Question
Sally W. Emanual had the following dividends and interest during 2016: Acom Corp bond interest $700 City of Boston Bonds Interest $1,000 Camp bank interest
Sally W. Emanual had the following dividends and interest during 2016:
Acom Corp bond interest $700
City of Boston Bonds Interest $1,000
Camp bank interest 1.250
Jest corp dividend (qualified) $1,300
North Mutual Fund
- capital gain dist $100
- ordinary dividend (qualified) $150
- nontaxable distribution $200 (total of cap gain, ordenary div and nott tax dist $400)
Blue Corporation foreign diviedend $250
Additional information:
Salary $30K
Rent income $12K
Expenses related to rent income $14K
Pension benefits $7K
Alimony paid to Sally $4K
The tax portion of the pension is $7,000. Sally actively participates in the rental activity.
Address: 430 Rumsey Place, West Falls, CA 92699
Credit Manager
Ss 123-45-4321
Single
COMPLETE SALLY'S SCHEDULE B AND PAGE 1 OF HER FORM 1040. ASSUME SCHED E HAS ALREADY BEEN PREPARED
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