Robert Howers (SSN:111-11-1111, Date of birth 02/05/1981) recently became a single Dad when his wife left him and their child and a divorce settlement was finalized two years ago. He and his 12 year old daughter, Aisha (SSN 222-22-2222, date of birth 5/2), live in the marital home with Robert's 72 year old mother. His father died 10 years ago leaving his mother, Beulah (SSN: 333-33-3333 date of Birth 8/16), destitute with only his social security benefits to live on. Beulah receives $9,000 of Social security income annually. Robert provides 85% of his mother's support annually.

Robert received the following in 2023:

$114,500 W-2 salary with $13250 withheld for federal income tax.

Interest income from a Bank of America savings account $78.

Alimony from his former spouse $11,000.

Child Support Received $12000.

Robert's employer provides the family with a high deductible PPO medical insurance policy. Robert funded his family health saving account $5000 in 2023.

Robert's great Uncle (bachelor) on his father's side, is recently deceased (10/12/40- dob) and left Robert 1000 shares of Boeing (BA) and 3,000 shares of 1000 Shares of DAL stock. Great Uncle Albert was a retired mechanic from the Vietnam war and then for Boeing. Alberts date of death was 10/12/18 and the FMV of BA was $365 a share. Albert purchased both stocks in 1980 for $10 a share. Robert sold BA on 3/20/2023 for $95 a share

Robert has a weekend sole proprietorship business where he owns and operates heavy earth moving equipment for the local land fill. He has been operating this business at a profit for a few years but has decided he needs to sell the equipment and spend more time with his daughter. The current years Revenue totaled $25,000, with the following expenses: $12000 fuel, $2,000 insurance, equipment maintenance $3750 , licenses $1000. He bought the equipment used 7 years ago for $100,000 it was fully depreciated last year. He sold the equipment on 6/1 of this tax year for $12500 and paid a commission of $1650 for the sale to be brokered.

Robert has the following additional items to consider:

Address: 13 Apple street, Saint Petersburg, Fl 33702

No cryptocurrency or foreign accounts and transaction exist.

Dividends from BA $2060 and DAL $1200 in 2023

Political campaign contribution $100, Clothes to salvation Army, thrift store value $300, Cash donations to Qualified schools and places of worship $8150. Tax preparation fee paid to H&R Block in 2023 for the 2022 return was $580.00.

The mortgage interest on his home was $8950 and real estate taxes $735. The out of pocket medical expenses for his mother totaled $12185.

His total tax in 2022 was: $11532. Robert had over withheld for 2022 and left an overpayment in of $1750 anticipating his stock sales in 2023. He expects more income next year than he had this year. You may ignore the recovery rebate credit, as if it does not exist since it does not in 34 of 38 years of tax seasons. Do not use form 8995 QBI. Assume $7000 QBI loss carryover.

Hint AGI $ 126496.

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