Question: This problem is for the 2018 tax year. Robert A. Kliesh, age 41, is single and has no dependents. Robert's Social Security number is 111-11-1112.

This problem is for the 2018 tax year. Robert A. Kliesh, age 41, is single and has no dependents. Robert's Social Security number is 111-11-1112. His address is 201 Front Street, Missoula, MT 59812. He does not contribute to the Presidential Election Campaign fund through the Form 1040. Robert works as a financial analyst and is very well regarded in his field. This year, his salary totaled $650,000. His professional success has allowed him to purchase investments in real estate and corporate stocks and bonds. He also spends time volunteering with various organizations that help people develop financial literacy skills. Examination of Robert's financial records provides the following information for 2018. a.On January 16, Robert sold 1,000 shares of stock for a loss of $12,000. The stock was acquired 14 months ago for $17,000 and sold for $5,000. On February 15, he sold 400 shares of stock for a gain of $13,100. That stock was acquired in 2009 for $6,000 and sold for $19,100.b.He received $30,000 of interest on private activity bonds that he purchased in 2014. He also received $40,000 of interest on tax-exempt bonds that are not private activity bonds.c.Robert received gross rent income of $190,000 from an apartment complex he owns. He qualifies as an active participant in the activity.d.Expenses related to the apartment complex, which he acquired in 2009, were $225,000.e.Robert's taxable interest income totaled $23,000. Because he invests only in growth stocks, he receives no dividend income.f.He won $60,000 in the Montana lottery.g.Robert was the beneficiary of an $800,000 life insurance policy on the life of his uncle Jake. He received the proceeds in October.h.In February, Robert exercised an incentive stock option that was granted by his employer in 2014. The strike price of the option was $10 per share. On the date of exercise, the fair market value of the stock was $25 per share. Robert purchased 400 shares with the option; as of the end of the year, he still owns the stock (current FMV $35 per share).i.Robert incurred the following potential itemized deductions.

$5,200 fair market value of stock contributed to the Red Cross ($3,000 stock basis). He had owned the stock for two years. Robert also made cash contributions of $8,000 to qualified organizations during the year.

$4,200 interest on consumer purchases.

$8,900 state and local income tax.

$15,000 of medical expenses that he paid on behalf of his administrative assistant, who unexpectedly took ill.

$8,000 paid for lottery tickets associated with playing the state lottery.

$750 contribution to the campaign of the Democratic candidate for governor of Montana.

Because Robert lived in Montana, he paid no state-income tax.

Robert made estimated Federal tax payments of $210,000, and he was covered by health insurance for the entire tax year. Determine Robert's 2018 income tax liability by providing the information requested for Forms 1040, 6251, and 8949 as well as Schedules A, B, D, E.

Make realistic assumptions about any missing data.

If an amount box does not require an entry or the answer is zero, enter "0".

Enter all amounts as positive numbers.

Assume Robert's qualified dividends and long-term capital gains tax rate is 20%.

It may be necessary to provide information regarding the other schedules and forms before completing the requested information for Form 1040.

When computing the tax liability, do not round your immediate calculations. If required, round your final answers to the nearest dollar

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