John Rivera, age 71, is single and has no dependents. At the beginning of 2023, John...

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John Rivera, age 71, is single and has no dependents. At the beginning of 2023, John started his own excavation business and named it Earth Movers. John lives at 1045 Center Street, Lindon, UT, and his business is located at 381 State Street, Lindon, UT. The Zip Code for both addresses is 84042. John's Social Security number is 111-11-1111, and the business identification number is 11-1111111. During 2023, John reports the following items in connection with his business: Fee income for services rendered Building rental expense Office furniture and equipment rental expense Office supplies Utilities Salary for secretary Salary for equipment operators Payroll taxes Fuel and oil for the equipment Business meals Business entertainment During 2023, John recorded the following additional items: 1. $10,000 Interest income from First National Bank 2. $9,500 Dividends from ExxonMobil 3. John contributed the maximum amount to a traditional IRA. 4. John incurred Section 1244 stock loss of $15,000. $1,000,000 36,000 9,000 2,500 4,000 34,000 42,000 7,000 21,000 10,000 10,000 5. Sale of ABC Inc. publicly traded stock on 11/15/2022 for $2,000 (originally purchased for $17,000 on 3/15/2021) 6. During the year, John invested $1,000 into JKL limited partnership for the first time. His share of the limited partnership income for the year was $5,000, and he received a $3,000 distribution from JKL limited partnership. He is a passive partner. 7. During the year, John invested $1,000 into MNO limited partnership for the first time. His share of the limited partnership loss for the year was $6,000. He is a passive partner. Prepare the 2023 Federal income tax return for John. Ignore self-employment taxes. Take qualified business income deduction and standard deduction. Please submit the following items: (1) Cover page with the group/section number and the names of each group member (2) Form 1040, Schedule 1, Schedule B, Schedule C, Schedule D and Schedule E (3) Detailed calculation, including the ending at-risk amount and disallowed/non-deductible passive losses (if any) for limited partnerships. John Rivera, age 71, is single and has no dependents. At the beginning of 2023, John started his own excavation business and named it Earth Movers. John lives at 1045 Center Street, Lindon, UT, and his business is located at 381 State Street, Lindon, UT. The Zip Code for both addresses is 84042. John's Social Security number is 111-11-1111, and the business identification number is 11-1111111. During 2023, John reports the following items in connection with his business: Fee income for services rendered Building rental expense Office furniture and equipment rental expense Office supplies Utilities Salary for secretary Salary for equipment operators Payroll taxes Fuel and oil for the equipment Business meals Business entertainment During 2023, John recorded the following additional items: 1. $10,000 Interest income from First National Bank 2. $9,500 Dividends from ExxonMobil 3. John contributed the maximum amount to a traditional IRA. 4. John incurred Section 1244 stock loss of $15,000. $1,000,000 36,000 9,000 2,500 4,000 34,000 42,000 7,000 21,000 10,000 10,000 5. Sale of ABC Inc. publicly traded stock on 11/15/2022 for $2,000 (originally purchased for $17,000 on 3/15/2021) 6. During the year, John invested $1,000 into JKL limited partnership for the first time. His share of the limited partnership income for the year was $5,000, and he received a $3,000 distribution from JKL limited partnership. He is a passive partner. 7. During the year, John invested $1,000 into MNO limited partnership for the first time. His share of the limited partnership loss for the year was $6,000. He is a passive partner. Prepare the 2023 Federal income tax return for John. Ignore self-employment taxes. Take qualified business income deduction and standard deduction. Please submit the following items: (1) Cover page with the group/section number and the names of each group member (2) Form 1040, Schedule 1, Schedule B, Schedule C, Schedule D and Schedule E (3) Detailed calculation, including the ending at-risk amount and disallowed/non-deductible passive losses (if any) for limited partnerships.