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your boss wants you to prepare forms 8949 for Christina Hunter. Facts: Christina is a 30-year old single woman who works full time as a

your boss wants you to prepare forms 8949 for Christina Hunter.

Facts: Christina is a 30-year old single woman who works full time as a hair stylist and part time as the hair stylist at a local theater company. No one else can claim Christina as a dependent. For last year, she had the following information:

Taxpayer

Christina Hunter

123 Candy Land Lane

Cantonment, FL33400

Social Security No.

123-45-6789

INCOME:

W-2 from 1st employer

Gross wages income:

$13,164

Federal Withholding

921

W-2 from 2d employer

Gross wages:

50,000

Federal withholding

9,500

Interest income from bank

132

Interest income from brokerage firm

2,100

Ordinary "qualified" dividends from large U.S. corporation

3,000

She sold the following assets during last year:

1,000 shares of General Motors stock originally purchased January 1, 2010 for $10,000 and sold July 1 of last year for:

16,000

500 shares of Facebook stock originally purchased February 1 of last year for $8,000 and sold August 1 of last year for:

6,000

Car on Craigslist originally purchased July 13, 20X7, for $25,000 and sold October 1 of last year for:

9,000

Her fishing boat, originally purchased July 1, 20X7 for $3,000 and sold November 1 of last year for:

4,000

POSSIBLE DEDUCTIONS

Mortgage interest paid

6,700

State and local income taxes paid

1,400

Charitable contributions to a 501(c)(3) charity

1,800

Casualty loss, her storage shed was destroyed in a hurricane, in a federally certified disaster area. Cost and fair market value were both:

9,000

Insurance pay out for the shed:

3,000

Property taxes on her home:

2,600

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