I am needing help completing the 2016 tax forms : Schedules A, B, D, & E. The only information provided to me in this assignment is:

Taxpayer Information
Name: John Washington & Debra Washington
Filing Status: Married
The following information is taken from John Washington’s 2017 Form W-2 Wage and Tax Statement:
Box 1 – Wages, tips, and other compensation 80,000
Box 2 – Federal Withholding 12,500
Box 17 – State Income Tax Withholding 2,000
The following information is taken from Debra Washington’s 2017 Form W-2 Wage and Tax Statement:
Box 1 – Wages, tips, and other compensation 42,000
Box 2 – Federal Withholding 3,500
Box 17 – State Income Tax Withholding 750
John had interest income from a savings account from Everest Bank of $500.00
Debra had dividend income of $550 from Blue Co. stock.
John had the following stock transactions in 2017:
He sold 1,000 shares of Apex Co. for $ 12,000 on June 7, 2017, which he purchased on April 1, 2017 for 25,000
The couple owns a rent house which he purchased on July 1, 2014. The income and expenses of the rental real estate unit are as follows:
Rental income $12,000
Property taxes $1,500
Depreciation $1,000
Repairs and Maintenance $750
Insurance $2,000

1. Debra had educator expenses in 2017 of $450.00
2. John had gambling winnings of $1,000.
3. John was the beneficiary of his mother’s life insurance policy.
His mother died in 2017 and he received $50,000 under this policy.
4. Debra paid $700 in student loan interest.

To complete the 2016 tax forms, Schedules A, B, D, and E, we will need to gather all the necessary information and follow the appropriate instructions for each form. Here is how to approach each schedule:

Schedule A: Itemized Deductions
1. Gather information on deductible expenses such as mortgage interest, property taxes, state and local taxes paid, charitable contributions, and medical expenses.
2. Calculate the total amount for each category and enter the respective figures on Schedule A.
3. If the total itemized deductions exceed the standard deduction, use the higher amount.

Schedule B: Interest and Ordinary Dividends
1. Include interest income from the savings account and dividend income from Blue Co. stock.
2. Report the interest income under Part I and the dividend income under Part II.
3. Enter the respective amounts in the appropriate boxes based on the instructions provided on the form.

Schedule D: Capital Gains and Losses
1. The information provided states that John sold 1,000 shares of Apex Co. stock. We need to calculate the capital gain or loss from this transaction.
2. Subtract the purchase price ($25,000) from the selling price ($12,000) to determine the capital loss or gain.
3. Fill out the appropriate sections of Schedule D based on the calculated capital gain or loss.

Schedule E: Supplemental Income and Loss
1. The information provided states that the couple owns a rental property.
2. Report the rental income of $12,000 under Part I and include the property taxes, depreciation, repairs and maintenance, and insurance expenses as appropriate.
3. Deductions and expenses related to rental property should be reported in the corresponding sections of Schedule E.

Please note that the instructions provided here are a general guideline. It is important to refer to the specific instructions provided with the 2016 tax forms and consult a tax professional if needed.