Comprehensive Problem $3-1$

Gordon Temper is a single taxpayer $($birthdate July $1,1986$ and Social Security number $242-11-6767)$ who operates a food truck that specializes in food from South Africa. His business is named "Mobile Peri Peri" and although the truck moves around quite a bit, he generally parks it in an office park where he maintains an office and a supply of inventory. The business address is $150$ Erie Street, Laramie, WY $82070.$ The principal business code is $722300.$

Gordon's food truck business is fairly new, so he also works part$-$time as a cook at a steak house restaurant in Laramie. His $2023$ Form W$-2$ follows $($see separate tab$).$

Gordon provided the following financial information related to Mobile Peri Peri:

Revenues$$80,000$Beginning Inventory$5,600$Purchases$43,000$Ending inventory$5,800$Truck rental$24,000$Office rental$8,600$Advertising$700$Insurance$3,000$Food license$500$Uniforms$200$Dues$100$Travel$1,600$Office expense$400$

Mobile Peri Peri uses the cash method of accounting and the cost method for inventory.

Gordon also provided a transportation log that shows that the truck drove $5,600$ business miles in $2023.$ Gordon's log also listed total mileage of $680$ miles for his drive in his personal car from the Mobile Peri Peri office to his second job at the steak house. He did not provide mileage from his apartment to or from either work location.

Dues are for a subscription to Food Truck Monthly, a trade magazine.

His travel expense of $$1,600$ is for a trip to Steamboat Springs, CO$,$ for a one$-$day seminar on South African cuisine. He spent the day at the seminar and then went snow$-$skiing for two days before returning to Laramie. His airfare to Steamboat Springs was $$400,$ his lodging was $$300$ per night for three nights, and his meals cost $$100$ per day. The uniforms are white chef's coats and puffy chef's hats embroidered with the South African flag and the Mobile Peri Peri logo on front and back.

Gordon was divorced in $2017.$ His ex$-$spouse, Tanya Ramsey, pays him alimony of $$300$ per month. She also has custody of their five children. One of the Ramsey's children, Buffy, age $17,$ lived with Gordon for five months during $2023$ and he estimates he provided more than one$-$half of her support. Buffy has a part$-$time job at Taco Shell quick service restaurant and made $$5,000$ in $2023.$

Gordon received a sizable property settlement as part of the divorce and has invested wisely. He received the following Forms $1099$ for $2023($see separate tab$).$

Required:

Complete Gordon's federal income tax return for $2023$ on Form $1040,$ Schedule $1,$ Schedule B$,$ Schedule C$,$ and the Qualified Dividends and Capital Gains Tax Worksheet.

A statement is required to be attached to a return for a nonbusiness bad debt, but this requirement may be ignored for this problem. You may ignore any related self$-$employment taxes. Assume no $1099-$B is filed in association with the bad debt when filling out Form $8949.$

You may need to complete the other forms before completing the Form $1040.$

If an amount box does not require an entry or the answer is zero, enter $"0".$

If required, round amounts to the nearest dollar.

Enter all amounts as positive numbers. However, if required, use the minus sign to enter a "loss"