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Ivan and Irene have the following investment income, in addition to that reported in chapter 1: Dividends (qualified) on Big Bank Stock $850 Dividends (qualified)
Ivan and Irene have the following investment income, in addition to that reported in chapter 1: Dividends (qualified) on Big Bank Stock $850 Dividends (qualified) on Big Gas Company Stock $470 Dividends (nonqualified) from Mango Mutual Funds $145 Interest on Washington State Munincipal Bonds $650 Interest on Big Electric Company Bonds $650 Ivan went to a local Indian casino and won $6,000 playing Keno. Ivan had no other gambling income or loss for the year. In February, Irene received $50,000 in life insurance proceeds from the death of her friend Sharon. In July, Ivan's uncle Igor died and left him real estate (undeveloped land) worth $72,000. Five years ago, Ivan and Irene were divorced. Ivan married Mary Molar, but that marriage did not work out and they were divorced a year later. Under their divorce decree, Ivan pays Mary $13,000 per year alimony. All payments were made on time during 2012. 3 years ago, Ivan and Irene were remarried. *I know the final number for a return after all of this information should be $926, but I cannot get that number, I get $1,489
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