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Hi All :) Prepare the tax liability, tax refund or taxes owed. Thank you so much ! :) P.S. No forms needed :) Tax Return

Hi All :)

Prepare the tax liability, tax refund or taxes owed.

Thank you so much ! :)

P.S. No forms needed :)

image text in transcribed

Tax Return Problem 2 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, con Main content turn for 2019: $90,000 5,580 1,305 16,300 2,700 Kimber Company W-2: Gross Social security tax Medicare tax Federal withholding tax State withholding tax Lee Company W-2: Gross Social security tax Medicare tax Federal withholding tax State withholding tax Danae has the following itemized deductions: Real estate tax Mortgage interest Charitable contributions Danae has the following investments: 1099-INT 1099-DIV Ordinary dividends Qualified dividends Capital gain distribution 2018 short-term loss carryover $22,500 1,395 326 2,300 600 $7,633 8,445 3,000 $2,510 2,389 1,963 4,711 (1,000) Danae received a gift of 2,000 shares of FNP Inc. stock from her Aunt Jane on January 19, 2019. The basis of the shares to Aunt Jane was Page 7-55 $4,300, and they had an FMV of $4,600 on the date of the gift. Aunt Jane purchased the stock on December 30, 2017. On June 30, 2019, Danae sold all the shares for $6,000. Danae is an avid stamp collector and purchased a rare stamp on March 20, 2009, for $4,000. She sold the stamp for $6,000 on April 8, 2019. Prepare Form 1040 and all related schedules, forms, and worksheets for 2019. 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. Tax Return Problem 2 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, con Main content turn for 2019: $90,000 5,580 1,305 16,300 2,700 Kimber Company W-2: Gross Social security tax Medicare tax Federal withholding tax State withholding tax Lee Company W-2: Gross Social security tax Medicare tax Federal withholding tax State withholding tax Danae has the following itemized deductions: Real estate tax Mortgage interest Charitable contributions Danae has the following investments: 1099-INT 1099-DIV Ordinary dividends Qualified dividends Capital gain distribution 2018 short-term loss carryover $22,500 1,395 326 2,300 600 $7,633 8,445 3,000 $2,510 2,389 1,963 4,711 (1,000) Danae received a gift of 2,000 shares of FNP Inc. stock from her Aunt Jane on January 19, 2019. The basis of the shares to Aunt Jane was Page 7-55 $4,300, and they had an FMV of $4,600 on the date of the gift. Aunt Jane purchased the stock on December 30, 2017. On June 30, 2019, Danae sold all the shares for $6,000. Danae is an avid stamp collector and purchased a rare stamp on March 20, 2009, for $4,000. She sold the stamp for $6,000 on April 8, 2019. Prepare Form 1040 and all related schedules, forms, and worksheets for 2019. 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

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