Skylar and Walter Black have been married for 25 years. Theylive at 883 Scrub Brush Street, Apt. 52B, Las Vegas, NV 89125.Skylar is a homemaker and Walter is a high school teacher. His W-2form is located on the next tab. Skylar's Social Security number is222-43-7690 and Walt's is 700-01-0002. Neither are age 65 or older.The Blacks provide all the support for Skylar's mother, RebeccaBackin (Social Security number 411-66-2121), who lives in a nursinghome in Reno, NV and has no income. Walter's father, Alton Black(Social Security number 343-22-8899), lives with the Blacks in LasVegas. Although Alton received Social Security benefits of $7,600in 2018, the Blacks provide over half of Alton's support.
The Blacks moved from Maine to Nevada. As a result, they soldtheir house in Maine on January 4, 2018. They originally paid$76,000 for the home on July 3, 1993, but managed to sell it for$604,000. They spent $13,000 on improvements over the years. Theyare currently renting in Las Vegas while they look for a newhome.
The school district reimbursed Walter $550 for moving expenses.These are reflected on his W-2 (see separate tab). Walter’sprevious job, as a high school teacher in Maine, was only 5 milesfrom his home. Skylar was unemployed prior to the move.
The Blacks received a 1099-DIV from their mutual fundinvestments (see separate tab).
The Blacks own a ski condo located at 123 Buncombe Lane, BrianHead, UT 84719. The condo was rented for 184 days during 2018 andused by the Blacks for 16 days. Pertinent information about thecondo rental is as follows:
| Rental income | $12,000 |
| Mortgage interest reported on Form 1098 | 8,600 |
| Homeowners' association dues | 5,200 |
| Utilities | 1,200 |
| Maintenance | 3,800 |
| Depreciation (assume fully depreciated) | 0 |
Required:
Complete Form 1040 and the schedules and forms provided for theBlacks.
- Assume the taxpayers had health coverage for the entireyear.
- Neither taxpayers wants to contribute to thepresidential election campaign.
- If an amount box does not require an entry or theanswer is zero, enter "0".
- Do not round any percentages.
- If required, round your answers to the nearestdollar.
- If required, enter a "loss" as a negative number on thetax form. Do not enter deductions as negativenumbers.
- Special instructions for Form 8582: Ifrequired, use the minus sign to enter a "loss" as a negative numberon the lines 1d, 4 and 16. However, per the instructions on the taxreturn, enter all numbers in Part II as positiveamounts.
-------------------------------Complete Form 1040,Schedule 1, Schedule D, Form 8949, Schedule E, Form8582--------------------------------------------------------------------------------
