Accounting Turbo Tax
Facts50 Sheet Legal Pad unt1University of Miami

Our clients Grover McKinley, DOB: 7/28/1971, SS# 990-02-2019 and Lucretia McKinley, DOB: 1/28/1966, SS# 989-35-0060 have been married for 25 years. FALSE TRUE city Coral Gables Coral Gables0 1 144 state FL FL
They live at 1245 Flagler Avenue Coral Gables, FL 33143. 4 258 zip 33143 33143NUMR 2245 SalesTaxPercent 0.07 7.000%
Grover is an accountant and Lucretia is a small business consultant. 0000 StateIncomeTax 0 0.000%2245 CityIncomeTax 0 0%
Frederick, their child was born 5/26/1998. Frederick has received a 1098-T for attending the first semester at Coral Gables Community College SS#, 991-46-0028. Frederick is a fulltime student and lived at home and Frederick’s parents paid for more than half of Frederick’s living expenses. Local Address 1245 Flagler Avenue 1245 Flagler AvenueName of School University of Miami
Avery, their new baby was born 7/28/2018. Her SS number is, 986-64-0067. Andrew James born 5/25/2010, SS# 987-64-0014 is a first cousin of Lucretia and lived with her since February of 2016. Lucretia provided 80% of Andrew’s support. Andrew’s total income for the year was $3,000.00.
Grover received a W2 from Deloitte Touche and a W2 from KPMG, and did not participate in an employer provided retirement plan during the year. Lucretia inherited $ 90,000 from her grandfather in September 2018.daughter
Lucretia received a K1 from MNH Corp. in which she did not materially participate although all her money was at risk. Lucretia paid estimated federal taxes of $4,293.00.
They received a 1099-INT from Wells Fargo Bank and $1,870 from Coral Gables Municipal General Revenue Bonds.
As per a 1098-I, Grover and Lucretia paid Wells Fargo Bank $7,400.00 in interest for the home mortgage. They also paid $4,025.00 in real estate taxes, $2,641.00 for homeowners insurance on the home and $264.10 to have it painted. 0NUMR1 4 1 LNAME1 McKinley Garfield
Other interest and taxes paid by Grover and Lucretia include: $1,320.00 interest on the loan for the Dodge, the personal automobile which is shared with Frederick, $396.00 interest on credit cards and general sales tax of $2,450.00 for which they have receipts. Note: the general sales tax rate is 7.00% NUMR2 2 2 Fname1 Grover JamesNUMR3 6 3 DOBM1 7 1
The total annual cost of medical insurance for the entire family was $15,221.00 and paid by Grover through an employer provided health insurance plan on an after-tax basis. Grover and Lucretia paid $2,797.00 for prescription drugs, $900.00 to doctors and dentists, and $3,000.00 to hospitals and clinics. These amounts were co-payments or amounts not covered by insurance. Contact lenses for Frederick that was not covered by insurance cost $650.00 and cosmetics and other non prescription items from the drug store cost $300.00. NUMR4 7 4 DOBD1 28 21NUMR5 2 5 DOBYY1 1971 1973
Lucretia started Coral Gables Consulting, as a cash method sole proprietorship, on April 15, 2009. The 2018 revenue associated with the business was $28,400.00. The following expenses were incurred $1,636.00 advertising, $9,250.00 supplies and postage of $347.73. She uses a desk in the corner of her bedroom as her office. 6 6 HomeAdd 927 321NUMR6 6 7 Fname2 Lucretia Jane
Lucretia uses a cell phone for business and another cell phone for non-business calls. The cost of the business cell phone was $2,582.00, while the cost of the private phone was $600.00. NUMR7 9 8 DOBM2 1 2NUMR8 4 9 DOBD2 28 24
Grover and Lucretia have the requisite statements from the charities supporting the following contributions to qualified charitable organizations: NUMR9 2 10 DOBYY2 1966 1964Cash of $2,850.00 given to Plymouth Church in Coral Gables on 5/7/2018. 11 FnameChild1 FrederickA sofa given to Goodwill in Coral Gables on 5/1/2018. The sofa was purchased on 7/28/2013 for $1,160.00 and the fair market value (based upon comparable sales in thrift shops) at the date of contribution was $170.00. 2 12 FnameChild2 Avery AveryOne hundred shares of Home Depot Inc. was given to the University of Miami. The stock was purchased on 1/3/2017 for $1,600.00. When it was donated on 10/6/2018 it had a value of $2,900.00 based on the sale of other shares that same day. 2 13 DOBMC1 5 3NUMR10 5 14 DOBdC1 26 21
Grover and Lucretia sold 200 shares of Home Depot Inc. stock. The stock was purchased on 1/3/2018 for $3,200.00 and was sold on 10/6/2018 for $5,800.00. On 12/6/2018 they sold 200 shares of Sub Prime Mortgage Corporation for $1,500.00 which cost $5,300.00 when purchases on 3/24/2009. 6 15 DOBYYC1 1998 20008 16 SSNUM1 990-02-2019
Grover paid $245.00 for subscriptions to professional journals and attended a professional conference in New Orleans. He paid a registration fee of $200.00, $371.00 for airfare, $580.00 for hotel and $254.00 for meals. These items were not reimbursed. 9 17 SSNum1A 2 216 18 SSNum1B 2019 2025
Grover and Lucretia paid $150.00 in April of 2018 for the preparation of the 2017 tax return and $45.00 for a safe deposit box rental fee that was used for the storage of investment securities. 9 19 SSNum1C 990 9998 20 SSNUM2 989-35-0060 999-54-0054
Lucretia contributed $3,000.00 to a traditional individual retirement account on December 18, 2018. This was the first time she contributed to an IRA. 9 21 SSNum2A 35 546 22 SSNum2B 60 54
On September 8, a freak tornado damaged their home. They filed a claim with their insurance company but received only $12,500.00 due to the high deductable on their policy. The home had a cost of $260,000.00 when they purchased it on 7/2/2001. It was valued at $360,000.00 before the incident and $300,500.00 immediately after. 9 23 SSNum2C 989 9988 24 SSNUMC1 991-46-0028
Grover and Lucretia went to Las Vegas three times in 2018. The total cost of airfare, trportation, meals and expenses were $5,700.00. During the year the gambling winnings were $4,400.00 while the gambling losses were $5,300.00. A W-2G was not received. 2 25 SSNUMC1A 46 449 26 SSNUMC1B 28 298 27 SSNUMC1C 991 9995 28 SSNUMC2 986-64-00678 29 SSNUMC2A 64 849 30 SSNUMC2B 67 686 31 SSNUMC2C 986 9982 32 SSNumCousin 987-64-00148 33 SSNUMCousinA 64 849 34 SSNUMCousinB 14 336 35 SSNUMCousinC 987 9992 36 DOBCousin 5/25/2010 3/23/20108 37 CousinYears 2,016.00 06 38 – 02 39 1,722.254 40 Married 1 19 41 Occupation 1 an accountant an accountant2 429 43 08 44 05 45 03 46 08 47 02 48 02 49 rentYN 0 05 50 00 51 muniInterest 1870 18708 52 mortage 7399 83998 53 mortage 7400 84001 54 RealEstate 4025 39509 55 HomeownerIns 2641 27163 56 IntPerCar 1320 11706 57 IntCredCard 396 5215 58 Sales Tax$ 2450 22001 59 MedInsurance 15221 152214 60 MedDrugs 2797 33975 61 MedDoc 900 14009 62 MedHosp 3000 31009 63 MedGlass 650 7502 64 MedOvercounter 300 7009 65 BexpSupplies 9250 50008 66 BexpUtility 500 70000 67 BexpRent 300 3004 68 Bexpmeals 440 2802 69 BexpAdv 1636 22246 70 BexpComputer 3566 37427 71 BexpCmptrM 02 72 BexpCell 2582 25026 73 BexpInternet 447 3939 74 BexpPostage 347.73 359.734 75 BexpMeals 1031.45 1016.452 76 BexpCarCommute 2000 24005 77 BexpCarpersonal 4910 46104 78 BexpCarbusiness 7500 77402 79 BeexpCarCost 17200 188006 80 W2Wage 86000 920007 81 W2WageW 215007960.8 2 82 W2SSWage 1284006 83 W2SSWageW 0.0629 84 W2SSWageMax 1284004 85 W2SSWageSelf 0.1242 86 W2MedWageW 0.1455 87 W2Employer Deloitte Touche Bloom and Burger4 88 W2EmployerNum EIN 99-98765436 89 W2Employer2 KPMG2 90 Interest Income 510 4106 91 InterestBankName Wells Fargo Bank Capital One Bank7 92 ChaCash 2850 18002 93 ChaSofaCost 1160 10806 94 ChaSofaFMV 170 804 95 ChaStockName Home Depot Inc. Cisco System9 96 ChaStockCost 1600 7004 97 ChaStockfmv 2900 9002 98 ChaStockBdate 01/03/185 99 ChaStockEdate 10/06/184 100 StockStCost 16002 101 StockStSP 29006 102 StockStBdate 01/03/187 103 StockStEdate 10/06/182 104 StockLtCost 5300 1006 105 StockltSP 1500 1009 106 StockLtBdate 03/24/094 107 StockLtEdate 12/06/182 108 05 109 EmpRelJournal 245 1954 110 EmpRelRegist 200 2402 111 EmpRelAir 371 4586 112 EmpRelHotel 580 5637 113 EmpRelMeals 254 1982 114 EmpRelCity New Orle New Orle6 115 JuryPay 0 549 116 PrepReturn 150 1054 117 SafeDepositBox 45 252 118 ira 3000 22005 119 CasualtyPay 12500 100004 120 CasualtyCost 260000 3200007 121 CasualtyBFmv 360000 1300006 122 CasualtyAFmv 300,500.00 565007 123 CasualtyAptLoss 12000 190002 124 K1CompName MNH Corp. ABC Corp.6 125 K1PerOwner 50 809 126 K1OrdIncome 23850 244004 127 K1Sec179 2400 12002 128 K1AltCode A A5 129 K1AltAmt 750 5004 130 K1BasisCode C2 131 K1BasisAmt 390 3006 132 F1098TTuition 1322.25 1022.257 133 CityConsultingRev 28400 200006 134 99-15001579 135 WifeOcc a small business consultant an electronic consultant2 136 F1099IntIncome 670 5509 137 F1099DQual 290 1109 138 F1099DOrdinary 290 1104 139 GamblingExp 5700 45002 140 GamblingWin 4400 40005 141 GamblingLoss 5300 4004 142 114 1142 143 Personal Exemption – 06 1447 1456 1469220182014 2015 2016

09,075.00 9,225.00 9,275.0036,900.00 37,450.00 37,650.0089,350.00 90,750.00 91,150.00186,350.00 189,300.00 190,150.00405,100.00 411,500.00 413,350.00406,750.00 413,200.00 415,050.00Married Filing Jointlyover$ 0.0018,150.00 18,450.00 18,550.0073,800.00 74,900.00 75,300.00148,850.00 151,200.00 151,900.00226,850.00 230,450.00 231,450.00405,100.00 411,500.00 413,350.00457,600.00 464,850.00 466,950.00Married filing Separatelyover$ 0.009,075.00 9,225.00 9,275.0036,900.00 37,450.00 37,650.0074,425.00 75,600.00 75,950.00113,425.00 115,225.00 115,725.00202,550.00 205,750.00 206,675.00228,800.00 232,425.00 233,475.00Head of Householdover$ 0.0012,950.00 13,150.00 13,250.0049,400.00 50,200.00 50,400.00127,550.00 129,600.00 130,150.00206,600.00 209,850.00 210,800.00405,100.00 411,500.00 413,350.00432,200.00 439,000.00 441,000.00Standard DeductionSingle 12,000.00Married Filing Jointly 24,000.00Head of Household 18,000.00Personal Exemption – 0If AGI less than – 0SS Max Income 128,400.00SS Rate 0.0620SS Rate self employed 0.1240Medical 0.1450Mileage for using a car 54.5000182,454.83Fact Sheet Page &P

Sch K-1Set magnification to 140%18For calendar year 2018, or tax 1 Ordinary business income (loss) 13 Creditsyear beginning , 2018 $ 23,850.00ending , 20 _ 2 Net rental real estate income (loss)Shareholder’s Share of Income, Deductions,Credits, etc. See back of form and separate instructions. 3 Other net rental income (loss)Part I Information About the Corporation 4 Interest incomeA Corporation’s employer identification number 5a Ordinary dividends90-1357999B Corporation’s name, address, city, state, and ZIP code 5b Qualified dividends 14 Foreign tractionsMNH Corp.505 Main Street 6 RoyaltiesCoral Gables, FL 331477 Net short-term capital gain (loss)C IRS Center where corporation filed return 8a Net long-term capital gain (loss)OgdenInformation About the Shareholder 8b Collectibles (28%) gain (loss)D Shareholder’s identifying number 8c Unrecaptured section 1250 gain998-45-0061E Shareholder’s name, address, city, state, and ZIP code 9 Net section 1231 gain (loss)Lucretia McKinley1245 Flagler Avenue 10 Other income (loss) 15 Alternative minimum tax (AMT) itemsCoral Gables, FL 33143F Shareholder’s percentage of stockownership for tax year 50.0 %11 Section 179 deduction 16 Items affecting shareholder basisFor IRS Use Only 12 Other deductionsCharitable contributions$ 900.0017 Other information

See attached statement for additional information.For Paperwork Reduction Act Notice, see Instructions for Form 1120S. Cat. No. 11520D Schedule K-1 (Form 1120S) 2018Department of the Treasury Internal Revenue Service (99)

1098-TSet magnification to 140%CORRECTEDFILER’S name, street address, city or town, province or state, country, ZIP 1 Payments received for OMB No. 1545-1574 Tuitionor foreign postal code, and telephone number qualified tuition and relatedexpenses$ 1,322.25 18 StatementCoral Gables Community College 2 Amounts billed for1040 College Road qualified tuition andCoral Gables, FL 33146 related expenses Form 1098-T$FILER’S federal identification no. STUDENT’S social security number 3 If this box is checked, your educational institution Copy B59-1210485 991-46-0028 has changed its reporting method for 2018 For StudentSTUDENT’S name 4 Adjustments made for a 5 Scholarships or grantsprior year This is importantFrederick McKinley $ tax informationand is beingStreet address (including apt. no.) 6 Adjustments to 7 Check this box if the furnished to the1245 Flagler Avenue scholarships or grants amount in box 1 or 2 Internal Revenuefor a prior year includes amounts for ServiceCity or town, province or state, country, and ZIP or foreign postal code $ an academic periodCoral Gables, FL 33143 beginning January –March 2016 Service Provider/Acct. No. (see instr.) 8 Check if at least 9 Check if a graduate 10 Ins. contract reimb./refundhalf-time student student . . . . $Form 1098-T (keep for your records) www.irs.gov/form1098t Department of the Treasury – Internal Revenue Servicewww.irs.gov/form1098tFALSE TRUE FALSE FALSE1099-INTSet magnification to 140%CORRECTED (if checked)PAYER’S name, street address, city or town, province or state, Payer’s RTN (optional) OMB No. 1545-1574country, ZIP or foreign postal code, and telephone no.Wells Fargo Bank 1 Interest income 181212 Savings Way $ 670.00 Interest IncomeCoral Gables, FL 33149 2 Early withdrawal penaltyForm 1099-INTPAYER’S federal identification no. RECIPIENT’S identification number 3 Interest on U.S. Savings Bonds and Treas. obligations Copy B59-123456 989-35-0060 For StudentThis is important taxRECIPIENT’S name 4 Federal income tax withheld 5 Investment expenses information and is beingfurnished to the InternalLucretia McKinley $ Revenue Service. If youare required to file aStreet address (including apt. no.) 6 Foreign tax paid 7 Foreign country or U.S. possession return, a negligence1245 Flagler Avenue penalty or other sanctionmay be imposed on you ifCity or town, province or state, country, and ZIP or foreign postal code 8 Tax-exempt interest 9 Specified private activity bond interest this income is taxable andCoral Gables, FL 33143 the IRS determines that ithas not been reportedAccount number (see instructions) 10 Tax-exempt bond CUSIP no. 11 State 12 State identification no 13 State tax withheldForm 1099-INT www.irs.gov/form1099int Department of the Treasury – Internal Revenue ServiceOther interest and taxes paid by Grover and Lucretia include: $1,320.00 interest on the loan for the Dodge, the personal automobile which is shared with Frederick, $396.00 interest on credit cards and general sales tax of $2,450.00 for which they have receipts. Note: the general sales tax tax rate is 7.00%1099-DIVSet magnification to 140%CORRECTED (if checked)PAYER’S name, street address, city or town, province or state, 1a Total ordinary dividends OMB No. 1545-1574 Dividends andcountry, ZIP or foreign postal code, and telephone no.$ $ 290.00 18Home Depot Inc. 1b Qualified dividends Distributions1212 Oil Way $ $ 290.00 Form 1099-DIVDallas, TX 75206 2a Total capital gain distr. 2b Unrecap. Sec. 1250 gain Copy B$ For RecipientPAYER’S federal identification no. RECIPIENT’S identification number 2c Section 1202 gain 2d Collectibles (28%) gain59-654322 989-35-0060 $ $ This is important taxRECIPIENT’S name 3 Nondividend distributions 4 Federal income tax withheld information and is$ $ being furnished toLucretia McKinley 5 Investment expenses the Internal Revenue$ Service. If you areStreet address (including apt. no.) 6 Foreign tax paid 7 Foreign country or U.S. possession required to file a1245 Flagler Avenue $ return, a negligenceCity, state, and ZIP code 8 Cash liquidation distributions 9 penalty or otherCoral Gables, FL 33143 sanction may be10 Exempt-interest dividends 11 Specified private activity bond interest imposed on you ifthis income is taxable and12 State 13 State iden no. 14 State tax withheld the IRS determines that itAccount number (see instructions) has not been reported.Form 1099-DIV (keep for your records)Department of the Treasury – Internal Revenue ServiceW2Set magnification to 140%22222 a Employee’s social security number990-02-2019 OMB No. 1545-0008b Employer identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheldEIN 99-9876543 $ 86,000.00 $ 21,500.00c Employer’s name, address, and ZIP code 3 Social security wages 4 Social security tax withheld$ 86,000.00 $ 5,332.00Deloitte Touche 5 Medicare wages and tips 6 Medicare tax withheld83 Oftowork Way $ 86,000.00 $ 1,247.00Coral Gables, FL 33153 7 Social security tips 8 Allocated tipsd Control number 9 10 Dependent care benefitse Employee’s first name and initial Last name Suff. 11 Nonqualified pl 12aGrover McKinley 13 Statutory Retirement Third-party 12b1245 Flagler Avenue employee plan sick payCoral Gables, FL 33143 12c14 Other12df Employee’s address and ZIP code15 State Employer’s state ID number 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc. 19 Local income tax 20 Locality nameFL $ 86,000.00 $ – 0 $ 86,000.00 $ – 0Form W2 2018 Department of the Treasury – Internal Revenue ServiceCopy B—To Be Filed With Employee’s FEDERAL Tax Return.This information is being furnished to the Internal Revenue Service.Set magnification to 140%22222 a Employee’s social security number990-02-2019 OMB No. 1545-0008b Employer identification number (EIN) 1 Wages, tips, other compensation 2 Federal income tax withheldEIN 99-9876599 $ 5,667.00 $ 1,133.40c Employer’s name, address, and ZIP code 3 Social security wages 4 Social security tax withheld$ 5,667.00 $ 351.35KPMG 5 Medicare wages and tips 6 Medicare tax withheld183 Bythenumber Way $ 5,667.00 $ 82.17Coral Gables, FL 33157 7 Social security tips 8 Allocated tipsd Control number 9 10 Dependent care benefitse Employee’s first name and initial Last name Suff. 11 Nonqualified pl 12aGrover McKinley 13 Statutory Retirement Third-party 12b1245 Flagler Avenue employee plan sick payCoral Gables, FL 33143 12c14 Other12df Employee’s address and ZIP code15 State Employer’s state ID number 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc. 19 Local income tax 20 Locality nameFL $ 5,667.00 $ – 0 $ 5,667.00 $ – 0Form W2 2018 Department of the Treasury – Internal Revenue ServiceCopy B—To Be Filed With Employee’s FEDERAL Tax Return.This information is being furnished to the Internal Revenue Service.
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