Question
Please complete just Form 1040 (you do not need to fill out a Schedule C or Schedule D, but you can use them to calculate
Please complete just Form 1040 (you do not need to fill out a Schedule C or Schedule D, but you can use them to calculate numbers to enter into Form 1040) for a client with the following tax situation:
Paul Gigornovich
Address: 123 HillCrest Lane, San Diego, CA 92101
Wage income: $45,000/00
W2 Federal Tax Withholdings: $4,000.00
Net Long Term Stock Sales Gain: $8,000.00
Net Short Term Sock Sale Loss: -$12,000.00
Sole Proprietorship Business
Gross Income: $80,000.00
Expenses:
Interest: $8,000.00
Meals: $400.00
Continuing Education 1 day Program where he had to fly to a different state:
$900 Airfare
$600 Hotel ($300 per night)
$250 Meals (over and above the other $400.00 in meals) ($125 per day)
$350 Opera Tickets
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