Tax Return for Debra Simon Assignment

Tax Return for Debra Simon Assignment

Debra Simon is a single taxpayer. She is employed as a corporate attorney and lives at 1400 Sand Dollar Circle, Sandville, FL 33868. Her social security number is 412-34-5670. For tax year 2018, Debra had the following income information:

Wages Social security withholding Medicare withholding Federal income tax withheld State income tax withheld New Bank 1099-INT Hope Bank 1099-INT $ 155,000 $7,960.80 $2,248 $32,050 -0- $5,500 $3,875 Debra had the following stock transactions during 2018. A 1099-B was received for the proceeds of each sale: Transaction 300 sh. IBM 200 sh. SMI 100 sh. BMI 300 sh. ABC 300 sh. DDC 300 sh. PPC 4,000 sh. LLP 1,500 sh. QQM Purchased 01/05/11 01/05/11 03/05/17 07/05/18 05/12/18 01/05/11 Inherited Inherited Sold 5/11/18 5/15/18 4/12/18 9/15/18 10/11/18 5/11/18 12/11/18 5/11/18 Proceeds Cost $ 16,500 $14,100 41.000 41.800 10,500 11,400 16,500 14,100 45,000 51,000 5,000 2,800 436,000 41.325 Sale Expenses $ 875 2.050 525 825 2,250 250 21,800 2.066 * Debra inherited the LLP stock and the QQM stock when her father passed away on May 1, 2018. Debra's father purchased the LLP stock in 1967 for $35,000.

Tax Return for Debra Simon AssignmentThe FMV of the LLP stock at the date of death was $415,500. The QQM stock was purchased by Debra's father on February 6, 2017, for $49,000. The FMV of the QQM stock at the date of death was $49,600 Debra also sold her wine collection for $38,000. She had purchased the wine on January 5, 2013, for a total of $19,000.

Debra has a capital loss carryover from 2017 of $11,700: $3,000 short-term and $8,700 long-term. Debra rents a condo (no mortgage interest) and lives in Florida (no state income tax). Thus she claims the standard deduction. Required Complete the 2018 tax return for Debra Simon. You do not need to complete the loss carryover worksheet but do need to enter the carryover amount in the appropriate place on Schedule D. She wants to contribute to the presidential election campaign and does not want anyone to be a third-party designee. Debra had qualifying health care coverage at all times during the tax year. For any missing information, make reasonable assumptions.

Tax Return for Debra Simon Assignment

Tax Return for Debra Simon Assignment

Get Accounting homework help today from Contentmart.

Contentmart
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Homework Market

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Homework Market

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Homework Market

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Homework Market

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Homework Market

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

Homework Market

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Homework Market

Place your order

Fill in the order form and provide all details of your assignment.

Homework Market

Proceed with the payment

Choose the payment system that suits you most.

Homework Market

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Homework Market Homework Market

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Homework Market Homework Market

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Homework Market Homework Market

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Homework Market Homework Market

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.