Based on the interview notes and the documents below, answer the following items relative to their...

          

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Based on the interview notes and the documents below, answer the following items relative to their 2019 Form 1040. If the amount is negative, put a minus (-) before the number. If the amount is zero, write 0. 1. Wages, salaries, tips, etc. 2. Taxable interest 3. Taxable dividends 4. Business income or (deductible loss) 5. Capital gain or (deductible loss) 6. Taxable IRA distribution 7. Taxable pension distribution 8. Rental real estate income or (deductible loss) 9. Taxable social security benefits 10. Taxable other income $ $ $ $ $ is $ $ $ $ is $ is $ 11. Qualified business income (QBI) deduction 12. Federal income tax withheld 13. Foreign tax credit 14. What is the tax rate on their qualified dividends? 15. Is Barbara's business a specified service trade/business (SSTB)? YES?NO_ Mark (DOB 02/02/1950) and Barbara (DOB 04/03/1957) Matthews, are married and file jointly. Mark is retired. Barbara is a part-time accounting assistant at Conway Company but also has a bookkeeping practice. They had minimum essential health insurance coverage all year. They have provided you with documentation for their 2019 income and expenses- see below. You also have obtained the following information from interviewing them: INTERVIEW NOTES 1. They tell you in the interview that they have $800 of bingo winnings (no W-2G required to be issued) but also $500 of bingo losses. 2. In addition to being a part-time employee at Conway Company, Barbara is also a self-employed bookkeeper. In 2019, she has documents to prove the following income and expenses: Fees received $90,100 Advertising expenses 1,900 Business meals ($1,400) and business entertainment ($600) 2,000 Office expenses 3,550 4,000 3,160 Business gifts to 20 clients ($200 Lalique vase to each) Business computer purchased and put into service 12/1/19 Simplified method home office: 380 square foot office (1,900 square foot home) They would like to take the maximum deduction for their expenses in 2019. 3. The Matthews purchased a rent house on 1/2/19 for $180,000 ($120,000 allocated to the structure and $60,000 allocated to the land). They immediately rented it and have the following income and expenses for 2019: Rental income received ($800 x 12) $9,600 6,800 3,510 850 2,340 Repair expense 1,970 The Matthews actively participated in the management of the rent house but they do not qualify as real estate professionals. The rental activity is not a qualified trade/business. Mortgage interest Real estate taxes Maintenance expense Homeowner's insurance 2 4. Mark retired and began receiving retirement income on March 1, 2017. No distributions were received prior to his retirement. Mark selected a single life annuity for these payments. The plan cost at the annuity start date was $14,500. Mark has already recovered $1,519 of his cost in the plan. They use the simplified method to determine the taxable amount. 5. The Matthews made timely quarterly tax payments for 2019 to IRS of $5,000 each quarter ($20,000 total). DOCUMENTS See the next five pages. 3 Employer cercasion number ( 40-000XXXX Employer's name, address, and code CONWAY COMPANY 25 IMPERIAL LANE YOUR CITY, STATE ZIP Cantabr Employd's first name and int BARBARA MATTHEWS 742 RED ROOSTER YOUR CITY, STATE ZIP Employee's address and ZIP cod Employer's 15 Su YS 34-500XXXX Employco CODE HORY PE 310-00-XXXX Daer W-2 Wage and Tax Statement PAYERS TIN Lastna Form Copy B-To Be Filed With Employee's FEDERAL Tax Return This information is being furnished to the Internal Revenue Service. PINE CORPORATION 1809 GULF DRIVE YOUR CITY, STATE ZIP PAYER'S nama, street address, city or town, state or province, country, ZIP or foreign postal code, and phone no 10 Amount allocable to IFR within 5 years 40-100XXXX RECIPIENT'S name MARK MATTHEWS Street address (including apt no) 742 RED ROOSTER Form 1099-R Account number (see instructions) RECIPIENT'S TIN 317-00-XXXX Gate, OMB No. 1545-0008 FASTI Use Wages, peather compan 28,500.00 3 Social security mages 28,500.00 5 Medicare wages and 28,500.00 7 Social acrylic 16 Stags, ps, etc. 17 Se income tax 28,500.00 1,400.00 2019 11 1st year of desig, Roth contrib Bul. 11 Nonquared plan 13 FATCA ing requrmand wy Date of paymant www.in.gowForm100 14 Other CORRECTED (if checked) 1 Groas distribution 22,532.00 2a Taxable amount 5 Employee contributions Designated Roth contributions or insurance premiums 7 Distribution IRA SEP codels) SIMPLE 7 e file 18 Local wage , od 19 Loc THORWAY Apr distribution 12 State tax withheld 15 Local tax with wid $ $ 2 Federal income tax withheld 2,784.00 4 Sodel security wi 1,767.00 Madone x held 413.25 8 Allocated p 10 Dependent ca 18 Sonstructions for box 12 128 1:30 2019 2b Taxable amount Form 1099-R Total distribution not determined 3 Capital gain included 4 Federal income tax in box 2 withheld 131 City or town, state or province, country, and ZIP or foreign postal code Be Your peroantage of total b Total employees YOUR CITY, STATE ZIP 8 Other Department of the Treasury-Internal Revenue OMB No. 1646-0110 Viet the beat www.in.wedo 2,253.00 Net unrealized appreciation in employer's securities Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAS, Insurance Contracts, etc. 16 Name of locality Copy B Report this income on your federal tax return. If this form shows federal income tax withhold in box 4, attach this copy to your return. This information is being furnished to the IRS. %$ 14,500.00 13 State/Payer's state no. 14 State distribution 17 Local distribution Department of the Treasury internal Revenue Service CORRECTED (if checked) PAYER'S name, street address, city or town, state or province, 1 Gross distribution country, ZIP or foreign postal code, and phone no ESSEX BANK, CUSTODIAN FOR ROTH IRA OF MARK MATTHEWS 300 MARIN STREET YOUR CITY, STATE ZIP PAYERS TIN 10 Amount accable to I within 5 years Account number (see instructions) Form 1099-R RECIPIENT'S TIN 2019 Box 1. Nare 48-100XXXX RECIPIENT'S name MARK MATTHEWS Street address including apt. no.) SEPT T Distribution IRA/ code(s) Q 742 RED ROOSTER SIMPLE X City or town, state or province, country, and ZP or foreign postal code sa Your partage of total ab Total employeconbons YOUR CITY, STATE ZIP %$ 13 State/Payer's state no. 14 State distribution 317-00-XXXX 11 1st year of desig Roth contrib Total Additions: Benefits for 2019: $17,214 DESCRIPTION OF AMOUNT IN BOX 3 Paid by check or direct deposit: $13,867.00 FATCA requirem Date of payment www.insgewFortogr Medicare Part B premiums deducted from your benefits: $1,626.00 MARK MATTHEWS Box 3. Bele Paid in 2019 Gax 4, Banefta fepaid to 88A in 2019 $17,214.00 3,200.00 2a Taxable amount 0.00 2b Taxable amount Total distribution not determined 3 Capital gain (included 4 Federal income tax in bux 2a) with bald distribution 12 State tax withheld 5 Employen contributions 6 Net unrealized Designated Roth contributions or insurance promiums 15 Local tax withheld Box 2. Benatidary's Social Security Mar 317-00-XXXX Draft as of June 21, 2019 Subject to Change Fav A-100CM ( APRAS FORM SSA-1099- SOCIAL SECURITY BENEFIT STATEMENT PART OF YOUR SOCIAL SECLIATY BENEFITS SHOWN IN BOK 5 MAY BE TAXABLE INCOME SEE THE REVERSE FOR MORE INFORMATION OMB No 1545-01 19 2019 For 1099-R Box Voluntary Fodral income Tax withholding $1,721.00 Box 7. Address 742 Red Rooster Your City, State ZIP DO NOT RETURN THIS FORM TO SSA OR INS appreciation in amployer's securities & Other 16 Name of locality Box! Not Berettor 2019 Bar à minus max of $17.214.00 DESCRIPTION OF AMOUNT IN BOX 4 Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAS, Insurance Contracts, etc. Clai Nurherry) Copy B Report this income on your federal tax return. If this form shows federal income tax withheld in box 4, attach this copy to your return. Department of the Treasurymel Revenue Service This information is being furnished to the IRS. 17 Local distribution ABC INVESTMENTS 456 Pima Plaza Your City, YS ZIP Form 1099-DIV 2019 Dividends and Distributions Copy B for Recipient (OMS NO. 1545-0110) 1aTotal Ordinary Dividends 1b Qualified Dividends... 2a Total Capital Gain Distributions (Includes 2b-2d). 2b Capital Gains that represent Unrecaptured 1250 Gain. 2c Capital Gains that represent Section 1202 Gain. 2d Capital Gains that represent Collectibles (28%) Gain, 3 Nondividend Distributions... 4 5 6 Investment Expenses Federal Income Tax Withheld Section 199A Dividends 7 Foreign Tax Paid.. 8 Foreign Country or U.S. Possession. 9 Cash Liquidation Distributions 10 Non-Cash Liquidation Distributions. 11 Exempt Interest Dividends... 12 Specified Private Activity Bond Interest Dividends 13 State... 14 State Identification No. 15 State Tax Withheld. Form 1099-MISC 2019 Miscellaneous Income Copy B for Recipient (OMB NO. 1545-0115) 2 Royalties... 4 Federal Income Tax Withheld 8 Substitute Payments in Lieu of Dividends or Interest 16 State Tax Withheld 17 State/ Payer's State No. 18 State Income... Form 1099-INT" 2019 Interest Income Copy B for Recipient (OMS NO. 1545-0112) 1 Interest Income. 2 Early Withdrawal Penalty 3 Interest on U.S. Savings Bonds and Treas. Obligations. 4 Federal Income Tax Withheld. 5 Investment Expenses. 6 Foreign Tax Paid. 7 Foreign Country or U.S. Possession. 8 Tax-Exempt Interest... 9 Specified Private Activity Bond Interest 14 Tax-Exempt Bond CUSIP No.... Summary of 2019 Proceeds From Broker and Barter Exchange Transactions Sales Price of Stocks, Bonds, etc.. Federal Income Tax Withheld 2019 TAX REPORTING STATEMENT Mark and Barbara Matthews 742 Red Rooster Road Your City, YS ZIP Account No. 111-222 220.00 189.00 .308.00 0.00 0.00 0.00 .50.00 0.00 -0.00 0.00 .18.00 0.00 ..0.00 .0.00 .0.00 0.00 ..0.00 0.00 ..0.00 0.00 ..0.00 0.00 0.00 0.00 0.00 0.00 0.00 .0.00 .0.00 .0.00 6,300.00 -0.00 Recipient ID No. 317-00-XXXX Payer's Fed ID Number: 40-200XXXX Gross Procence from each of your security transactions are reported individually to the IRS. Ralar to the Form 1099-8 section of this statement. Report gros proceeds individually for each security on the appropriate IRS tax return. Do not report gross proceeds in aggregate Page 1 of 2 ABC INVESTMENTS 456 Pima Plaza Your City, YS ZIP FORM 1099-B* 2019 Proceeds from Broker and Barter Exchange Transactions Copy B for Recipient OMB NO. 1545-0715 Short-term transactions for which basis is reported to the IRS Report on Form 8949 with Box A checked and/or Schedule D, Part I (This Labelisa Substute for Boves & 8 Description, 1d Stock or Other Symbol, CUSIP Action 16 Dal Acquired 16 Date sold 1 Quantity 1d Proceeds disposed Bold Idaho Co. Common Stock Sale 02/01/2019 10/01/2019 250.000 TOTALS 8 Description, 1d Stock or Other Symbol, CUSIP Action Se Date sold ta Quanity Sold disposed 16 Date Acquired 1,700.00 1,700.00 Long-term transactions for which basis is not reported to the IRS Report on Form 8949 with Box E checked and/or Schedule D, Part I (This Labal sa Bubertute for Boxes lc & 6) lowa Co. Common Stock Sale TOTALS 06/15/1999 03/01/2019 200.000 FORM 1099-B* 2019 Proceeds from Broker and Barter Exchange Transactions Copy for Recipient OMB NO. 1545-0715 te Cost of Other Bl 1d Proceedis 2,189.00 2,189.00 4,000.00 4,000.00 2019 TAX REPORTING STATEMENT Mark and Barbara Matthews 742 Red Rooster Road Your City, YS ZIP Account No. 111-222 Recipient ID No. 317-00-XXXX Payer's Fed ID Number: 40-200XXXX Te Cost or Other Basis 1,700.00 1,700.00 (RS Form 1099-B box numbers are shown below in bold type) 4 Federal Income 14 Gain/Loss (1g Wash Sale Tax Withheld 15 She Loes Disslowed State Withheld (489.00) Gain/Loss (RS Form 1099-8 box numbers are shown below in bold type) 4 Federal Income 14 1g Wash Sale Loes Dialowed Tax Withheld 2.900.00 15 State Tax Sale Withheld This is important tax information and is being lumished to the Internal Revenue Service. If you are required to file a return, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported. Page 2 of 2 CORRECTED (if checked) PAYER'S nams, street adress, cly or town, eta or province, country, ZF Parts RTN (optional) or foreign postal code, and telephone no. Adelphi Bank and Trust 8020 Yonkers Blvd YOUR CITY, STATE ZIP PAYERS TIN 34-7XXXXXX RECIPIENT'S name MARK MATTHEWS Street address including apto) 742 RED ROOSTER Account nanbar (s) City or stor province, country, and 2P or foreign postal code YOUR CITY, STATE ZIP For 1099-INT Mark and Barbara Matthews 742 Red Rooster Road Your City, State 00000 PAY TO THE ORDER OF Adelphi Bank and Trust Anytown, State 00000 For RECIPIENTS TIN 317-00-XXXX :111000025: 123456789 (keep for your records) VOID 1234 1 Intered income $ 300.00 2 Early withdrawal penalty 3 Interesan U.S. Savings Bands and Treas, obligations 10 Markel doo 4 Federal income tax withheld 5 investment exper $ 20.00 $ & Foreign lax paid 7 Femige courty or US $ 8 Tax-exempt interest 14 - and tax cred bond CLSP OMB No 1545-0112 www.is.goFore10 2019 Form 1099-INT DOLLARS FATCAS qui 125 on Terbare 13 Bond prasies on tee-exempt bood 0 1234 Spablid phade activly bond iMorell S 11 Bondoremium Interest Income Copy B For Recipient This is important tax information and is being lumished to the RS. If you are required to file a return, a negligence pertelty or other sanction may be imposed on you this income is taxable and the IRS determines that it has not been reported. 16 16 con no. 17 91ale tax weld Department of the Treasury-Internal Raverive Service Based on the interview notes and the documents below, answer the following items relative to their 2019 Form 1040. If the amount is negative, put a minus (-) before the number. If the amount is zero, write 0. 1. Wages, salaries, tips, etc. 2. Taxable interest 3. Taxable dividends 4. Business income or (deductible loss) 5. Capital gain or (deductible loss) 6. Taxable IRA distribution 7. Taxable pension distribution 8. Rental real estate income or (deductible loss) 9. Taxable social security benefits 10. Taxable other income $ $ $ $ $ is $ $ $ $ is $ is $ 11. Qualified business income (QBI) deduction 12. Federal income tax withheld 13. Foreign tax credit 14. What is the tax rate on their qualified dividends? 15. Is Barbara's business a specified service trade/business (SSTB)? YES?NO_ Mark (DOB 02/02/1950) and Barbara (DOB 04/03/1957) Matthews, are married and file jointly. Mark is retired. Barbara is a part-time accounting assistant at Conway Company but also has a bookkeeping practice. They had minimum essential health insurance coverage all year. They have provided you with documentation for their 2019 income and expenses- see below. You also have obtained the following information from interviewing them: INTERVIEW NOTES 1. They tell you in the interview that they have $800 of bingo winnings (no W-2G required to be issued) but also $500 of bingo losses. 2. In addition to being a part-time employee at Conway Company, Barbara is also a self-employed bookkeeper. In 2019, she has documents to prove the following income and expenses: Fees received $90,100 Advertising expenses 1,900 Business meals ($1,400) and business entertainment ($600) 2,000 Office expenses 3,550 4,000 3,160 Business gifts to 20 clients ($200 Lalique vase to each) Business computer purchased and put into service 12/1/19 Simplified method home office: 380 square foot office (1,900 square foot home) They would like to take the maximum deduction for their expenses in 2019. 3. The Matthews purchased a rent house on 1/2/19 for $180,000 ($120,000 allocated to the structure and $60,000 allocated to the land). They immediately rented it and have the following income and expenses for 2019: Rental income received ($800 x 12) $9,600 6,800 3,510 850 2,340 Repair expense 1,970 The Matthews actively participated in the management of the rent house but they do not qualify as real estate professionals. The rental activity is not a qualified trade/business. Mortgage interest Real estate taxes Maintenance expense Homeowner's insurance 2 4. Mark retired and began receiving retirement income on March 1, 2017. No distributions were received prior to his retirement. Mark selected a single life annuity for these payments. The plan cost at the annuity start date was $14,500. Mark has already recovered $1,519 of his cost in the plan. They use the simplified method to determine the taxable amount. 5. The Matthews made timely quarterly tax payments for 2019 to IRS of $5,000 each quarter ($20,000 total). DOCUMENTS See the next five pages. 3 Employer cercasion number ( 40-000XXXX Employer's name, address, and code CONWAY COMPANY 25 IMPERIAL LANE YOUR CITY, STATE ZIP Cantabr Employd's first name and int BARBARA MATTHEWS 742 RED ROOSTER YOUR CITY, STATE ZIP Employee's address and ZIP cod Employer's 15 Su YS 34-500XXXX Employco CODE HORY PE 310-00-XXXX Daer W-2 Wage and Tax Statement PAYERS TIN Lastna Form Copy B-To Be Filed With Employee's FEDERAL Tax Return This information is being furnished to the Internal Revenue Service. PINE CORPORATION 1809 GULF DRIVE YOUR CITY, STATE ZIP PAYER'S nama, street address, city or town, state or province, country, ZIP or foreign postal code, and phone no 10 Amount allocable to IFR within 5 years 40-100XXXX RECIPIENT'S name MARK MATTHEWS Street address (including apt no) 742 RED ROOSTER Form 1099-R Account number (see instructions) RECIPIENT'S TIN 317-00-XXXX Gate, OMB No. 1545-0008 FASTI Use Wages, peather compan 28,500.00 3 Social security mages 28,500.00 5 Medicare wages and 28,500.00 7 Social acrylic 16 Stags, ps, etc. 17 Se income tax 28,500.00 1,400.00 2019 11 1st year of desig, Roth contrib Bul. 11 Nonquared plan 13 FATCA ing requrmand wy Date of paymant www.in.gowForm100 14 Other CORRECTED (if checked) 1 Groas distribution 22,532.00 2a Taxable amount 5 Employee contributions Designated Roth contributions or insurance premiums 7 Distribution IRA SEP codels) SIMPLE 7 e file 18 Local wage , od 19 Loc THORWAY Apr distribution 12 State tax withheld 15 Local tax with wid $ $ 2 Federal income tax withheld 2,784.00 4 Sodel security wi 1,767.00 Madone x held 413.25 8 Allocated p 10 Dependent ca 18 Sonstructions for box 12 128 1:30 2019 2b Taxable amount Form 1099-R Total distribution not determined 3 Capital gain included 4 Federal income tax in box 2 withheld 131 City or town, state or province, country, and ZIP or foreign postal code Be Your peroantage of total b Total employees YOUR CITY, STATE ZIP 8 Other Department of the Treasury-Internal Revenue OMB No. 1646-0110 Viet the beat www.in.wedo 2,253.00 Net unrealized appreciation in employer's securities Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAS, Insurance Contracts, etc. 16 Name of locality Copy B Report this income on your federal tax return. If this form shows federal income tax withhold in box 4, attach this copy to your return. This information is being furnished to the IRS. %$ 14,500.00 13 State/Payer's state no. 14 State distribution 17 Local distribution Department of the Treasury internal Revenue Service CORRECTED (if checked) PAYER'S name, street address, city or town, state or province, 1 Gross distribution country, ZIP or foreign postal code, and phone no ESSEX BANK, CUSTODIAN FOR ROTH IRA OF MARK MATTHEWS 300 MARIN STREET YOUR CITY, STATE ZIP PAYERS TIN 10 Amount accable to I within 5 years Account number (see instructions) Form 1099-R RECIPIENT'S TIN 2019 Box 1. Nare 48-100XXXX RECIPIENT'S name MARK MATTHEWS Street address including apt. no.) SEPT T Distribution IRA/ code(s) Q 742 RED ROOSTER SIMPLE X City or town, state or province, country, and ZP or foreign postal code sa Your partage of total ab Total employeconbons YOUR CITY, STATE ZIP %$ 13 State/Payer's state no. 14 State distribution 317-00-XXXX 11 1st year of desig Roth contrib Total Additions: Benefits for 2019: $17,214 DESCRIPTION OF AMOUNT IN BOX 3 Paid by check or direct deposit: $13,867.00 FATCA requirem Date of payment www.insgewFortogr Medicare Part B premiums deducted from your benefits: $1,626.00 MARK MATTHEWS Box 3. Bele Paid in 2019 Gax 4, Banefta fepaid to 88A in 2019 $17,214.00 3,200.00 2a Taxable amount 0.00 2b Taxable amount Total distribution not determined 3 Capital gain (included 4 Federal income tax in bux 2a) with bald distribution 12 State tax withheld 5 Employen contributions 6 Net unrealized Designated Roth contributions or insurance promiums 15 Local tax withheld Box 2. Benatidary's Social Security Mar 317-00-XXXX Draft as of June 21, 2019 Subject to Change Fav A-100CM ( APRAS FORM SSA-1099- SOCIAL SECURITY BENEFIT STATEMENT PART OF YOUR SOCIAL SECLIATY BENEFITS SHOWN IN BOK 5 MAY BE TAXABLE INCOME SEE THE REVERSE FOR MORE INFORMATION OMB No 1545-01 19 2019 For 1099-R Box Voluntary Fodral income Tax withholding $1,721.00 Box 7. Address 742 Red Rooster Your City, State ZIP DO NOT RETURN THIS FORM TO SSA OR INS appreciation in amployer's securities & Other 16 Name of locality Box! Not Berettor 2019 Bar à minus max of $17.214.00 DESCRIPTION OF AMOUNT IN BOX 4 Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAS, Insurance Contracts, etc. Clai Nurherry) Copy B Report this income on your federal tax return. If this form shows federal income tax withheld in box 4, attach this copy to your return. Department of the Treasurymel Revenue Service This information is being furnished to the IRS. 17 Local distribution ABC INVESTMENTS 456 Pima Plaza Your City, YS ZIP Form 1099-DIV 2019 Dividends and Distributions Copy B for Recipient (OMS NO. 1545-0110) 1aTotal Ordinary Dividends 1b Qualified Dividends... 2a Total Capital Gain Distributions (Includes 2b-2d). 2b Capital Gains that represent Unrecaptured 1250 Gain. 2c Capital Gains that represent Section 1202 Gain. 2d Capital Gains that represent Collectibles (28%) Gain, 3 Nondividend Distributions... 4 5 6 Investment Expenses Federal Income Tax Withheld Section 199A Dividends 7 Foreign Tax Paid.. 8 Foreign Country or U.S. Possession. 9 Cash Liquidation Distributions 10 Non-Cash Liquidation Distributions. 11 Exempt Interest Dividends... 12 Specified Private Activity Bond Interest Dividends 13 State... 14 State Identification No. 15 State Tax Withheld. Form 1099-MISC 2019 Miscellaneous Income Copy B for Recipient (OMB NO. 1545-0115) 2 Royalties... 4 Federal Income Tax Withheld 8 Substitute Payments in Lieu of Dividends or Interest 16 State Tax Withheld 17 State/ Payer's State No. 18 State Income... Form 1099-INT" 2019 Interest Income Copy B for Recipient (OMS NO. 1545-0112) 1 Interest Income. 2 Early Withdrawal Penalty 3 Interest on U.S. Savings Bonds and Treas. Obligations. 4 Federal Income Tax Withheld. 5 Investment Expenses. 6 Foreign Tax Paid. 7 Foreign Country or U.S. Possession. 8 Tax-Exempt Interest... 9 Specified Private Activity Bond Interest 14 Tax-Exempt Bond CUSIP No.... Summary of 2019 Proceeds From Broker and Barter Exchange Transactions Sales Price of Stocks, Bonds, etc.. Federal Income Tax Withheld 2019 TAX REPORTING STATEMENT Mark and Barbara Matthews 742 Red Rooster Road Your City, YS ZIP Account No. 111-222 220.00 189.00 .308.00 0.00 0.00 0.00 .50.00 0.00 -0.00 0.00 .18.00 0.00 ..0.00 .0.00 .0.00 0.00 ..0.00 0.00 ..0.00 0.00 ..0.00 0.00 0.00 0.00 0.00 0.00 0.00 .0.00 .0.00 .0.00 6,300.00 -0.00 Recipient ID No. 317-00-XXXX Payer's Fed ID Number: 40-200XXXX Gross Procence from each of your security transactions are reported individually to the IRS. Ralar to the Form 1099-8 section of this statement. Report gros proceeds individually for each security on the appropriate IRS tax return. Do not report gross proceeds in aggregate Page 1 of 2 ABC INVESTMENTS 456 Pima Plaza Your City, YS ZIP FORM 1099-B* 2019 Proceeds from Broker and Barter Exchange Transactions Copy B for Recipient OMB NO. 1545-0715 Short-term transactions for which basis is reported to the IRS Report on Form 8949 with Box A checked and/or Schedule D, Part I (This Labelisa Substute for Boves & 8 Description, 1d Stock or Other Symbol, CUSIP Action 16 Dal Acquired 16 Date sold 1 Quantity 1d Proceeds disposed Bold Idaho Co. Common Stock Sale 02/01/2019 10/01/2019 250.000 TOTALS 8 Description, 1d Stock or Other Symbol, CUSIP Action Se Date sold ta Quanity Sold disposed 16 Date Acquired 1,700.00 1,700.00 Long-term transactions for which basis is not reported to the IRS Report on Form 8949 with Box E checked and/or Schedule D, Part I (This Labal sa Bubertute for Boxes lc & 6) lowa Co. Common Stock Sale TOTALS 06/15/1999 03/01/2019 200.000 FORM 1099-B* 2019 Proceeds from Broker and Barter Exchange Transactions Copy for Recipient OMB NO. 1545-0715 te Cost of Other Bl 1d Proceedis 2,189.00 2,189.00 4,000.00 4,000.00 2019 TAX REPORTING STATEMENT Mark and Barbara Matthews 742 Red Rooster Road Your City, YS ZIP Account No. 111-222 Recipient ID No. 317-00-XXXX Payer's Fed ID Number: 40-200XXXX Te Cost or Other Basis 1,700.00 1,700.00 (RS Form 1099-B box numbers are shown below in bold type) 4 Federal Income 14 Gain/Loss (1g Wash Sale Tax Withheld 15 She Loes Disslowed State Withheld (489.00) Gain/Loss (RS Form 1099-8 box numbers are shown below in bold type) 4 Federal Income 14 1g Wash Sale Loes Dialowed Tax Withheld 2.900.00 15 State Tax Sale Withheld This is important tax information and is being lumished to the Internal Revenue Service. If you are required to file a return, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported. Page 2 of 2 CORRECTED (if checked) PAYER'S nams, street adress, cly or town, eta or province, country, ZF Parts RTN (optional) or foreign postal code, and telephone no. Adelphi Bank and Trust 8020 Yonkers Blvd YOUR CITY, STATE ZIP PAYERS TIN 34-7XXXXXX RECIPIENT'S name MARK MATTHEWS Street address including apto) 742 RED ROOSTER Account nanbar (s) City or stor province, country, and 2P or foreign postal code YOUR CITY, STATE ZIP For 1099-INT Mark and Barbara Matthews 742 Red Rooster Road Your City, State 00000 PAY TO THE ORDER OF Adelphi Bank and Trust Anytown, State 00000 For RECIPIENTS TIN 317-00-XXXX :111000025: 123456789 (keep for your records) VOID 1234 1 Intered income $ 300.00 2 Early withdrawal penalty 3 Interesan U.S. Savings Bands and Treas, obligations 10 Markel doo 4 Federal income tax withheld 5 investment exper $ 20.00 $ & Foreign lax paid 7 Femige courty or US $ 8 Tax-exempt interest 14 - and tax cred bond CLSP OMB No 1545-0112 www.is.goFore10 2019 Form 1099-INT DOLLARS FATCAS qui 125 on Terbare 13 Bond prasies on tee-exempt bood 0 1234 Spablid phade activly bond iMorell S 11 Bondoremium Interest Income Copy B For Recipient This is important tax information and is being lumished to the RS. If you are required to file a return, a negligence pertelty or other sanction may be imposed on you this income is taxable and the IRS determines that it has not been reported. 16 16 con no. 17 91ale tax weld Department of the Treasury-Internal Raverive Service

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Based on the provided data I will now calculate the items relative to Mark and Barbara Matthews 2019 Form 1040 Wages salaries tips etc We dont have information about their wages salaries or tips from ... View the full answer