Tax Return for Debra Simon Assignment

Debra Simon is a single taxpayer. She is employed as a corporate attorney and lives at 1400 Sand Dollar Circle, Sandville, FL 33868. Her social security number is 412-34-5670. For tax year 2018, Debra had the following income information:

Wages Social security withholding Medicare withholding Federal income tax withheld State income tax withheld New Bank 1099-INT Hope Bank 1099-INT $ 155,000 $7,960.80 $2,248 $32,050 -0- $5,500 $3,875 Debra had the following stock transactions during 2018. A 1099-B was received for the proceeds of each sale: Transaction 300 sh. IBM 200 sh. SMI 100 sh. BMI 300 sh. ABC 300 sh. DDC 300 sh. PPC 4,000 sh. LLP 1,500 sh. QQM Purchased 01/05/11 01/05/11 03/05/17 07/05/18 05/12/18 01/05/11 Inherited Inherited Sold 5/11/18 5/15/18 4/12/18 9/15/18 10/11/18 5/11/18 12/11/18 5/11/18 Proceeds Cost $ 16,500 $14,100 41.000 41.800 10,500 11,400 16,500 14,100 45,000 51,000 5,000 2,800 436,000 41.325 Sale Expenses $ 875 2.050 525 825 2,250 250 21,800 2.066 * Debra inherited the LLP stock and the QQM stock when her father passed away on May 1, 2018. Debra's father purchased the LLP stock in 1967 for $35,000. The FMV of the LLP stock at the date of death was $415,500. The QQM stock was purchased by Debra's father on February 6, 2017, for $49,000. The FMV of the QQM stock at the date of death was $49,600 Debra also sold her wine collection for $38,000. She had purchased the wine on January 5, 2013, for a total of $19,000. Debra has a capital loss carryover from 2017 of $11,700: $3,000 short-term and $8,700 long-term. Debra rents a condo (no mortgage interest) and lives in Florida (no state income tax). Thus she claims the standard deduction. Required Complete the 2018 tax return for Debra Simon. You do not need to complete the loss carryover worksheet but do need to enter the carryover amount in the appropriate place on Schedule D. She wants to contribute to the presidential election campaign and does not want anyone to be a third-party designee. Debra had qualifying health care coverage at all times during the tax year. For any missing information, make reasonable assumptions. Get Accounting homework help today

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Our customer is the center of what we do and thus we offer 100% original essays..
By ordering our essays, you are guaranteed the best quality through our qualified experts.All your information and everything that you do on our website is kept completely confidential.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

The paper ordered is very original. Orders are checked by the most advanced anti-plagiarism software in the industry which ensures that the the essay written is 100% original. In that regard,we have a zero tolerance policy for plagiarism.

Read more

Free-revision policy

Our Company thrives on excellence and thus we help ensure the Customer’s total satisfaction with the completed Order.To do so, we provide a Free Revision policy as a courtesy service. To receive free revision the Company requires that the Customer provides the request within Fifteen (15) days from the first completion date and within a period of thirty (30) days for dissertations and research papers.

Read more

Privacy policy

The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.

Read more

Fair-cooperation guarantee

By placing an order with us, you agree to the service we provide. We will endeavor to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages