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eBook Calculator compreeSIVUTION In 2018, Professor Patricia (Patty) Pat retired from the Palm Springs Culinary Arts Academy (PSCAA). She is a single taxpayer and is

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eBook Calculator compreeSIVUTION In 2018, Professor Patricia (Patty) Pat retired from the Palm Springs Culinary Arts Academy (PSCAA). She is a single taxpayer and is 62 years old. Patty lives at 98 Colander Street, Apt. 2060, Henderson, NV 89052. Professor Pite's Social Security number is 565-66-9378. In 2018, Patty had just a few months of salary from her previous job: $9,800 Wages Federal tax withheld State tax withheld 450 Patty owns a rental condo located at 392 Spatula Way, Mount Charleston, NV 89124. The condo rented for 60 days of 2018 for $850 a month but a mold problem was discovered in the condo, her renters moved out, and she was unable to rent the apartment after the repairs (although she vigorously pursued new tenants). Patty actively manages the property herself. The following are the related expenses for the rental house: $3,900 9.100 561 Real estate taxes Mortgage interest Insurance Depreciation (assume fully depreciated) Homeowners' Association dues Repairs Gardening 1,260 1,195 560 Advertising 1,200 The condo was purchased on August 31, 1979. Professor Pat handles all rental activities (eg, rent collection, finding tenants, etc.) herself. In 2018, Patty sold her beloved home for almost 30 years for $380,000 on February 27, 2016. Her basis in the home was $120,000 and she acquired the home sometime in July of 1988 (she could not remember the day). Required: Complete Form 1040 and the schedules and forms provided for Patty. The taxpayer had health coverage for the entire year. The taxpayer does not want to make a contribution to the presidential election campaign. Do not complete Form 4562 for reporting depreciation. Make realistic assumptions about any missing data. If an amount box does not require an entry or the answer is zero, enter "o". If required, round amounts to the nearest dollar. Enter all amounts as positive numbers except for the following special instructions: If required, on Form 1040, line 17 and on

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