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
Antiques 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.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answermeasured by how well she or he does the job'; /

it established new limitations on use and disclosure for marketing purposes, prohibited selling medical information, expanded individuals’ rights to accessing their own information, and to obtain restrictions from certain disclosures of protected heath information to health plans.

false! basically!

i hope i'm correct.