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Problem D (10 points) Marci Birx, age-59, is single, and has taxable income, properly calculated, of $76,314. During the year, Andi completed transactions, including: Qualified

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Problem D (10 points) Marci Birx, age-59, is single, and has taxable income, properly calculated, of $76,314. During the year, Andi completed transactions, including: Qualified dividends 1,155 Loss on sale of Tandem Diabetic stock (held from 11/10/2017 to 10/31/2019, Cost = $7,400) -3,100 SALE OF RENTAL RESIDENCE Sales price (June 22, 2019) Land 72,000 Building $48,000 Cost (October 18, 2010) Land 38,000 Building 30,000 Depreciation allowed 8,898 SALE OF APPLIANCES WITH RESIDENCE Sales price $ 2,500 Cost (October 18, 2014) 9,000 Depreciation allowed 9,000 Calculate Marci's federal income tax for 2019. Show your work! You might consult Form 4797, as you will be asked to complete it as part of Tax Return 2. Problem D (10 points) Marci Birx, age-59, is single, and has taxable income, properly calculated, of $76,314. During the year, Andi completed transactions, including: Qualified dividends 1,155 Loss on sale of Tandem Diabetic stock (held from 11/10/2017 to 10/31/2019, Cost = $7,400) -3,100 SALE OF RENTAL RESIDENCE Sales price (June 22, 2019) Land 72,000 Building $48,000 Cost (October 18, 2010) Land 38,000 Building 30,000 Depreciation allowed 8,898 SALE OF APPLIANCES WITH RESIDENCE Sales price $ 2,500 Cost (October 18, 2014) 9,000 Depreciation allowed 9,000 Calculate Marci's federal income tax for 2019. Show your work! You might consult Form 4797, as you will be asked to complete it as part of Tax Return 2

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