Question
Skylar and Walter Black have been married for 5 years. They live at 883 Scrub Brush Street, Apt. 52B, Las Vegas, NV 89125. Skylar is
Skylar and Walter Black have been married for 5 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 222437690 and Walt's is 700010002. Walts earnings from teaching are The Black incurred the following expenses during their move from Maine to Nevada in January of 2017 Cost of moving furniture $4775 Travel (2988 miles at $0.17) $508 Lodging en route $520 Meals en route $90 House- hunting trip before the move $750 The School district reimbursed Walter $550 for moving expenses. These are reflected on his W-2. Walter's previous job, as high school teacher in Maine, was only 5 miles from his home. Skylar was unemployed prior to the move. The Blacks own ski condo located at 123 Buncombe Lane, Brian Head, UT 84719. The condo was rented for 183 days during 2017 and used by the blacks for 17 days. Pertinent information about the condo rental is as follow: Rental income $16000 Mortgage interest reported on form 1098 $8600 Homeowners' association dues $5200 Utilities $1200 Maintenance 3800 Depreciation (Assume fully depreciated) $0 The above amount do not reflect any allocation between rental and personal use of the condo. The blacks are active managers of the condo. REQUIRED: Complete the federal tax return for 2017. Use form 1040, Schedule E, form 3903 and form 8582 (page 1 only)
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