Individual taxpayer information

Individual tax forms required:

• Form 1040
• Schedule 1
• Schedule 5
• Schedule A
• Schedule B
• Schedule D
• Schedule E
• Form 8949
• Form 4797 (see item 4.i. below)

1. Herman Hieberts social security number is 456-12-3789. He is married but does not have any dependents. His wifes name is Rebecca, and her social security number is 123-45-6789. They live at 1345 E. 44^th Street, Phoenix, AZ 85017

2. Additional information to complete the tax returns:
   1. Rebecca works at Intel Corporation and earned $160,000 during the tax year.
   2. Her federal tax withholding was $30,000 and Arizona income taxes withheld were $8,000. Herman made federal estimated tax payments of $15,000 and Arizona estimated payments of $1,500
   3. Mortgage interest on their personal residence was $15,200, and property taxes were $5,150.
   4. Additional charitable contributions of $10,500 were paid during the year.
   5. On July 10, 2018, they sold 1,000 shares of Intel Corporation stock for $70 per share. They purchased the stock on May 1, 2012 for $56 per share.
   6. The taxpayers have a long-term capital loss carry forward of $5,000.
   7. Assume AMT does not apply.
   8. Apply any refund to estimated tax payments for the next year.
   9. Instead of preparing Form 4797 (because it was already prepared for the s-corporation), input any gain/loss from the Section 1231 asset on Form 1040, Schedule 1, line 14.