America Los Rios (age 36) is a single taxpayer, living at 4700 Oak Drive. Income as a manager for 2016:
Earnings $69,000
Federal income tax withheld $14,800
State income tax withheld $2,300
America's other income includes qualifying dividends on American River Corp. stock of $4,400 and interest on a long-term certificate of deposit at Bank of Sacramento of $5,205.
During the year, America paid the following:
Home mortgage interest $10,600
Credit card interest $550
Auto loan interest $1,700
Life insurance (universal policy) $750
Property taxes on personal residence $1,150
Co-pays for doctor visits during the year $650
Other medical expenses $790
Income tax preparation fee $250
Charitable cont. (in cash) $575
In her spare time, America trades stocks and bonds. During the year she sold several stocks and received a form 1099-B, which showed the following:
Red. co 2-1-06 10-5-16 $5400 Basis: $2500
Green Co. 6-11-16 803016 $4000 Basis 5,000
Blue Co. 12-12-15 9/22/16 $6300 basis $5000
White Co. 5-12-16 10-15-16 7000 basis 4000
Black Co. 9-15-09 11-01-16 5500 basis 6800
Req: Complete America's federal tax return for 2016 Use form 1040 Schedule A Schedule B Schedule D for 8949 and the qualified dividends and capital gain tax worksheet . She is not subject to alternative minimum tax. Make realistic assumptions about any missing data.