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Need Schedule D only 155,000 7,960.80 2,248 32,950 Wages Social security withholding Medicare withholding Federal income tax withheld State income tax withheld New Bank 1099-INT
Need Schedule D only
155,000 7,960.80 2,248 32,950 Wages Social security withholding Medicare withholding Federal income tax withheld State income tax withheld New Bank 1099-INT 5,500 3,875 Hope Bank 1099-INT Debra had the following stock transactions during 2018. A 1099-B was recelved for the proceeds of each sale Transaction 300 sh. IBM 200 sh. SMI Purchased Sold Proceeds Cost Sale Expenses 01/05/11 5/11/18 $ 16,500 $14,100 01/05/11 5/15/18 41,000 41,800 03/05/17 4/12/18 10,500 11,400 07/05/18 9/15/18 16,500 14,100 05/12/18 10/11/18 45,000 51,000 01/05/11 5/11/18 $ 875 2,050 100 sh. BMI 525 300 sh. ABC 300 sh. DDC 825 2,250 250 300 sh. PPC 5,000 4,000 sh. LLPInherited 12/11/18 436,000 1,500 sh. QQM Inherited 5/11/18 41,325 2,800 21,800 2,066 Debra inherited the LLP stock and the QQM stock when her father passed away on May 1, 2018. Debra's father purchased the LLP stock in 1967 for $35,000. The FMV of the LLP stock at the date of death was $415,500. The QQM stock was purchased by Debra's father on February 6, 2017, for $49,000. The FMV of the Q0M stock at the date of death was $49,600 Debra also sold her wine collection for $38,000. She had purchased the wine on January 5, 2013, for a total of $19,000 Debra has a capital loss carryover from 2017 of $11,700: $3,000 short-term and $8,700 long-term Debra rents a condo (no mortgage interest) and lives in Florida (no state income tax). Thus she claims the standard deduction Complete the 2018 tax return for Debra Simon. You do not need to complete the loss carryover worksheet but do need to enter the carryover amount in the appropriate place on Schedule D. She wants to contribute to the presidential election campaign and does not want anyone to be a third-party designee. Debra had qualifying health care coverage at all times during the tax year. For any 155,000 7,960.80 2,248 32,950 Wages Social security withholding Medicare withholding Federal income tax withheld State income tax withheld New Bank 1099-INT 5,500 3,875 Hope Bank 1099-INT Debra had the following stock transactions during 2018. A 1099-B was recelved for the proceeds of each sale Transaction 300 sh. IBM 200 sh. SMI Purchased Sold Proceeds Cost Sale Expenses 01/05/11 5/11/18 $ 16,500 $14,100 01/05/11 5/15/18 41,000 41,800 03/05/17 4/12/18 10,500 11,400 07/05/18 9/15/18 16,500 14,100 05/12/18 10/11/18 45,000 51,000 01/05/11 5/11/18 $ 875 2,050 100 sh. BMI 525 300 sh. ABC 300 sh. DDC 825 2,250 250 300 sh. PPC 5,000 4,000 sh. LLPInherited 12/11/18 436,000 1,500 sh. QQM Inherited 5/11/18 41,325 2,800 21,800 2,066 Debra inherited the LLP stock and the QQM stock when her father passed away on May 1, 2018. Debra's father purchased the LLP stock in 1967 for $35,000. The FMV of the LLP stock at the date of death was $415,500. The QQM stock was purchased by Debra's father on February 6, 2017, for $49,000. The FMV of the Q0M stock at the date of death was $49,600 Debra also sold her wine collection for $38,000. She had purchased the wine on January 5, 2013, for a total of $19,000 Debra has a capital loss carryover from 2017 of $11,700: $3,000 short-term and $8,700 long-term Debra rents a condo (no mortgage interest) and lives in Florida (no state income tax). Thus she claims the standard deduction Complete the 2018 tax return for Debra Simon. You do not need to complete the loss carryover worksheet but do need to enter the carryover amount in the appropriate place on Schedule D. She wants to contribute to the presidential election campaign and does not want anyone to be a third-party designee. Debra had qualifying health care coverage at all times during the tax year. For anyStep by Step Solution
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