Complete the following 1040 with a Schedule D attached. Nathan and Phoebe Wheeler Nathan and Phoebe Wheeler are married and live together. Nathan is employed in the health care industry. During the year, the Wheelers sold some stock that they owned. They brought in these forms and said they had no record of what they paid for the stock they purchased on May 24, 2011.
ACC 618 Final Project Return #4 LLC TAX RETURN Company General Information: The Employer Identification Number (EIN) is 40 0004012, the legal name of the partnership is Snow Beauty, LLC and the address is 1234 University Ave. Montpelier, VT 02611. Snow Beauty creates winter landscapes for clients homes, and its principal business code number is 525300. Snow Beauty (a domestic Limited Liability Company) started business in Vermont on May 12, 2000, and it uses the accrual method of accounting. Snow Beauty is a Limited Liability Company formed by Snow White and Belle Beauty. They were the only principals in 2012, and they were both actively involved in the business. The information to prepare the tax return for Snow Beauty is presented in the following tables. Partner Information: Social Security Number 400002001 400002002 Name Snow White Belle Beauty Address 114 Evil Queen Place 1834 Provencial Street ZIP, city, state Montpelier, VT 02611 Montpelier, VT 02611 Resident state Vermont Vermont Type of partner Principal Principal Type of partner Domestic (US Citizen) Domestic (US Citizen) Type of partner Individual Individual Partners’ beginning capital account 224,407 224,407 Distribution (6/30/2011) 70,000 70,000 Profits and Losses are split 50/50 between both partners
Attachments:
case 4 Snow ….pdf
Return 1 D….docx