Prepare a 2016 form 1040 for jorge and all related


Jorge Gomez is a single taxpayer. His SSN is 412-34-5670, and he lives at 5037 Circle Court, Crestview, IL 60543. His W-2 for 2017 shows gross wages of $94,850 with $5,881 of social security and $1,375 of Medicare taxes withheld. He has $17,047 of federal withholding and $2,595 in state withholding. Jorge does not itemize. He had the following stock transactions for the year: Stock Shares Date Purchase DateSoldSale PriceCost Basis5,500 7/8/15 9/21/16 $15,000 $18,000800 3/12/16 10/21/16 43,000 47,0002,800 2/13/09 10/21/16 30,000 22,000 He also has interest from a savings account with Local Neighborhood Bank of $250 and a dividend from a Form 1099-DIV of $1,600 in ordinary dividends, of which $1,350 are considered qualified dividends. Prepare a 2016 Form 1040 for Jorge and all related schedules and forms. Jorge had qualifying health care coverage at all times during the tax year. (Input all the values as positive numbers.) Use the appropriate Tax Tables.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Prepare a 2016 form 1040 for jorge and all related
Reference No:- TGS02819349

Expected delivery within 24 Hours