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 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 2018, the Blacks provide over half of Altons support. Walts earnings from teaching are:

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 Blacks received the following 1099-DIV from their mutual fund investments:

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	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 2018. Use Form 1040, Schedule 1, Schedule D, Form 8949, Schedule E, Form 8582 (page one only) and the Qualified Dividends and Capital Gain Worksheet to complete their tax return.

Comprehensive Problems 4 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 Walt is a high school teacher. 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. Walt's earnings from teaching are: 700-01-0002 Employer is that number 31-1238967 | 6 Implyethra tes, r 2 o Las Vegas School District 2234 Vegas Valley Drive Las Vegas, NV 89169 Bewerte. Viti wbt CMB No 1545.000 FASTI e file here 50,900.00 4.320.00 Sey 50,900.00 3,155.80 Medicar wages and 1 Medicar tax withihat 50,900.00 738.05 Social secunya Alpe & Control number Vuosion code 10 Dependent can be . Employee's formed intial Su 11 Nenquad plans 11 Bendructions for box 12 DD 7,800.00 To Last name Walter Black 883 Scrub Brush Street, Apt # 52B Las Vegas, NV 89125 14 Cher 10 100 Employer's and P code 15 Employers at number NV 18 State Waal, 10 Locaust 10 Games .W-2 Ware and Tax 2018 Department of the Treaty-Intumel wara terve Form Copy B-To Be Filed with Employee's FEDERAL Tax Return This normation is being furnished to the Internal Revenue Service 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 Blacks received the following 1099-DIV from their mutual fund investments: CORRECTED (if checked PAYER'S name, strout address, city or towa, tato or province, country. ZIP ta Total ordrery dividinde OGNO 1545-0110 or forvig postal code, and alphone 1,400.00 Cyber Funds Equities Fund 2018 Dividends and to Qualified dividends Distributions 41 Wall Street New York, NY 10005 $ 998.00 Form 1090-DIV ja Total capital Ucapes gan $ 6,543.12 Copy B $ PAYERS TO RECHENT STIN Columbus ilgain For Recipient 17-1234326 222-43-7690 $ RECIPIENTS rume Nondividerd dirbti This is important Skylar B. Black $ information and in 5 Section 19 didende 10 Domhed Erat addresindeling apk.no $ has you required to fillua 883 Scrub Brush Street #52B Foron tax paid For wurdone penalty or other sancon maybe City or town, state or province, coutry, and Por foreign portal code $ the income ble Las Vegas, NV 89125 9 Cash liquidation distribution 10 Noch indian and this $ $ delines that FATCA ing Examprintere dividendo 12 Spoofed private not be reported requirement bond interest divends $ Account Number Petruction See M15 State to withhold mposed seydei Farm 1000-DIV koop for your recordo) www.repovForm IV Departement to Treasury - Internal Revenue Serice 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 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 Black's federal tax return for 2018. Use Form 1040, Schedule 1, Schedule D, Form 8949, Schedule E, Form 8582 (page one only) and the Qualified Dividends and Capital Gain Worksheet to complete their tax return. we file Vist the IRS website at www.ers.gowa Employees OC Cerky number 700-01-0002 b Employer identification number 31-1238967 Employer's name, address, and IP code Las Vegas School District 2234 Vegas Valley Drive Las Vegas, NV 89169 Sate, accurate, CMB No. 1545-0009 FASTI Use MyHunter 50,900.00 Sociocully wages 50,900.00 5 Medicare wages and tips 50,900.00 7 social security tips 2 POLE W 4,320.00 4 social security tax Wid 3,155.80 6 Medicare tax withhold 738.05 8 Alocated tips d Control number 9 Varnication code 10 Dependent care benefits Sutt. 11 Nonqualled plans 12a See Instructions for box 12 DD 7,800.00 . Employee's first name and in al Last name Walter Black 883 Scrub Brush Street, Apt # 52B Las Vegas, NV 89125 TARPET Il pay 12b pl 14 other 120 12d f Employed's address and ZIP code 15 Si Employer's state D number 16 State wagus, tips, etc. 17 State income tax 18 Local wages, 1ps, etc. 10 Local income tax 20 Locality name NV. Department of the Treasury-Intemal Revue Service 2018 Wage and Tax Statement Copy B-To Be Filed With Employee's FEDERAL Tax Return. This hommation is being furnished to the Intemal Revenue Service. W-2 Form 2018 CORRECTED (if checked) PAYER'S name, stroot address, city or town, state or province, county, ZIP 1a Total ordinary dividende OMB No 1546-0110 or foreign postal code, and telephone no. $ 1,400.00 Dividends and Cyber Funds Equities Fund 1b Qualified dividends Distributions 41 Wall Street New York, NY 10005 $ 998.00 Form 1099-DIV 2a Total capital gain dist. 2b Unrecap. Soc. 1250 gain $ 6,543.12 Copy B PAYER'S TIN RECFIENT'S TIN 20 Section 1200 gain 2d Collectibles (26) gain For Recipient 17-1234326 222-43-7690 $ $ FECIPIENT'Sramo 3 Nondividend distributions 4 Federal income tax withheld This is important tax Skylar B. Black $ $ information and is 5 Section 198A dividends 6 weatment expertos being furnished to Stroot address (including apt. no.) the IRS. If you are $ $ required to file a 883 Scrub Brush Street #52B 7 Foreign tax paid Foreign country or US. poression retum, a negligence penaly or other sanction may be City or town, state or province, country, and AP or foreign postal code $ imposed on you this income istakable Las Vegas, NV 89125 9 Cash liquidation distributions 10 Noncash liquidation distibutions and the IRS $ $ determines that it has not been reported FATCA filing 11 Exempt-interest dividends 12 Specified private activity requirement bond interest dividends $ $ Account number (see retructions 13 State 14 Stataldarition no. 15 State tax withhold $ $ Form 1099-DIV (keep for your records) www.rs.gowForm10ss IV Department of the Treasury - Internal Revenue Service Comprehensive Problems 4 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 Walt is a high school teacher. 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. Walt's earnings from teaching are: 700-01-0002 Employer is that number 31-1238967 | 6 Implyethra tes, r 2 o Las Vegas School District 2234 Vegas Valley Drive Las Vegas, NV 89169 Bewerte. Viti wbt CMB No 1545.000 FASTI e file here 50,900.00 4.320.00 Sey 50,900.00 3,155.80 Medicar wages and 1 Medicar tax withihat 50,900.00 738.05 Social secunya Alpe & Control number Vuosion code 10 Dependent can be . Employee's formed intial Su 11 Nenquad plans 11 Bendructions for box 12 DD 7,800.00 To Last name Walter Black 883 Scrub Brush Street, Apt # 52B Las Vegas, NV 89125 14 Cher 10 100 Employer's and P code 15 Employers at number NV 18 State Waal, 10 Locaust 10 Games .W-2 Ware and Tax 2018 Department of the Treaty-Intumel wara terve Form Copy B-To Be Filed with Employee's FEDERAL Tax Return This normation is being furnished to the Internal Revenue Service 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 Blacks received the following 1099-DIV from their mutual fund investments: CORRECTED (if checked PAYER'S name, strout address, city or towa, tato or province, country. ZIP ta Total ordrery dividinde OGNO 1545-0110 or forvig postal code, and alphone 1,400.00 Cyber Funds Equities Fund 2018 Dividends and to Qualified dividends Distributions 41 Wall Street New York, NY 10005 $ 998.00 Form 1090-DIV ja Total capital Ucapes gan $ 6,543.12 Copy B $ PAYERS TO RECHENT STIN Columbus ilgain For Recipient 17-1234326 222-43-7690 $ RECIPIENTS rume Nondividerd dirbti This is important Skylar B. Black $ information and in 5 Section 19 didende 10 Domhed Erat addresindeling apk.no $ has you required to fillua 883 Scrub Brush Street #52B Foron tax paid For wurdone penalty or other sancon maybe City or town, state or province, coutry, and Por foreign portal code $ the income ble Las Vegas, NV 89125 9 Cash liquidation distribution 10 Noch indian and this $ $ delines that FATCA ing Examprintere dividendo 12 Spoofed private not be reported requirement bond interest divends $ Account Number Petruction See M15 State to withhold mposed seydei Farm 1000-DIV koop for your recordo) www.repovForm IV Departement to Treasury - Internal Revenue Serice 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 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 Black's federal tax return for 2018. Use Form 1040, Schedule 1, Schedule D, Form 8949, Schedule E, Form 8582 (page one only) and the Qualified Dividends and Capital Gain Worksheet to complete their tax return. we file Vist the IRS website at www.ers.gowa Employees OC Cerky number 700-01-0002 b Employer identification number 31-1238967 Employer's name, address, and IP code Las Vegas School District 2234 Vegas Valley Drive Las Vegas, NV 89169 Sate, accurate, CMB No. 1545-0009 FASTI Use MyHunter 50,900.00 Sociocully wages 50,900.00 5 Medicare wages and tips 50,900.00 7 social security tips 2 POLE W 4,320.00 4 social security tax Wid 3,155.80 6 Medicare tax withhold 738.05 8 Alocated tips d Control number 9 Varnication code 10 Dependent care benefits Sutt. 11 Nonqualled plans 12a See Instructions for box 12 DD 7,800.00 . Employee's first name and in al Last name Walter Black 883 Scrub Brush Street, Apt # 52B Las Vegas, NV 89125 TARPET Il pay 12b pl 14 other 120 12d f Employed's address and ZIP code 15 Si Employer's state D number 16 State wagus, tips, etc. 17 State income tax 18 Local wages, 1ps, etc. 10 Local income tax 20 Locality name NV. Department of the Treasury-Intemal Revue Service 2018 Wage and Tax Statement Copy B-To Be Filed With Employee's FEDERAL Tax Return. This hommation is being furnished to the Intemal Revenue Service. W-2 Form 2018 CORRECTED (if checked) PAYER'S name, stroot address, city or town, state or province, county, ZIP 1a Total ordinary dividende OMB No 1546-0110 or foreign postal code, and telephone no. $ 1,400.00 Dividends and Cyber Funds Equities Fund 1b Qualified dividends Distributions 41 Wall Street New York, NY 10005 $ 998.00 Form 1099-DIV 2a Total capital gain dist. 2b Unrecap. Soc. 1250 gain $ 6,543.12 Copy B PAYER'S TIN RECFIENT'S TIN 20 Section 1200 gain 2d Collectibles (26) gain For Recipient 17-1234326 222-43-7690 $ $ FECIPIENT'Sramo 3 Nondividend distributions 4 Federal income tax withheld This is important tax Skylar B. Black $ $ information and is 5 Section 198A dividends 6 weatment expertos being furnished to Stroot address (including apt. no.) the IRS. If you are $ $ required to file a 883 Scrub Brush Street #52B 7 Foreign tax paid Foreign country or US. poression retum, a negligence penaly or other sanction may be City or town, state or province, country, and AP or foreign postal code $ imposed on you this income istakable Las Vegas, NV 89125 9 Cash liquidation distributions 10 Noncash liquidation distibutions and the IRS $ $ determines that it has not been reported FATCA filing 11 Exempt-interest dividends 12 Specified private activity requirement bond interest dividends $ $ Account number (see retructions 13 State 14 Stataldarition no. 15 State tax withhold $ $ Form 1099-DIV (keep for your records) www.rs.gowForm10ss IV Department of the Treasury - Internal Revenue Service