tax return 501246

Do not worry about the potential income limits on the applications to Schedule A.

1.Marital Status All tax returns are Married Filing Joint

2.Age 35

3.Spouse Age 53

4.Children you have 14 dependents

5.Wages

a.You are a CPA in your first job earning $125,000

b.barista at Starbucks in your second job 16,250

6.Spouses Wages your spouse earns $44,900 as a salesperson

7.Interest 12,350 paid by Bank of America

8.State Income Tax take your wages and multiply by 12%

9.Real Estate Taxes – $43,957 (Actual Dollar Amount)

10.Personal Property Taxes – $9,750 (Actual Dollar Amount)

11.Point paid on the mortgage $1450 (Actual Dollar Amount

12.Mortgage Interest from Form 1098 16,750

13.Charitable Gifts

a.Cash

i.paid to United Way 9,331

ii.donated each week at church $75 every other week

b.Other than Cash (Form 8283)

i.Donations to Goodwill of various household items- 2,312

14.You have an accident in your home where you spill hot coffee on your stamp collection that you received from your grandmother. The collection has a basis of $75,500.

15.You also lost while swimming the Ohio river a fake Rolex watch that cost you $750.

16.You had a car accident that totaled your car. You paid $17,500 on the car and had replacement insurance on the car that bought you a new model.

Rental Real Estate Sch E

1.You have a rental property located at 9645 Merkner Drive, Pittsburgh, PA 15228.

a.You leased the property for the entire year to Tom Weaver and his family.

b.3^rd party payments 48,000

c.Advertising 397

d.Cleaning and Maintenance 752

e.Commissions 124

f.Management Fees 12,000 (actual Amount)

g.Mortgage Interest – $23,400 (actual Amount)

h.Depreciation – $5,513

2.You also have a rental property at 1394 Sandfiddler Road, Virginia BEACH, VA 23060

a.Personal Use Days 36

b.Rental Days 243

c.3^rd party payments $148,000

d.Advertising $20,987

e.Cleaning and Maintenance 1,200

f.Commissions $14,800

g.Mortgage Interest – $30,844

h.Depreciation – $14,000

Small Business Sch C

1.You are the sole proprietor of the business. You do not have a separate EIN or business name for the business.

2.Address is the same as your home address.

3.Cash basis

4.You DID materially participate in the business operations.

5.The business was started 1/1/09

6.No Form 1099s are required.

7.3^rd party payments 366,546

8.Advertising 23,500

9.Insurance 24,500

10.Commissions 126,500

11.Supplies – $41,000

Estimated payments withheld from paycheck each month ZERO no taxes were withheld. DO NOT CALCULATE THE PENALTY FOR UNDERPAYMENT OR THE INTEREST DUE ON THE RETURN.