Robert Ramos (age 36) is a single taxpayer, living at 8765 Bay Dr., Monterey, CA 93940. His Social Security number is 976-23-5132. Robert's earnings and income tax withholding as the manager of a local supermarket store for 2013 are:
Earnings .....................................................$68,000
Federal income tax withheld...............................14,800
State income tax withheld....................................2,300
Robert's other income includes qualifying dividends on Arizona Public Service stock of $3,600 and interest on a long-term certificate of deposits at Bank of America of $5,885.
During the year, Robert paid the following amounts (all of which can be substantiated):
Home mortgage interest .....................................................$10,500
Credit card interest ...............................................................550
Auto loan interest ...............................................................1,700
Life insurance (universal policy).................................................750
Property taxes on personal residence.........................................1,350
Blue Cross medical insurance premiums.......................................650
Other medical expenses..........................................................790
Income tax preparation fee......................................................250
Charitable contributions (in cash) .............................................550
In his spare time, Robert trades stocks and bonds. During the year, he sold several stocks and received a Form 1099-B, which showed the following:

Required:
Complete Robert's federal tax return for 2013. Use Form 1040, Schedule A, Schedule B, Schedule D, Form 8949, and the worksheet on Pages 8-57 to 8-65 to complete this tax return. Make realistic assumptions about any missing data.

Transcribed Image Text:

Stock Red Co. Green Co Blue Co White Co. Black Co 02/01/03 06/11/13 03/12/13 05/12/02 09/15/02 Sold 10/05/13 08/03/13 09/22/13 10/15/13 11/01/13 Price $6,000 4,000 6,000 8,000 6,000 Basis $2,500 4,500 5,200 5,000 7,000