2. Real estate taxes 2,250
Utilities 2,100
Maintenance 2,400
The house is fully depreciated so there is no depreciation
expense.
Albert sold the following securities during the year and received
a Form 1099-B that
showed the following information:
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Security Description
Date
Acquired Date Sold
Selling
Price
Adjusted
Basis
Orange, Inc. 100 Shares
Common
02/11/00 04/16/18 $?3,050 $?2,150
3. Banana, Inc. 100 Shares
Common
07/17/04 07/31/18 2,000 4,200
Grape, Corp. 100 Shares
Preferred
12/08/17 09/25/18 9,000 10,500
Plum, Inc. 5 Bonds due
4/2018
12/30/08 01/02/18 5,200 5,400
Peach Mutual
Fund
5,010.150
Shares
05/30/09 10/22/18 60,100 56,000
The selling price given is net of sales commissions and the basis
was reported to the
IRS for all sales. In addition to the above amounts, the
Grapefruit mutual fund
distributed a long-term capital gain of $450 on December 30,
2018.
On January 12, 2018, Albert and Allison sold their personal
residence for $715,150
and purchased a new house for $725,000. This was their
personal residence before
and after the divorce (they have lived in it together for three
years since remarrying).
4. The old house cost $120,000 back in January of 2006 and they
added on a new
bedroom and bathroom a few years ago for a cost of $20,000.
They also built a pool
for a cost of $60,000. They moved into the new house on
January 19, 2018.
Required: Combine this new information about the Gaytor
family with the information
from Chapters 1–3 and complete a revised 2018 tax return for
Albert and Allison. Be
sure to save your data input files since this case will be
expanded with more tax
information in later chapters.
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7. without the written permission of the copyright holder.
Evaluation Table
Use this document to complete the evaluation table requirement
of the Module 4 Assessment,Evidence-Based Project, Part 4A:
Critical Appraisal of Research
Full citation of selected article
Article #1
Article #2
Article #3
Article #4
Conceptual Framework
Describe the theoretical basis for the study
Design/Method Describe the design
and how the study
was carried out
8. Sample/Setting
The number and
characteristics of
patients,
attrition rate, etc.
Major Variables Studied
List and define dependent and independent variables
Measurement
Identify primary statistics used to answer clinical questions
Data Analysis
Statistical or
qualitative
findings
Findings and Recommendations
9. General findings and recommendations of the research
Appraisal
Describe the general worth of this research to practice. What are
the strengths and limitations of study? What are the risks
associated with implementation of the suggested practices or
processes detailed in the research? What is the feasibility of
use in your practice?
General Notes/Comments
Levels of Evidence Table
Use this document to complete the levels of evidence table
requirement of the Module 4 Assessment,Evidence-Based
Project, Part 4A: Critical Appraisal of Research
Author and year of selected article
Article #1
Article #2
Article #3
Article #4
10. Study Design
Theoretical basis for the study
Sample/Setting
The number and
characteristics of
patients
Evidence Level *
(I, II, or III)
Outcomes
General Notes/Comments
11. * Evidence Levels:
· Level I
Experimental, randomized controlled trial (RCT), systematic
review RTCs with or without meta-analysis
· Level II
Quasi-experimental studies, systematic review of a combination
of RCTs and quasi-experimental studies, or quasi-experimental
studies only, with or without meta-analysis
· Level III
Nonexperimental, systematic review of RCTs, quasi-
experimental with/without meta-analysis, qualitative,
qualitative systematic review with/without meta-synthesis
· Level IV
Respected authorities’ opinions, nationally recognized expert
committee/consensus panel reports based on scientific evidence
· Level V
Literature reviews, quality improvement, program evaluation,
financial evaluation, case reports, nationally recognized
expert(s) opinion based on experiential evidence
Outcomes Synthesis Table
Use this document to complete the outcomes synthesis table
requirement of the Module 4 Assessment,Evidence-Based
Project, Part 4A: Critical Appraisal of Research
Author and year of selected article
Article #1
Article #2
14. Note: You will access this article from the Walden Library
databases.
Fineout-Overholt, E., Melnyk, B. M., Stillwell, S. B., &
Williamson, K. M. (2010b). Evidence-based practice, step by
step: Critical appraisal of the evidence: Part II: Digging
deeper—examining the “keeper” studies. American Journal of
Nursing, 110(9), 41–48.
doi:10.1097/01.NAJ.0000388264.49427.f9. Retrieved from
https://www.nursingcenter.com/nursingcenter_redesign/media/E
BP/AJNseries/Critical2.pdf
Note: You will access this article from the Walden Library
databases.
Fineout-Overholt, E., Melnyk, B. M., Stillwell, S. B., &
Williamson, K. M. (2010c). Evidence-based practice, step by
step: Critical appraisal of the evidence: Part III: The process of
synthesis: Seeing similarities and differences across the body of
evidence. American Journal of Nursing, 110(11), 43–51. doi:
10.1097/01.NAJ.0000390523.99066.b5. Retrieved from
https://www.nursingcenter.com/nursingcenter_redesign/media/E
BP/AJNseries/Critical3.pdf
Note: You will access this article from the Walden Library
databases.
Williamson, K. M. (2009). Evidence-based practice: Critical
appraisal of qualitative evidence. Journal of the American
Psychiatric Nurses Association, 15(3), 202–207.
doi:10.1177/1078390309338733. Retrieved from
http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.1022.
62&rep=rep1&type=pdf
Note: You will access this article from the Walden Library
15. databases.
SCHEDULE D
(Form 1040)
Department of the Treasury
Internal Revenue Service (99)
Capital Gains and Losses
▶ Attach to Form 1040 or Form 1040NR.
▶ Go to www.irs.gov/ScheduleD for instructions and the latest
information.
▶ Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b,
9, and 10.
OMB No. 1545-0074
2018
Attachment
Sequence No. 12
Name(s) shown on return Your social security number
Part I Short-Term Capital Gains and Losses—Generally Assets
Held One Year or Less (see instructions)
See instructions for how to figure the amounts to enter on the
lines below.
This form may be easier to complete if you round off cents to
whole dollars.
(d)
Proceeds
16. (sales price)
(e)
Cost
(or other basis)
(g)
Adjustments
to gain or loss from
Form(s) 8949, Part I,
line 2, column (g)
(h) Gain or (loss)
Subtract column (e)
from column (d) and
combine the result
with column (g)
1a
Totals for all short-term transactions reported on Form
1099-B for which basis was reported to the IRS and for
which you have no adjustments (see instructions).
However, if you choose to report all these transactions
on Form 8949, leave this line blank and go to line 1b .
1b
17. Totals for all transactions reported on Form(s) 8949 with
Box A checked . . . . . . . . . . . . .
2
Totals for all transactions reported on Form(s) 8949 with
Box B checked . . . . . . . . . . . . .
3
Totals for all transactions reported on Form(s) 8949 with
Box C checked . . . . . . . . . . . . .
4 Short-term gain from Form 6252 and short-term gain or (loss)
from Forms 4684, 6781, and 8824 . . 4
5
Net short-term gain or (loss) from partnerships, S corporations,
estates, and trusts from
Schedule(s) K-1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6
Short-term capital loss carryover. Enter the amount, if any,
from line 8 of your Capital Loss Carryover
Worksheet in the instructions . . . . . . . . . . . . . . . . . . . . . . . . 6
( )
7
18. Net short-term capital gain or (loss). Combine lines 1a through
6 in column (h). If you have any long-
term capital gains or losses, go to Part II below. Otherwise, go
to Part III on the back . . . . . . 7
Part II Long-Term Capital Gains and Losses—Generally Assets
Held More Than One Year (see instructions)
See instructions for how to figure the amounts to enter on the
lines below.
This form may be easier to complete if you round off cents to
whole dollars.
(d)
Proceeds
(sales price)
(e)
Cost
(or other basis)
(g)
Adjustments
to gain or loss from
Form(s) 8949, Part II,
line 2, column (g)
(h) Gain or (loss)
Subtract column (e)
from column (d) and
combine the result
19. with column (g)
8a
Totals for all long-term transactions reported on Form
1099-B for which basis was reported to the IRS and for
which you have no adjustments (see instructions).
However, if you choose to report all these transactions
on Form 8949, leave this line blank and go to line 8b .
8b
Totals for all transactions reported on Form(s) 8949 with
Box D checked . . . . . . . . . . . . .
9
Totals for all transactions reported on Form(s) 8949 with
Box E checked . . . . . . . . . . . . .
10
Totals for all transactions reported on Form(s) 8949 with
Box F checked . . . . . . . . . . . . . .
11
20. Gain from Form 4797, Part I; long-term gain from Forms 2439
and 6252; and long-term gain or (loss)
from Forms 4684, 6781, and 8824 . . . . . . . . . . . . . . . . . . . . . .
. 11
12 Net long-term gain or (loss) from partnerships, S
corporations, estates, and trusts from Schedule(s) K-1 12
13 Capital gain distributions. See the instructions . . . . . . . . . . .
. . . . . . . . 13
14
Long-term capital loss carryover. Enter the amount, if any, from
line 13 of your Capital Loss Carryover
Worksheet in the instructions . . . . . . . . . . . . . . . . . . . . . . . .
14 ( )
15
Net long-term capital gain or (loss). Combine lines 8a through
14 in column (h). Then go to Part III on
the back . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
For Paperwork Reduction Act Notice, see your tax return
instructions. Cat. No. 11338H Schedule D (Form 1040) 2018
Schedule D (Form 1040) 2018 Page 2
Part III Summary
16 Combine lines 7 and 15 and enter the result . . . . . . . . . . . . .
. . . . . 16
21. • If line 16 is a gain, enter the amount from line 16 on Schedule
1 (Form 1040), line 13, or Form
1040NR, line 14. Then go to line 17 below.
• If line 16 is a loss, skip lines 17 through 20 below. Then go to
line 21. Also be sure to complete
line 22.
• If line 16 is zero, skip lines 17 through 21 below and enter -0-
on Schedule 1 (Form 1040), line
13, or Form 1040NR, line 14. Then go to line 22.
17 Are lines 15 and 16 both gains?
Yes. Go to line 18.
No. Skip lines 18 through 21, and go to line 22.
18
If you are required to complete the 28% Rate Gain Worksheet
(see instructions), enter the
amount, if any, from line 7 of that worksheet . . . . . . . . . . . . . .
. . . ▶ 18
19
If you are required to complete the Unrecaptured Section 1250
Gain Worksheet (see
instructions), enter the amount, if any, from line 18 of that
worksheet . . . . . . . . . ▶ 19
20 Are lines 18 and 19 both zero or blank?
Yes. Complete the Qualified Dividends and Capital Gain Tax
Worksheet in the instructions
22. for Form 1040, line 11a (or in the instructions for Form
1040NR, line 42). Don't complete lines
21 and 22 below.
No. Complete the Schedule D Tax Worksheet in the
instructions. Don't complete lines 21
and 22 below.
21
If line 16 is a loss, enter here and on Schedule 1 (Form 1040),
line 13, or Form 1040NR, line 14,
the smaller of:
• The loss on line 16; or
• ($3,000), or if married filing separately, ($1,500) } . . . . . . . .
. . . . . . . 21 ( )
Note: When figuring which amount is smaller, treat both
amounts as positive numbers.
22 Do you have qualified dividends on Form 1040, line 3a, or
Form 1040NR, line 10b?
Yes. Complete the Qualified Dividends and Capital Gain Tax
Worksheet in the instructions
for Form 1040, line 11a (or in the instructions for Form
1040NR, line 42).
No. Complete the rest of Form 1040 or Form 1040NR.
Schedule D (Form 1040) 2018
Version A, Cycle 9
INTERNAL USE ONLY
23. DRAFT AS OF
November 7, 2018
2018 Schedule D (Form 1040)
SE:W:CAR:MP
Capital Gains and Losses
SCHEDULE D (Form 1040)
Department of the Treasury Internal Revenue Service (99)
Capital Gains and Losses
▶ Attach to Form 1040 or Form 1040NR.
▶ Go to www.irs.gov/ScheduleD for instructions and the latest
information.
▶ Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b,
9, and 10.
OMB No. 1545-0074
2018
2018. Cat. No. 11338H.
Attachment
Sequence No. 12
Attachment Sequence No. 12. O M B No. 1545-0074. For
Paperwork Reduction Act Notice, see your tax return
instructions.
Part I
Short-Term Capital Gains and Losses—Generally Assets Held
One Year or Less (see instructions)
See instructions for how to figure the amounts to enter on the
lines below.
This form may be easier to complete if you round off cents to
whole dollars.
(d) Proceeds(sales price)
(e) Cost(or other basis)
(g)Adjustmentsto gain or loss from Form(s) 8949, Part I, line 2,
column (g)
(h) Gain or (loss) Subtract column (e) from column (d) and
combine the result with column (g)
1a
24. Totals for all short-term transactions reported on Form 1099-B
for which basis was reported to the IRS and for which you have
no adjustments (see instructions). However, if you choose to
report all these transactions on Form 8949, leave this line blank
and go to line 1b
1b
Totals for all transactions reported on Form(s) 8949 with Box
A checked
2
Totals for all transactions reported on Form(s) 8949 with Box
B checked
3
Totals for all transactions reported on Form(s) 8949 with Box
C checked
4
Short-term gain from Form 6252 and short-term gain or (loss)
from Forms 4684, 6781, and 8824
4
5
Net short-term gain or (loss) from partnerships, S corporations,
estates, and trusts from Schedule(s) K-1
5
6
Short-term capital loss carryover. Enter the amount, if any,
from line 8 of your Capital Loss Carryover Worksheet in the
instructions
6
( )
25. 7
Net short-term capital gain or (loss). Combine lines 1a through
6 in column (h). If you have any long-term capital gains or
losses, go to Part II below. Otherwise, go to Part III on the
back
7
Part II
Long-Term Capital Gains and Losses—Generally Assets Held
More Than One Year (see instructions)
See instructions for how to figure the amounts to enter on the
lines below.
This form may be easier to complete if you round off cents to
whole dollars.
(d) Proceeds(sales price)
(e)Cost(or other basis)
(g) Adjustmentsto gain or loss from Form(s) 8949, Part II,line
2, column (g)
(h) Gain or (loss) Subtract column (e) from column (d) and
combine the result with column (g)
8a
Totals for all long-term transactions reported on Form 1099-B
for which basis was reported to the IRS and for which you have
no adjustments (see instructions). However, if you choose to
report all these transactions on Form 8949, leave this line blank
and go to line 8b
8b
Totals for all transactions reported on Form(s) 8949 with Box
D checked
9
26. Totals for all transactions reported on Form(s) 8949 with Box
E checked
10
Totals for all transactions reported on Form(s) 8949 with Box
F checked
11
Gain from Form 4797, Part I; long-term gain from Forms 2439
and 6252; and long-term gain or (loss) from Forms 4684, 6781,
and 8824
11
12
Net long-term gain or (loss) from partnerships, S corporations,
estates, and trusts from Schedule(s) K-1
12
13
Capital gain distributions. See the instructions
13
14
Long-term capital loss carryover. Enter the amount, if any, from
line 13 of your Capital Loss Carryover Worksheet in the
instructions
14
( )
15
Net long-term capital gain or (loss). Combine lines 8a through
14 in column (h). Then go to Part III on the back
15
For Paperwork Reduction Act Notice, see your tax return
instructions.
Cat. No. 11338H
Schedule D (Form 1040) 2018
Schedule D (Form 1040) 2018
27. Page 2
Part III
Summary
16
Combine lines 7 and 15 and enter the result
16
• If line 16 is a gain, enter the amount from line 16 on Schedule
1 (Form 1040), line 13, or Form 1040NR, line 14. Then go to
line 17 below.
• If line 16 is a loss, skip lines 17 through 20 below. Then go to
line 21. Also be sure to complete line 22.
• If line 16 is zero, skip lines 17 through 21 below and enter -0-
on Schedule 1 (Form 1040), line 13, or Form 1040NR, line 14.
Then go to line 22.
17
Are lines 15 and 16 both gains?
Yes. Go to line 18.
No. Skip lines 18 through 21, and go to line 22.
18
If you are required to complete the 28% Rate Gain
Worksheet (see instructions), enter the amount, if any, from line
7 of that worksheet ▶
18
19
If you are required to complete the Unrecaptured Section 1250
Gain Worksheet (see instructions), enter the amount, if any,
from line 18 of that worksheet ▶
19
20
Are lines 18 and 19 both zero or blank?
Yes. Complete the Qualified Dividends and Capital Gain Tax
Worksheet in the instructions for Form 1040, line 11a (or in the
instructions for Form 1040NR, line 42). Don't complete lines 21
and 22 below.
28. No. Complete the Schedule D Tax Worksheet in the
instructions. Don't complete lines 21 and 22 below.
21
If line 16 is a loss, enter here and on Schedule 1 (Form 1040),
line 13, or Form 1040NR, line 14, the smaller of:
• The loss on line 16; or
• ($3,000), or if married filing separately, ($1,500)
}
21
( )
Note: When figuring which amount is smaller, treat both
amounts as positive numbers.
22
Do you have qualified dividends on Form 1040, line 3a, or Form
1040NR, line 10b?
Yes. Complete the Qualified Dividends and Capital Gain Tax
Worksheet in the instructions for Form 1040, line 11a (or in the
instructions for Form 1040NR, line 42).
No. Complete the rest of Form 1040 or Form 1040NR.
Schedule D (Form 1040) 2018
f1_01: f1_02: f1_03: f1_04: f1_05_RO: f1_06: f1_07: f1_08:
f1_09: f1_10: f1_11: f1_12: f1_13: f1_14: f1_15: f1_16: f1_17:
f1_18: f1_19: f1_20: f1_21: f1_22: f1_23: f1_24: f1_25_RO:
f1_26: f1_27: f1_28: f1_29: f1_30: f1_31: f1_32: f1_33: f1_34:
f1_35: f1_36: f1_37: f1_38: f1_39: f1_40: f1_41: f1_42: f1_43:
f2_01: c2_1: 0f2_02: f2_03: c2_2: 0f2_04: c2_3: 0
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Chapter 4: Additional Income and the Qualified Business
Income Deduction Group 5: Cumulative Software Problem
Book Title: Income Tax Fundamentals, 2019 Edition
Printed By: Ahmed Almadan ([email protected])
© 2019 Cengage Learning, Cengage Learning
Chapter Review
Group 5: Cumulative Software Problem
1. The following additional information is available for the
Albert and Allison Gaytor
family.
The Gaytors own a rental beach house in Hawaii. The beach
house was rented for the
full year during 2018 and was not used by the Gaytors during
the year. The Gaytors
were active participants in the management of the rental house.
Pertinent information
about the rental house is as follows:
Address: 1237 Pineapple St., Lihue, HI 96766
Gross rental income $20,000
Mortgage interest 7,850](https://image.slidesharecdn.com/41019857pmprintpreviewpage1of13fileusersahm-221009213308-c564225b/85/41019-8-57-PMPrint-PreviewPage-1-of-13fileUsersahm-1-320.jpg)
