Question
PLEASE COMPETE QUESTION ON listed Form below: - 1040, Schedule A, Schedule B, and Form 6251. Steve Jackson (birthdate December 13, 1965) is a single
PLEASE COMPETE QUESTION ON listed Form below: - 1040, Schedule A, Schedule B, and Form 6251. Steve Jackson (birthdate December 13, 1965) is a single taxpayer living at 3215 Pacific Dr., Del Mar, CA 92014. His Social Security number is 465-88-9415. In 2017, Steves earning and income tax withholding as the manager of a local hotel are: Earnings from the Ocean View Hotel $121,500 Federal income tax withheld 18,500 State Income tax withheld 9,300 Steves other income includes interest from General Electric bonds of $2,550 and interest on a savings account at Wells Fargo Bank of $3,215. Also, Steve received tax-exempt interest of $29,440 on private activity bonds that is subject to alternative minimum tax. Steve had full medical coverage for the entire tax year. During the year, Steve paid the following amounts (all of which can be substantiated): Home mortgage interest $31,575 Credit card interest 1,760 Auto insurance 900 State income taxes paid in 2016 (for 2014 audit) 12,600 Property taxes on personal residence 6,200 Kaiser HMO premiums 4,800 Other medical expenses 790 CPA fees paid to handle 2014 state audit 7,000 Charitable contributions Girl Scouts 800 San Diego State University (contribution) 10,000 Italian Red Cross 250 Required: Complete Steves federal tax return for 2017. Use Form 1040, Schedule A, Schedule B, and Form 6251, which can be found on the IRS website. Make realistic assumptions about any missing data.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started