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Danae Coleman is single and lives at 5411 Melbourne Avenue, Chicago, IL 60455. She is a supervisor and her SSN is 412-34-5670. Using the following

Danae Coleman is single and lives at 5411 Melbourne Avenue, Chicago, IL 60455. She is a supervisor and her SSN is 412-34-5670. Using the following information, complete her tax return for 2018:

Kimber Company W-2:
Gross $ 90,000
Social security tax 5,580
Medicare tax 1,305
Federal withholding tax 16,300
State withholding tax 2,700
Lee Company W-2:
Gross $ 22,500
Social security tax 1,395
Medicare tax 326
Federal withholding tax 2,300
State withholding tax 600
Danae has the following itemized deductions:
Real estate tax $ 7,633
Mortgage interest 8,445
Charitable contributions 3,000
Danae has the following investments:
1099-INT (Bank 1) $ 2,510
1099-DIV (Stock 1)
Ordinary dividends 2,389
Qualified dividends 1,963
Capital gain distribution 4,711
2017 short-term loss carryover (1,000 )

Danae received a gift of 2,000 shares of FNP Inc. stock from her Aunt Jane on January 19, 2018. The basis of the shares to Aunt Jane was $4,300, and they had an FMV of $4,600 on the date of the gift. Aunt Jane purchased the stock on December 30, 2016. On June 30, 2018, Danae sold all the shares for $6,000.

Danae is an avid stamp collector and purchased a rare stamp on March 20, 2008, for $4,000. She sold the stamp for $6,000 on April 8, 2018.

Prepare Forms:

  • 1040 PG 2
  • Schedule 1
  • Schedule A
  • Schedule D PG1
  • Schedule D PG2
  • Form 8949
  • Rate Gain
  • Tax Worksheet PG1
  • Tax Worksheet PG2

and all related schedules, forms, and worksheets for 2018. Danae does not donate to the presidential election campaign. Danae is a manager at Kimber Company and had qualifying health care coverage at all times during the tax year. (Indicate losses with minus sign and enter all other values as positive amounts.)

Use the appropriate Tax Tables and Tax Rate Schedules.

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