Business
Business, 13.10.2020 04:01, xlajbd

Skylar and Walter Black have been married for 5 years. They live at 883 Scrub Brush Street, Apt. 52B, Las Vegas, NV 89125. Skylar is a homemaker and Walter is a high school teacher. His W-2 form is located on the next tab. Skylar's Social Security number is 222-43-7690 and Walt's is 700-01-0002.The Blacks incurred the following expenses during their move from Maine to Nevada in January of 2017:Cost of moving furniture $4,775Travel (2,988 miles at $0.17) 508Lodging en route 520Meals en route 90House-hunting trip before the move 750The school district reimbursed Walter $550 for moving expenses. These are reflected on his W-2. Walter’s previous job, as a high school teacher in Maine, was only 5 miles from his home. Skylar was unemployed prior to the move. The Blacks own a ski condo located at 123 Buncombe Lane, Brian Head, UT 84719. The condo was rented for 183 days during 2017 and used by the Blacks for 17 days. Pertinent information about the condo rental is as follows:Rental income $16,000Mortgage interest reported on Form 1098 8,600Homeowners' association dues 5,200Utilities 1,200Maintenance 3,800Depreciation (assume fully depreciated) 0The above amounts do not reflect any allocation between rental and personal use of the condo. The Blacks are active managers of the condo. Required:Complete Form 1040 and the schedules and forms provided for the Blacks. If an amount box does not require an entry or the answer is zero, enter "0".Do not round any percentages. If required, round your answers to the nearest dollar. If required, enter a "loss" as a negative number on the tax form. Do not enter deductions as negative numbers. Note: Special instructions for Form 8582: If required, use the minus sign to enter a "loss" as a negative number on the lines 1d, 4 and 16. However, per the instructions on the tax return, enter all numbers in Part II as positive amounts.

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Skylar and Walter Black have been married for 5 years. They live at 883 Scrub Brush Street, Apt. 52B...

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