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Please help me prepare Form 1040, Schedule 3, Schedule A, Schedule B, Schedule E, Form 8812, Form 2441, Form 8960. Thanks. Merv R. Baldwin (age
Please help me prepare Form 1040, Schedule 3, Schedule A, Schedule B, Schedule E, Form 8812, Form 2441, Form 8960. Thanks.
Merv R. Baldwin (age 39, SSN 550-37-7400) and Melanic A. Baldwin (age 36, SSN 598-353775) live at 515 W. 35 5t Ave., Provo, Utah 84200 . They daim their nine-year-old son, Adam (SSN 458-47-9330) as their only dependent. Merv works as a computer analyst; Melanie is employed as a manager. Details from their respective W-2s are shown below. In order to allow them both to work, the Baldwins paid Anna Furlough (Melanie's mother, SSN 583-57-9991) $3,600 during the year for after-school childcare. Anna lives down the street at 735W.35t Ave. During 2021, the Baldwins received $33,667 from the rental of their cabin in Park City, Utah. The cabin is locared ar 1900 Mountain View Lane, Park City, Utah 85068 . The cabin was rented out for 104 days during the year, and the Baldwins personally used the cabin for 20 days during the summer. The Baldwins paid $319,000 for the cabin in 1997, of which $50,000 was allocated to the land. They depreciare the cabin using MACRS. Expenses relared to the cabin include: * Paid to a leasing company to help them identify and screen potential tenants, collect rents, and schedule necessary repairs and cleaning services. The Baldwins also have receipts for the following income and expenses during the year. Prepare the Baldwins' joint tax return (Form 1040, Schedule 3, Schedule A, Schedule B, Schedule Eand Form 2441). The Baldwins get full health care coverage thru Merv's employer. The Baldwins did not have any interest in a foreign account or trust. They sign their return on April 15, 2022, and both want to contribute $3 to the Presidential campaign fundStep by Step Solution
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