Question: Hello I am having trouble with this assignment and need help. I uploaded the numbers given and i have to fill out form 1 0

Hello I am having trouble with this assignment and need help. I uploaded the numbers given and i have to fill out form 1040 schedule 1, schedule 2, schedule b, schedule c, scheduel se and form 8995. Sales proceeds from two ATVs
For several years, the Coles' household has included David's divorced mother, Sarah, who has been claimed as their dependent. In
late December 2022, Sarah unexpectedly died of heart attack in her sleep. Unknown to Ella and David, Sarah had a life insurance
policy and a savings account (with David as the designated beneficiary of each). In 2022, the Coles purchased two ATVs for $14,000.
After several near mishaps, they decided that the sport was too dangerous. In 2023, they sold the ATVs to their neighbor.
Additional expenditures for 2023 include:
Funeral expenses for Sarah
In 2023, the Coles made quarterly estimated tax payments of $6,000(Federal) and $500(state) for a total of $24,000(Federal) and
$2,000(state).
Relevant Social Security numbers are:
David Cole 123-45-6788
Ella Cole 123-45-6787
During the year, the Coles purchased $20,000 of bitcoin. They do not want to contribute to the Presidential Election Campaign Fund.
Also, the Coles want any overpayment of tax refunded to them and not applied toward next year's tax liability. David will have a self-
employment tax liability.
Required:
Using the appropriate forms and schedules, compute the Coles' Federal income tax for 2023. Disregard the alternative minimum tax (AMT)
and the various education credits.
Make realistic assumptions about any missing data.
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 all dollar amounts to the nearest dollar.
It may be necessary to complete the tax schedules before completing Form 1040.
Use the included tax rate schedules to compute the tax. When computing the tax liability on Line 16 of Form 1040, do
not round your intermediate calculations. If required, round your final answers to the nearest dollar.
Hello I am having trouble with this assignment

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