Advanced Scenario 7: Elliot and Kathy Blackburn (2016)
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Advanced Scenarios 85 Advanced Scenario 7: Elliot and Kathy Blackburn Directions Using the tax software, complete the tax return, including Form 1040 and all appropri- ate forms, schedules, or worksheets. Answer the questions following the scenario. Note: When using the Link & Learn Taxes Practice Lab, complete the Social Security numbers and employer identification numbers by replacing the Xs with your User ID. In classroom situations, replace the Xs with the numbers provided by your instructor. Interview Notes • Elliot retired and began receiving retirement income on March 1, 2015. No distributions were received prior to his retirement. Elliot did not select a joint survivor annuity for these payments. • Elliot brought last year’s tax return. It includes a capital loss carryover worksheet. • Elliot and Kathy want to file a joint return. They provided all the cost of keeping up the home and all of the support for their son Carter. • Elliot had Medicare Part A and Part B health coverage all year. Kathy and Carter did not have health insurance at all for 2015. • Kathy and Carter do not qualify for any health insurance coverage exemptions. • Carter has no filing requirement.
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Advanced Scenario 7: Elliot and Kathy Blackburn (2016)
Transcript of Advanced Scenario 7: Elliot and Kathy Blackburn (2016)
Advanced Scenarios 85
Advanced Scenario 7: Elliot and Kathy Blackburn
Directions
Using the tax software, complete the tax return, including Form 1040 and all appropri-ate forms, schedules, or worksheets. Answer the questions following the scenario.
Note: When using the Link & Learn Taxes Practice Lab, complete the Social Security numbers and employer identification numbers by replacing the Xs with your User ID. In classroom situations, replace the Xs with the numbers provided by your instructor.
Interview Notes
• Elliot retired and began receiving retirement income on March 1, 2015. No distributions were received prior to his retirement. Elliot did not select a joint survivor annuity for these payments.
• Elliot brought last year’s tax return. It includes a capital loss carryover worksheet.
• Elliot and Kathy want to file a joint return. They provided all the cost of keeping up the home and all of the support for their son Carter.
• Elliot had Medicare Part A and Part B health coverage all year. Kathy and Carter did not have health insurance at all for 2015.
• Kathy and Carter do not qualify for any health insurance coverage exemptions.
• Carter has no filing requirement.
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