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I only need the, Schedule D, Schedule SE, Form 4797 and Form 8863 for the 2012 Federal income tax return for the problem attached. Thanks.

I only need the, Schedule D, Schedule SE, Form 4797 and Form 8863 for the 2012 Federal income tax return for the problem attached. Thanks.image text in transcribed

Form 1040, Schedule A, Schedule B, Schedule C, Schedule D, Schedule E, Schedule SE, Form 2106- EZ, Form 4562 (for the dental practice), Form 4562 (for the rental property), Form 4797, and Form 8863 This is for the 2012 federal income tax return. Paul J. and Judy L. Vance are married and file a joint return. Paul is self-employed as a dentist, and Judy is a college professor. Paul and Judy have three children. The oldest is Vince who lives at home. Vince is a law student at the University of Cincinnati and worked part-time during the year, earning $1,500, which he spent for his own support. Paul and Judy provided $6,000 toward Vince's support (including $4,000 for Vince's fall tuition). They also provided over half the support of their daughter, Joan, who is a full-time student at Edgecliff College in Cincinnati. Joan worked part-time as an independent contractor during the year, earning $3,200. Joan lived at home until she was married in December 2012. She filed a joint return with her husband, Patrick, who earned $20,000 during the year. Jennifer is the youngest and lived in the Vances' home for the entire year. The Vances provide you with the following additional information: Paul and Judy would like to take advantage on their return of any educational expenses paid for their children. The Vances do not want to contribute to the presidential election campaign. The Vances live at 621 Franklin Avenue, Cincinnati, OH 45211. Paul's birthday is 3/5/1957 and his Social Security number is 333-45-6666. Judy's birthday is 4/24/1960 and her Social Security number is 566-77-8888. Vince's birthday is 11/6/1989 and his Social Security number is 576-18-7928. Joan's birthday is 2/1/1993 and her Social Security number is 575-92-4321. Jennifer's birthday is 12/12/2000 and her Social Security number is 613-97-8465. The Vances do not have any foreign bank accounts or trusts. Judy is a lecturer at Xavier University in Cincinnati, where she earned $30,000. The university withheld federal income tax of $3,375, state income tax of $900, Cincinnati city income tax of $375, $1,260 of Social Security tax and $435 of Medicare tax. She also worked part of the year for Delta Airlines. Delta paid her $10,000 in salary, and withheld federal income tax of $1,125, state income tax of $300, Cincinnati city income tax of $125, Social Security tax of $420, and Medicare tax of $145. The Vances received $800 of interest from State Savings Bank on a joint account. They received interest of $1,000 on City of Cincinnati bonds they bought in January with the proceeds of a loan from Third National Bank of Cincinnati. They paid interest of $1,100 on the loan. Paul received a dividend of $540 on General Bicycle Corporation stock he owns. Judy received a dividend of $390 on Acme Clothing Corporation stock she owns. Paul and Judy received a dividend of $865 on jointly owned stock in Maple Company. All of the dividends received in 2012 are qualified dividends. Paul practices under the name \"Paul J. Vance, DDS.\" His business is located at 645 West Avenue, Cincinnati, OH 45211, and his employer identification number is 01-2222222. Paul's gross receipts during the year were $111,000. Paul uses the cash method of accounting for his business. Paul's business expenses are as follows: Advertising $???1,200 Professional dues 490 Professional journals 360 Contributions to employee benefit plans 2,000 Malpractice insurance3,200 Fine for overbilling State of Ohio for work performed on welfare patient 5,000 Insurance on office contents 720 Interest on money borrowed to refurbish office 600 Accounting services 2,100 Miscellaneous office expense388 Office rent 12,000 Dental supplies 7,672 Utilities and telephone 3,360 Wages 30,000 Payroll taxes 2,400 In June, Paul decided to refurbish his office. This project was completed and the assets placed in service on July 1. Paul's expenditures included $8,000 for new office furniture, $6,000 for new dental equipment (seven-year recovery period), and $2,000 for a new computer. Paul elected to compute his cost recovery allowance using MACRS. He did not elect to use 179 immediate expensing, and he chose to not claim any bonus depreciation. Page C-9 Judy's mother, Sarah, died on July 2, 2007, leaving Judy her entire estate. Included in the estate was Sarah's residence (325 Oak Street, Cincinnati, OH 45211). Sarah's basis in the residence was $30,000. The fair market value of the residence on July 2, 2007, was $155,000. The property was distributed to Judy on January 1, 2008. The Vances have held the property as rental property and have managed it themselves. From 2008 until June 30, 2012, they rented the house to the same tenant. The tenant was transferred to a branch office in California and moved out at the end of June. Since they did not want to bother finding a new tenant, Paul and Judy sold the house on June 30, 2012. They received $140,000 for the house and land ($15,000 for the land and $125,000 for the house), less a 6 percent commission charged by the broker. They had depreciated the house using the MACRS rules and conventions applicable to residential real estate. To compute depreciation on the house, the Vances had allocated $15,000 of the property's basis to the land on which the house is located. The Vances collected rent of $1,000 a month during the six months the house was occupied during the year. They incurred the following related expenses during this period: Property insurance $500 Property taxes800 Maintenance 465 Depreciation (to be computed) ? The Vances sold 200 shares of Capp Corporation stock on September 3, 2012, for $42 a share (minus a $50 commission). The Vances received the stock from Paul's father on June 25, 1980, as a wedding present. Paul's father originally purchased the stock for $10 per share in 1967. The stock was valued at $14.50 per share on the date of the gift. No gift tax was paid on the gift. Page C-10 Judy is required by Xavier University to visit several high schools in the Cincinnati area to evaluate Xavier University students who are doing their practice teaching. However, she is not reimbursed for the expenses she incurs in doing this. During the spring semester (January through April 2012), she drove her personal automobile 6,800 miles in fulfilling this obligation. Judy drove an additional 6,700 personal miles during 2012. She has been using the car since June 30, 2011. Judy uses the standard mileage method to calculate her car expenses. Paul and Judy have given you a file containing the following receipts for expenditures during the year: Prescription medicine and drugs (net of insurance reimbursement) $376 Doctor and hospital bills (net of insurance reimbursement) 2,468 Penalty for underpayment of last year's state income tax Real estate taxes on personal residence 4,762 15 Interest on home mortgage (paid to Home State Savings & Loan) 8,250 Interest on credit cards (consumer purchases) Cash contribution to St. Matthew's church 595 3,080 Payroll deductions for Judy's contributions to the United Way Professional dues (Judy) 150 325 Professional subscriptions (Judy) 245 Fee for preparation of 2011 tax return paid April 12, 2012 500 The Vances filed their 2011 federal, state, and local returns on April 12, 2012. They paid the following additional 2011 taxes with their returns: federal income taxes of $630, state income taxes of $250, and city income taxes of $75. The Vances made timely estimated federal income tax payments of $1,500 each quarter during 2012. They also made estimated state income tax payments of $300 each quarter and estimated city income tax payments of $160 each quarter. The Vances made all fourth-quarter payments on December 31, 2012. They would like to receive a refund for any overpayments

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