Question
Sally W. Emanual had the following dividends and interest during the current year. Acorn Corporation bond interest $700 City of Boston bongs interest 1,000 Camp
Sally W. Emanual had the following dividends and interest during the current year.
Acorn Corporation bond interest $700
City of Boston bongs interest 1,000
Camp Bank interest 1,250
Jet Corporation dividend(Qualified) 1,300
North Mutual fund
Capital gain distribution 100
Ordinary dividend(Qualified) 150
Nontaxable distribution +200 ---> 450
Blue Corporation foreign dividend 250
Additional information pertaining to Sally Emanual includes
Salary 70,000
Rent Income 12,000
Expenses related to rent income 14,000
Pension benefits 7,000
Alimony paid to Sally 4,000
The taxable portion of the pension is $7,000. Sally actively participates in the rental activity. Other relevant information includes
Address: 430 Rumsey Place, West Falls, California 92699
Occupation: Credit Manager
SSN: 123-45-4321
Martial status: Single
PLEASE FILL OUT THE 2022 EDITION OF THE FORMS
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