Question: Please provide me with the completed Form 1 0 4 0 and Schedule A , B , C , D , and SE
Please provide me with the completed "Form and "Schedule ABCDand SEfor the year based off of this summary...
Kelly and Chanelle Chambers, ages and are married and live at Thoreau Drive, Boston, MA Kellys Social Security number is and Chanelles is The Chambers have two children: Emma, age and Chet, age Their Social Security numbers are and respectively Emma is a single college student and earned $during the summer. Kelly and Chanelle help Emma through school by paying for her room, board, and tuition. Emma lives at home during the summer. Chet has a physical handicap and lives at home. He attends a local university and earned $working for a marketing firm. In sum, Kelly and Chanelle provide more than of both Emmas and Chets total support for the year.
Kelly is a commercial pilot for a small airline. His salary is $from which $of federal income tax and $of state income tax were withheld. Kelly also pays premiums for health, disability, and life insurance. $of the premium was for health insurance, $for disability, and $for life insurance.
Chanelle owns Alliance Networks, a proprietorship that does network consulting. During the year, Chanelles gross revenues were $She incurred the following expenses in her business:
Liability Insurance $
Software Rental $
Journal and Magazines $
Training Seminars $
Supplies $
Kelly enjoys playing guitar and plays in a band. Kellys band has developed a local following. This year, his gross revenues were $for playing shows and $on CD sales.
Chanelle purchased shares of Thurston Costock on May for $Thurston Cowas declared bankrupt during the current year.
Chets physician recommended that he see a physical therapist to help with his disability. Kelly paid the therapist $during the year because his insurance would not cover the bills.
Kelly and Chanelle went to Las Vegas and won $at the blackjack table. The next night, they lost $
Kelly and Chanelle gave $to their church and, during the year, they had the following other income and expenses:
Real Estate Taxes $
Property Taxes on Car Determined by value$
Home Mortgage Interest $ Tax Return Preparation Fees $is allocable to Chanelle's Business$
Sales Tax on Purchases During the Year $
Interest from a Savings Account $
Interest from City of Boston Bonds $
Dividend from M Stock $
Prepare Kelly and Chanelles tax return Form and Schedules ABCDand SE for Assume the couple had no transactions involving virtual currency.
Please download the Form and the schedules and fill them out in order to show methat would be perfect as it would mean less typing for you and more accessible for me to learn.
If you cannot do this then please at the very least list on which form the information should be on as well as what line it should be on If you can not do this then please do not try to answer this. I have submitted this prompt times already and no one has done what I have asked.
WHAT I HAVE LISTED ABOVE IS THE ONLY WAY THAT MY BRAIN WILL BE ABLE TO LEARN!! Please.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
