Please complete the $2018$ federal income tax return for Tim and Linda Jones. Ignore the requirement to attach the form$($s$)$ W$-2$ to the front page of the Form $1040.$ If required information is missing, use reasonable assumptions to fill in the gaps.

Tim and Linda Jones live in Dyer brook, Maine. Tim is the Vice$-$President of Sales at a small start$-$up company. Linda is a former advertising executive who currently consults with former clients. The Joneses have three children Holly $($age $18),$ Rusty $($age $15),$ and Robby $($age $12).$ In January, Holly left home to attend a liberal arts college. She lived on campus for fall and spring semester. They are not sure if Holly still qualifies as their dependent since she lived away from home so much, but they trust you to determine if she does or not. She had a full scholarship, so Tim & Linda didn$$t have to pay for anything. They plan to file a joint tax return. They provided the following information:

$$ Tim$$s social security number is $598-94-2583$

$$ Linda$$s social security number is $301-52-2942$

$$ Holly$$s social security number is $887-44-8710$

$$ Rusty$$s social security number is $810-42-9092$

$$ Robby$$s social security number is $855-11-3021$

$$ The Jones$$s mailing address is $80$ south Maple Drive, Dyer brook, Maine $04747$

Tim Jones reported the following the following information relating to his employment during the year:

Employer Gross Wages Federal Income Tax Withholding State Income Tax Withholding

SACS $$118,325$ $$29,230$ $$15,000$

The above amounts do not reflect any income items described below. Tim$$s employer withheld all payroll taxes it was required to withhold. The entire Jones family was covered by minimum essential health insurance during each month in $2018.$ The insurance was provided by Tim$$s employer, SACS. He received the Form $1095-$C from his employer indicating coverage for the full year.

Linda Jones received the following revenue during the year $($she uses the cash method of accounting$).$

Consulting revenue reported to her on a Form $1099-$MISC, Box $7$

Bonnie$$s Delights $$12,000$

Bob$$s Healthy Option Products $$8,500$

Strategic Synergies $$3,750$

Bountiful Sunshine, Inc. $$6,500$

During the year, Linda incurred and paid the following business expenses:

Consultant$-$related $($no personal days spent during trip$)$:

Airfare $$2,900$

Hotel $$1,450$

Gifts $($to clients$)$ $$55$

Entertainment $($spent on clients$)$ $$750$

Meals $($while traveling$)$ $$390$

Parking $$320$

Linda drove $1,575$ business miles for her consulting$-$related activities $($she has documentation to verify$)$

Neither of Linda$$s business activities required the filing of Form$($s$)1099$ to report payments she made during the tax year. She was very pleased to learn that she did qualify for the QBI $($qualified business income$)$ deduction and is not subjected to any limitations$.$ In addition, she drove a $2016$ Accord, purchased on January $1,2016,$ for all her business mileage. She drove the vehicle a total of $10,605$ miles during the year for all purposes. Linda has written documentation to support the mileage amounts. She also has access to another vehicle for personal purposes. She paid in quarterly, estimated tax payments. She knew there would be a penalty if she owed more than a specific amount and had not paid in the appropriate estimated payments. She paid in $$1,250$ on April $1,$ June $1,$ September $1,$ & December $31.$ The total amount was $$5,000$ in estimated tax payments.

The Joneses also received the following during the year:

Interest income from First Bank of New Jersey $$320$

Interest income from Patterson, New Jersey School District $$200$

Interest income from U$.$S$.$ Treasury Bond $$350$

Interest income from General Mills corporate bond $$400$

The Joneses did not own, control or manage any foreign bank accounts, nor were they grantors or beneficiaries of a foreign trust during the tax year.

Linda$$s father passed away last year on June $3,2017,$ but the estate wasn$$t settled until August $1,2018.$ She was the sole beneficiary to his checking & savings account and home. The checking & savings had a cash balance of $$132,645\mathrm{.}23$ on $8/1/18.$ He had purchased his home many years ago. He only paid $$15,000$ for it in June of $1952.$ The Fair Value at his date of death was $$125,550.$ The fair value was $$135,000$ at the time estate was settled on $8/1/18.$ His personal possessions didn$$t have any value.

The Joneses received a New Jersey state income tax refund of $$400$ in May of $2018.$ The Joneses received the refund because they had overpaid their New Jersey state individual income tax in $2017.$ On their $2017$ Federal income tax return, the Joneses deducted and received tax benefit for all state tax income taxes paid in $2017.$

In May, Tim was injured in a home accident. The injury prevented Tim from working for about a month. During this time, Tim received $$15,000$ in disability payments attributable to a disability insur