Robert A. Kliesh, age 41, is single and has no dependents. Roberts Social Security number is 111-11-1111. His address is 201 Front Street, Missoula, MT 59812. He does not contribute to the Presidential Election Campaign fund through the Form 1040. Robert is independently wealthy as a result of having inherited sizable holdings in real estate and corporate stocks and bonds. Robert is a minister at First Presbyterian Church, but he accepts no salary from the church. However, he does reside in the churchs parsonage free of charge. The fair rentalvalueoftheparsonageis$3,000a month. The church also provides him with a cash grocery allowance of $200 a week. Examination of Roberts financial records provides the following information for 2014.

a. On January 16, 2014, Robert sold 1,000 shares of stock for a loss of $12,000. The stock was acquired 14 months ago. On February 15, 2014, he sold 400 shares of stock for a gain of $13,100. That stock was acquired in 2008.

b. He received $30,000 of interest on private activity bonds that he had purchased in 2008. He also received $40,000 of interest on tax-exempt bonds that are not private activity bonds.

c. He received gross rent income of $190,000 from an apartment complex he owns. He qualifies as an active participant.

d. Expenses related to the apartment complex, which he acquired in 2007, were $225,000.

e. Roberts interest income (on CDs) totaled $23,000. Because he invests only in growth stocks, he has no dividend income.

f. He won $60,000 on the lottery.

g. Robert was the beneficiary of an $800,000 life insurance policy on his uncle Jake. He received the proceeds in October.

h. Robert contributed $5,500 to his traditional IRA.

i. Robert incurred the following potential itemized deductions. $5,200 fair market value of stock contributed to Presbyterian Church (basis of stock was $3,000). He had owned the stock for two years. $4,200 interest on consumer purchases. $3,900 state and local income tax. $15,000 of medical expenses that he paid on behalf of a parishioner who died. $300 for a safe deposit box that is used to store investments and related legal documents. $5,000 paid for lottery tickets associated with playing the state lottery. Robert contributed $5,000 of his winnings to the church. Because Robert lived in Montana, he paid no sales tax. $750 contribution to the campaign of the Democratic candidate for governor.

j. Robert made estimated Federal tax payments of $7,500. k. Robert was covered by health insurance for the entire tax year.

Use Forms You will need Forms 1040, 6251, 8283, 8582, 8949, and Schedules A, B, D, and E to compute the tax liability (including AMT) for Robert A. Kliesh for 2014.