Interest and ordinary dividends

Assignment Help Financial Accounting

Reference no: EM131266655

Dan Chan (SSN 334-63-3456) receives various Form 1099s during the year. He has no foreign accounts or trusts. He receives form 1099-INT and 1099-DIV as follows:

Amounts Reported on Form 1099-INT Amount

Jack Corporation bonds $2,732

Blue Enterprises corporate bond $450

State of Indiana municipal (tax

-exempt) bond $1,650

Amounts Reported on Form 1099 –DIV Amount

Mobil common stock $ 775

ABB Corporation dividend on preferred stock $180

GE dividend reinvested in common stock through

GE’s dividend reinvestment plan $110

Required:

From the information provided above, prepare the Dan’s Schedule B (Form 1040), Interest and Ordinary Dividends.

Show your detailed calculation, or your work

Note:

Prepare Schedule B by hand.

Reference no: EM131266655

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