone na 1,400.00 Cyber Funds Equities Fund 41 Wall Street New York, NY 10005 998.00 2a Total capital gain diat. $ 6,543.12 PAYER'S TIN RECPIENT'S TIN 2 Section 120 gain 17-1234326 222-43-7690 Form 1000-DIV 26 Urrecap. Soc. 1200 Copy B For Recipient Collectibles (2011 gan Nondividend distribution or income Tax RECIPIENT'Sram Skylar B. Black Section 106A divdendo o rement per Street address including apt.no 883 Scrub Brush Street #52B Foreign tax pad a buyrus pe This important tax Information and is Saumahed to the ths. you are regured to rotum a nadigan pinay of our sation may be mrpose on you noon att and the is daties that it has not been reported City or low, to or province, country, and 2 or regn poll Code Las Vegas, NV 89125 Cachligion Stribution to Norcan iqtison delibson |FATCA Ring 11 Bronprinterutdoonds 12 Spa bendrust didends number ontructions 4 5 Sul held Fo o t Trauneral Service Form 1000 DIV P your record 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 .5000 Fistine .file 50.200.00 4.320.00 Empoyecto 31-1238967 50.900.00 3.155.80 Las Vegas School District 2234 Vegas Valley Drive Las Vegas, NV 89169 50.900.00 738.05 Com DD 7,800.00 Employees from the Walter Black 883 Scrub Brush Street, Apt # 52B Las Vegas, NV 89125 Employers 15 Dube NV Duarters Fan W-2 Wage and Tax 2018 Copy-To B ed With Employee's FEDERAL Tax Return This information is used to rent Revenue Service The Blacks moved from Maine to Nevada. As a result, they sold their house in Maine on January 4, 2018. They originally paid $76,000 for the home on July 3, 1993, but managed to sell it for $604,000. They spent $13,000 on improvements over the years. They are currently renting in Las Vegas while they look for a new home The Blacks received the following 1099-DIV from their mutual fund investments: CORRECTED I checked PR E ZIP team 1.400.00 2018 Dividends and Distributions Cyber Funds Equities Fund 41 Wall Street New York, NY 10005 998.00 6.543.12 Copy For Recipient 17-1234326 222-43-7690 Skylar B. Black 883 Scrub Brush Street 152B OG G and Portugape Las Vegas, NV 89125 Agroprodude cad pro Form DIV o up for your records) wwwpr o profen 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 Black's 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 tav return nursing home in Reno, NV and has no income. Walter's father, Alton Black (Social Security number 3, 22-9899), lives with the Blacks in Las Vegas. Although Alton received Social Security benefits of $7,6C 2018, the Blacks provide over half of Alton's support. Walt's earnings from teaching are: Empleo T TT Vit hen we 700-01-0002 Fra m e - file www.garkan b Employer identication number ZLA 31-1238967 o Employer's mine, address, and ZIP code Las Vegas School District 2234 Vegas Valley Drive Las Vegas, NV 89169 50,900.00 GOCIOCU Wago 50,900.00 5 Medicoro wages and is 50,900.00 7 Social security tips 4,320.00 drawne 3.155.80 & Medicare tax withihald 738.05 @ Alocate d Control number Vornication code 10 Dependent care benefits 11 Nonquated plans Za Benstructions for box 12 DD 7,800.00 Employee's first name and Inbal Last name Walter Black 883 Scrub Brush Street, Apt # 52B Las Vegas, NV 89125 1 Employe's dress and ZIP Code 1922 m. late number NV 20 an . 13, 10 canom 10 wage1. 17 state income 10 LOC Department of the Treasury Intemal Rovus Service 19 Wage and Tax F W -2 statement 2018 todo OMB No 15450110 2018 Dividends and Distributions CORRECTED (of checked PAYER'S name, street address, city or town, to or province, country, ZIP ta Totul ordinary dividenda or foreign postal code and telephone na 1,400.00 Cyber Funds Equities Fund 41 Wall Street New York, NY 10005 998.00 2a Total capital gain diat. $ 6,543.12 PAYER'S TIN RECPIENT'S TIN 2 Section 120 gain 17-1234326 222-43-7690 Form 1000-DIV 26 Urrecap. Soc. 1200 Copy B For Recipient Collectibles (2011 gan Nondividend distribution or income Tax RECIPIENT'Sram Skylar B. Black Section 106A divdendo o rement per Street address including apt.no 883 Scrub Brush Street #52B Foreign tax pad a buyrus pe This important tax Information and is Saumahed to the ths. you are regured to rotum a nadigan pinay of our sation may be mrpose on you noon att and the is daties that it has not been reported City or low, to or province, country, and 2 or regn poll Code Las Vegas, NV 89125 Cachligion Stribution to Norcan iqtison delibson |FATCA Ring 11 Bronprinterutdoonds 12 Spa bendrust didends number ontructions 4 5 Sul held Fo o t Trauneral Service Form 1000 DIV P your record