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Prepare a 2 0 2 4 US federal income tax return for Amanda and Andrew using the following information: Ages: Andrew: 6 4 ; Amanda:
Prepare a US federal income tax return for Amanda and Andrew using the following information:
Ages: Andrew: ; Amanda: ; Homer son: ; Astella daughter:
Amanda paid $ in childcare expenses for Homer while she worked.
Amanda & Andrew paid $ of tuition for Astella who ends the year as a fulltime sophomore at Michigan State.
Salaries: Andrew: $; Amanda: $; Astella: $
Investment Income: Interest from Bank: $ and Dividends on Google stock: $ Sold shares of Tesla stock for $ on July Shares were purchased on January for $
Business Self Employment: Amanda had the following operating results from her education business, which she operated as a sole proprietorship: Sales income $; Advertising Expenses $; Expense for Supplies $; Amandas education business purchased the following assets in : year equipment $ on April Please maximize her depreciation deduction.
Rental Income: Amanda & Andrew rented their Virginia home for the entire year and received rental income of $ Expenses relating to the Virgina home include: mortgage interest expense of $ and real estate taxes of $
Miscellaneous: Andrew received $ in social security benefits during the year. Mortgage interest on the white house owned by Andrew and lived in by family: $ Real estate taxes on the white house: $ State income taxes withheld from Andrews wages: $ Virginia sales tax on Andrew's new car: $ Federal income taxes withheld from Andrews wages: $ Federal income taxes withheld from Amanda's wages: $ Andrew had $ of business travel expenses, which were reimbursed by his employer. Andrew contributed $ to Miami University, and $ to University of Arkansas during the year. Amanda paid $ of student loan interest.
The US federal tax return shall include the base IRS form plus all necessary schedules and attachments.
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