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John Fuji ( birthdate June 6 , 1 9 8 3 ) received Form W - 2 from his employer related to his job as
John Fuji birthdate June received Form W from his employer related to his job as a manager at a Washington appleprocessing plant see separate tab
John has income reported to him on a DIV from his investment in mutual funds see separate tab
Also, in accordance with the January divorce decree John receives $ per month alimony from his exwife Dora Fuji, Social Security number in
On December John sold his primary residence after living there since October John received the Form S from the sale see separate tab John paid selling expenses of $ His basis in the home was $ John paid the property taxes on the home for the second half of of $ The closing statement for the sale indicated that the buyer needed to reimburse John for property taxes of $ which were reflected as an increase in John\'s gross proceeds.
The entire years property taxes are reflected on Johns see separate tab
John tried his hand at day trading for one week in February He received a substitute Form B from his broker. Because the IRS was provided the acquisition date and basis for all trades and none required any adjustments or codes, these can be entered as a summary entry into Schedule D and no Form needs to be prepared.
During John paid the following amounts all of which can be substantiated:
Auto loan interest
Credit card interest
State sales tax actual exceeds estimated
Doctor bills
Other deductible medical expenses
Income tax preparation fee
Jobhunting expenses
Cash charitable donation to the Jonagold Research Center
Federal estimated tax payment
Johns employer offers a retirement plan, but John does not participate. Instead, he made a $ contribution to a Roth IRA.
John owns a condo in Seattle that he lived in years ago and now rents. His rental condo is located at E Terrace Street Unit Seattle, WA and was rented all year to his tenant. The tenant occupied the home on January and pays rent of $ per month for each month of a month lease John demanded first and last month rent and a security deposit of $ and all were paid January Upon the tenants departure on December John noted damages and is going to retain $ of the security deposit. Johns rental expenses for the year are:
Mortgage interest $
Real estate taxes
Insurance
Depreciation fully depreciated
Repairs
Homeowners association fees
John actively manages the rental home. He probably spends about seven hours per month on the rental.
Required:
Complete John\'s federal tax return for Use Form Schedule Schedule A Schedule B Schedule D Schedule E Form Form and the Qualified Dividends and Capital Gains Tax Worksheet as needed to complete this tax return.
Make realistic assumptions about any missing data.
John has health coverage for the entire year, required round any dollar amount to the neare and he does not want to make a contribution to the presidential election campaign.
Enter all amounts as positive numbers.
If an amount box does not require an entry or the answer is zero, enter
If required, round any dollar amount to the nearest dollar.
Question Content Area
His earnings and income tax withholding for for his job as a manager at a Washington appleprocessing plant are:
a Employee\'s social security number
OMB No Safe, accurate,
FAST! Use IRS e ~ file Visit the IRS website at
wwwirs.govefile
b Employer identification number EIN
Wages, tips, other compensation
Federal income tax withheld
c Employer\'s name, address, and ZIP code
Granny Smith Apple Company
Ahtanum Road
Yakima, WA Social security wages
Social security tax withheld
Medicare wages and tips
Medicare tax withheld
Social security tips
Allocated tips
d Control number
Dependent care benefits
e Employee\'s first name and initial
Last name
Suff. Nonqualified plans a See instructions for box
C
o
d
e
John Fuji
Bonnie Doon Avenue
Yakima, WA
Statutory employee Retirement plan Thirdparty sick pay
b
C
o
d
e
Other c
C
o
d
e
d
C
o
d
e
f Employee\'s address and ZIP code
State Employer\'s state ID number State wages, tips, etc. State income tax Local wages, tips, etc. Local income tax Locality name
WA
Form W Wage and Tax Statement Department of the TreasuryInternal Revenue Service
Copy BTo Be Filed With Employee\'s FEDERAL Tax Return.
This information is being furnished to the Internal Revenue Service.
Question Content Area
John\'s other i
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