prepare form 1040, schedule D, other schedules, forms (4797 or 8949 if applicable) to complete this problem

Debra Simon is a single taxpayer. She is employed as a corporate attorney and lives at 1400 Sand Dollar Circle, Sandville, FL 33868. Her social security number is 412-34-5670. For tax year 2017, Debra had the following income information:

Wages		$	155,000
Social security withholding			7,886
Medicare withholding			2,248
Federal income tax withheld			34,550
State income tax withheld			0
New Bank 1099-INT			5,500
Hope Bank 1099-INT			3,875

Debra had the following stock transactions during 2017. A 1099-B was received for the proceeds of each sale:

Transaction		Purchased		Sold		Proceeds				Cost		Sale Expenses
300 sh. IBM		01/05/10		5/11/17		$	16,500			$	14,100	$	875
200 sh. SMI		01/05/10		5/15/17			41,000				41,800		2,050
100 sh. BMI		03/05/16		4/12/17			10,500				11,400		525
300 sh. ABC		07/05/17		9/15/17			16,500				14,100		825
300 sh. DDC		05/12/17		10/11/17			45,000				51,000		2,250
300 sh. PPC		01/05/10		5/11/17			5,000				2,800		250
4,000 sh. LLP		Inherited		12/11/17			436,000				*		21,800
1,500 sh. QQM		Inherited		5/11/17			41,325				*		2,066
* Debra inherited the LLP stock and the QQM stock when her father passed away on May 1, 2017. Debras father purchased the LLP stock in 1966 for $35,000. The FMV of the LLP stock at the date of death was $415,500. The QQM stock was purchased by Debras father on February 6, 2016, for $49,000. The FMV of the QQM stock at the date of death was $49,600.

Debra also sold her wine collection for $38,000. She had purchased the wine on January 5, 2012, for a total of $19,000. Debra has a capital loss carryover from 2016 of $11,700: $3,000 short-term and $8,700 long-term. Debra rents a condo (no mortgage interest) and lives in Florida (no state income tax). Thus, she claims the standard deduction. Complete the 2017 tax return for Debra Simon. You do not need to complete the loss carryover worksheet but do need to enter the carryover amount in the appropriate place on Schedule D. She wants to contribute to the presidential election campaign and does not want anyone to be a third-party designee. Debra had qualifying health care coverage at all times during the tax year. For any missing information, make reasonable assumptions.

Use the appropriate Tax Tables or Tax Rate Schedules.