Mc 2 1 0103.56 eBook Matthew Flaws is a single taxpayer and lives at 5670 Sierra...

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Mc 2 1 0103.56 eBook Matthew Flaws is a single taxpayer and lives at 5670 Sierra Drive, Honolulu, HI 96822. He has income from a job as a marketing representative, Interest income, dividend income, and stock investments Some of his investments are in a mutual fund. His social security number is 412-34-5670. For the tax year 2018, Matthew had the following income information Hages Social security tax withholding Medicare tax withholding Federal income tax withholding State income tax withholding $118,000 7,316 1,711 17,350 Matthew had the following investment income: Foundation Bank 1099-INT Great Return Mutual Fund 1099-INT Great Return Mutual Fund 1099-DIV Great Return Mutual Fund 1099-DIV COO 3,600 $1,763 500 700 (ordinary dividends se qualified) 3,632 (capital gain distribution) Matthew had the following investment sales: . A 1099-8 from Great Return Mutual Fund for the sale of 100 shares of the fund. Matthew had purchased 50 shares on September 21, 2017. for $650, 50 shares on October 1, 2017, for $500, and 50 shares on November 30, 2017, for $800. He sold 100 shares on June 13, 2018, for $700. Matthew uses the average cost method to calculate the cost basis of his fund shares A 1099-8 from XYZ Brokerage Company for $5,500 gross proceeds from the October 21, 2018, sale of 50 shares of Liquid Rhino Marketing. The shares were originally purchased on October 22, 2017, for $2,500. A 1099-B from ABC Brokerage Company for $2,000 gross proceeds from the November 2, 2018, sale of 60 shares of Crestwood Company. Matthew originally inherited the shares from his grandfather on February 18, 2018. The shares had an FMV of $2.500 on his grandfather's date of death. His grandfather originally purchased the shares for $400 in 1990, Other information: Matthew had a capital loss carryover from 2017: $1,990 short-term. Matthew had the following itemized deductions Medical insurance premiums $5,000 Real estate taxes 6,210) Home mortgage interest (Form 1098) 21.683 Cash charitable contributions 2.000 Tax preparation fee 200 Next Mc 2 1 0103.56 eBook Matthew Flaws is a single taxpayer and lives at 5670 Sierra Drive, Honolulu, HI 96822. He has income from a job as a marketing representative, Interest income, dividend income, and stock investments Some of his investments are in a mutual fund. His social security number is 412-34-5670. For the tax year 2018, Matthew had the following income information Hages Social security tax withholding Medicare tax withholding Federal income tax withholding State income tax withholding $118,000 7,316 1,711 17,350 Matthew had the following investment income: Foundation Bank 1099-INT Great Return Mutual Fund 1099-INT Great Return Mutual Fund 1099-DIV Great Return Mutual Fund 1099-DIV COO 3,600 $1,763 500 700 (ordinary dividends se qualified) 3,632 (capital gain distribution) Matthew had the following investment sales: . A 1099-8 from Great Return Mutual Fund for the sale of 100 shares of the fund. Matthew had purchased 50 shares on September 21, 2017. for $650, 50 shares on October 1, 2017, for $500, and 50 shares on November 30, 2017, for $800. He sold 100 shares on June 13, 2018, for $700. Matthew uses the average cost method to calculate the cost basis of his fund shares A 1099-8 from XYZ Brokerage Company for $5,500 gross proceeds from the October 21, 2018, sale of 50 shares of Liquid Rhino Marketing. The shares were originally purchased on October 22, 2017, for $2,500. A 1099-B from ABC Brokerage Company for $2,000 gross proceeds from the November 2, 2018, sale of 60 shares of Crestwood Company. Matthew originally inherited the shares from his grandfather on February 18, 2018. The shares had an FMV of $2.500 on his grandfather's date of death. His grandfather originally purchased the shares for $400 in 1990, Other information: Matthew had a capital loss carryover from 2017: $1,990 short-term. Matthew had the following itemized deductions Medical insurance premiums $5,000 Real estate taxes 6,210) Home mortgage interest (Form 1098) 21.683 Cash charitable contributions 2.000 Tax preparation fee 200 Next