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Please answer this questions with answering all the following steps. Tax Return Problem (Forms available at: http://www.irs.gov/formspubs/ ) Directions:Prepare 2019 federal income tax return, including

Please answer this questions with answering all the following steps.

Tax Return Problem

(Forms available at: http://www.irs.gov/formspubs/ )

Directions:Prepare 2019 federal income tax return, including all necessary schedules and attachments, for Donald and Melania Trump using the following information:

Social Security Numbers:Donald- 123-45-6789, Melania - 333-222-111

Donald is age 64, Melania is age 51.

Son -Barron - age 11 - SS# 555-77-6666.Melania paid $5,000 in child care expenses for Barron while she worked.

Salary:Donald - $50,000, Melania - $20,000

Barron - $600

Interest from Mellon Bank - $8,000, Interest on New York municipal bonds - $4,000

Dividends on Trump, Inc. stock - 2,000

Sold 1,000 shares of IBM stock for $6,000 on January 15, 2019.Shares were purchased on January 15, 2008 for $4,000.

Melania had the following operating results from her modeling business, which she operated as a sole proprietorship:

Sales income - $12,000

Office supplies - 4,000

Advertising Expenses - 2,000

Entertainment expense - 1,000

Donald and Melania rented out the old family home in New York for the entire year:

Rental income - $7,000, Mortgage interest - $3,000

Depreciation - The house was purchased in 12/01/17 at a cost of $100,000 and is depreciated on a straight-line basis over 27.5 years.Accumulated Depreciation from prior years was $3,788.

Mortgage interest on the white house owned by Donald and lived in by family - $8,000

Real Estate taxes on the white house - $6,000;

State income taxes withheld from Donald's wages - $5,000

Federal income taxes withheld from Donald's wages - $4,000

New York City sales tax paid by Donald was $1,800.

State income tax refund of 2018 overpayment received in 2019 - $2,000 (2018 state income taxes were fully deductible on the 2018 tax return.)

Donald had $6,000 of business travel expenses, which were reimbursed by his employer.

Melania paid $3,000 in college tuition for graduate school.

Donald contributed $9,000 to the United Way, and $6,000 to Fordham University during the year.

Melania paid $4,000 of student loan interest.

Notes

1. Please make up any non-financial information needed to complete the tax return that is not provided above.

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