Bea Jones (birthdate March 27, 1984) moved from Texas to Florida in December 2016. She...
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Bea Jones (birthdate March 27, 1984) moved from Texas to Florida in December 2016. She lives at 654 Ocean Way, Gulfport, FL 33707. Bea's Social Security number is 466-78-7359 and she is single. Her earnings and income tax withholding for 2017 for her job as a manager at a Florida shrimp-processing plant are: Earnings from the Gulf Shrimp Co. $42,325 Federal income tax withheld 6,200 State income tax withheld 0 Bea's other income includes interest on a savings account at Beach National Bank of $2,175 and $620 per month alimony from her ex-husband. During 2017, Bea paid the following amounts (all of which can be substantiated): Home mortgage interest $8,620 Auto loan interest 2,300 State sales tax 820 Property taxes on personal residence 3,233 Unreimbursed hospital bills 3,250 Doctor bills 2,612 Other medical expenses 720 Income tax preparation fee 600 Job-hunting expenses 925 Union dues 800 In July 2017, someone broke into Bea's house and stole a diamond ring she had purchased in 2004. The diamond ring had a fair market value of $9,600 and a tax basis to Bea of $8,000. The ring was uninsured. Required: Complete Bea's federal tax return for 2017. Use Form 1040, Schedule A, Schedule B, and Form 4684, to complete this tax return. Make realistic assumptions about any missing data.
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