John Fuji (birthdate June 6, 1979) moved from California to Washington in December 2015. He lives at

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John Fuji (birthdate June 6, 1979) moved from California to Washington in December 2015. He lives at 468 Cameo Street, Yakima, WA 98901. John’s Social Security number is 571-78-5974 and he is single. His earnings and income tax withholding for 2016 for his job as a manager at a Washington apple-processing plant are:

John’s other income includes interest on a Certificate of Deposit at Braeburn National Bank of $1,297. Also, he paid $615 per month alimony to his ex-wife (Dora Fuji, Social Security number 573-79-6075).

During 2016, John paid the following amounts (all of which can be substantiated):

In July 2016, someone broke into John’s house and stole a coin collection. The collection had a fair market value of $11,400 and a tax basis to John of $4,660. The collection was uninsured.

Required: Complete John’s federal tax return for 2016. Use Form 1040, Schedule A, Schedule B, and Form 4684, on Pages 5-53 through 5-57 to complete this tax return. Make realistic assumptions about any missing data.

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Income Tax Fundamentals 2017

ISBN: 9781305872738

35th Edition

Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller

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