Self-Study Problem 47 net Randolf lives in a duplex that she owns 14 Lancaster Drive, Salem, OR 97305. Janet rent one-half of her duplex and lives in the other ha n come to the portion is $15.000, and she was straight line depreciation with a 27.5 year . On the whole duplex, real estate as we $1,200, interest on the more 5.600 d is 18.000 .00 and basis for depreciation in 50 Use Part 1 of Schedule to report Janet's income from rental part of the duplex If an amount box does not require an entry or the answer is er, entero. Ewer s as positive numbers und deprecate pe to the rest of Supplemental Income and Loss SCHEDULE E OM 1545-0074 (Form 1040) Department of the (From altr es partners Sports, estrus, HICS 2018 Treasury internal tachment Altach to form 1040, 10EN, OF Form 1041 Revenue Service Go to www.r / Schedule Sen o for instructions and the latest information 13 H. You Janet Rand Part 1 Income or low From Hental Real Estate and Royalties Note: If you are in the business of renting Personal property e ne Schedule CC rental income or los reform E s tructions. If you are an individual report a the A doua in 2018 at If yes you or will you required forms 100 tahvel address of each property Credit state A1 Last Dr. SORT code) Perunale ON box only you meet the TV Prert eBook Calculator Skylar and Walter Black have been married for 25 years. They live at 883 Scrub Brush Street, Apt. 52B, Las Vegas, NV 89125. Skylar is a homemaker and Walter is a high school teacher. His W-2 form is located on the next tab. Skylar's Social Security number is 222-43-7690 and Walt's is 700-01-0002. Neither are age 65 or older. The Blacks provide all the support for Skylar's mother, Rebecca Backin (Social Security number 411- 66-2121), who lives in a nursing home in Reno, NV and has no income. Walter's father, Alton Black (Social Security number 343-22-8899), lives with the Blacks in Las Vegas. Although Alton received Social Security benefits of $7,600 in 2018, the Blacks provide over half of Alton's support. The Blacks moved from Maine to Nevada. As a result, they sold their house in Maine on January 4, 2018. They originally paid $76,000 for the home on July 3, 1993, but managed to sell it for $604,000. They spent $13,000 on improvements over the years. They are currently renting in Las Vegas while they look for a new home. The school district reimbursed Walter $550 for moving expenses. These are reflected on his W-2 (see separate tab). Walter's previous job, as a high school teacher in Maine, was only 5 miles from his home. Skylar was unemployed prior to the move. The Blacks received a 1099-DIV from their mutual fund investments (see separate tab) The Blacks own a ski condo located at 123 Buncombe Lane, Brian Head, UT 84719. The condo was rented for 184 days during 2018 and used by the Blacks for 16 days. Pertinent Information about the condo rental is as follows: Rental income Mortgage interest reported on Form 1098 Homeowners' association dues $12,000 8,600 5,200 1,200 3,800 Utilities Maintenance Depreciation (assume fully depreciated) The above amounts do not reflect any allocation between rental and personal use of the condo. The Blacks are active managers of the condo. The Blacks received a 1099-DIV from their mutual fund investments (see separate tab). The Blacks own a ski condo located at 123 Buncombe Lane, Brian Head, UT 84719. The condo was rented for 184 days during 2018 and used by the Blacks for 16 days. Pertinent information about the condo rental is as follows: Rental income Mortgage interest reported on Form 1098 Homeowners' association dues $12,000 8,600 5,200 1,200 3,800 Utilities Maintenance Depreciation (assume fully depreciated) The above amounts do not reflect any allocation between rental and personal use of the condo. The Blacks are active managers of the condo. Required: Complete Form 1040 and the schedules and forms provided for the Blacks. Assume the taxpayers had health coverage for the entire year. Neither taxpayers wants to contribute to the presidential election campaign. . If an amount box does not require an entry or the answer is zero, enter "O". . Do not round any percentages. If required, round your answers to the nearest dollar. If required, enter a "loss" as a negative number on the tax form. Do not enter deductions as negative numbers. Special instructions for Form 8582: If required, use the minus sign to enter a "loss" as a negative number on the lines 1d, 4 and 16. However, per the instructions on the tax return, enter all numbers in Part II as positive amounts. Self-Study Problem 47 net Randolf lives in a duplex that she owns 14 Lancaster Drive, Salem, OR 97305. Janet rent one-half of her duplex and lives in the other ha n come to the portion is $15.000, and she was straight line depreciation with a 27.5 year . On the whole duplex, real estate as we $1,200, interest on the more 5.600 d is 18.000 .00 and basis for depreciation in 50 Use Part 1 of Schedule to report Janet's income from rental part of the duplex If an amount box does not require an entry or the answer is er, entero. Ewer s as positive numbers und deprecate pe to the rest of Supplemental Income and Loss SCHEDULE E OM 1545-0074 (Form 1040) Department of the (From altr es partners Sports, estrus, HICS 2018 Treasury internal tachment Altach to form 1040, 10EN, OF Form 1041 Revenue Service Go to www.r / Schedule Sen o for instructions and the latest information 13 H. You Janet Rand Part 1 Income or low From Hental Real Estate and Royalties Note: If you are in the business of renting Personal property e ne Schedule CC rental income or los reform E s tructions. If you are an individual report a the A doua in 2018 at If yes you or will you required forms 100 tahvel address of each property Credit state A1 Last Dr. SORT code) Perunale ON box only you meet the TV Prert eBook Calculator Skylar and Walter Black have been married for 25 years. They live at 883 Scrub Brush Street, Apt. 52B, Las Vegas, NV 89125. Skylar is a homemaker and Walter is a high school teacher. His W-2 form is located on the next tab. Skylar's Social Security number is 222-43-7690 and Walt's is 700-01-0002. Neither are age 65 or older. The Blacks provide all the support for Skylar's mother, Rebecca Backin (Social Security number 411- 66-2121), who lives in a nursing home in Reno, NV and has no income. Walter's father, Alton Black (Social Security number 343-22-8899), lives with the Blacks in Las Vegas. Although Alton received Social Security benefits of $7,600 in 2018, the Blacks provide over half of Alton's support. The Blacks moved from Maine to Nevada. As a result, they sold their house in Maine on January 4, 2018. They originally paid $76,000 for the home on July 3, 1993, but managed to sell it for $604,000. They spent $13,000 on improvements over the years. They are currently renting in Las Vegas while they look for a new home. The school district reimbursed Walter $550 for moving expenses. These are reflected on his W-2 (see separate tab). Walter's previous job, as a high school teacher in Maine, was only 5 miles from his home. Skylar was unemployed prior to the move. The Blacks received a 1099-DIV from their mutual fund investments (see separate tab) The Blacks own a ski condo located at 123 Buncombe Lane, Brian Head, UT 84719. The condo was rented for 184 days during 2018 and used by the Blacks for 16 days. Pertinent Information about the condo rental is as follows: Rental income Mortgage interest reported on Form 1098 Homeowners' association dues $12,000 8,600 5,200 1,200 3,800 Utilities Maintenance Depreciation (assume fully depreciated) The above amounts do not reflect any allocation between rental and personal use of the condo. The Blacks are active managers of the condo. The Blacks received a 1099-DIV from their mutual fund investments (see separate tab). The Blacks own a ski condo located at 123 Buncombe Lane, Brian Head, UT 84719. The condo was rented for 184 days during 2018 and used by the Blacks for 16 days. Pertinent information about the condo rental is as follows: Rental income Mortgage interest reported on Form 1098 Homeowners' association dues $12,000 8,600 5,200 1,200 3,800 Utilities Maintenance Depreciation (assume fully depreciated) The above amounts do not reflect any allocation between rental and personal use of the condo. The Blacks are active managers of the condo. Required: Complete Form 1040 and the schedules and forms provided for the Blacks. Assume the taxpayers had health coverage for the entire year. Neither taxpayers wants to contribute to the presidential election campaign. . If an amount box does not require an entry or the answer is zero, enter "O". . Do not round any percentages. If required, round your answers to the nearest dollar. If required, enter a "loss" as a negative number on the tax form. Do not enter deductions as negative numbers. Special instructions for Form 8582: If required, use the minus sign to enter a "loss" as a negative number on the lines 1d, 4 and 16. However, per the instructions on the tax return, enter all numbers in Part II as positive amounts