Taxpayer Information:

Name: Bryan Jones

Address: 1200 Main St.

Green Bay, Wisconsin 12345

DOB: 5/6/1976

Filing Status: Single

SSN: 500-10-2000

Occupation: Staff Accountant

INCOME INFORMATION:

Wages and Compensation

The following information is taken from Bryan Jones 2017 Form W-2 Wage and Tax Statement:

Box 1 Wages, tips, and other compensation	52,000
Box 2 Federal Withholding	8,750
Box 17 State Income Tax Withholding	1,000

Interest and Dividends

Bryan has some Certificates of Deposits are Main Street bank which yielded 3,750 in interest in

2017. In addition, Bryan has interest income from municipal bonds in the amount of 1,250.

Also, Bryan received $2100 in qualified dividends from Plum Electronic Co.

Profit/Loss from Business

Bryan has a part-time accounting services business. In 2017, his income and expenses are as f follows:

Service Revenue 7,000

Office Expense 500

Advertising 750

Capital Gains

Bryan had the following stock transactions in 2017:

He sold 1,000 shares of Apex Co. for $ 12,000 on June 7, 2016, which he purchased on April 1, 2014 for 25,000. In addition, he sold 750 shares of Velocity Inc. for $10,000 on September 1, 2016, which he purchased on December 1, 2015 for $5,000.

Rental Real Estate

Bryan owns a rent house which he purchased on July 1, 2014. The income and expenses of the rental real estate unit for 2017 are as follows:

Rental income $12,000

Property taxes $1,500

Depreciation $1,000

Repairs and Maintenance $750

Insurance $2,000

Other Transactions in 2017

1. Bryan received a gift of $4,000 from his brother.

2. Bryan paid $3,000 for the year in alimony to his ex-wife, per divorce decree.

3. Bryan had gambling winnings of $1,000.

4. Bryan was the beneficiary of his mothers life insurance policy.

His mother died in 2017 and he received $50,000 under this policy.

With the information above please fill out Bryan Jones' form 1040 in the picture

31 32 Dependents on 6c not ontered 34 d. Total number of Exemptions Claimed Add numbers on ines abov 7 8a Wages, salaries, tips, etc Attach Forms (W-2) Taxable interest Attach Schedule B if required 36 37 Attach Forms) 38 W-2 here. Also 39 attach Forms(s) 40 W-2 and 1099-R 41 if tax was withheld. 42 43 f you did not 44 getaw-2 45 soe instructions bTax-exempt interest Do not indude on line Ba Ordinary dividonds. Attach Schedulo B if requirad Qualified dividends 10 Taxable refunds, cradits, or offsets state or Iccal income texes 11 12 13 10 Alimany received Business income or fioss) Attach Schedue C or C-Ez Capitai gain or (loss) Attach Schedue D it required If not required, check here Other gains (losses) Attach Form 4797 12 15a IRA distributions 16 Pensions and anuites 15 15e b Taxable amount b Taxable amount 15b 47 48. 49 S0 Rentai real estate, royaities, partnerships S corporations, trusts, etc. Attach Schedule E 18 Ferm inecame lis) ach SctealoF 19 Unempayment compensation 20 Scial secur ity bencfts 21 thr income List type and amount b Taxable amcunt 52 53 Adjusted 54 Gross 55 income 56 57 58 59 60 61 62 63 64 65 combine the amounts in the far rignt column for lines 7 through 21. Ths is you This is your total income 23 duator expenses basis govemment Attack Fomm 2106 or 2 06-EA 24 25 Health-savings account deduction. Atach Form 888925 26 Moving Expensos. Attach Form 3903 27 Deductible part of solf amployment tax. Altach Schodule SE 28 Self-employed SEP, SIMPLE. and qualified plans 29 Self-amplayad health insurance doduction 30 Penaity on early withdrawai cf savings 31a Alimony paid b. Recipient s ss 26 31a IRA deduction 32 33 Student loan inter est deduction 34 Tuition and fees. Attach Form 8917 35 Donestic poducion activities doduction. Alach Fonn 890 36 Add lines 23 through 35 37 Subiract line 36 from line 22. This is your adjusted gross income 1s 67 68 69 70 71