Christopher Crosphit $($birthdate April $28,1981,$ Social Security number $565-12-6789)$ and Traynor Crosphit $($birthdate July $17,1980)$ are married filing jointly in $2023.$ They have a dependent son, Arnold $($Social Security number $276-23-3954).$ Arnold $($birthdate July $1,2005)$ is a high school student; he does not qualify for the child tax credit but does qualify for the $$500$ other dependent credit.

Chris owns and operates a health club called $$Catawba Fitness.$$ The business is located at $4321$ New Cut Road, Spartanburg, SC $29303.$ The principal business code is $812190$ and the EIN is $12-3456789.$ Chris had the following income and expenses from the health club:Christopher Crosphit $($birthdate April $28,1981,$ Social Security number $565-12-6789)$ and Traynor Crosphit $($birthdate July $17,1980)$ are married filing jointly in $2023.$ They have a dependent son, Arnold $($Social Security number $276-23-3954).$ Arnold $($birthdate July $1,2005)$ is a high school student; he does not qualify for the child tax credit but does qualify for the $$500$ other dependent credit.

Chris owns and operates a health club called $$Catawba Fitness.$$ The business is located at $4321$ New Cut Road, Spartanburg, SC $29303.$ The principal business code is $812190$ and the EIN is $12-3456789.$ Chris had the following income and expenses from the health club: