Which tax forms do I need for this scenario and how do I fill how those forms?

CAO They purchased 100 shares Pfizer stock April 12 this year for $8.500, and it was worth $11.334 on December 31 this year. They still have the Pfizer stock. (HINT: the directions for 8948 are in the Instructions for Form 8949) Schad According to the K-1 from Samantha's father's estate, Samantha received $3,000 of passive income from her father's estate (John Wormwood Estate) November 1. According to a K-1 from the partnership, Samantha also received her proportionate share of a loss from the Screwtane LP. I a limited partnership interest she inherited from her father in the amount of ($2.500 passive loss. Do not worry about the form 8582. The limited partnership will provide you with Samantha bought one scratch-off game this year, and it paid out $50,000 (but $10,000 was withheld for federal taxes, and $1,000 withheld for state taxes), Darren is self-employed, and has been in business for 4 years. He is a marketing consultant, code 541910, "Darren Stevens Consulting". He uses the cash method of accounting. During the current year, Darren recorded the following items of income: Revenue from clients $300,225 The following expenses were recorded on the office books. The office is located at 400 Tobacco Pocket, Urbana MN 56667 Malpractice and casualty/renter's insurance Long distance/cell phone internet/cable Office staff salaries, gross 37.500 600 51,000 Employer's share of FICA 3,902 Employees' share of FICA 3,902 Employee's Fed W/H on staff salaries 5.100 Employee's State W/H on staff salaries Office Rent payments Office magazine subscriptions Office supplies Marketing journals Uncollectible receivables written off Freelance artists Legal and other services 1,500 15,000 150 24,000 330 2,500 32.000 12,000 es Darren filed all appropriate 1099s and W-2s. Darren does not provide any health insurance for his employees, nor does he have a health insurance plan through his business. Samantha owns and operates a barley and hop farm on the outskirts of town. Her Crop production activity code is 111900. She has no employees and does all the work herself. She is not required to file and 1099s. These commodities have risen in price as a result of the demand by Granite City Food and Brew, so they sell every last ounce every fall, then buy seed and shoots for planting in the spring. She has been profitable for 3 years running. The seed and shoots cost $500 for the year, and they sold produce for S10,600 plus $550 of honey this year. They also have the following expenses: fertilizer $1,100, electricity S770, insurance $235, equipment repairs $960, fumigation services $1,200, 51,000 property taxes (already mentioned) and $3,600 custom hired help during harvest. She has $125 of ACRS depreciation and S262 of MACRS depreciation this year for equipment placed in service in previous years. TIP: use form 4562 page 1 to report this depreciation Darren owns a building (at 200 Tobacco Road, Urbana, MN)rents it out under a commercial Icase for the whole year, for part of the building. The commercial tenant pays its own share of maintenance and utilities. The tenant pays Darren S2.400 per month for the space. The chant also paid Darren S1.125 in October for the tenant's share of taxes. Darren's property taxes for the whole rental building is $3,500 (already mentioned) but Darren has not rented out the whole building. Most of the building is unoccupied. Darren has been trying to rent it out since then. by listing it, advertising it and by signage. The utilities and phone to the 1600 square feet are separately metered, so the tenant pays those amounts directly to Charter and Xcel. The tenant is responsible for its own janitorial and maintenance fees. According to your depreciation schedules, this year's depreciation is $7,692 MACRS. Use form 4562 page 1 to properly report the depreciation. Darren's additional rental expenses are: Mortgage interest Utilities Maintenance and janitorial Insurance 10,000 3.750 3.000 1,000 He filed all required 1099s. Don't worry about Alternative Minimum Tax CAO They purchased 100 shares Pfizer stock April 12 this year for $8.500, and it was worth $11.334 on December 31 this year. They still have the Pfizer stock. (HINT: the directions for 8948 are in the Instructions for Form 8949) Schad According to the K-1 from Samantha's father's estate, Samantha received $3,000 of passive income from her father's estate (John Wormwood Estate) November 1. According to a K-1 from the partnership, Samantha also received her proportionate share of a loss from the Screwtane LP. I a limited partnership interest she inherited from her father in the amount of ($2.500 passive loss. Do not worry about the form 8582. The limited partnership will provide you with Samantha bought one scratch-off game this year, and it paid out $50,000 (but $10,000 was withheld for federal taxes, and $1,000 withheld for state taxes), Darren is self-employed, and has been in business for 4 years. He is a marketing consultant, code 541910, "Darren Stevens Consulting". He uses the cash method of accounting. During the current year, Darren recorded the following items of income: Revenue from clients $300,225 The following expenses were recorded on the office books. The office is located at 400 Tobacco Pocket, Urbana MN 56667 Malpractice and casualty/renter's insurance Long distance/cell phone internet/cable Office staff salaries, gross 37.500 600 51,000 Employer's share of FICA 3,902 Employees' share of FICA 3,902 Employee's Fed W/H on staff salaries 5.100 Employee's State W/H on staff salaries Office Rent payments Office magazine subscriptions Office supplies Marketing journals Uncollectible receivables written off Freelance artists Legal and other services 1,500 15,000 150 24,000 330 2,500 32.000 12,000 es Darren filed all appropriate 1099s and W-2s. Darren does not provide any health insurance for his employees, nor does he have a health insurance plan through his business. Samantha owns and operates a barley and hop farm on the outskirts of town. Her Crop production activity code is 111900. She has no employees and does all the work herself. She is not required to file and 1099s. These commodities have risen in price as a result of the demand by Granite City Food and Brew, so they sell every last ounce every fall, then buy seed and shoots for planting in the spring. She has been profitable for 3 years running. The seed and shoots cost $500 for the year, and they sold produce for S10,600 plus $550 of honey this year. They also have the following expenses: fertilizer $1,100, electricity S770, insurance $235, equipment repairs $960, fumigation services $1,200, 51,000 property taxes (already mentioned) and $3,600 custom hired help during harvest. She has $125 of ACRS depreciation and S262 of MACRS depreciation this year for equipment placed in service in previous years. TIP: use form 4562 page 1 to report this depreciation Darren owns a building (at 200 Tobacco Road, Urbana, MN)rents it out under a commercial Icase for the whole year, for part of the building. The commercial tenant pays its own share of maintenance and utilities. The tenant pays Darren S2.400 per month for the space. The chant also paid Darren S1.125 in October for the tenant's share of taxes. Darren's property taxes for the whole rental building is $3,500 (already mentioned) but Darren has not rented out the whole building. Most of the building is unoccupied. Darren has been trying to rent it out since then. by listing it, advertising it and by signage. The utilities and phone to the 1600 square feet are separately metered, so the tenant pays those amounts directly to Charter and Xcel. The tenant is responsible for its own janitorial and maintenance fees. According to your depreciation schedules, this year's depreciation is $7,692 MACRS. Use form 4562 page 1 to properly report the depreciation. Darren's additional rental expenses are: Mortgage interest Utilities Maintenance and janitorial Insurance 10,000 3.750 3.000 1,000 He filed all required 1099s. Don't worry about Alternative Minimum Tax