Please help, I edited question for legible! it too long question, so I divided post . total questions: a-r

Please help to complete the Wilson's Federal income tax return for 2019-1040, schedule B, schedule C, schedule D, schedule 1, schedule E, schedule A, schedule 2,

schedule 3, short self-employment tax, form 8863, form 4562, 8283,8582,8863,8449 and 8995

Comprehensive tax return problem 2-continue

2. Richard M and Anna K, Wilson

a. Richard and Anna Wilson are married and file a joint return, Richard is 47 years of age, and Anna is 46. Richard is employed by Telstar Corporation as its controller, and Anna is self-employed as a travel agent. They have three children: Michael, age 22; Lisa age 17, and Laura age 14. Michael is full-time student at Rutgers University. Lisa and Laura both live at home and attend school full time. The Wilson currently live at 3721 Chestnut Ridge Road, Montvale, New Jersey 07645, in a home they have owned since July 2008.

Richard and Anna provided over half of the support of Annas mother, Ruth Knapp, who currently lives in a nursing home in Mahwah, New Jersey. They also provided over half of the support of their son, Michael, who earned $4,750 during the summer as an accounting student intern for a national accounting firm.

b. Richard received a Form W-2 from his employer reporting the following information for 2019.

Richard M. Wilson, Social Security NO.294-38-6249

Gross wages and taxable benefits $63,000

Federal income taxes withheld 11,400

F.I.C.A. taxes withheld:

Social security 3,906

Medicare 914

State income taxes withheld 1,850

The taxable benefits reported on his W-2 include $2,700 (based on the currently deductible standard auto mileage rate) for Richards personal use of the company car provided by his employer.

h. The Wilsons had the following property transactions for 2019

1. Anna sold 300 shares of Chevron Corporation stock on September 9, 2019, in order to pay for Michaels fall semester of college. She received a check in the amount of $14,950 from Merrill Lynch on September 16, 2019. The stock was from a block of 1,000 shares that Richard and Anna had purchased for $35 per share on February 1, 2006.

2. They gave each of children 100 shares of Chevron stock on December 30,2019, when the stock was valued at $62.50 per share. The stock was from the same block of stock purchased for $35 per share in February 2005. No gift taxes were paid on these gifts.

3. They gave 100 shares of Chevron stock to Richards alma mater, Rider University, on December 29,2019. The average trading price of Chevron stock on that day was $61.25. This stock was also from the original block of 1,000 shares the Wilsons had purchased from $35 per share in 2006. The address of Rider University is 2083 Lawrenceville Road, Lawrenceville, New Jersey 08648.

4. On May 17, 2019, Richard and Anna were notified by the bankruptcy judge handing the affairs of Bubbling Crude Oil Company in Houston, Texas, that the companys shareholders would not receive anything for their stock ownership because all of the assets were used to satisfy claims of creditors. Richard had purchased 2,000 shares of the stock for $6 per share on April 1, 2010. Unfortunately, the stock did not meet the requirements of 1244.