These problems all use 2017 NTTC Workbook problems. …

1 KANSAS K-40 PRACTICE problems . These problems all use 2017 NTTC Workbook problems . Please complete DANIELS, QUINCY AND. THOMPSON in Tax-Year 2017 Practice Lab. Before completing the Kansas returns, make the modifications below. INSTRUCTORS, please note below the issues that affect the Kansas K40 and Schedule S. DANIELS: KPERS contribution on a W2, Kansas Sheriff Dept. Exempt pension, Tax exempt interest from other states and Contribution to Learning Quest Savings. QUINCY: Interest on US Savings Bond, Tax exempt interest from both Kansas Municipal bonds and other states, OPM pension, Social security income and KPERS pension.

2 THOMPSON: Itemized Deductions, Tax exempt interest, Income over $75,000 with Social security and Railroad Retirement (Tier 1 and 2) income. 1. Modify the 2017 NTTC DANIELS return as follows: ADD the following to box 14 of Annette's W2 form: KPERS $1119. CHANGE THE ZIP CODE for the MASON COUNTY PENSION FUND to Kansas zip 66603. ADD the following to the "Interview Notes Daniels": The Daniels made a contribution of $1,000 to their granddaughter's Learning Quest Education Savings Program in 2017. KANSAS STTC 1. KANSAS K-40 PRACTICE problems . 2. Modify the 2017 NTTC QUINCY return as follows: Add to the "Interview Notes Quincy: Out of the $300 in tax exempt interest from Arches-Starling, $125 of that amount was from Kansas Municipal bonds.

3 Marie's husband George had also worked for the State of Kansas for 10 years and received a small KPERS pension. ADD 1099R from KPERS. KANSAS STTC 2. KANSAS K-40 PRACTICE problems . 3. Modify the 2017 NTTC THOMPSON return as follows: Replace Troy Thompson's SSA-1099 with the RRB-1099 and RRB-1099-R below. Troy retired from the railroad on March 1, 2016. The pension was set up as a joint/survivor. $1, KANSAS STTC 3. KANSAS K-40 PRACTICE problems . DANIELS ANSWERS: K-40 Line 1 = $36,738. Line 2 = -$11,906. Line 3 = $24,832. Line 7 = $10,582. Line 8 = $0. Line 21 = $625. Line 24 = $230. Line 43 = $855.

4 Schedule S Modifications A1. = $225. A2. = $1,119. A6. = $1,344 Total additions A11. = $12,250. A13. = $1,000. A16. = $13,250 Total subtractions A17. = K-40 Line 2 = -$11,906 Net modification QUINCY ANSWERS: K-40 Line 1 = $61,261. Line 2 = -$36,820. Line 3 = $24,441. Line 7 = $18,341. Line 8 = $599. Line 21 = $935. Line 43 = $336. Schedule S Modifications A1. = $175. A6. = $175 Total additions A7. = $10,605. A9. = $75. A11. = $26,315. A16. = $36,995 Total subtractions A17. = K-40 Line 2 = -$36,820 Net modification THOMPSON ANSWERS K-40 Line 1 = $92,113. Line 2 = -$25,992. Line 3 = $66,121.

5 Line 7 = $52,721. Line 8 = $1,983. Line 21 = $0. Line 33 = $1,983. Schedule S Modifications A1. = $975. A6. = $975 Total additions A11. = $26,967. A16. = $26,967 Total subtractions A17. = K-40 Line 2 = -$25,992 Net modifications KANSAS STTC 4.