Question

Andi Fauci, age-79, is single, and has taxable income, properly calculated, of $226,000. During the year,...

Andi Fauci, age-79, is single, and has taxable income, properly calculated, of $226,000. During the year, Andi completed transactions, including:

Qualified dividends                                                                                                 555

Loss on sale of Tandem Diabetic stock (held from

11/10/2017 to 10/31/2019, Cost = $7,400)                                               -3,100

SALE OF RENTAL RESIDENCE

Sales price (November 27, 2019)

   Building                                                                                                       $48,000

   Land                                                                                                               72,000

Cost (October 18, 2010)

Land                                                                                                                38,000

Building                                                                                                          30,000

Depreciation allowed                                                                                      8,998

SALE OF APPLIANCES WITH RESIDENCE

Sales price                                                                                                       $ 5,500

Cost (October 18, 2014)                                                                                    9,000

Depreciation allowed                                                                                        6,880

Calculate Andi’s federal income tax for 2019.

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