Question
Thomas and Dolores Mills are married and have two children, Amy and Patty. They lived in Dallas Texas through July. They sold their home (for
Thomas and Dolores Mills are married and have two children, Amy and Patty. They lived in Dallas Texas through July. They sold their home (for a loss) on August 1, they changed their domicile to Lansing Michigan.
Income items for the Mills family:while domiciled in Texas. Wages for Thomas in Texas $45000, Interest for Thomas $500. ordinary dividends for (Dolores's inheritance $2300.) unemployment for Thomas $2600
Income while domiciled in Michigan (Assume that no community funds went with them to Michigan) Wages for Thomas.$27500. Ordinary nonqualfiled dividends for Dolres $1300.
The Mills will file separate federal income tax returns. What amount of wages and unemployment will Thomas report on his Form 1040?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started