Jeffery Norville is a single taxpayer. His SSN is

Jeffery Norville is a single taxpayer. His SSN is 412-34-5670, and he lives at 5037 Circle Court, Crestview, IL 60543. His W-2 for 2014 shows gross wages of $92,600 with $5,741 of social security and $1,343 of Medicare taxes withheld. He has $17,347 of federal withholding and $2,595 in state withholding. Jeffery does not itemize. He had the following stock transactions for the year:

Stock Shares Date Purchased Date Sold Sale Price Cost Basis
5,500 7/8/13 9/12/14 $15,000 $18,000
800 3/12/14 10/21/14 43,000 47,000
2,800 2/13/07 10/21/14 30,000 22,000

He also has interest from a savings account with Local Neighborhood Bank of $250 and a dividend from a Form 1099-DIV of $1,600 in ordinary dividends, of which $1,350 are considered qualified dividends.

Prepare and submit a 2014 Form 1040 for Jeffery. Assume that each box 3 of the 1099-Bs was not checked for all sales transactions. r

 

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