Question: You are allowed three attempts for this project. Do not use $ , comma, or decimals in your answers on D 2 L . Please
You are allowed three attempts for this project.
Do not use $ comma, or decimals in your answers on DL
Please complete the Form Stop after completing Line Tax, round up to the nearest dollar
Schedule and Schedule Afor the taxpayer:
Julie Anderson is a project manager and her wage is Julie's father passed away on April She inherited her fathers cottage vacation home in Montana and cash. She used the to invest in an annuity product that pays her $ per year for the next years. The first yearly payment $ was received on December th
Her filing status is Single. She also has the following items for :
Interest income from:
Capital One
City of San Francisco municipal bond
US Treasury bond.
Ordinary dividends from her investment in Wells Fargo... $ All the dividends are qualified for the tax rate.
She also bought shares Apple Inc. stock AAPL when the price was $ per share. AAPL's market closing price for December is $ per share. No shares were sold during the year.
During the year she went to Wynn Las Vegas and won $ in a poker game. However, she lost $ at another casino.
She received $ insurance payout from AFLAC. The insurance policy was bought by herself.
She has the following refunds and withholdings in and took the standard deduction on her federal tax return.
California state income tax refund.........
State income tax withheld from her paycheck......................
Federal income tax withheld from her paycheck...................
Social security tax paid as an employee.............
She owns and lives in her house in Fresno, CA and has the following expenses:
Home mortgage loan interest.....................
Home mortgage loan points not reported on Form
Real estate tax on her house.....................
Personaluse car loan interest....................
She also paid $ of qualified student loan interest.
Ms Anderson had a medical procedure and incurred qualified medical costs of $ Her health insurance policy pays of the medical cost and Julie paid the remaining out of her own pocket.
Julie also wanted to ask you the following questions:
WhereOn which schedule can she deduct any utilities and insurance on the cottage if she rents out the vacation home for income next year?
Can she deduct any fees paid to attorneys to execute her fathers will this year?
Can she deduct any fees paid to you to prepare her tax return this year?
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