During the current year, Ron and Anne sold the following assets: Capital Asset Market Value Tax Basis Holding Period
L stock $50,000 $41,000 > 1 year
M stock 28,000 39,000 > 1 year
N stock 30,000 22,000 < 1 year
O stock 26,000 33,000 < 1 year
Antique 7,000 4,000 < 1 year
Rental home 350,000* 90,000 > 1 year
*$30,000 of the gain is 25 percent gain (from accumulated depreciation on the property).
For stocks, assume basis has been reported to IRS.
Ron and Anne have $35,000 qualified dividends.
In addition to the above transactions, Ron and Anne have salaries of $424,400 [$220,000 for Ron; $204,400 for Anne] and the correct amount of FICA and Medicare taxes have been withheld. They choose to use the standard deduction. Both are under age 65. Ron and Anne have one rental home (residential rental) for which they receive $20,000 in rental income and have the following rental expenses: Real estate taxes, $10,800, Mortgage interest, $11,000, property insurance $1,428, and depreciation $5,200. They actively participate in the management of this property.
Form 1040 (and Schedules 1, 2, and 3 if needed)
Schedule B
Schedule D
Schedule E
Form 4797
Form 8582
Form 8949
Form 8959
Form 8960
Any other required form
Complete Ron and Anne’s 2020 tax return. Include your Schedule D worksheet in your return for this assignment even though it is not a filing form.

Prior to its closing, income summary had total debits of $1,190,500 and total credits of $1,476,300. what purpose is served by the income summary account and what is the nature of the entries that resulted in the $1,190,500 and the $1,476,300? the income summary account is used to the accounts. the $1,190,500 represents the , and the $1,476,300 represents . the company had of $ .

Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance

This problem has been solved! see the answercompute and interpret altman's z-scoresfollowing is selected financial information for ebay, for its fiscal years 2005 and 2006.(in millions, except per share data) 2006 2005current assets $ 4,970.59 $ 3,183.24current liabilities 2,518.39 1,484.93total assets 13,494.01 11,788.99total liabilities 2,589.38 1,741.00shares outstanding 1,368.51 1,404.18retained earnings 4,538.35 2,819.64stock price per share 30.07 43.22sales 5,969.74 4,552.40earnings before interest and taxes 1,439.77 1,445.18compute and interpret altman z-scores for the company for both years. (do not round until your final answer; then round your answers to two decimal places.)2006 z-score = answer2005 z-score = answerwhich of the following best describes the company's likelihood to go bankrupt given the z-score in 2006 compared to 2007.the z-score in 2006 is half of the 2005 score. both z-scores are well above the score that represents a healthy company.the z-score in 2006 is double the 2005 score. the z-score has increased sharply, which suggests the company has greatly increased the risk of bankruptcy.the z-score in 2006 is half of the 2005 score. the z-score has decreased sharply, which suggests the company is in financial distress.the z-score in 2006 is double the 2005 score. the z-score has increased sharply, which suggests the company has greatly lowered the risk of bankruptcy.