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I need to complete the 1040 tax form, as well as schedule B and E(I know the question says D, but I need E) for

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I need to complete the 1040 tax form, as well as schedule B and E(I know the question says D, but I need E) for phase 1

INTRODUCTION The information below will allow you to prepare the 2015 federal tax return for Bill and Joyce Schnappauf. The information is provided in three phases, which correspond to the three major components of computing income tax-gross income, deductions and losses, and property transactions. If your instructor assigns these problems, at the end o each major segment (i.e., Chapter 4, Chapter 8, and Chapter 12), you should complete the appropriate portions of the forms indicated. If you are not using a tax software pack age, you should not complete the second page of Form 1040 until you have completed Chapter 12 Completing the tax return problem will help you understand the reporting proce dures for the information in each major segment of the text. In addition, it will aid you in reviewing the major topics discussed in the book; it serves as an overview of the course THE SCHNAPPAUF FAMILY In 2015, Bill and Joyce Schnappauf live in Wakefield, R.I. Bill is 53, and Joyce is 51. Bill is a district sales manager for USC Equipment Corporation, a Rhode Island firm that manufactures and distributes gaming equipment. Joyce is a self-employed author o children's books. The Schnappaufs have three children, Will, 21, Dan, 19, and Tom, 16 In February 2016, the Schnappaufs provide the following basic information for prepar ing their 2015 federal income tax return: l. The Schnappaufs use the cash method of accounting and file their return on a calendar-year basis. 2. Unless otherwise stated, assume that the Schnappaufs want to minimize the cur rent year's tax ability. That is, they would like to defer income when possible and take the largest deductions possible, a practice they have followed in the past 3. Joyce's Social Security number is 371-42-5207 4. Bill's Social Security number is 150-52-0546 s Social Security number is 372-46-2611 5. W 6. Dan's Social Security number is 377-42-3411 7. Tom's Social Security number is 375-49-6511 8. The Schnappaufs do not have any foreign bank accounts or foreign trusts 9. Their address is 27 Northup Street, Wakefield, RI. 02879) 10. The Schnappaufs do not wish to contribute to the presidential election campaign

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