1. The following additional information is available for the family of Albert and Allison Gaytor.

In 2016, Albert received a Form W-2 from his employer, Coconut Grove Fishing Charters, Inc.:

In addition to the interest from Chapter 1, Albert and Allison also received three Form 1099s:

The Gaytors also received qualified dividends of $500 from Florida Sugar Corp. and interest of $725 from bonds issued by the Miami-Dade County Airport Authority (Form 1099s not shown).

Albert went to the casino on his birthday and won big, as reflected on the following Form W-2G:

Albert had no other gambling income or losses for the year.

In February, Allison received $50,000 in life insurance proceeds from the death of her friend, Sharon.

In July, Albert’s uncle Ivan died and left him real estate (undeveloped land) worth $72,000.

Five years ago, Albert and Allison divorced. Albert married Iris, but the marriage did not work out and they divorced a year later. Under the divorce decree, Albert pays Iris $11,400 per year in alimony. All payments were on time in 2016 and Iris’ Social Security number is 667-34-9224. Three years ago, Albert and Allison were remarried.

Coconut Fishing Charters, Inc. pays Albert’s captain’s license fees and membership dues to the Charter Fisherman’s Association. During 2016, Coconut Fishing paid $1,300 for such dues and fees for Albert.

Allison was laid off from her job on January 2, 2016. For 2016, she received a Form 1099-G for unemployment benefits:

Albert and his family are covered by an employee-sponsored health plan at his work. Coconut Fishing pays $700 per month in premiums for Albert and his family. During the year, Allison was in the hospital for appendix surgery. The bill for the surgery was $10,100 of which the health insurance reimbursed Albert the full $10,100.

Coconut Fishing also pays for Albert’s parking at the marina. The monthly cost is $120.

Required: Combine this new informatiovn about the Gaytor family with the information from Chapter 1 and complete a revised 2016 tax return for Albert and Allison. Be sure to save your data input files since this case will be expanded with more tax information in later chapters.