Comprehensive Problem 5-1

Anthony Stork (birthdate August 2, 1978) is a single taxpayer. Anthonys earnings and withholdings as the manager of a local casino for 2022 are reported on his Form W-2 (see separate tab).

Anthony pays his ex-spouse, Salty Pans, $3,900 per month in accordance with their February 12, 2020 divorce decree. When their 12-year-old child (in the ex-wifes custody) reaches the age of 18, the payments are reduced to $2,800 per month. His ex-wifes Social Security number is 554-44-5555.

In 2022, Anthony purchased a new car and so he kept track of his sales tax receipts during the year. His actual sales tax paid was $3,450 for the car and $925 for all other purchases.

Anthony participates in a high-deductible health plan and is eligible to contribute to a health savings account. His HSA earned $75 in 2022.

During the year, Anthony paid the following amounts (all of which can be substantiated):

Credit card interest	$1,760
Auto loan interest	2,300
Auto insurance	900
Property taxes on personal residence	3,400
Contributions to HSA	2,650
Income tax preparation fee	900
Charitable contributions (all cash):
Boy Scouts of America	1,200
St. Matthews Church	3,100
Nevada Democratic Party	250
Fund-raising dinner for the Reno Auto Museum	100
(value of dinner is $45)

In 2022, Anthony inherited over $500,000 from his father, Howard, who died in 2022. Although Anthony invested a large portion, he also contributed $50,000 cash to the newly named Stork School of Engineering at Reno State University.

Anthony also received the following Form 1098 (see separate tab).

Required:

Complete Anthonys federal tax return for 2022. Use Form 1040, Schedule 1, Schedule A, and Form 8889 to complete this tax return.

• Make realistic assumptions about any missing data.

• Anthony had health coverage for the entire year and he does not want to contribute to the presidential election campaign.

• Enter all amounts as positive numbers.

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

• If required round any dollar amount to the nearest dollar.

Anthesy olse receined the followng form 1098: P copracet (t if checked) The information in boxes t thewagh 0 and 11 is imeortant tox information and la being furnished to the TRS. If yea are requered to fin a ieturn, a megligence. penaity or cther sanction may be imposes on yeu if the 195 deteemices that an anderpayment of tax resalts Street address (ineluding aptin n.) a if astress of peoperty seculing mortgase i the same as. because yoa overstated a b0o N. Sierra Street address or desconpbon is entered in box b. deduction for this mertgage. City or town, state or prowince, countoy, and ZTP or foregn postal 8 Address or description of pieperty securing mortgage (see intereut of for these poists. rade instructiond reported in berits 1 and 5 ; Reno, NV 09503 or bectuse you dedn't report the refund of interest (box