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 stay-at-home parent and Walt is a high school teacher. Skylars Social Security number is 222-43-7690 and Walts is 700-01-0002. Neither are age 65 or older. The Blacks provide all the support for Skylars mother, Rebecca Backin (Social Security number 411-66-2121), who lives in a nursing home in Reno, NV and has no income. Walters 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 2019, the Blacks provide over half of Al-tons support. Skylar and Walt claim a $500 other dependent credit each for Rebecca and Alton. Walts earnings from teaching are:

The Blacks moved from Maine to Nevada. As a result, they sold their house in Maine on January 4, 2019. They originally paid $76,000 for the home on July 3, 1994, 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 Blacks own a ski condo located at 123 Buncombe Lane, Brian Head, UT 84719. The condo was rented for 185 days during 2019 and used by the Blacks for 15 days. The rental activity does not rise to the level to qualify for the QBI deduction. Pertinent information about the condo rental is as follows:

Rental Income	$12,100
Mortgage interest reported on Form 1098	8,600
Homeowners association dues	5,200
Utilities	1,200
Maintenance	3,800
Depreciation (assume fully depreciated)	0

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 the Blacks federal tax return for 2019. Use Form 1040, Schedule 1, Schedule D, Form 8949, Schedule E (page one only), Form 8582 (page one only) and the Qualified Dividends and Capital Gain Tax Worksheet to complete their tax return.

and Alton. Walt's earnings from teaching are: Choosocia U mber Sote BOOT 700-01-0002 OMB NO. 154 COCO we file b oylcenticationbar IN We aroc 51.200.00 4.310.00 31-1239867 CONTACT Las Vegas School District 2234 Vegas Valley Drive Las Vegas, NV 89169 51,200.00 MOC Wages and sps 51,200.00 3,174.40 742.40 Alonso DD$7.900.00 Walter Black 883 Scrub Brush Street, Apt 52B Las Vegas, NV 89125 NV V W Wasce and Tax Statement Copy-To Be Fed with Employee's FEDERAL Tax Return 2019 The Blacks received the following 1099-DIV from their mutual fund investments: GMK NO 1545 011 2019 Dividends and Distributions CORRECTED i checked) PAYERS s o r o r province, Country. Pta Total ordinary duide 1.425.00 Cyber Funds Equities Fund 41 Wall Street New York, NY 10005 1.002.00 $ 6.540.34 POMENTS TN 17-1234326 222-43-7690 Form 1099-Dry Copy B For Rocipient IS Skylar B. Black ol III 3151 10 883 Scrub Brush Street #52B Las Vegas, NV 89125 Las Vegas, NV 89125 ou seconds HII 1 For 1099-DIV Deep for your records 6 5 f8582.pdf f8949.pdf x + v - o * Bf1040 (2).pdf f1040sse.pdf file:///C:/Users/betha/Downloads/18949.pdf + 1 f104051 (1).pdf n O o of 2 - + Fit to page ID Page view AV Read aloud Add notes F Form 8949 Department of the Treasury Internal Revenue Service Name(s) shown on return OMB No. 1545-0074 Sales and Other Dispositions of Capital Assets 2019 Go to www.irs.gov/Form8949 for instructions and the latest information. Attachment l lo with your Schedule D to list your transactions for linos 1b, 2, 3, 8, 9, and 10 of Schedule D. Sequence No. 12A Social security number or taxpayer identification number Before you check Box A, B, or C below, see whether you received any Form(s) 1099-B or substitute statement(s) from your broker. A substitute statement will have the same information as Form 1099-B. Either will show whether your basis (usually your cost) was reported to the IRS by your broker and may even tell you which box to check. Part 1 Short-Term. Transactions involving capital assets you held 1 year or less are generally short-term (see instructions). For long-term transactions, see page 2. Note: You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D, line 1a; you aren't required to report these transactions on Form 8949 (see instructions). You must check Box A, B, or C below. Check only one box. If more than one box applies for your short-term transactions, complete a separate Form 8949, page 1, for each applicable box. If you have more short-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. (A) Short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (B) Short-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS O(C) Short-term transactions not reported to you on Form 1099-B Adjustment, if any, to gain or loss. If you enter an amount in column lal. (b) (d) enter a code in column) Cost or other basis. Gain or loss). Date a ures Description of property Proceeds Date sold or See the Note belowl See the separate instructions Subtract column (e) (Example: 100 sh.XYZ Co.) disposed of (sales price) (Mo., day.yr.) and see Column (e) from column (d) and (Mo., day, yr.) (see instructions) in the separate combine the result instructions Code(s) from Amount of with column (g) instructions adjustment le) th) (c) 6:07 PM Type here to search Bi e e w ^ ( 4 2014/2020 = 6 5 8582.pdf f8949.pdfx + v - x f1040 (2).pdf f1040sse.pdf file:///C:/Users/betha/Downloads/18949.pdf + 1 f1040s1 (1).pdf n o o of 2 + Fit to page ID Page view AV Read aloud Add notes H F 2 Totals. Add the amounts in columns (d), (e), g), and (h) (subtract negative amounts). Enter each total here and include on your Schedule D, line 1b (if Box A above is checked), line 2 (if Box B above is checked), or line 3 (if Box C above is checked) Note: If you checked Box A above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 3776BZ Form 8949 (2019) Type here to search o Bt - @ 9 2 w ^ (a 20172020 6 5 f8582.pdf f8949.pdf x + v - o * f104051 (1).pdf 0 0 0 Bf1040 (2).pdf f1040sse.pdf file:///C:/Users/betha/Downloads/f8949.pdf 2 of 2 O - + Fit to page CD Page view A Read aloud L Add notes 0 F & Form 8949 (2019) Name(s) shown on return. Name and SSN or taxpayer identification no. not required if shown on other side Attachment Sequence No. 12A Page 2 Social security number or taxpayer identification number Before you check Box D, E, or F below, see whether you received any Form(s) 1099-B or substitute statement(s) from your broker. A substitute statement will have the same information as Form 1099-B. Either will show whether your basis (usually your cost) was reported to the IRS by your broker and may even tell you which box to check. Part II Long-Term. Transactions involving capital assets you held more than 1 year are generally long-term (see instructions). For short-term transactions, see page 1. Note: You may aggregate all long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D, line 8a; you aren't required to report these transactions on Form 8949 (see instructions). You must check Box D, E, or F below. Check only one box. If more than one box applies for your long-term transactions, complete a separate Form 8949, page 2, for each applicable box. If you have more long-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. O (D) Long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (E) Long-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS (F) Long-term transactions not reported to you on Form 1099-B Adjustment, if any, to gain or loss. If you enter an amount in column lall. (c) (d) Cost or other basis. enter a code in column) Gain or loss). Date sold or Proceeds See the Note belowl See the separate instructions. Description of property Date acquired Subtract column (e) (Example: 100 sh.XYZ Co.) disposed of sales price) and see Column (e) from column (d) and (Mo., day, yr.) Mo., day, yr) (see instructions) in the separate combine the result instructions Code(s) from Amount of with column (g) instructions adjustment (0) 6:09 PM Type here to search o - @ 9 e w ^ 1) 2014/2020 f8582.pdf B f8949.pdf x + V - X 5 f1040s1 (1).pdf o n of 2 lo f1040 (2).pdf f1040sse.pdf file:///C:/Users/betha/Downloads/18949.pdf E | 2 + Fit to page ID Page view Add notes F & A Read aloud instructions adjustment 2 Totals. Add the amounts in columns (d), (e), g), and (h) (subtract negative amounts). Enter each total here and include on your Schedule D, line 8b (if Box D above is checked), line 9 (if Box E above is checked), or line 10 (if Box F above is checked) Note: If you checked Box D above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. Form 8949 (2019) Type here to search o Bt - @ 9 2 w ^ (a aw 2019/2020 and Alton. Walt's earnings from teaching are: Choosocia U mber Sote BOOT 700-01-0002 OMB NO. 154 COCO we file b oylcenticationbar IN We aroc 51.200.00 4.310.00 31-1239867 CONTACT Las Vegas School District 2234 Vegas Valley Drive Las Vegas, NV 89169 51,200.00 MOC Wages and sps 51,200.00 3,174.40 742.40 Alonso DD$7.900.00 Walter Black 883 Scrub Brush Street, Apt 52B Las Vegas, NV 89125 NV V W Wasce and Tax Statement Copy-To Be Fed with Employee's FEDERAL Tax Return 2019 The Blacks received the following 1099-DIV from their mutual fund investments: GMK NO 1545 011 2019 Dividends and Distributions CORRECTED i checked) PAYERS s o r o r province, Country. Pta Total ordinary duide 1.425.00 Cyber Funds Equities Fund 41 Wall Street New York, NY 10005 1.002.00 $ 6.540.34 POMENTS TN 17-1234326 222-43-7690 Form 1099-Dry Copy B For Rocipient IS Skylar B. Black ol III 3151 10 883 Scrub Brush Street #52B Las Vegas, NV 89125 Las Vegas, NV 89125 ou seconds HII 1 For 1099-DIV Deep for your records 6 5 f8582.pdf f8949.pdf x + v - o * Bf1040 (2).pdf f1040sse.pdf file:///C:/Users/betha/Downloads/18949.pdf + 1 f104051 (1).pdf n O o of 2 - + Fit to page ID Page view AV Read aloud Add notes F Form 8949 Department of the Treasury Internal Revenue Service Name(s) shown on return OMB No. 1545-0074 Sales and Other Dispositions of Capital Assets 2019 Go to www.irs.gov/Form8949 for instructions and the latest information. Attachment l lo with your Schedule D to list your transactions for linos 1b, 2, 3, 8, 9, and 10 of Schedule D. Sequence No. 12A Social security number or taxpayer identification number Before you check Box A, B, or C below, see whether you received any Form(s) 1099-B or substitute statement(s) from your broker. A substitute statement will have the same information as Form 1099-B. Either will show whether your basis (usually your cost) was reported to the IRS by your broker and may even tell you which box to check. Part 1 Short-Term. Transactions involving capital assets you held 1 year or less are generally short-term (see instructions). For long-term transactions, see page 2. Note: You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D, line 1a; you aren't required to report these transactions on Form 8949 (see instructions). You must check Box A, B, or C below. Check only one box. If more than one box applies for your short-term transactions, complete a separate Form 8949, page 1, for each applicable box. If you have more short-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. (A) Short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (B) Short-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS O(C) Short-term transactions not reported to you on Form 1099-B Adjustment, if any, to gain or loss. If you enter an amount in column lal. (b) (d) enter a code in column) Cost or other basis. Gain or loss). Date a ures Description of property Proceeds Date sold or See the Note belowl See the separate instructions Subtract column (e) (Example: 100 sh.XYZ Co.) disposed of (sales price) (Mo., day.yr.) and see Column (e) from column (d) and (Mo., day, yr.) (see instructions) in the separate combine the result instructions Code(s) from Amount of with column (g) instructions adjustment le) th) (c) 6:07 PM Type here to search Bi e e w ^ ( 4 2014/2020 = 6 5 8582.pdf f8949.pdfx + v - x f1040 (2).pdf f1040sse.pdf file:///C:/Users/betha/Downloads/18949.pdf + 1 f1040s1 (1).pdf n o o of 2 + Fit to page ID Page view AV Read aloud Add notes H F 2 Totals. Add the amounts in columns (d), (e), g), and (h) (subtract negative amounts). Enter each total here and include on your Schedule D, line 1b (if Box A above is checked), line 2 (if Box B above is checked), or line 3 (if Box C above is checked) Note: If you checked Box A above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 3776BZ Form 8949 (2019) Type here to search o Bt - @ 9 2 w ^ (a 20172020 6 5 f8582.pdf f8949.pdf x + v - o * f104051 (1).pdf 0 0 0 Bf1040 (2).pdf f1040sse.pdf file:///C:/Users/betha/Downloads/f8949.pdf 2 of 2 O - + Fit to page CD Page view A Read aloud L Add notes 0 F & Form 8949 (2019) Name(s) shown on return. Name and SSN or taxpayer identification no. not required if shown on other side Attachment Sequence No. 12A Page 2 Social security number or taxpayer identification number Before you check Box D, E, or F below, see whether you received any Form(s) 1099-B or substitute statement(s) from your broker. A substitute statement will have the same information as Form 1099-B. Either will show whether your basis (usually your cost) was reported to the IRS by your broker and may even tell you which box to check. Part II Long-Term. Transactions involving capital assets you held more than 1 year are generally long-term (see instructions). For short-term transactions, see page 1. Note: You may aggregate all long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D, line 8a; you aren't required to report these transactions on Form 8949 (see instructions). You must check Box D, E, or F below. Check only one box. If more than one box applies for your long-term transactions, complete a separate Form 8949, page 2, for each applicable box. If you have more long-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. O (D) Long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (E) Long-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS (F) Long-term transactions not reported to you on Form 1099-B Adjustment, if any, to gain or loss. If you enter an amount in column lall. (c) (d) Cost or other basis. enter a code in column) Gain or loss). Date sold or Proceeds See the Note belowl See the separate instructions. Description of property Date acquired Subtract column (e) (Example: 100 sh.XYZ Co.) disposed of sales price) and see Column (e) from column (d) and (Mo., day, yr.) Mo., day, yr) (see instructions) in the separate combine the result instructions Code(s) from Amount of with column (g) instructions adjustment (0) 6:09 PM Type here to search o - @ 9 e w ^ 1) 2014/2020 f8582.pdf B f8949.pdf x + V - X 5 f1040s1 (1).pdf o n of 2 lo f1040 (2).pdf f1040sse.pdf file:///C:/Users/betha/Downloads/18949.pdf E | 2 + Fit to page ID Page view Add notes F & A Read aloud instructions adjustment 2 Totals. Add the amounts in columns (d), (e), g), and (h) (subtract negative amounts). Enter each total here and include on your Schedule D, line 8b (if Box D above is checked), line 9 (if Box E above is checked), or line 10 (if Box F above is checked) Note: If you checked Box D above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. Form 8949 (2019) Type here to search o Bt - @ 9 2 w ^ (a aw 2019/2020