Skylar and Walter Black have been married for 25 years. They live at 580 Scrub Brush Street Apt. 528, Las Vegas, NV 89125. Skylara homemaker and Walter is a High school teacher. His W-2 form is located on the next tab. Skylar's Sodal Security number is 222-45.7690 and Walt's is 700-01-0002. Neither are age 65 or older. The Blacks provide all the support for Skylar's mother, Rebecca Bacin (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 30-22-8899), Ives with the Blacks in Las Vegas. Although Alton received Social Security benefits of $7,500 in 2015, 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. The originally paid $75,000 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 this 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 $12,000 Mortgage interest reported on Form 1098 Homeowners' association dues 8,600 5,200 Utilities 1.200 Maintenance 3,800 Depreciation (assume fully deprecated) 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. Tf an amount box does not require an entry or the answer is zero, enter "0". 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 582: If required, use the minus sign to enter a "loss as a negative number on the lines 1d, 4 and In 2018, Professor Patricia (Patty) Pat retired from the Palm Springs Culinary Arts Academy (PSCAA). She is a single taxpayer and is 62 years old. Patty lives at 98 Colander Street, Apt. 2060, Henderson, NV 89052. Professor Pate's Social Security number is 565-66-9378. In 2018, Patty had just a few months of salary from her previous job: Wages $9,800 450 Federal tax withheld State tax withheld Patty owns a rental condo located at 392 Spatula Way, Mount Charleston, NV 89124. The condo rented for 60 days of 2018 for $850 a month but a mold problem was discovered in the condo, her renters moved out, and she was unable to rent the apartment after the repairs (although she vigorously pursued new tenants). Patty actively manages the property herself. The following are the related expenses for the rental house: Real estate taxes Mortgage interest Insurance Depreciation (assume fully depreciated) Homeowners' Association dues Repairs Gardening $3,900 9,100 561 0 1,260 1,195 560 1,200 Advertising The condo was purchased on August 31, 1979. Professor Pat handles all rental activities (eg, rent collection, finding tenants, etc.) herself In 2018, Patty sold her beloved home for almost 30 years for $380,000 on February 27, 2018. Her basis in the home was $120,000 and she In 2018, Professor Patricia (Patty) Pat retired from the Palm Springs Culinary Arts Academy (PSCAA). She is a single taxpayer and is 62 years old. Patty lives at 98 Colander Street, Apt. 2060, Henderson, NV 89052. Professor Pate's Social Security number is 565-66-9378. In 2018, Patty had just a few months of salary from her previous job: Wages $9,800 450 Federal tax withheld State tax withheld Patty owns a rental condo located at 392 Spatula Way, Mount Charleston, NV 89124. The condo rented for 60 days of 2018 for $850 a month but a mold problem was discovered in the condo, her renters moved out, and she was unable to rent the apartment after the repairs (although she vigorously pursued new tenants). Patty actively manages the property herself. The following are the related expenses for the rental house: Real estate taxes Mortgage interest Insurance Depreciation (assume fully depreciated) Homeowners' Association dues Repairs Gardening $3,900 9,100 561 0 1,260 1,195 560 1,200 Advertising The condo was purchased on August 31, 1979. Professor Pat handles all rental activities (eg, rent collection, finding tenants, etc.) herself In 2018, Patty sold her beloved home for almost 30 years for $380,000 on February 27, 2018. Her basis in the home was $120,000 and she In 2018, Professor Patricia (Patty) Pt retired from the Palm Springs Culinary Arts Academy (PSCAA). She is a single taxpayer and is 62 years old. Patty lives at 98 Colander Street, Apt. 206D, Henderson, NV 89052. Professor Pate's Social Security number is 565-66-9378. In 2018, Patty had just a few months of salary from her previous job: Wages $9,800 Federal tax withheld 450 State tax withheld Patty owns a rental condo located at 392 Spatula Way, Mount Charleston, NV 89124. The condo rented for 60 days of 2018 for $850 a month but a mold problem was discovered in the condo, her renters moved out, and she was unable to rent the apartment after the repairs (although she vigorously pursued new tenants). Patty actively manages the property herself. The following are the related expenses for the rental house: Real estate taxes Mortgage interest $3,900 9,100 Insurance 561 Depreciation (assume fully depreciated) Homeowners' Association dues 1,260 1,195 Repairs Gardening 560 1,200 Advertising The condo was purchased on August 31, 1979. Professor Pat handles all rental activities (e.gy rent collection, finding tenants, etc.) herself. In 2018, Patty sold her beloved home for almost 30 years for $380,000 on February 27, 2018. Her basis in the home was $120,000 and she 4 Homework eBook Calculator Real estate taxes Mortgage interest $3,900 9,100 561 Insurance Depreciation (assume fully depreciated) Homeowners' Association dues Repairs 1,260 1,195 560 1,200 Gardening Advertising The condo was purchased on August 31, 1979. Professor Pt handles all rental activities (e.g., rent collection, finding tenants, etc.) herself In 2018, Patty sold her beloved home for almost 30 years for $380,000 on February 27, 2018. Her basis in the home was $120,000 and she acquired the home sometime in July of 1988 (she could not remember the day). Required: Complete Form 1040 and the schedules and forms provided for Patty. The taxpayer had health coverage for the entire year. The taxpayer does not want to make a contribution to the presidential election campaign. Do not complete Form 4562 for reporting depreciation. Make realistic assumptions about any missing data. If an amount box does not require an entry or the answer is zero, enter "0". If required, round amounts to the nearest dollar. Enter all amounts as positive numbers except for the following special instructions: If required, on Form 1040, line 17 and on Schedule E, on lines 21, 25, and 26, use the minus sign to indicate a loss. On Form 8582, if required, use the minus sign to enter a "loss" as a negative number on the lines 1d and 4. However, per the instructions on the tax return, enter all numbers in Part II as positive amounts. Skylar and Walter Black have been married for 25 years. They live at 580 Scrub Brush Street Apt. 528, Las Vegas, NV 89125. Skylara homemaker and Walter is a High school teacher. His W-2 form is located on the next tab. Skylar's Sodal Security number is 222-45.7690 and Walt's is 700-01-0002. Neither are age 65 or older. The Blacks provide all the support for Skylar's mother, Rebecca Bacin (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 30-22-8899), Ives with the Blacks in Las Vegas. Although Alton received Social Security benefits of $7,500 in 2015, 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. The originally paid $75,000 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 this 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 $12,000 Mortgage interest reported on Form 1098 Homeowners' association dues 8,600 5,200 Utilities 1.200 Maintenance 3,800 Depreciation (assume fully deprecated) 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. Tf an amount box does not require an entry or the answer is zero, enter "0". 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 582: If required, use the minus sign to enter a "loss as a negative number on the lines 1d, 4 and In 2018, Professor Patricia (Patty) Pat retired from the Palm Springs Culinary Arts Academy (PSCAA). She is a single taxpayer and is 62 years old. Patty lives at 98 Colander Street, Apt. 2060, Henderson, NV 89052. Professor Pate's Social Security number is 565-66-9378. In 2018, Patty had just a few months of salary from her previous job: Wages $9,800 450 Federal tax withheld State tax withheld Patty owns a rental condo located at 392 Spatula Way, Mount Charleston, NV 89124. The condo rented for 60 days of 2018 for $850 a month but a mold problem was discovered in the condo, her renters moved out, and she was unable to rent the apartment after the repairs (although she vigorously pursued new tenants). Patty actively manages the property herself. The following are the related expenses for the rental house: Real estate taxes Mortgage interest Insurance Depreciation (assume fully depreciated) Homeowners' Association dues Repairs Gardening $3,900 9,100 561 0 1,260 1,195 560 1,200 Advertising The condo was purchased on August 31, 1979. Professor Pat handles all rental activities (eg, rent collection, finding tenants, etc.) herself In 2018, Patty sold her beloved home for almost 30 years for $380,000 on February 27, 2018. Her basis in the home was $120,000 and she In 2018, Professor Patricia (Patty) Pat retired from the Palm Springs Culinary Arts Academy (PSCAA). She is a single taxpayer and is 62 years old. Patty lives at 98 Colander Street, Apt. 2060, Henderson, NV 89052. Professor Pate's Social Security number is 565-66-9378. In 2018, Patty had just a few months of salary from her previous job: Wages $9,800 450 Federal tax withheld State tax withheld Patty owns a rental condo located at 392 Spatula Way, Mount Charleston, NV 89124. The condo rented for 60 days of 2018 for $850 a month but a mold problem was discovered in the condo, her renters moved out, and she was unable to rent the apartment after the repairs (although she vigorously pursued new tenants). Patty actively manages the property herself. The following are the related expenses for the rental house: Real estate taxes Mortgage interest Insurance Depreciation (assume fully depreciated) Homeowners' Association dues Repairs Gardening $3,900 9,100 561 0 1,260 1,195 560 1,200 Advertising The condo was purchased on August 31, 1979. Professor Pat handles all rental activities (eg, rent collection, finding tenants, etc.) herself In 2018, Patty sold her beloved home for almost 30 years for $380,000 on February 27, 2018. Her basis in the home was $120,000 and she In 2018, Professor Patricia (Patty) Pt retired from the Palm Springs Culinary Arts Academy (PSCAA). She is a single taxpayer and is 62 years old. Patty lives at 98 Colander Street, Apt. 206D, Henderson, NV 89052. Professor Pate's Social Security number is 565-66-9378. In 2018, Patty had just a few months of salary from her previous job: Wages $9,800 Federal tax withheld 450 State tax withheld Patty owns a rental condo located at 392 Spatula Way, Mount Charleston, NV 89124. The condo rented for 60 days of 2018 for $850 a month but a mold problem was discovered in the condo, her renters moved out, and she was unable to rent the apartment after the repairs (although she vigorously pursued new tenants). Patty actively manages the property herself. The following are the related expenses for the rental house: Real estate taxes Mortgage interest $3,900 9,100 Insurance 561 Depreciation (assume fully depreciated) Homeowners' Association dues 1,260 1,195 Repairs Gardening 560 1,200 Advertising The condo was purchased on August 31, 1979. Professor Pat handles all rental activities (e.gy rent collection, finding tenants, etc.) herself. In 2018, Patty sold her beloved home for almost 30 years for $380,000 on February 27, 2018. Her basis in the home was $120,000 and she 4 Homework eBook Calculator Real estate taxes Mortgage interest $3,900 9,100 561 Insurance Depreciation (assume fully depreciated) Homeowners' Association dues Repairs 1,260 1,195 560 1,200 Gardening Advertising The condo was purchased on August 31, 1979. Professor Pt handles all rental activities (e.g., rent collection, finding tenants, etc.) herself In 2018, Patty sold her beloved home for almost 30 years for $380,000 on February 27, 2018. Her basis in the home was $120,000 and she acquired the home sometime in July of 1988 (she could not remember the day). Required: Complete Form 1040 and the schedules and forms provided for Patty. The taxpayer had health coverage for the entire year. The taxpayer does not want to make a contribution to the presidential election campaign. Do not complete Form 4562 for reporting depreciation. Make realistic assumptions about any missing data. If an amount box does not require an entry or the answer is zero, enter "0". If required, round amounts to the nearest dollar. Enter all amounts as positive numbers except for the following special instructions: If required, on Form 1040, line 17 and on Schedule E, on lines 21, 25, and 26, use the minus sign to indicate a loss. On Form 8582, if required, use the minus sign to enter a "loss" as a negative number on the lines 1d and 4. However, per the instructions on the tax return, enter all numbers in Part II as positive amounts