Please help! I have been at this for over four hours and I am stuck on the 1120S.

EIN is unlisted so we are using 84-1234567

Company address we have used 1234 Hill Street, Surprise, AZ 85379

If it is not included in this post, I was not provided with it. I am so confused and have been stuck on this for forever, Please help!

Required

Prepare an s-corporation tax return. See data below. You will need the following forms:

? Form 1120S and corresponding schedules, including Schedules L and M-1

? Schedule K-1 for Herman Hiebert (from problem C11-64)

? For the Schedule K-1, use the address and SSN information below for Herman.

Individual taxpayer information

Individual tax forms required:

? Form 1040

? Schedule 1

? Schedule 5

? Schedule A

? Schedule B

? Schedule D

? Schedule E

? Form 8949

? Form 4797 (see item 4.i. below)

1. Herman Hiebert's social security number is 456-12-3789. He is married but does not have any dependents. His wife's name is Rebecca, and her social security number is 123-45-6789. They live at 1345 E. 44th Street, Phoenix, AZ 85017

2. Additional information to complete the tax returns:

a. Rebecca works at Intel Corporation and earned $160,000 during the tax year.

b. Her federal tax withholding was $30,000 and Arizona income taxes withheld were $8,000. Herman made federal estimated tax payments of $15,000 and Arizona estimated payments of $1,500

c. Mortgage interest on their personal residence was $15,200, and property taxes were $5,150.

d. Additional charitable contributions of $10,500 were paid during the year.

e. On July 10, 2018, they sold 1,000 shares of Intel Corporation stock for $70 per share. They purchased the stock on May 1, 2012 for $56 per share.

f. The taxpayer's have a long-term capital loss carry forward of $5,000.

g. Assume AMT does not apply.

h. Apply any refund to estimated tax payments for the next year.

i. Instead of preparing Form 4797 (because it was already prepared for the s-corporation), input any gain/loss from the Section 1231 asset on Form 1040, Schedule 1, line 14.