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(solve the equation 82) using the Form 1040 to plot answers 82. Christina Ruiz provides you with the following information regarding her in ment income.
(solve the equation 82) using the Form 1040 to plot answers
82. Christina Ruiz provides you with the following information regarding her in ment income. Interest received: Cavendar State Bank checking account S 43 Federal Employee's Credit Union 881 City of Singapore bonds 990 New Jersey Urban Development bonds 382 Dividends received: Ford Motor Company S120 New Core preferred stock 220 Northwestern Publishing Inc. 400 In addition, Northwestern Publishing Inc, issued a 5 percent stock dividend on August 15. Christina received 25 dividend shares, which were trading at $23 per share! on August 15. Prepare Christina's Schedule B. Her Social Security number is 568-33. 2541. Forms and instructions can be downloaded from the IRS website (www.jrs.com SCHEDULEB Form or 1040-SRI Interest and Ordinary Dividends Go to www.is.gov/Schedule for inst Attach to Form 1040 or e latest information 2019 Part 1 name of payer. If any interests from a sellerinaer ed the property as a personal residence, the est first. Also, show that buyer's social security number and Interest statement from shown on that 2 Add the amounts on line 1... 3 Excludable interest on series EE and I U.S. savings bonds issued wer 1989 Attach Form 8815. ... ( 4) Subtract line 3 from line 2. Enter the result here and on Form 1040 or 1040-SR line 26 Note: If line 4 is over $1,500, you must complete Part II List name of payer Part II Ordinary Dividends (See Instructions and the instructions for 1040-SR Iine 3b.) Note: you FC statement from a brokerage firm, list the firm's name as the payer and enter the ordinary dividends shown Add the amounts on line 5. Enter the total here and on Form 1040 or 1040-SR, on that form. line 3b . . . Note: If line 6 is over $1,500, you must complete Part III. Part III You must complete this part of you (a) had over $1,500 of taxable interest or ordinary dividends; (b) had a Yes NO foreign account; or (c) received a distribution from, or were a grantor of, or a transferor to a foreign trust Foreign 7 At any time during 2019, did you have a financial interest in or signature authority over a financial Accounts account (such as a bank account, securities account, or brokerage account) located in a foreign nd Trusts country? See instructions . . . . . . . . . . . . . . . . . . . . . . Yes are you required to file FinCEN Form 114, Report of Foreion Bank and Financial ution: Accounts (FBAR), to report that financial interest or signature authority See FinCEN Form 114 Quired, failure file FinCEN and its instructions for filing requirements and exceptions to those requirements. mm 114 may h o u are required to file FinCEN Form 114, enter the name of the foreign country where the ultin financial account is located alles. See During 2019, did you receive a distribution from, or were you the grantor of, or transfer to ructions. foreign trust? If "Yes, you may have to file Form 3520. See instructions. Paperwork Reduction Act Notice, see your tax return instructions, Cut. No. 17146N Schedule B Form 1040 or 1040-SR) Schedule B Form Step by Step Solution
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