Logan B$.$ Iaylor is a widower whose spouse, Sara, died on June $0,2021.$

He lives at $4680$ Dogwood Lane, Springfield, MO $65801.$ He is employed

as a paralegal by a local law firm. During $2023,$ he had the following

receipts:

Communications

Decision Making

Planning

Tax Forms

Problem

ProConnect" Tax

Salary

Interest income$-$

Money market account at Omni Bank

Savings account at Boone State Bank

City of Springfield general purpose bonds

Inheritance from Daniel

Life insurance proceeds

Proceeds from sale of Insight, Inc. stock

Proceeds from estate sale

Federal income tax refund $($for $2021$ tax overpayment$)$ Logan inherited securities worth $$60,000$ from his uncle, Daniel, who died in $2022.$ Logan also was the

designated beneficiary of an insurance policy on Daniel's life with a maturity value of $$200,000.$ Logan

purchased $500$ shares of Insight, Inc. stock on May $2,2018$ for $$85,000$; he held the stock as an

investment. He sold the stock on January $5,2023$ for $$80,000.$ The estate sale consisted largely of items

belonging to Sara and Daniel $($e$.$g$.,$ camper, boat, furniture, and fishing and hunting equipment$).$ Logan

estimates that the property sold originally cost at least twice the $$9,000$ he received and has declined or

stayed the same in value since Sara and Daniel died.

Logan's expenditures for $2023$ include the following:

While Logan and his dependents are covered by his employer's health insurance policy, he is subject to a

deductible, and dental care is not included. The $$10,500$ dental charge was for Helen's implants. Helen is

Logan's widowed mother, who lives with him $($see below$).$ Logan normally pledges $$3,600($$$300$ per

month$)$ each year to his church. On December $5,2023,$ on the advice of his pastor, he prepaid his pledge

for $2024.$ designated beneficiary of an insurance policy on Daniel's life wi

purchased $500$ shares of Insight, Inc. stock on May $2,2018$ for $

investment. He sold the stock on January $5,2023$ for $$80,000.$ T

belonging to Sara and Daniel $($e$.$g$.,$ camper, boat, furniture, and

estimates that the property sold originally cost at least twice the

stayed the same in value since Sara and Daniel died.

Logan's expenditures for $2023$ include the following:

Medical expenses $($including $$10,500$ for dental$)$ Logan inherited securities worth $$60,000$ from his uncle, Daniel, who died in $2022.$ Logan also was the

designated beneficiary of an insurance policy on Daniel's life with a maturity value of $$200,000.$ Logan

purchased $500$ shares of Insight, Inc. stock on May $2,2018$ for $$85,000$; he held the stock as an

investment. He sold the stock on January $5,2023$ for Logan B$.$Logan B$.$ Taylor is a widower whose spouse, Sara, died on June $6,.$ He lives at $4680$ Dogwood Lane, Springfield, MO $65801.$ He is employed as a paralegal by a local law firm. During $,$ he had the following receipts:

Salary $ $80,000$

Interest income$$

Money market account at Omni Bank $$300$

Savings account at Boone State Bank $1,100$

City of Springfield general purpose bonds $3,0004,400$

Inheritance from Daniel $60,000$

Life insurance proceeds $200,000$

Proceeds from sale of Insight, Inc. stock $80,000$

Proceeds from estate sale $9,000$

Federal income tax refund $($for tax overpayment$)700$

Logan inherited securities worth $$60,000$ from his uncle, Daniel, who died in $.$ Logan also was the designated beneficiary of an insurance policy on Daniel's life with a maturity value of $$200,000.$ Logan purchased $500$ shares of Insight, Inc. stock on May $2,,$ for $$85,000$; he held the stock as an investment. He sold the stock on January $5,,$ for $$80,000.$ The estate sale consisted largely of items belonging to Sara and Daniel $($e$.$g$.,$ camper, boat, furniture, and fishing and hunting equipment$).$ Logan estimates that the property sold originally cost at least twice the $$9,000$ he received and has declined or stayed the same in value since Sara and Daniel died.

Logan's expenditures for include the following:

Medical expenses $($including $$10,500$ for dental$)$ $$13,500$

Taxes$$

State of Missouri income tax $($includes withholdings during $)$ $$4,200$

Property taxes on personal residence $4,5008,700$

Interest on home mortgage $($Boone State Bank$)5,600$

Contribution to church $($paid pledges for and $)7,200$

While Logan and his dependents are covered by his employer's health insurance policy, he is subject to a deductible, and dental care is not included. The $$10,500$ dental charge was for Helen's implants. Helen is Logan's widowed mother, who lives with him $($see below$).$ Logan normally pledges $$3,600($$$300$ per month$)$ each year to his church. On December $5,,$ upon the advice of his pastor, he prepaid his pl$.$