20. (Obj. 4) On January 2, 2000, Janis R. Jetson (SSN 344-465768) 224. The costs
ID: 2444913 • Letter: 2
Question
20. (Obj. 4) On January 2, 2000, Janis R. Jetson (SSN 344-465768) 224. The costs of the land apartment building at 1626 Flat Street, Detroit, Michigan 48270-8224. Theas and building were $10,000 and $41.250, respectively. Both apartments are the sahe land and building were $10,000 and $41,250, respectively. Both a one on the ground foor and the other upstairs. Janis has lived in the upstairsam sw one on the ground fHoor and she acquired the building. The tenant in the ground-floor apartment at the time etsin was purchased has continued to rent from Janis. The tenant pays $350 a mone the apartment 50 a month in rent. On June 30 the tenant moved out. The apartment was vacant until August 1, even th On advertised and attempted to rent it. On August 1, a new tenant moved in, $400 per month. Rent is due on the first day of the month. Janis uses MACRsg rent of the rental portion of the building. Information on the apartment follows:ereciate nis uses MACRS to r, paying tent Revenue Rent from the first tenant (6 months x $350) Rent from the second tenant (5 months × $400) Total revenue $2,100 2,000 $4,100 Expenses Entire house: Real estate taxes Janitor and yard work Electricity Repairs Heat (gas) nterest on mortgage Insurance Expenses other than depreciation $1,700 160 440 300 800 1,100 376 $4,876 and water Ground-floor apartment: Advertising Cleaning and maintenance Repairs 100 420 70 $590 Upstairs apartment: epairs Cleaning and maintenance 480 In addition to the rental property, Janis works as an administrative assistant and earned $17,600 in wages. From this amount, $660 of federal income tax was withheld. Janis also earned $147 in interest from Bank of America. Janis is single and has no dependents. Prepare Janis Jetson's tax return. Janis is single and 68-years-old. She does not want to contribute S3 to the presidential campaign fund. She signs her return on April 10, 2015.Explanation / Answer
Total income
she will get refund from the department
21187
Rent 4100 salary 16940 Interest 147
Total income
she will get refund from the department
21187
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