Question
Maribel Gomez is a single taxpayer, SSN 412-34-5670, living at 5037 Circle Court, Crestview, IL 60543. Maribel is a supervisor and whose 2022 W-2 shows
Maribel Gomez is a single taxpayer, SSN 412-34-5670, living at 5037 Circle Court, Crestview, IL 60543. Maribel is a supervisor and whose 2022 W-2 shows gross wages of $94,850 with $5,881 of social security and $1,375 of Medicare taxes withheld. Maribel has $14,500 of federal withholding and $2,595 in state withholding, does not itemize and had the following stock transactions for the year:
Stock Shares | Date Purchased | Date Sold | Sale Price | Cost Basis |
---|---|---|---|---|
5,500 | 7/8/2021 | 9/12/2022 | $ 15,000 | $ 18,000 |
800 | 3/12/2022 | 10/21/2022 | 43,000 | 47,000 |
2,800 | 2/13/2015 | 10/21/2022 | 30,000 | 22,000 |
Maribel also has interest from a savings account with Local Neighborhood Bank of $210 and a dividend from a Form 1099-DIV of $1,732 in ordinary dividends received from ABC brokerage, of which $1,350 are considered qualified dividends.
Required:
Prepare a 2022 Form 1040 for Maribel and all related schedules and forms. Assume that each box 3 of the 1099-Bs was not checked for all sales transactions. Maribel had qualifying health care coverage at all times during the tax year. Use the appropriate Tax Tables and Tax Rate Schedules. Sched B and D needed
Note: Instructions can be found on certain cells within the forms. Input all the values as positive numbers. Round your final answers to nearest whole dollar.
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