Rebecca and Walter Bunge have been married for 5 years. They live at 883 Scrub Brush Street, Apt. 52B, Las Vegas, NV 89125. Rebecca is a homemaker and Walt is a high school teacher. Rebeccas Social Security number is 222-43-7690 and Walts is 700-01-0002. Walts earnings from teaching are:

Earnings from Las Vegas School Dist.	$50,400
Federal income tax withheld	5,000
State income tax withheld	0

The Bunges incurred the following expenses during their move from Maine to Nevada in January of 2015:

Cost of moving furniture	$4,200
Travel (3,166 miles at $0.23)	728
Lodging en route	250
Meals en route	90
House-hunting trip before the move	750

Walters previous job, as a high school teacher in Maine, was only 5 miles from his home. Rebecca was unemployed prior to the move.

The Bunges own a ski condo located at 123 Buncombe Lane, Brian Head, UT 84719. The condo was rented for 185 days during 2015 and used by the Bunges for 15 days. Pertinent information about the condo rental is as follows:

Rental income	$16,000
Mortgage interest	8,800
Homeowners association dues	5,000
Utilities	1,000
Maintenance	3,800
Depreciation (assume fully depreciated)	0

The above amounts do not reflect any allocation between rental and personal use of the condo. The Bunges are active managers of the condo.

Required: Complete the Bunges federal tax return for 2015. Use Form 1040, Schedule E, and Form 3903 and Form 8582 (page one only) to complete their tax return.

SCHEDULE E (Form 1040) Department of the Treasury Internal Revenue Service (99)	Supplemental Income and Loss (From rental real estate, royalties, partnerships, S corporations, estates, trusts, REMICs, etc.) a Attach to Form 1040, 1040NR, or Form 1041. a Information about Schedule E and its separate instructions is at www.irs.gov/schedulee.		OMB No. 1545-0074
			2015 Attachment Sequence No. 13
Name(s) shown on return		Your social security number

Part I Income or Loss From Rental Real Estate and Royalties Note: If you are in the business of renting personal property, use

Schedule C or C-EZ (see instructions). If you are an individual, report farm rental income or loss from Form 4835 on page 2, line 40.

A Did you make any payments in 2015 that would require you to file Form(s) 1099? (see instructions) B If Yes, did you or will you file required Forms 1099?		Yes Yes	No No
personal use days. Check the QJV box

1a Physical address of each property (street, city, state, ZIP code) A B C 1b Type of Property (from list below) 2 For each rental real estate property listed above, report the number of fair rental and Fair Rental Days Personal Use Days QJV A only if you meet the requirements to file as a qualified joint venture. See instructions. A B B C C

Type of Property:

Single Family Residence

Multi-Family Residence

Vacation/Short-Term Rental

Commercial

Land

Royalties

Self-Rental

Other (describe)

Income:		Properties:		A		B		C
3	Rents received . . . . . . . . . . . . .		3
4	Royalties received . . . . . . . . . . . .		4
Expenses: 5 Advertising . . . . . . . . . . . . . . Auto and travel (see instructions) . . . . . . . Cleaning and maintenance . . . . . . . . . 8 Commissions. . . . . . . . . . . . . . 9 Insurance . . . . . . . . . . . . . . . Legal and other professional fees . . . . . . . Management fees . . . . . . . . . . . . Mortgage interest paid to banks, etc. (see instructions) 13 Other interest. . . . . . . . . . . . . . 14 Repairs. . . . . . . . . . . . . . . . 15 Supplies . . . . . . . . . . . . . . . 16 Taxes . . . . . . . . . . . . . . . . 17 Utilities . . . . . . . . . . . . . . . . Depreciation expense or depletion . . . . . . . Other (list) a Total expenses. Add lines 5 through 19 . . . . . Subtract line 20 from line 3 (rents) and/or 4 (royalties). If result is a (loss), see instructions to find out if you must file Form 6198 . . . . . . . . . . . . . Deductible rental real estate loss after limitation, if any, on Form 8582 (see instructions) . . . . . . .			5
			6
			7
			8
			9
			10
			11
			12
			13
			14
			15
			16
			17
			18
			19
			20
			21
			22	(	)	(	)	(	)
23a b c d e	Total of all amounts reported on line 3 for all rental properties . . . . Total of all amounts reported on line 4 for all royalty properties . . . . Total of all amounts reported on line 12 for all properties . . . . . . Total of all amounts reported on line 18 for all properties . . . . . . Total of all amounts reported on line 20 for all properties . . . . . .				23a
					23b
					23c
					23d
					23e
24 25 26	Income. Add positive amounts shown on line 21. Do not include any losses . . . . . . . Losses. Add royalty losses from line 21 and rental real estate losses from line 22. Enter total losses here Total rental real estate and royalty income or (loss). Combine lines 24 and 25. Enter the result here. If Parts II, III, IV, and line 40 on page 2 do not apply to you, also enter this amount on Form 1040, line 17, or Form 1040NR, line 18. Otherwise, include this amount in the total on line 41 on page 2 . . . .						24
							25	(	)
							26

Schedule E (Form 1040) 2015 Attachment Sequence No. 13 Page 2

Name(s) shown on return. Do not enter name and social security number if shown on other side. Your social security number

Caution. The IRS compares amounts reported on your tax return with amounts shown on Schedule(s) K-1.

Part II Income or Loss From Partnerships and S Corporations Note: If you report a loss from an at-risk activity for which

any amount is not at risk, you must check the box in column (e) on line 28 and attach Form 6198. See instructions.

27 Are you reporting any loss not allowed in a prior year due to the at-risk, excess farm loss, or basis limitations, a prior year unallowed loss from a passive activity (if that loss was not reported on Form 8582), or unreimbursed partnership expenses? If you answered Yes, see instructions before completing this section. Yes No

28 (a) Name

(b) Enter P for partnership; S for S corporation

(c) Check if foreign partnership

(d) Employer identification number

(e) Check if any amount is not at risk

A

B

C

D

Passive Income and Loss

Nonpassive Income and Loss

(f) Passive loss allowed (attach Form 8582 if required)

(g) Passive income from Schedule K-1

(h) Nonpassive loss from Schedule K-1

(i) Section 179 expense deduction from Form 4562

(j) Nonpassive income from Schedule K-1

A

B

C

D

29a Totals b Totals

30 Add columns (g) and (j) of line 29a . . . . . . . . . . . . . . . . . . . . . 31 Add columns (f), (h), and (i) of line 29b . . . . . . . . . . . . . . . . . . . 32 Total partnership and S corporation income or (loss). Combine lines 30 and 31. Enter the result here and include in the total on line 41 below . . . . . . . . . . . . . . .

30

31

(

)

32

Part III Income or Loss From Estates and Trusts

33 (a) Name								(b) Employer identification number
A
B
Passive Income and Loss						Nonpassive Income and Loss
(c) Passive deduction or loss allowed (attach Form 8582 if required)				(d) Passive income from Schedule K-1		(e) Deduction or loss from Schedule K-1		(f) Other income from Schedule K-1
A
B
34a Totals b Totals
35 Add columns (d) and (f) of line 34a . . . . . . . . . . . . . . . . . . . . 36 Add columns (c) and (e) of line 34b . . . . . . . . . . . . . . . . . . . . 37 Total estate and trust income or (loss). Combine lines 35 and 36. Enter the result here and include in the total on line 41 below . . . . . . . . . . . . . . . . . . . .								35
								36	(	)
								37

Part IV Income or Loss From Real Estate Mortgage Investment Conduits (REMICs)Residual Holder

38 (a) Name	(b) Employer identification number	(c) Excess inclusion from Schedules Q, line 2c (see instructions)		(d) Taxable income (net loss) from Schedules Q, line 1b		(e) Income from Schedules Q, line 3b
39 Combine columns (d) and (e) only. Enter the result here and include in the total on line 41 below						39

Part V Summary

Net farm rental income or (loss) from Form 4835. Also, complete line 42 below . . . . . . Total income or (loss). Combine lines 26, 32, 37, 39, and 40. Enter the result here and on Form 1040, line 17, or Form 1040NR, line 18 a				40
				41
Reconciliation of farming and fishing income. Enter your gross farming and fishing income reported on Form 4835, line 7; Schedule K-1 (Form 1065), box 14, code B; Schedule K-1 (Form 1120S), box 17, code V; and Schedule K-1 (Form 1041), box 14, code F (see instructions) . . Reconciliation for real estate professionals. If you were a real estate professional (see instructions), enter the net income or (loss) you reported anywhere on Form 1040 or Form 1040NR from all rental real estate activities in which you materially participated under the passive activity loss rules . .
	42
	43		Form 3903 Department of the Treasury Internal RevenueService (99) MovingExpenses Information about Form 3903 and itsinstructions isavailable at www.irs.gov/form3903. Attach to Form 1040 or Form 1040NR. OMBNo. 1545-0074 2015 Attachment Sequence No. 170 Name(s) shown on return Your socialsecurity number Beforeyoubegin: See the Distance Test and Time Test in the instructions to find out if you can deduct your moving expenses. See Membersof the Armed Forces in the instructions, if applicable. Transportation and storage of household goodsand personal effects (see instructions) . . . . . Travel (including lodging) from your old home to your new home (see instructions). Do not include the cost of meals . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter the total amount your employer paid you for the expenses listed on lines 1 and 2 that is not included in box 1 of your Form W-2 (wages). This amount should be shown in box 12 of your Form W-2 with code P . . . . . . . . . . . . . . . . . . . . . . . . . . . . Is line 3 more than line 4? No. You cannot deduct your moving expenses. If line 3 is less than line 4, subtract line 3 from line 4 and include the result on Form 1040, line 7, or Form 1040NR, line 8. Yes. Subtract line 4 from line 3. Enter the result here and on Form 1040, line 26, or Form 1040NR, line 26.This isyour moving expense deduction . . . . . . . . . . . . . 1 2 3 4 5 For PaperworkReduction Act Notice,see your tax return instructions. Cat. No. 12490K Form 3903 (2015)

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