Comprehensive Problem $1-$ Part $3$: Form $2441($page $1),$ Schedule E$,$ Schedule $8812,$ Form $4562,$ and Form $8995.$

Note: This problem is divided into three parts. You will need to complete some of the forms in the other parts in order to determine the amounts to be used on Form $\backslash (\backslash$mathbf$\{1040\}\backslash ).$ Some of the data information will be reproduced in the other parts for convenience.

Enter all amounts as positive numbers, except for a "loss". If required, enter a "loss" as a negative number on the tax form. If required, round your answers to the nearest dollar. If an amount box does not require an entry or the answer is zero, enter $"0".$

Information regarding Noah and Joan's rental property is reproduced here.

Noah and Joan own a condo and use it as a rental property. The condo is located at $16$ Oakwood Ave, Unit A$,$ Dayton, OH $45409.$ Noah provides the management services for the rental including selection of tenants, maintenance, repairs, rent collection, and other services as needed. On average, Noah spends about two hours per week on the rental activity. The revenue and expenses for the year are as follows:

Rental income includes $\backslash (\backslash$$ $1,150\backslash )$ per month for two months under the previous lease $($which ended February $28,2023).$ The new lease is $\backslash (\backslash$$ $1,300\backslash )$ per month for ten months under the new lease but the tenant paid only $\backslash (\backslash$$ $900\backslash )$ in May $2023$ because the tenant paid $\backslash (\backslash$$ $400\backslash )$ for repairs to the apartment, and with the Arc's permission, reduced May's rent by $\backslash (\backslash$$ $400\backslash ).$ The new lease also required the tenant to pay last month's $\backslash (\backslash$$ $1,300\backslash )$ rent in February $2023.$ The home was acquired for $\backslash (\backslash$$ $95,000\backslash )$ in $2007.$ On May $12,2023,$ the Arcs installed new fixtures $(7-$year recovery period$)$ at a cost of $\backslash (\backslash$$ $5,500\backslash ).$ They wish to maximize the cost recovery on the new fixtures but make no elections. Schedule E $19$ Other $($list$)$

Miscellaneous

$20$ Total expenses. Add lines $5$ through $\backslash (19\backslash$ldots $\backslash$ldots $\backslash )$

$21$ Subtract line $20$ from line $3($rents$)$ and$/$or $4($royalties$).$ If result is a $($loss$),$ see instructions to find out if you must file Form $6198.$

$22$ Deductible rental real estate loss after limitation$,$ if any, on Form $8582($see instructions$).................$

$23$a Total of all amounts reported on line $3$ for all rental properties $...........$

b Total of all amounts reported on line $4$ for all royalty properties $...........$

c Total of all amounts reported on line $12$ for all properties $..............$

d Total of all amounts reported on line $18$ for all properties $................$

e Total of all amounts reported on line $20$ for all properties $..............$

$24$ Income. Add positive amounts shown on line $21.$ Do not include any losses $..............$

$25$ Losses. Add royalty losses from line $21$ and rental real estate losses from line $22.$ Enter total losses here

$26$ Total rental real estate and royalty income or $($loss$).$ Combine lines $24$ and $25.$ Enter the result here. If Parts II$,$ III, and IV$,$ and line $40$ on page $2$ do not apply to you, also enter this amount on Schedule $1($Form $1040),$ line $5.$ Otherwise, include this amount in the total on line $41$ on page $\backslash (2\backslash$ldots $\backslash$ldots $\backslash ).............$