Estimated taxes paid during the year

Julie Hernandez is single and has no dependents. She operates a dairy farm and her Social Security number is 000–00–1111. She lives at 1325 Vermont Street in Costa, Florida.

Consider the following information for 2013:

Schedule C was prepared by her accountant and the net profit from the dairy operations is $48,000.

Nonrecaptured net Section 1231 losses from the five most recent tax years preceding the current year amount to $7,000. Estimated taxes paid during the year amount to $32,000.

Prepare Forms 1040, 4684 Section A, 4797, and Schedule D for the current year. Do not consider self-employment taxes.

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