Instructions: Prepare a $2023$ return with the information below. When I refer to the $$current tax year,$$ I refer to the year of the tax return.

Decide which forms are required. Look for the forms online $($irs$.$gov$).$ The instructions that go with the forms will be very helpful. For additional information on personal returns, I suggest Publication $17.$

There are never pennies on a tax return; use normal rounding rules unless instructed otherwise in the form$$s instructions. A tax return never has negative numbers unless specifically stated on the form. If you subtract one line from another and end up with a negative number, you generally replace that with a zero $$ CHECK THE INSTRUCTIONS TO THE FORMS OR SCHEDULES FOR EXCEPTIONS! Make sure your forms are from the correct year. Use the instructions for each form to understand how to enter the information.

Client information:

Dylan $(731-23-4094)$ and Brianna Diego $(734-23-1111)$ are married with one child, Sydney $(734-21-2222),$ who is $12$ years old. They live at $14$ Aaliyah Way, Adams, TN $37010.$ They are both under the age of $65.$

They sold the following investments during the current tax year. They received Forms $1099-$B for each of these, but the forms indicated that the investment company did not report the bases to the IRS.

Acquired Date Basis Sold Date Price

$100$ share Mouse Inc. $11/10/2022$ $ $6,0508/8/2023$ $$4,230$

$60$ shares Cat Corp. $10/18/2022$ $ $4,23010/15/2023$ $$8,220$

$$1,000$ bond, Dog Co$.5/5/2021$ $ $83010/15/2023$ $ $910$

$50$ shares Parrot Inc. $9/15/2015$ $ $8,75011/14/2023$ $$7,340$

$20$ shares Shark Corp. $7/1/2013$ $ $4,75012/6/2023$ $$1,570$

The Diegos carried over a $$1,220$ short$-$term capital loss and a $$660$ long term capital loss from the previous tax year. They also had $$1,300$ of ordinary dividend income, which includes $$300$ of qualified dividends and $$1,215$ of interest income which includes $$700$ of tax$-$exempt interest.

Dylan had taxable wages of $$28,520$ with $$600$ withheld for federal income taxes, and all FICA taxes were correctly withheld and reported. He does not have a retirement plan at work. He works as a carpenter.

Brianna was a full$-$time student pursuing a bachelor's degree in education and spent $$7,300$ on qualified tuition during the year, as reported to her on Form $1098-$T from her university. She attended school for ten months full time at the University of Tennessee $-$ Adams $($EIN $67-7891234,$ address: $1238,300.$College, Adams, TN $37010)$ but took two months in the summer off. Brianna did not keep track of the cost of books and received no scholarships. She is a sophomore, but last year, her first year of higher education, she was on a full scholarship, so she didn't have any education expenses.

They made charitable contributions during the year of $$1,800$ in checks and $$600$ of children's clothing and toys to Goodwill. $($NOTE: You do not need to fill out Form $8283,$ they made multiple small donations.$)$ They also paid $$1,923$ of interest on Dylan's student loans. They do not own a home. They own one car, and the license plate fee this year was $$400,$ of which $$175$ was ad valorem. The sales tax rate in their location is $9\mathrm{.}5\%.$ Dyan had job related expenses, such as purchasing small tools and safety glasses, totaling $$892.$

Dylan paid his ex$-$wife $$2,400$ of alimony and $$2,400$ of child support during the year. This child support is for his son Thomas who lives full time with his ex$-$wife. They do not have an agreement that speaks to the dependency deduction for this child. The date of the divorce was $2/15/2017,$ and her SSN is $771-45-6789.$

They had no virtual currency transactions during the year.

If they owe money, they will pay it on April $15$th $($and will not owe a penalty$),$ and if they are due a refund, they would like it deposited in their bank account $($make up routing and account numbers$).$