The Schnappaufs receive Form 1099-B (Exhibit A-15) from Pebble Beach Investors for the sale of several securities. Details on the securities sales are provided below. The selling price listed is net of brokerage commissions and represents the amount the Schnappaufs actually receive from the sale. On May 18, 2015, Joyce purchases a computer system for $2, 700. She also buys a color printer/copier/fax machine for $450. All the equipment is used exclusively in her business. On June 12, 2015, Joyce sells her old computer system the $300 and her printer for $75. She had acquired the computer system and printer on February 18, 2012, for $2, 800 and $425, respectively. When the Schnappaufs prepared their 2012 tax return, they elected to expense the computer and printer using Section 179. The computer system and the printer were used exclusively in her business. Joyce receives a Schedule K-1 (Exhibit A-16) for her interest in the furniture restoration business. Other information: The rental property in Lake Tahoe is located at 100 Paraiso Drive, South Lake Tahoe (88197). The Schnappaufs receive Form 1099-B (Exhibit A-15) from Pebble Beach Investors for the sale of several securities. Details on the securities sales are provided below. The selling price listed is net of brokerage commissions and represents the amount the Schnappaufs actually receive from the sale. On May 18, 2015, Joyce purchases a computer system for $2, 700. She also buys a color printer/copier/fax machine for $450. All the equipment is used exclusively in her business. On June 12, 2015, Joyce sells her old computer system the $300 and her printer for $75. She had acquired the computer system and printer on February 18, 2012, for $2, 800 and $425, respectively. When the Schnappaufs prepared their 2012 tax return, they elected to expense the computer and printer using Section 179. The computer system and the printer were used exclusively in her business. Joyce receives a Schedule K-1 (Exhibit A-16) for her interest in the furniture restoration business. Other information: The rental property in Lake Tahoe is located at 100 Paraiso Drive, South Lake Tahoe (88197)