I need help with these tax forms please

Gregory R. and Lulu B. Clifden live with their family at the Rock Glen House Bed & Breakfast, which Gregory operates. The Bed & Breakfast (B&B) is located at 33333 Fume Blanc Way, Temecula, CA 92591. Gregory and Lulu enjoy good health and eyesight. 1. The Clifdens have three sons. Gerald is 17 years old, Gary is 12 years old, and Glenn is 10 years old. All three boys live at home and the Clifdens provide more than 50% of their support. 2. The Rock Glen House B&B is operated as a sole proprietorship and had the following income and expenses for the year: Room rental income $138,000 Vending machine income 2,100 Advertising expense 4,810 Depreciation for book and tax purposes 18,100 Mortgage interest on the B&B 23,010 Wages of cleaning people 17,540 Taxes and licenses 6,420 Supplies consumed 18,870 Business insurance 6,300 Laundry expenses 4,289 Accounting fees 1,850 Office expenses 2,400 Utilities 6,350 All of the above amounts relate to the business portion of the Red & Breakfast: the personal portion is accounted for senarately. The Rock GlenAll of the above amounts relate to the business portion of the Bed 5t Breakfast; the personal portion is accounted for separately. The Rock Glen House 33.3 uses the cash method of accounting and has no inventory. The employer tax ID number is 951234561 3. The Clifdens made estimated federal income tax payments of$2,000 and estimated state income tax payments of$6,000 {all made during 2018). 4. Lulu worked about 1,000 hours as a substitute schoolteacher with the local school district. She also spent $2?6 out-ofpocket for various supplies for her classroom. Lulu's Form W2 from the school district is located on a separate tab. 5. Gregory is retired from the U.S. Navy. His annual statement from the Navy, Form 1099R. 6. Gregory and Lulu paid (and can substantiate] the following amounts during the year: Mastercard interest $1y480 Dental expenses [orthodontics for Gary) 4:600 California state income tax (for 201?) 2,450 Charitable contributions 3,8?5 Deductible interest on home (personal portion) 3",631 Real estate taxes (personal portion) 2,330 Life insurance premiums B45 Automobile registration fees (deductible portion) 45 Tax return preparaon fee 4?5 Contributions to Donald Trump's election campaign 1,000 r..._:__ LL. ..___ n ________ J I _.|.. ____!.._J LL- c_u_._.:__ _.__|:r_.:__ J!__!J___l_ __J :_;_____-.. During the year, Gregorianr and Lulu received the following qualifying dividends and interest: Interest: Bob's Big Bank $3?5 Bank of Ireland 220 City of Temecula Tax Exempt Bonds 1,490 Vintage Bank See 1099-INT Qualied dividends: Southwest Airlines $250 Heinz Foods 550 ?. Also, |_u|u owns Series EE U.S. savings bonds. During the year, the bond redemption value increased by $1,300. Lulu has not elected the accrual method for these bonds. There were no Irish taxes paid on the interest from the Bank of Ireland. All the above stocks, bonds, and bank accounts are community property. 8. Lulu has a stock portfolio. During the year she sold stock, for which she received 1099-3 Forms, as follows {basis was provided to the IRS in all cases]: Orange Co. Gold Co. Green Co. Sal-55 price $8,100 See Form $1,450 Basis 3.800 10993 2,5?5 Date acquired 02,111,118 lf31j13 Date acquired szllfl 103'31f13 Date sold 061'191'18 10f231'18 9. Lulu paid her exhusband $4,800 alimony in the current year, as required under the 2014 divorce decree. Her exhusband's name is Hector Leach and his Social Security number is 566-2335431. 10. Gregory does all the signicant I.vork in the Bed 8:. Breakfast and therefore he pays selfemployment tax on 100 percent of the earnings from the BSLB. 11. During the year, Gregory's uncle Martin died. Martin had a $50,000 life insurance policy that named Gregory as the beneciary. Gregory received the check for the benets payable under the policy on November 30 of the current year. Martin also left Gregory a small nonoperating farm with an appraised value of$120,000. 12. Gregory is a general partner in a partnership that owns a boutique hotel in northern California and leases the property to a hotel management company. Gregory does not materially participate in the partnership activity but the partnership acb'vity does rise to the level of a trade or business. See Schedule Kl from the partnership. 13. Lulu was not eligible for health care benets due to the parttime nature of her job thus health insurance for the Clifden household was purchased by Gregory. The Clifdens are not eligible for an exemption from coverage. The Clifdens purchased health insurance through the Covered California program and received the Form 10954.. They had no other health insurance during 2018. Assume that the self-employed health insurance deduction is $1,540. The Clifdens did not claim an advance premium credit. Click here to access the completed Form 1095-A to use when completing Form 8962. Required: Gregory and Lulu have come to you to prepare their 2013 federal income tax return. You are not required to complete the state income tax return. Gregory and Lulu have given you several IRS forms {see 1099-3 and 1099-INT] assumptions. Do not le a federal Fon'n 4952. PAYER'S name, street address, city or town, state or 1 Gross distribution OMB No. 1545- Distributions From province, country, ZIP or foreign postal code, and phone no. $ 14,500.00 0119 Pensions, Annuities, Retirement or Profit- United States Navy 2a Taxable amount 2018 Sharing Plans, IRAs, Insurance Contracts, Retired Benefits Center $ 14,500.00 etc. Cleveland, OH 43267 Form 1099-R 2b Taxable amount Total Copy B not determined O distribution Report this PAYER'S TIN RECIPIENT'S TIN 3 Capital gain (included in 4 Federal income tax income on box 2a) withheld your federal 11-4662891 543-88-9765 $ $ 1,500.00 tax return. If this form RECIPIENT'S name 5 Employee 6 Net unrealized shows federal contributions/Designated appreciation in income tax Gregory R. Clifden Roth contributions or employer's securities withheld in insurance premiums box 4, attach Street address (including apt. no.) this copy to 33333 Fume Blanc Way $ $ your return. City or town, state or province, country, and ZIP or 7 Distribution IRA/SEP/ 8 Other foreign postal code code(s) SIMPLE This Temecula, CA 92591 information is O S being furnished to 9a Your percentage of total 9b Total employee the IRS. distribution % $ contributions 10 Amount 11 1st year of FATCA filing 12 State tax withheld 13 State Payer's state no. 14 State allocable to IRR desig. Roth requirement distribution within 5 years contrib $ 350.00 CA $ 14,500.00 0 $ $PAYER'S name, street address, city or town, Payer's RTN (optional) OMB No. 1545-0112 state or province, country, ZIP or foreign postal code, and telephone no. 1 Interest Income 2018 Interest Income Vintage Bank $ 1,400.00 6792 Main Street Form 1099-INT Temecula, CA 92591 2 Early withdrawal penalty Copy B $ PAYER'S TIN RECIPIENT'S TIN 3 Interest on U.S. Savings Bonds and Treas. obligations For Recipient 96-8724390 543-88-9756 $ RECIPIENT'S name Federal income tax withheld 5 Investment expenses This is important Gregory R. Clifden $ tax information and is being 6 Foreign tax paid 7 Foreign country or U.S. furnished to the Street address (including apt. no.) possession IRS. If you are 33333 Fume Blanc Way required to file a City or town, state or province, country, and ZIP 8 Tax-exempt interest 9 Specified private activity return, a bond interest negligence or foreign postal code penalty or other Temecula, CA 92591 $ $ sanction may be 10 Market discount 11 Bond premium imposed on you if $ $ this income is taxable and the FATCA filing |12 Bond premium on Treasury 13 Bond premium on tax- IRS determines requirement obligations exempt bond that it has not $ $ been reported Account number (see instructions) 14 Tax-exempt and tax credit bond 15 State 16 State 17 State tax CUSIP no. identification withheld noPAYER'S name, street address, city or town, state or Applicable check box on OMB No. 1545-0715 Proceeds From province, country, ZIP or foreign postal code, and telephone Form 8949 no 2018 Broker and Barter Exchange A Form 1099-B Transaction la Description of property (Example: 100 sh. XYZ Co.) Morgan Stanley Gold Company common stock 1b Date acquired 1c Date sold or 269 Wall Street disposed 03/27/2018 New York, NY 10001 09/18/2018 PAYER'S TIN RECIPIENT'S TIN 1d Proceeds le Cost or other basis 11-4396782 256-43-8819 $ 12,100.00 $ 14.200.00 If Accrued market discount 1g Wash sale loss disallowed S $ Copy E RECIPIENT'S name 3 If checked, basis For Recipient Lulu B. Clifden Short-term gain or reported to IRS loss Long-term gain or loss This is important tax information and i Ordinary being furnished to the Street address (including apt. no.) 4 Federal income tax 5 If checked, IRS. If you ar 33333 Fume Blanc Way withheld noncovered security required to file $ return, a negligence penalty or other City or town, state or province, country, and ZIP or foreign |6 Reported to IRS: 7If checked, loss sanction may b postal code Gross proceeds is not allowed imposed on you if this based on amount income is taxable and Temecula, CA 92591 Net proceeds in 1d the IRS determines that it has not beer reportedSchedule K-1 2018 Part III Partner's Share of Current Year Income, Form 1065) Deductions, Credits, and Other Items Department of the Treasury nternal Revenue Service For calendar year 2018, or tax year 1 Ordinary business 15 Credits income (loss) beginning / 2018 ending 1 1 Partner's Share of Income, Deductions, 2 Net rental real estate Credits, etc. See back of form and separate instructions. income (loss) 1,578 Part I Information About the Partnership 3 Other net rental 16 Foreign transactions A Partnership's employer identification number income (loss) 11-2343212 4 Guaranteed payments B Partnership's name, address, city, state, and ZIP code Wine Acres Partners 581 Coombs Street 5 Interest income Napa, CA 94559 6a Ordinary dividends C IRS Center where partnership filed return Ogden, UT 6b Qualified dividends D O Check if this is a publicly traded partnership (PTP) 6c Dividend equivalents Part II Information About the Partner 7 Royalties E Partner's identifying number 543-88-9756 Net short-term capital 17 Alternative minimum tax gain (AMT) items F Partner's name, address, city, state, and ZIP code (loss) Gregory R. Clifden 33333 Fume Blanc Way 9a Net long-term capital Temecula, CA 92591 gain (loss)F Partner's name, address, city, state, and ZIP code Gregory R. Clifden 33333 Fume Blanc Way 9a Net long-term capital Temecula, CA 92591 gain (loss) G & General partner or LLC Limited partner or other (900) member-manager LLC member 9b Collectibles (28%) gain (loss) H Domestic partner Foreign partner 9c Unrecaptured section 18 Tax-exempt income and Il What type of entity is this partner? Individual 1250 nondeductible expenses gain 12 If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check 10 Net section 1231 gain here O (loss) J Partner's share of profit, loss, and capital (see instructions): 11 Other income (loss) Beginning Ending Profit 2% 2% Loss 2 % 2 % 12 Section 179 deduction 19 Distributions Capital 2 % 2 % A 40 13 Other deductions K Partner's share of liabilities: 20 Other information Beginning Ending Nonrecourse S 4,679 $ 4.679 14 Self-employment earnings Qualified nonrecourse financing S (loss) A 1,578 Recourse S $ L Partner's capital account analysis: *See attached statement for additional information.Profit 2 % 2 % Loss 2 % 2 % Capital 2 % 12 Section 179 deduction 19 Distributions 2 % A 400 13 Other deductions K Partner's share of liabilities: 20 Other information Beginning Ending Nonrecourse S 4,679 5 4.679 14 Self-employment earnings Qualified nonrecourse (loss) financing S A 1,578 Recourse S S Partner's capital account analysis: *See attached statement for additional information. Beginning capital account. 13.256 Capital contributed during the year 0 Current year increase (decrease) . .. 678 Withdrawals & distributions . ..... (400) Ending capital account . . . . . 13,534 Tax basis O GAAP O Section 704(b) book Other (explain) M Did the partner contribute property with a built-in gain or loss? Yes No If "Yes," attach statement (see instructions)province, country, ZIP or foreign postal code, and telephone Form 8949 2018 Broker and Bart no Exchang A Form 1099-B Transaction la Description of property (Example: 100 sh. XYZ Co.) Morgan Stanley Gold Company common stock 1b Date acquired 1c Date sold or 269 Wall Street disposed 03/27/2018 New York, NY 10001 09/18/2018 PAYER'S TIN RECIPIENT'S TIN 1d Proceeds le Cost or other basis 11-4396782 256-43-8819 $ 12,100.00 $ 14,200.00 If Accrued market discount 1g Wash sale loss disallowed $ $ Copy RECIPIENT'S name 3 If checked, basis For Recipier reported to IRS Lulu B. Clifden Short-term gain or loss K Long-term gain or loss This is important ta information and Ordinary being furnished to th Street address (including apt. no.) 5 If checked, IRS. If you a Federal income tax 33333 Fume Blanc Way withheld noncovered security required to file return, a negligence $ penalty or oth City or town, state or province, country, and ZIP or foreign 6 Reported to IRS: 7 If checked, loss sanction may postal code Gross proceeds is not allowed imposed on you if th based on amount income is taxable an Temecula, CA 92591 Net proceeds in 1d the IRS determine 0 that it has not be reporte Account number (see instructions) 8 Profit or (loss) realized in 2018 9 Unrealized profit or