There is a textbook solution for this on Chegg but it is not complete. It is missing the 2nd page of the form 1040, the schedule D and the Qualified Dividends and Capital Gains Tax worksheet - Line 44. I also believe that the partial solution provided is missing the $100 tax refund. Any additional help would be great.

Other information that was given is this: For Line 44 of the Form 1040, use the 2014 Tax Tables located starting on Page T-2 at the end of the text. The Form 8949 (not required to billed out as part of the assignment) was prepared assuming that the taxpayer received a Form 1099-B but the basis was not reported to the IRS. This effects the preparation of the Schedule D.

Spencer Duck is single and his eight-year-old son, Mitch, lives with him nine months of the year in a rented condo in Ames, Iowa. Mitch lives with his mother, Spencer's ex-wife, during the summer months. His mother provides more than half of Mitch's support and Spencer has agreed to allow her to claim Mitch as her dependent. Spencer has a salary of $39,000 and itemized deductions of $4000. Taxes withheld during the year at to $3221. On July 14 of the current year, he sold the following assets:

- Spencer received a K-1 from a partnership indicating that his share of the partnership STCL is $200.

- Land was sold for $35,000. The land was received as a property settlement on January 10,2001, when the land's FMV amounted to $30,000. His ex-wife's basis for the land, purchased on January 10, 1991 was $18,600.

- A personal-use computer acquired on March 2 last year for $4000 was sold for $2480.

- A membership card for a prestigious country club was sold for $8500. The card was acquired on October 10,1993, for $6000.

- Marketable securities held as an investment were sold for $20,000. The securities were inherited from his uncle, who died on March 10 of the current year when FMV of the securites was $21,000. The uncle purchased the securities on May 10, 1990, for $10,700.

In addition to the above sales, Spencer received a $100 refund of state income taxes paid last year. Spencer used the standard decudction last year to compute his tax liability. Pepare Form 1040 and Schedule D for the current year.