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Phillip and Claire are married and file a joint return. Phillip is self-employed as a real estate agent, and Claire is a flight attendant. Phillip

Phillip and Claire are married and file a joint return. Phillip is self-employed as a real estate agent, and Claire is a flight attendant. Phillip and Claire have three dependent children. All three children live at home with Phillip and Claire for the entire year. The Dunphys provide you with the following additional information: The Dunphys do not want to contribute to the presidential election campaign. The Dunphys live at 3701 Brighton Avenue, Los Angeles, CA 90018. Phillip's birthday is 11/5/1971 and his Social Security number is 321-44-5766. Claire's birthday is 5/12/1974 and her Social Security number is 567-77-1258. Haley's birthday is 11/6/2005 and his Social Security number is 621-18-7592. Alex's birthday is 2/1/2007 and her Social Security number is 621-92-8751. Luke's birthday is 12/12/2011 and his Social Security number is 621-99-9926. The Dunphys do not have any foreign bank accounts or trusts. Claire is a flight attendant for Western American Airlines (WAA), where she earned $57,000 in salary. WAA withheld federal income tax of $6,375, state income tax of $1,800, Los Angeles city income tax of $675, Social Security tax of $3,600, and Medicare tax of $825. Phillip and Claire received $300 of interest from State Savings Bank on a joint account. They also received a qualified dividend of $395 on jointly owned stock in Xila Corporation. Phillip's real estate business is named Phillip Dunphy Realty. His business is located at 645 Grove Street, Los Angeles, CA 90018, and his employer identification number is 93-3488888. Phillip's gross receipts during the year were $730,000. Phillip uses the cash method of accounting for his business. Phillip's business expenses are as follows: Advertising $ 5,000 Professional dues 800 Professional journals 200 Employee wages 48,000 Insurance on office contents 1,120 Accounting services 2,100 Miscellaneous office expense 500 Utilities and telephone 3,360 Payroll taxes 3,600 Depreciation To be calculated On March 20, Phillip moved his business out of the old offices at 1103 Allium Lane into a newly constructed and equipped office on Grove Street. Phillip sold the old office building and all its furnishings. Phillip's expenditures for the new office building are as follows: Date Acquired Asset Cost ?3/20 Land $300,000 ?3/20 Office building 2,500,000 ?3/20 Furniture 200,000 4/1 Computer system 350,000 6/1 Artwork 150,000 Page C-7 Phillip computes his cost recovery allowance using MACRS. He would like to use the 179 immediate expensing, but he has elected to not claim any bonus depreciation. Phillip has never claimed 179 or bonus depreciation before. The assets Phillip sold on March 20 are as follows: Date Acquired Asset Sales Price Original Cost Accumulated Depreciation as of Beginning of the Year 5/1/11 Office building $940,000 $900,000 $129,825 5/1/11 Land 200,000 100,000 0 7/1/11 Furniture 50,000 239,000 206,998 8/13/13 Furniture 10,000 324,000 222,782 4/12/14 Office equipment 100,000 120,000 67,524 5/13/15 Computers $?30,000 50,000 10,000 Phillip has never sold any assets relating to his business before this transaction. The Dunphys sold 60 shares of Fizbo Corporation common stock on September 3, for $65 a share (minus a $50 total commission). The Dunphys purchased the stock on November 8, 2016, for $90 a share. They also sold a painting for $13,000 on March 1. Claire purchased the painting for $20,050 on September 1, 2010, as an investment. The Dunphys filed their 2016 federal, state, and local returns on April 13, 2017. They paid the following additional 2016 taxes with their returns: federal income taxes of $630, state income taxes of $250, and city income taxes of $75. The Dunphys made timely estimated federal income tax payments of $17,000 each quarter during 2017. They also made estimated state income tax payments of $1,000 each quarter and estimated city income tax payments of $300 each quarter. The Dunphys made all fourth-quarter payments on December 31, 2017. They would like to receive a refund for any overpayments. phillip and claire have qualifying insurance for purposes of the affordable care act (ACA)...................please if anyone can sed me filled forms then really appreciate it.

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