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Kia Lopez (SSN 412-34-5670) resides at 101 Poker Street, Apt. 12A, Hickory, FL 34714. Her W-2 shows the following: Wages $ 56,500 Federal withholding 6,100

Kia Lopez (SSN 412-34-5670) resides at 101 Poker Street, Apt. 12A, Hickory, FL 34714. Her W-2 shows the following:

Wages $ 56,500
Federal withholding 6,100
Social security wages 56,500
Social security withholding 3,503
Medicare withholding 819
State withholding -0-

In 2017, Kia contributed cash of $7,000 to Apartment Rentals Limited Partnership (ARLP) in return for a 13% limited partnership interest. She is an active participant. Kias shares of ARLP income and losses for the year per her K-1 were as follows:

Interest $ 35
Dividends (qualified) 290
Capital gains (long-term) 700
Rental loss (8,300 )

ARLP had no liabilities. Kia does not itemize and has no other investments or passive activities.

Prepare Form 1040 for Kia Lopez for 2017. The taxpayer had qualifying health care coverage at all times during the tax year. You will need Form 1040, Schedule E (page 2), Form 6198, and Form 8582. (Input all the values as positive numbers. However losses should be indicated by a minus sign. Instructions can be found on certain cells within the forms. Round your intermediate computations and final answers to the nearest whole dollar amount.)

Use the appropriate Tax Tables and Tax Rate Schedules.

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