2009 H&R Block At Home Lab Instructions, Whittenburg & Altus-Buller Ch.

3 Comprehensive Problem 1: Bunge Open H&R Block 2009, and update it. Select the Start a Return button. From the menu, select Forms/Open Forms, and start by filling in a Background Worksheet, found under Form 1040. Only fill in the information you have, but you will need to enter dates of birth. The address includes an apartment number - find the special spot for it. Enter the occupations as nouns. Select Hide Form, and then fill in a W-2 Worksheet, found under Form 1040, for Walter. Select Hide Form, and then to try for the Making Work Pay credit, open a Schedule M, and in the Economic Recovery Payments section, select No for questions a and b. For Schedule C, open a Schedule C and at the top, select Self or Spouse, depending on whether you listed Rebecca as the taxpayer or as the spouse on the Background Information Worksheet. Enter a description for A. For B, choose Retail Stores and Dealers, and for Code, choose Book stores. For G, check yes. Check box 32a, 33a Cost and 34 No. Enter the information and amounts. For the NOL, enter it as a negative number on the Attachments Worksheet, found under Form 1040, on the Mini-Worksheet for Line 16. For Schedule E, open a Schedule E Rentals and Royalties Worksheet. In Part I, line 1a, enter the State, and for Kind of property, enter Ski Condo. Check the dwelling and second home boxes. In Part II, lines 1a and 1c, enter the days rented and the days of personal use, and the software will be able to allocate the expenses for you. In Part IV, check box 4 for active participation. In Parts V and VI, enter the income and expenses in the first column. For interest, in Part VI, line 12a, right-click in the first amount column, select Override, check the Override box, enter 4,800 and select OK. For Rebecca's loss on the loan to her friend, open a Capital Gains and Losses Worksheet, found under Schedule D. For a, enter Nonbusiness bad debt. For b, enter 1/1/2009, and for c, enter 12/31/2009. For d, enter 0, and for e, enter 20,000. Fill out a W-2G Worksheet for the gambling winnings. To avoid a late payment penalty, open a Last Year's Data Worksheet, found under Form 1040, and enter 3,000 on line 6. This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default.

Save the file by selecting File/Save from the menu. Then File/Save As PDF. The software will save two returns - one For Filing and one For Records. Review the Tax Return for Filing. In addition to the tax forms in the text, the software will generate a Form 8582, a Form 1040-V, and an Attachments Worksheet. Ch. 3 Comprehensive Problem 2A: Beeper Open H&R Block 2009, and update it. Select the Start a Return button. From the menu, select Forms/Open Forms, and start by filling in a Background Worksheet, found under Form 1040. Only fill in the information you have, but you will need to enter a date of birth. The address includes an apartment number - find the special spot for it. Enter the occupation as a noun. Select Hide Form, and then fill in a W-2 Worksheet, found under Form 1040, for George. Select Hide Form, and then to try for the Making Work Pay credit, open a Schedule M, and in the Economic Recovery Payments section, select No for question a. Beeper has a rental, so open a Schedule E Rentals and Royalties Worksheet. For Part I, line 1a, enter the address, and for Kind of property, enter Residential rental. Check the dwelling box. For Part II, line 1a, the days rented are 365. In Part IV, check box 4 for active participation. In Parts V and VI, enter the income and expenses in the first column. For the rollover, open a 1099R Worksheet, and enter 67,000 in box 1, and 0 in box 2a. In the Rollover section, check box 1. This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default. Save the file by selecting File/Save from the menu. Then File/Save As PDF. The software will save two returns - one For Filing and one For Records. Review the Tax Return for Filing. In addition to the tax forms in the text, the software will generate a Form 8582. The software will not generate a Schedule M because Beeper doesnt have a Making Work Pay credit. Ch. 3 Comprehensive Problem 2B: Pate

Open H&R Block 2009, and update it. Select the Start a Return button. From the menu, select Forms/Open Forms, and start by filling in a Background Worksheet, found under Form 1040. Only fill in the information you have, but you will need to enter a date of birth. Enter the occupation as a noun. For the pension, open a 1099-R Worksheet, and enter 61,200 in box 1 and in box 2a. Enter the 7,350 federal income tax withheld in box 4. Pate has a rental, so open a Schedule E Rentals and Royalties Worksheet. For Part I, line 1a, enter the address, and for Kind of property, enter Residential rental. Check the dwelling box. For Part II, line 1a, the days rented are 365. In Part IV, check box 4 for active participation. In Parts V and VI, enter the income and expenses in the first column. For the 401(k) distribution, open another 1099-R Worksheet, and enter 75,000 in box 1, and 25,000 in box 2a. (She only reinvested 50,000 of the 75,000 distribution.) Also enter the 15,000 federal income tax withheld in box 4, and in the section for Rollovers (Other Than From IRA's), in section A, on line 2, enter the 50,000 that was rolled over. This is a Form 1040, so you don't need to choose the Form - Form 1040 is the default. Save the file by selecting File/Save from the menu. Then File/Save As PDF. The software will save two returns - one For Filing and one For Records. Review the Tax Return for Filing. In addition to the tax forms in the text, the software will generate a Form 8582. Ch. 3 Cumulative Software Problem: Incisor Open H&R Block 2009, and update it. From the menu, select File/Open Saved Return, and select Open return for Ivan Incisor Ch 2 2009 Tax Return. The Incisors have a rental, so open a Schedule E Rentals and Royalties Worksheet. For Part I, line 1a, enter the address, and for Kind of property, enter Rental beach house. Check the dwelling box. For Part II, line 1a, the days rented are 365. In Part IV, check box 4 for active participation. In Parts V and VI, enter the income and expenses in the first column. For the IRA contributions, open an IRA Contribution Worksheet, and for Part B, line 2, enter 5,000 for Ivan and 5,000 for Irene.

For Irene's rollover, open a 1099R Worksheet, and enter 24,000 in box 1 and 0 in box 2a. For 2b check the Total Distrib box, and in the section for Rollovers (Other Than From IRA's), check the box for Part A, line 1. This will be a Form 1040, so you don't need to choose the Form - Form 1040 is the default. Save the file by selecting File/Save As from the menu. Name the return Ivan Incisor Ch 3 2009 Tax Return. Then File/Save As PDF. The software will save two returns - one For Filing and one For Records. Review the Tax Return for Filing. The software will not generate a Qualified Dividends and Capital Gain Tax Worksheet as part of the return, but you can view it if you'd like - open a Schedule D, and see the Schedule D Tax Worksheet below line 22. The software will not generate a Schedule B because it is not required.