Question: Hello, This is for a taxation class.... the problem is the following: Ch 5 Tax Return CP.05.02A X Instructions Comprehensive Problem 5-2A Bea Jones (birthdate

Hello,

This is for a taxation class.... the problem is the following:

Ch 5 Tax Return

  1. CP.05.02A
  2. X
  3. Instructions
  4. Comprehensive Problem 5-2A
  5. Bea Jones (birthdate March 27, 1984) moved from Texas to Florida in December 2016. She lives at 654 Ocean Way, Gulfport, FL 33707. Bea's Social Security number is 466-78-7359 and she is single. Her earnings and income tax withholding for 2017 for her job as a manager at a Florida shrimp-processing plant are:
  6. Earnings from the Gulf Shrimp Co.$42,325Federal income tax withheld6,200State income tax withheld0Bea's other income includes interest on a savings account at Beach National Bank of $2,175 and $620 per month alimony from her ex-husband.
  7. During 2017, Bea paid the following amounts (all of which can be substantiated):
  8. Home mortgage interest$8,680Auto loan interest2,300State sales tax820Property taxes on personal residence3,233Unreimbursed hospital bills3,250Doctor bills2,612Other deductible medical expenses720Income tax preparation fee600Job-hunting expenses925Union dues800In July 2017, someone broke into Bea's house and stole a diamond ring she had purchased in 2004. The diamond ring had a fair market value of $9,600 and a tax basis to Bea of $8,000. The ring was uninsured.
  9. Required:
  10. Complete Bea's Form 1040 and Schedules A and B and Form 4684.
  11. Make realistic assumptions about any missing data.
  12. Enter all amounts as positive numbers.
  13. If an amount box does not require an entry or the answer is zero, enter "0".
  14. If required round any dollar amount to the nearest dollar.

In the form 1040 line 40 Tax, request 44Tax(see instructions). Check if any from:a Form(s) 8814b Form 4972c

but I don't see where they provide information for this part here....

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