Question
John Fuji (birthdate June 6, 1979) moved from California to Washington in December 2015. He lives at 468 Cameo Street, Yakima, WA 98901. John's Social
John Fuji (birthdate June 6, 1979) moved from California to Washington in December 2015. He lives at 468 Cameo Street, Yakima, WA 98901. John's Social Security number is 571-78-5974 and he is single. His earnings and income tax withholding for 2016 for his job as a manager at a Washington apple-processing plant are:
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John's other income includes interest on a Certificate of Deposit at Braeburn National Bank of $1,297. Also, he paid $615 per month alimony to his ex-wife (Dora Fuji, Social Security number 573-79-6075).
During 2016, John paid the following amounts (all of which can be substantiated):
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In July 2016, someone broke into John's house and stole a coin collection. The collection had a fair market value of $11,400 and a tax basis to John of $4,660. The collection was uninsured.
Click here to access the tax table to use for this problem.
Required:
Complete John's federal tax return for 2016. Use Form 1040, Schedule A, Schedule B, and Form 4684, to complete this tax return. Make realistic assumptions about any missing data.
Enter all amounts as positive numbers. If an amount box does not require an entry or the answer is zero, enter "0". If required round your answers to the nearest dollar.
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