brokerage

James Brock operates a business selling unfinished furniture from a building he owns. James Brock is the sole proprietor of Westchester Wood. The business operates Thursday through Sunday. Net income ranges from $24,000 to $40,000.Ashley receives unearned income in the amount of $3,800 from investments her Grandmother left her in her will. The Brocks have instructed the brokerage firm to reinvest all of the income from these investments.William, James\’ father, is 66 years old.The Brocks, based on a preliminary calculation, are expected to owe $2,200 when they have completed their tax return; however, all of the detail information that you would need to prepare their return, including information related to Westchester Wood is not yet available and is not expected to be available until the middle of May.

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