The Blacks moved from Maine to Nevada. As a result, they sold their house in Maine on

Skylar and Walter Black have been married for 25 years. They live at 883 Scrub Brush Street, Apt. 52B, Las Vegas, NV 89125. Skylar is a homemaker and Walt is a high school teacher. Skylar’s Social Security number is 222-43-7690 and Walt’s is 700-01-0002. Neither are age 65 or older. The Blacks provide all the support for Skylar’s mother, Rebecca Backin (Social Security number 411-66-2121), who lives in a nursing home in Reno, NV and has no income. Walter’s father, Alton Black (Social Security number 343- 22-8899), lives with the Blacks in Las Vegas. Although Alton received Social Security benefits of $7,600 in 2018, the Blacks provide over half of Alton’s support. Walt’s earnings from teaching are: 

The Blacks moved from Maine to Nevada. As a result, they sold their house in Maine on January 4, 2018. They originally paid $76,000 for the home on July 3, 1993, but managed to sell it for $604,000. They spent $13,000 on improvements over the years. They are currently renting in Las Vegas while they look for a new home. 

The Blacks received the following 1099-DIV from their mutual fund investments: 

The Blacks own a ski condo located at 123 Buncombe Lane, Brian Head, UT 84719. The condo was rented for 184 days during 2018 and used by the Blacks for 16 days. Pertinent information about the condo rental is as follows: 

Rental income.................... $12,000 

Mortgage interest reported on Form.................... 1098 8,600 Homeowners’ association dues.................... 5,200 

Utilities.................... 1,200 

Maintenance ....................3,800 

Depreciation (assume fully depreciated).................... 0

The above amounts do not reflect any allocation between rental and personal use of the condo. The Blacks are active managers of the condo. 

Required:

Complete the Black’s federal tax return for 2018. Use Form 1040, Schedule 1, Schedule D, Form 8949, Schedule E, Form 8582 (page one only) and the Qualified Dividends and Capital Gain Tax Worksheet to complete their tax return.

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Visit the IRS website at Pfile www.irs.govlefile a Employee's social security number 700-01-0002 Safe, accurate, FAST: Use OMB No. 1545-0008 b Employer identification number EIN 2 Federal income tax witheld Wages, ps, other compensalion 50,900.00 31-1238967 4,320.00 3 Social security wages c Employer's name, address, and ZIP code 4 Social security tax withhecld 3,155.80 6 Medicare tax withheld 50,900.00 5 Medicare wages and tips Las Vegas School District 2234 Vegas Valley Drive Las Vegas, NV 89169 738.05 50,900.00 7 Social security tips 8 Allocated tips 10 Dependent care benefits d Control number 9 Verification code e Emplayee's first name and intial Suff. 11 Nonqualitied plans Last name 12a See instructions for box 12 | DD| 7,800.00 Walter Black parly ick pay 12b employee 883 Scrub Brush Street, Apt # 52B Las Vegas, NV 89125 plan 14 Other 120 12d t Employee's address and ZIP code 15 State Employer's state ID number 16 State wages, tips, atc. 17 State income tax 18 Local wages, tips, etc. 19 Local income tax 20 Locality name NV W-2 Wage and Tax Statement Department of the Treasury-Intemal Revenue Service 2018 Form Copy B-To Be Filed With Employee's FEDERAL Tax Return. This information is being furnished to the Internal Revenue Service. O CORRECTED (if checked) PAYER'S name, street address, city or town, state or province, country, ZIP la Total ordinary dividends or foreign postal code, and telephone no. OMB No. 1545-0110 1,400.00 Cyber Funds Equities Fund 41 Wall Street 2018 Dividends and Distributions 1b Qualified dividends 998.00 New York, NY 10005 Form 1099-DIV 2a Total capital gain distr. 2b Unrecap. Sec. 1250 gain Copy B For Recipient $ 6,543.12 PAYER'S TIN RECIPIENT'S TIN 20 Section 1202 gain 2d Collectibles (28%) gain 17-1234326 222-43-7690 24 RECIPIENT'S name 3 Nondividend distributions4 Federal income tax withheld 2$ This is important tax information and is being fumished to the IRS. If you are required to file a retum, a negligence penalty or other sanction may be imposed on you if this income is taxable Skylar B. Black 5 Section 199A dividends 6 Investment expenses Street address including apt. no.) 24 2$ 883 Scrub Brush Street #52B 7 Foreign tax paid 8 Foreign country or U.S. possession City or town, state or province, country, and ZIP or foreign pastal code 24 Las Vegas, NV 89125 Cash liquidation distributions 10 Noncash liquidation distributione 24 and the IRS determines that it has not been reported. %24 FATCA filing 11 Exempt-interest dividends 12 Specified private activity requirement bond interest dividends 2$ 13 State 14 State idantification na 15 State tax withheld 24 Account number (see instructions) Form 1099-DIV (keep for your records) www.irs.gov/Form1099DIV Department of the Treasury - Intermal Revenue Service