Maria A. Solo (SSN 318-01-6921) lives at 190 Glenn Drive, Grand Rapids, Michigan 49527- 2005. Maria...

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Maria A. Solo (SSN 318-01-6921) lives at 190 Glenn Drive, Grand Rapids, Michigan 49527- 2005. Maria (age 45 and single) claims her aunt Selda Ray (SSN 282-61-4011) as a dependent. Selda lives with Maria. Maria owns and operates the Reliable Drug Store at 1816 First Street in Grand Rapids, Michigan 49503-1902, in which she materially participates the entire year. Her EIN is: 38-9654321.Employer quarterly payroll tax returns were filed as required, and Maria reports on the accrual method, but used the direct write-off method to compute bad debt expense. Her business code is 446110. She does not deduct expenses for an office in her home. An examination of Maria's business records reveals that the depreciable property includes furniture and fixtures, a delivery truck, and store equipment. The depreciation expense shown on the 2022 income statement meets the income tax requirements for depreciation for using the mentioned assets during 2022. Maria rounds calculations to the nearest dollar. Miscellaneous expenses include the following: Contributions to the Red Cross Chamber of Commerce Personal Electric Bill for August Total Miscellaneous Expenses: Maria also pays $4,500 in State Income Estimated Taxes for 2022; and, property taxes on her personal vehicles of $450; in addition to her personal mortgage interest of $7,000. Further, she has evidence of church contributions of $2,000 in the form of a letter from her church. Other income for Maria includes a salary of $100 each month for her services as a member of a working committee of the Drug Association. Her Form W-2 from the Association shows wages of $1,200 and federal income tax withheld of $296. Through her work as an employee of the Drug Association. Maria is able to purchase her own full year health insurance coverage for $500 per month. She also had $1,000 in out of pocket medical expenses. Thus, Maria is compliant with the ACA mandate. Maria also earned $320 in taxable interest. Maria made federal estimated tax payments totaling $5,000 during 2022. This amount is reported on the Form 1040 - Page 2. $ 350 125 80 $ 555 Maria has some rental property - her former personal residence. It was rented for the entire year to the same lessee; and, its address is 123 Liberty Street, Grand Rapids, Michigan 49503-1902. Maria should use Schedule E to report her Rental Income and Expenses. She has had the following transactions for the rental property: Gross Rents: Depreciation Repairs Sewer Mortgage Interest Insurance Property Taxes $12,000 3,000 3,500 600 1,500 550 1,200 ($1,000 per month) Maria also was invested in the stock market; and, she had some transactions for the tax period 2022. She would use Schedule D to report her stock transactions. She had the following stock sales in 2022-she did not buy any new stock for the year 2022. She sold 100 shares of Budweiser Stock for $125 per share on July 15, 2022 purchased on July 3, 2017 for $75 per share. She sold 100 shares of Proctor & Gamble Stock for $100 per share on July 15, 2022 purchased on July 25, 2021 for $75 per share. She also sold 100 shares of McDonalds Stock for $175 per share on July 18, 2022 purchased on August 15, 2017 for $120 per share. She also has a Long-Term Loss Carry Forward of $6,500. Please prepare 2022 tax form 1040 and its related schedules(schedules 1, and 2) along with Schedules A, C, D, E, Form SE and Form 8949 for Maria Solo using the forms provided from the IRS website: WWW.IRS.GOV You will also need to complete the Form Qualified Dividends and Capital Gain Tax Worksheet to compute the tax for Maria. Also, Maria does not Operating revenue: Sales Less sales returns and allowances Net sales Cost of merchandise sold: Merchandise inventory, beginning RELIABLE DRUG STORE Income Statement For the Year Ended December 31, 2022 Purchases Less purchases returns and allowances Net purchases Merchandise available for sale Less merchandise inventory, ending Cost of merchandise sold Gross profit on sales Operating expenses: 1 Advertising expense Bad debt expense (direct write off method) Car and truck expense Depreciation expense Insurance expense (other than health) Miscellaneous expense Payroll taxes Rent expense (other business property) Telephone and utilities expense Travel expense Meals expense Wages expense Total operating expenses Net income $ 68,920 $198,240 (8,100) $190,140 $259,060 (69,185) $ 6,541 850 7,967 3,396 644 125 3,471 12,000 2,395 256 70 62,500 $324,200 (3,390) $320,810 (189,875) $130,935 (100,215) $30,720 Maria drove her personal automobile for 14,619 business miles during the year. Total miles for the year were 32,815. There were 1,300 commuting miles. This is Maria's only car. She has kept a writien log documenting her business miles. Maria first used the car in her business on May 4, 2021. She uses the standard mileage method. $1040 2022 Filing Status Single Married filing jointly Married filing separately (MFS) Check only one box. Your first name and middle initial If joint return, spouse's first name and middle initial Home address (number and street). If you have a P.O. box, see instructions. Foreign country name City, town, or post office. If you have a foreign address, also complete spaces below. If more than four dependents, see instructions and check here Age/Blindness You: Were born before January 2, 1958 Dependents (see instructions): (1) First name Income Attach Form(s) W-2 here. Also attach Forms W-2G and 1099-R if tax was withheld. If you did not get a Form W-2, see instructions. Attach Sch. B if required. Standard Deduction for- Single or Married filing separately, $12,950 0 Head of household. $19.400 Department of the Treasury-Internal Revenue Service U.S. Individual Income Tax Return OMB No. 1545-0074 IRS Use Only-Do not write or staple in this space. Head of household (HOH) Qualifying surviving spouse (QSS) If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QSS box, enter the child's name if the qualifying person is a child but not your dependent: Digital At any time during 2022, did you: (a) receive (as a reward, award, or payment for property or services); or (b) sell, Assets exchange, gift, or otherwise dispose of a digital asset (or a financial interest in a digital asset)? (See instructions.) Yes No Standard Someone can claim: You as a dependent Your spouse as a dependent Deduction Spouse itemizes on a separate return or you were a dual-status alien Are blind Spouse: (2) Social security number 7 8 Married filing jointly or Qualifying surviving spouse, 10 9 $25.900 11 12 If you checked 13 any box under Standard Deduction, see Instructions. If you have a qualifying child, attach Sch. EIC. Refund Direct deposit? See instructions. Amount You Owe Third Party Designee Sign Here Joint return? See instructions. Keep a copy for your records. 23 24 Payments 25 Paid Preparer Use Only d e For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. 14 15 Form 1040 (2022) Tax and 16 Tax (see instructions). Check any from Form(s): 18814 Credits 17 Amount from Schedule 2, line 3 18 Add lines 16 and 17. 19 Child tax credit or credit for other dependents from Schedule 8812 20 Amount from Schedule 3, line 8 Add lines 19 and 20 Subtract line 21 from line 18. If zero or less, enter -0- Other taxes, including self-employment tax, from Schedule 2, line 21 Add lines 22 and 23. This is your total tax 1a Total amount from Form(s) W-2, box 1 (see instructions) b Household employee wages not reported on Form(s) W-2 C Tip income not reported on line 1a (see instructions) Medicaid waiver payments not reported on Form(s) W-2 (see instructions) Taxable dependent care benefits from Form 2441, line 26 f Employer-provided adoption benefits from Form 8839, line 29 g Wages from Form 8919, line 6 . . . h Other earned income (see instructions) i Nontaxable combat pay election (see instructions) Z Add lines 1a through 1h 2a Tax-exempt interest. 3a Qualified dividends 4a 21 22 Last name Last name 28 b Taxable interest 3a b Ordinary dividends IRA distributions 4a b Taxable amount 5a Pensions and annuities 5a b Taxable amount 6a Social security benefits 6a b Taxable amount If you elect to use the lump-sum election method, check here (see instructions) Capital gain or (loss). Attach Schedule D if required. If not required, check here Other income from Schedule 1, line 10 a Form(s) W-2 b Form(s) 1099 26 27 28 29 30 31 32 Last name 38 Federal income tax withheld from: 22222 Designee's name Add lines 1z, 2b, 3b, 4b, 5b, 6b, and 8. This is your total income Adjustments to income from Schedule 1, line 26 Subtract line 10 from line 9. This is your adjusted gross income Standard deduction or itemized deductions (from Schedule A) Qualified business income deduction from Form 8995 or Form 8995-A Add lines 12 and 13. Subtract line 14 from line 11. If zero or less, enter -0-. This is your taxable income Phone no. Preparer's name Foreign province/state/county Spouse's signature. If a joint return, both must sign. Date Firm's name Firm's address Go to www.irs.gov/Form 1040 for instructions and the latest information. SCHEDULE 1 (Form 1040) Department of the Treasury Internal Revenue Service Name(s) shown on Form 1040, 1040-SR, or 1040-NR g Alaska Permanent Fund dividends h Jury duty pay. i Prizes and awards State Other forms (see instructions) d Add lines 25a through 25c. 2022 estimated tax payments and amount applied from 2021 return. Earned Income credit (EIC) Additional child tax credit from Schedule 8812 American opportunity credit from Form 8863, line 8 29 Reserved for future use. . . 30 Amount from Schedule 3, line 15. 31 Add lines 27, 28, 29, and 31. These are your total other payments and refundable credits 33 Add lines 25d, 26, and 32. These are your total payments 34 If line 33 is more than line 24, subtract line 24 from fine 33. This is the amount you overpaid 35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here b Routing number c Type: Checking 10000 d Account number 36 Amount of line 34 you want applied to your 2023 estimated tax 37 Subtract line 33 from line 24. This is the amount you owe. For details on how to pay, go to www.irs.gov/Payments or see instructions Estimated tax penalty (see instructions) 38 Do you want to allow another person to discuss this return with the IRS? See instructions Preparer's signature d Foreign earned income exclusion from Form 2555 e Income from Form 8853 f Income from Form 8889 i Activity not engaged in for profit income k Stock options .. Email address Schedule 1 (Form 1040) 2022 Part II Adjustments to Income Phone 2 4972 21 Student loan interest deduction Reserved for future use Archer MSA deduction I Income from the rental of personal property if you engaged in the rental for profit but were not in the business of renting such property Im Olympic and Paralympic medals and USOC prize money (see instructions) n Section 951(a) inclusion (see instructions) o Section 951A(a) inclusion (see instructions) p Section 461(1) excess business loss adjustment q Taxable distributions from an ABLE account (see instructions) r Scholarship and fellowship grants not reported on Form W-2 s Nontaxable amount of Medicaid waiver payments included on Form 1040, line 1a or 1d Was born before January 2, 1958 (3) Relationship to you t Pension or annuity from a nonqualifed deferred compensation plan or a nongovernmental section 457 plan u Wages earned while incarcerated z Other income. List type and amount: Spouse's occupation 15 Deductible part of self-employment tax. Attach Schedule SE 16 Self-employed SEP, SIMPLE, and qualified plans 17 Self-employed health insurance deduction 18 Penalty on early withdrawal of savings 19a Alimony paid b Recipient's SSN. c Date of original divorce or separation agreement (see instructions): 20 IRA deduction. 11 25 Total other adjustments. Add lines 24a through 24z 26 Add lines Form 1040 ZIP code 23 24 Other adjustments: a Jury duty pay (see instructions) b Deductible expenses related to income reported on line 81 from the rental of personal property engaged in for profit Nontaxable amount of the value of Olympic and Paralympic medals and USOC prize money reported on line 8m. d Reforestation amortization and expenses. e Repayment of supplemental unemployment benefits under the Trade Act of 1974. 30 25a 25b 25c f Contributions to section 501(c)(18) (D) pension plans. g Contributions by certain chaplains to section 403(b) plans h Attorney fees and court costs for actions involving certain unlawful discrimination claims (see instructions). . i Attorney fees and court costs you paid in connection with an award from the IRS for information you provided that helped the IRS detect tax law violations 27 28 Additional Income and Adjustments to Income Attach to Form 1040, 1040-SR, or 1040-NR. Go to www.irs.gov/Form 1040 for instructions and the latest information, Part I Additional Income 1 Taxable refunds, credits, or offsets of state and local income taxes 2a Alimony received b Date of original divorce or separation agreement (see instructions): 3 Business income or (loss). Attach Schedule C 4 Other gains or (losses). Attach Form 4797 5 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 6 Farm income or (loss). Attach Schedule F. 7 Unemployment compensation 8 Other income: a Net operating loss b Gambling c Cancellation of debt j Housing deduction from Form 2555. k Excess deductions of section 67(e) expenses from Schedule K-1 (Form 1041) z Other adjustments. List type and amount: 36 Foreign postal code your tax or refund. Date 8a 8b 8c Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Your signature Your occupation Date 8d 8e 8f 8g 8h 8i 8 8k 81 Cat, No. 113208 8m 8n 80 8p 8q 8r 8s ( 8t 8u 8z Apt. no. 24a 24b 24c 24d 24e 24f 24g M 9 Total other income. Add lines 8a through 8z.... 10 Combine lines 1 through 7 and 9. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 8 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 71479F 24h Your social security number Is blind (4) Check the box if qualifies for (see instructions): Child tax credit Credit for other dependents 24i 24j Spouse's social security number 11 Educator expenses 12 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 . 13 Health savings account deduction. Attach Form 8889 14 Moving expenses for members of the Armed Forces. Attach Form 3903 24k Presidential Election Campaign Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change 24z 00. Savings PTIN 1a 1b 1c 1d 1e 1f 1g 1h 1z 2b 3b 4b 32 33 34 35a 5b 6b 7 8 9 10 11 12 13 14 15 25d 26 11 through 23 and 25. These are your adjustments to income. Enter here and on or 1040-SR, line 10, or Form 1040-NR, line 10a 37 Yes. Complete below. No Personal identification number (PIN) 16 1 106 17 18 19 20 21 22 23 24 Phone no. Firm's EIN If the IRS sent you an Identity Protection PIN, enter it here (see inst.) You Spouse If the IRS sent your spouse an Identity Protection PIN, enter it here (see inst.) 1 2a 34567 C L 11 39 130 OMB No. 1545-0074 2022 Attachment Sequence No. 01 Your social security number 12 13 14 3,598 15 16 Form 1040 (2022) 17 18 19a 20 21 22 23 527 25 Page 2 9 10 Schedule 1 (Form 1040) 2022 Check If: Self-employed Form 1040 (2022) Page 2 26 Schedule 1 (Form 1040) 2022 SCHEDULE 2 (Form 1040) Department of the Treasury internal Revenue Service Name(s) shown on Form 1040, 1040-SR, or 1040-NR 4 5 Part I Tax 1 Alternative minimum tax. Attach Form 6251 2 Excess advance premium tax credit repayment. Attach Form 8962 3 Add lines 1 and 2. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 17 Part II Other Taxes 6 10123 9 Household employment taxes. Attach Schedule H 14 6 7 Total additional social security and Medicare tax. Add lines 5 and 6 8 Additional tax on IRAs or other tax-favored accounts. Attach Form 5329 if required. If not required, check here 15 16 Self-employment tax. Attach Schedule SE. Social security and Medicare tax on unreported tip income. Attach Form 4137 Uncollected social security and Medicare tax on wages. Attach Form 8919 Repayment of first-time homebuyer credit. Attach Form 5405 if required. Additional Medicare Tax. Attach Form 8959 Net investment income tax. Attach Form 8960 Uncollected social security and Medicare or RRTA tax on tips or group-term life insurance from Form W-2, box 12 For Paperwork Reduction Act Notice, see your tax return instructions. Interest on tax due on installment income from the sale of certain residential lots and timeshares. Schedule 2 (Form 1040) 2022 Part II Other Taxes (continued) Interest on the deferred tax on gain from certain installment sales with a sales price over $150,000 Recapture of low-income housing credit. Attach Form 8611. 17 Other additional taxes: a Recapture of other credits. List type, form number, and amount: b Recapture of federal mortgage subsidy, if you sold your home see instructions c Additional tax on HSA distributions. Attach Form 8889 d Additional tax on an HSA because you didn't remain an eligible individual. Attach Form 8889 h Income you received from a nonqualified deferred compensation plan that fails to meet the requirements of section 409A j Section 72(m)(5) excess benefits tax k Golden parachute payments 17d e Additional tax on Archer MSA distributions. Attach Form 8853. 17e f Additional tax on Medicare Advantage MSA distributions. Attach Form 8853 i Compensation you received from a nonqualified deferred compensation plan described in section 457A I Tax on accumulation distribution of trusts m Excise tax on insider stock compensation from an expatriated corporation. g Recapture of a charitable contribution deduction related to a fractional interest in tangible personal property. 17g n Look-back interest under section 167(g) or 460(b) from Form 8697 or 8866 Additional Taxes Attach to Form 1040, 1040-SR, or 1040-NR. Go to www.irs.gov/Form 1040 for instructions and the latest information. o Tax on non-effectively connected income for any part of the year you were a nonresident alien from Form 1040-NR. p Any interest from Form 8621, line 16f, relating to distributions from, and dispositions of, stock of a section 1291 fund. q Any interest from Form 8621, line 24 z Any other taxes. List type and amount: SCHEDULE A (Form 1040) Department of the Treasury Internal Revenue Service Name(s) shown on Form 1040 or 1040-SR Medical and Dental Expenses Taxes You Paid Interest You Paid Caution: Your mortgage interest deduction may be limited. See instructions. Casualty and Theft Losses 14 Other Itemized Deductions Gifts to Charity Caution: If you 12 made a gift and 18 Total additional taxes. Add lines 17a through 17z. 19 Reserved for future use 20 Section 965 net tax liability installment from Form 965-A. 21 Add lines 4, 7 through 16, and 18. These are your total other taxes. Enter here and on Form 1040 or 1040-SR, line 23, or Form 1040-NR, line 23b. Total Itemized Deductions 18 got a benefit for it, see instructions. 13 Carryover from prior year 14 Add lines 11 through 13 Part I d Reserved for future use e Add lines 8a through 8c. 9 Investment interest. Attach Form 4952 if required. See instructions. 10 Add lines 8e and 9. instructions... 16 Other-from list in instructions. List type and amount: Caution: Do not include expenses reimbursed or paid by others. 1 Medical and dental expenses (see instructions) 2 Enter amount from Form 1040 or 1040-SR, line 11 2 3 Multiply line 2 by 7.5% (0.075)...... 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter -0- 5 State and local taxes. a State and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line 5a, but not both. If you elect to include general sales taxes instead of income taxes, check this box.... b State and local real estate taxes (see instructions). c State and local personal property taxes d Add lines 5a through 5c e Enter the smaller of line 5d or $10,000 ($5,000 if married filing separately)... 6 Other taxes. List type and amount: A Principal business or profession, including product or service (see instructions) Business name. If no separate business name, leave blank. F Accounting method: 7 Add lines 5e and 6 8 Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions and check this box U E Business address (including suite or room no.) City, town or post office, state, and ZIP code Cash a Home mortgage interest and points reported to you on Form 1098. See instructions limited b Home mortgage interest not reported to you on Form 1098. See instructions if limited. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address. For Paperwork c Points not reported to you on Form 1098. See instructions for special rules. 11 Gifts by cash or check. If you made any gift of $250 or more, see instructions Other than by cash or check. If you made any gift of $250 or more, see instructions. You must attach Form 8283 if over $500. and section 179 expense (not deduction included in Part III) (see instructions) Employee benefit programs (other than on line 19) (other 15 Insurance 16 Interest (see instructions): Itemized Deductions Go to www.irs.gov/ScheduleA for instructions and the latest information. Attach to Form 1040 or 1040-SR. Caution: If you are claiming a net qualified disaster loss on Form 4684, see the instructions for line 16. 9 10 Commissions and fees. 10 11 Contract Jabor (see instructions) 11 12 Depletion 12 13 Depreciation Cat, No. 71478U 31 Net profit If a profit, enter checked the box the simplified filers use of your method. only: Enter and (b) the part of your home used Method Worksheet in or If you checked a Mortgage (paid to banks, etc.) b Other 17 Legal and professional services 28 Total expenses before expenses for business use of home. Add lines 29 Tentative profit or (loss). Subtract line 28 from line 7. . 30 Expenses for business unless using Simplified method 14 than health) 15 1041, line 5 If you elect to itemize deductions even though they are less than your standard deduction, check this box..... For Paperwork Reduction Act Notice, see the Instructions for Form 1040. must go Schedule C (Form 1040) Part III Cost 15 Casualty and theft loss(es) from a federally declared disaster (other than net qualified disaster losses). Attach Form 4684 and enter the amount from line 18 of that form. See 32a, SE, line 2. (If you checked Form 3. If you checked 32b, you Reduction (loss). Subtract line 30 from If a loss, you 32. 32 If you have a loss, check the box that describes 13 17a Expenses. Enter expenses for business use of your home only on line 30. 8 to 17b 17c 16a 16b 17 enter 17f you make any payments in 2022 that would require you to file Form(s) 1099? See instructions If "Yes," did you or will you file required Form(s) 1099? Income 2 3 Subtract line 2 from line 1 4 Cost of goods sold (from line 42) 5 Gross profit. Subtract line 4 from line 3 6 Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) 7 Gross income. Add lines 5 and 6 Part II 8 Advertising 9 Car and truck expenses (see instructions) 17h 17i 17j 17k 171 for business: the instructions to figure the amount to enter on line 30 line 29. 33 Method(s) used to value closing inventory: 17m SCHEDULE C (Form 1040) Department of the Treasury Internal Revenue Service Attach to Form 1040, 1040-SR, 1040-NR, or 1041; partnerships must generally file Form 1065. Name of proprietor the the box 17n 1 Gross receipts or sales. See instructions for line 1 and check the box if this income was reported to you on Form W-2 and the "Statutory employee" box on that form was checked n 1 Returns and allowances. 2 3 4 loss 170 17p 17g 17 Add the amounts in the far right column for lines 4 through 16. Also, enter this amount on Form 1040 or 1040-SR, line 12 17 must Act Notice, see 17z on both Schedule on line 1, see the line 20 Profit or Loss From Business (Sole Proprietorship) Go to www.irs.gov/ScheduleC for instructions and the latest information. attach a Form 6198. the separate instructions. 2022 of Goods Sold (see instructions) Cost (2) Accrual (3) Other (specify) G Did you "materially participate" in the operation of this business during 2022? If "No," see instructions for limit on losses H If you started or acquired this business during 2022, check here. I Did J b 8 through 27a on both Schedule 1 (Form 1040), line 3, and on Schedule SE, line 2. (If you on line 1, see instructions.) Estates and trusts, enter on Form 1041, line 3. line Your loss may be limited. 3 5a 5b 5c 5d 5e 8a 8b Lower of cost or market 8c 8d 8e 9 11 12 13 b Deductible meals (see instructions). Cat. No. 17145C 18 Office expense (see instructions). 19 Pension and profit-sharing plans. 20 Rent or lease (see instructions): home. Do not report these expenses elsewhere. Attach Form 8829 See instructions. the total square footage of (a) your home: OMB No. 1545-0074 2022 Attachment Sequence No. 02 Your social security number a b Other business property. 21 Repairs and maintenance 22 Supplies 23 Taxes and licenses.. 24 Travel and meals: a Travel. (not included in Part III) your investment in this activity. See instructions. 1 (Form 1040), line 3, and on Schedule 31 instructions.) Estates and trusts, enter on Vehicles, machinery, and equipment 20a 20b 21 22 23 Use the Simplified 24b 25 Utilities. 25 26 Wages (less employment credits) 26 27a Other expenses (from line 48). 27a b Reserved for future use 27b 28 29 Cat. No. 11334P 15 16 (continued on page 2) Schedule 2 (Form 1040) 2022 5 1 2 3 6 7 4 18 19 7 8 9 10 11 12 13 24a 14 30 31 18 19 21 Schedule 2 (Form 1040) 2022 OMB No. 1545-0074 2022 Attachment Sequence No. 07 Your social security number OMB No. 1545-0074 2022 Attachment Sequence No. 09 Social security number (SSN) B Enter code from instructions 10 D Employer ID number (EIN) (see instr.) 14 15 16 Page 2 Schedule A (Form 1040) 2022 Yes No Yes No Yes No 32a All investment is at risk. 32b Some investment is not at risk. Schedule C (Form 1040) 2022 Page 2 SCHEDULE D (Form 1040) Department of the Treasury Internal Revenue Service Name(s) shown on retum Did you dispose of any investment(s) in a qualified opportunity fund during the tax year? If "Yes," attach Form 8949 and see its instructions for additional requirements for reporting your gain or loss. Yes No Part I See instructions for how to figure the amounts to enter on the lines below. This form may be easier to complete if you round off cents to whole dollars. 1a Totals for all short-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 1b. 1b Totals for all transactions reported on Form(s) 8949 with Box checked ....... 2 Totals for all transactions reported on Form(s) 8949 with Box B checked 3 Totals for all transactions reported on Form(s) 8949 with Box C checked See instructions for how to figure the amounts to enter on the lines below. Short-Term Capital Gains and Losses-Generally Assets Held One Year or Less (see instructions) This form may be easier to complete if you round off cents to whole dollars. 10 000 7 500 4 Short-term gain from Form 6252 and short-term gain or (loss) from Forms 4684, 6781, and 8824 5 Net short-term gain or (loss) from partnerships, S corporations, estates, and trusts from Schedule(s) K-1...... 6 Short-term capital loss carryover. Enter the amount, if any, from line 8 of your Capital Loss Carryover Worksheet in the instructions 8a Totals for all long-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 8b 8b Totals for all transactions reported on Form(s) 8949 with Box D checked DATA 9 Totals for all transactions reported on Form(s) 8949 with Box E checked 10 Totals for all transactions Box F checked. 16 .... Schedule D (Form 1040) 2022 Part III Summary 17 Capital Gains and Losses Attach to Form 1040, 1040-SR, or 1040-NR. Go to www.irs.gov/Scheduled for instructions and the latest information. Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b, 9, and 10. 18 7 Net short-term capital gain or (loss). Combine lines 1a through 6 in column (h). If you have any long- term capital gains or losses, go to Part II below. Otherwise, go to Part III on the back 2 500 7 Part II Long-Term Capital Gains and Losses-Generally Assets Held More Than One Year (see instructions) 19 20 21 30 000 19 500 11 Gain from Form 4797, Part I; long-term gain from Forms 2439 and 6252; and long-term gain or (loss) from Forms 4684, 6781, and 8824 12 Net long-term gain or (loss) from partnerships, S corporations, estates, and trusts from Schedule(s) K-1 13 Capital gain distributions. See the instructions Form ratione reported on 14 Long-term capital loss carryover. Enter the amount, if any, from line 13 of your Capital Loss Carryover Worksheet in the instructions 15 Net long-term capital gain or (loss). Combine lines 8a through 14 in column (h). Then, go to Part III on the back Cat, No. 11338H For Paperwork Reduction Act Notice, see your tax return instructions. 1 Combine lines 7 and 15 and enter the result reported on Form(s) 8949 with reported on 1 Are lines 15 and 16 both gains? Yes. Go to line 18. No. Skip lines 18 through 21, and go to line 22. 8949 Department of the Treasury Internal Revenue Service Name(s) shown on return If line 16 is a gain, enter the amount from line 16 on Form 1040, 1040-SR, or 1040-NR, line 7. Then, go to line 17 below. If line 16 is a loss, skip lines 17 through 20 below. Then, go to line 21. Also be sure to complete line 22. If line 16 is zero, skip lines 17 through 21 below and enter -0- on Form 1040, 1040-SR, or 1040-NR, line 7. Then, go to line 22. 22 Do you have qualified dividends on Form 1040, 1040-SR, or 1040-NR, line 3a? If you are required to complete the 28% Rate Gain Worksheet (see instructions), enter the amount, if any, from line 7 of that worksheet. Proceeds (sales price) If you are required to complete the Unrecaptured Section 1250 Gain Worksheet (see instructions), enter the amount, if any, from line 18 of that worksheet Are lines 18 and 19 both zero or blank and you are not filing Form 4952? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 16. Don't complete lines 21 and 22 below. No. Complete the Schedule D Tax Worksheet in the instructions. Don't complete lines 21 and 22 below. If line 16 is a loss, enter here and on Form 1040, 1040-SR, or 1040-NR, line 7, the smaller of: The loss on line 16; or ($3,000), or if married filing separately, ($1,500) Note: When figuring which amount is smaller, treat both amounts as positive numbers. (d) Proceeds (sales price) (a) Description of property (Example: 100 sh. XYZ Co.) (e) Cost (or other basis) Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 16. No. Complete the rest of Form 1040, 1040-SR, or 1040-NR. (Example: 100 (e) Cost (or other basis) Sales and Other Dispositions of Capital Assets Go to www.irs.gov/Form8949 for instructions and the latest information. File with your Schedule D to list your transactions for lines 1b, 2, 3, 8b, 9, and 10 of Schedule D. (a) Description of property sh, XYZ Co.) 2022 Attachment Sequence No. 12 Your social security number (g) Adjustments to gain or loss from Form(s) 8949, Part I, line 2, column (g) Form 8949 (2022) Name(s) shown on return. Name and SSN or taxpayer identification no. not required if shown other side 2 Totals. Add the amounts in negative amounts). Enter each Schedule D, line 8b (if above is checked), or line Note: If you checked adjustment Box (b) Date acquired (Mo., day, yr.) 10 (d) Date sold or Proceeds disposed of (sales price) (Mo., day, yr.) (see instructions) Box D above in column (g) to correct (a) Adjustments to gain or loss from Form(s) 8949, Part II, line 2, column (g) (b) Date acquired (Mo., day, yr.) columns (d), (e), (g), and (h) (subtract here and include on your checked), line 9 (if Box E total D above (if Box F above is checked) . but the (c) Date sold on disposed of (Mo., day, yr.) Before you check Box A, B, or C below, see whether you received any Form(s) 1099-B or substitute statement(s) from your broker. A substitute statement will have the same information as Form 1099-B. Either will show whether your basis (usually your cost) was reported to the IRS by your broker and may even tell you which box to check. Part I Short-Term. Transactions involving capital assets you held 1 year or less are generally short-term (see instructions). For long-term transactions, see page 2. Note: You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D, line 1a; you aren't required to report these transactions on Form 8949 (see instructions). You must check Box A, B, or C below. Check only one box. If more than one box applies for your short-term transactions, complete a separate Form 8949, page 1, for each applicable box. If you have more short-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. (A) Short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (B) Short-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS (C) Short-term transactions not reported to you on Form 1099-B (e) Cost or other basis See the Note below and see Column (e)) in the separate Instructions. 7 500 16 30 000 4 18 19 5 6 21 OMB No. 1545-0074 (e) (d) Cost or other basis Proceeds See the Note below (sales price) (see instructions) and see Column (e) in the separate instructions. 2 Totals. Add the amounts in columns (d), (e), (g), and (h) (subtract negative amounts). Enter each total here and include on your 10 000 Schedule D, line 1b (if Box A above is checked), line 2 (if Box B above is checked), or line 3 (if Box C above is checked). Note: If you checked Box A above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 37768Z Form 8949 (2022) 11 12 13 (h) Gain or (loss) Subtract column (e) from column (d) and combine the result with column (g) 15 4 000 Schedule D (Form 1040) 2022 2 500 Before you check Box D, E, or F below, see whether you received any Form(s) 1099-B or substitute statement(s) from your broker. A substitute statement will have the same information as Form 1099-B. Either will show whether your basis (usually your cost) was reported to the IRS by your broker and may even tell you which box to check. Part II (1) Code(s) from instructions (D) Long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (E) Long-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS (F) Long-term transactions not reported to you on Form 1099-B (h) Gain or (loss) Subtract column (e) from column (d) and combine the d result with column (g) 146 500 OMB No. 1545-0074 2022 Attachment Sequence No. 12A Social security number or taxpayer identification number Long-Term. Transactions involving capital assets you held more than 1 year are generally long-term (see instructions). For short-term transactions, see page 1. Note: You may aggregate all long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D, line 8a; you aren't required to report these transactions on Form 8949 (see instructions). You must check Box D, E, or F below. Check only one box. If more than one box applies for your long-term transactions, complete a separate Form 8949, page 2, for each applicable box. If you have more long-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. 10 500 Adjustment, if any, to gain or loss If you enter an amount in column (g), enter a code in column (f). See the separate instructions. (1) (g) Code(s) from Amount of Instructions adjustment Schedule D (Form 1040) 2022 6 500 Page 2 (9) Amount of adjustment (h) Gain or (loss) Subtract column (e) from column (d) and combine the r e result with column (g). Attachment Sequence No. 12A Page 2 Social security number or taxpayer identification number 2 500 Adjustment, if any, to gain or loss If you enter an amount in column (g). enter a code in column (f). See the separate instructions. Subtract column (e) from column (d) and combine the result with column (g). (h) Gain or (loss) 10 500 19 500 the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. Form 8949 (2022) SCHEDULE E (Form 1040) Department of the Treasury Internal Revenue Service Name(s) shown on retum Part I A Did you make any payments in 2022 that would require you to file Form(s) 1099? See instructions B If "Yes," did you or will you file required Form(s) 1099? 1a Physical address of each property (street, city, state, ZIP code) A B C 1b A B C Type of Property: Income: 1 Single Family Residence 2 Multi-Family Residence Expenses: Expenses: 5 X X 3 Rents received. Royalties received 4 9 12 13 15 * 16 17 18 19 20 21 22 24 25 26 Type of Property (from list below) Income or Loss From Rental Real Estate and Royalties Note: If you are in the business of renting personal property, use Schedule C. See instructions. If you are an individual, report farm rental income or loss from Form 4835 on page 2, line 40. 27 28 Maria A. Solo (SSN 318-01-6921) lives at 190 Glenn Drive, Grand Rapids, Michigan 49527- 2005. Maria (age 45 and single) claims her aunt Selda Ray (SSN 282-61-4011) as a dependent. Selda lives with Maria. Maria owns and operates the Reliable Drug Store at 1816 First Street in Grand Rapids, Michigan 49503-1902, in which she materially participates the entire year. Her EIN is: 38-9654321.Employer quarterly payroll tax returns were filed as required, and Maria reports on the accrual method, but used the direct write-off method to compute bad debt expense. Her business code is 446110. She does not deduct expenses for an office in her home. An examination of Maria's business records reveals that the depreciable property includes furniture and fixtures, a delivery truck, and store equipment. The depreciation expense shown on the 2022 income statement meets the income tax requirements for depreciation for using the mentioned assets during 2022. Maria rounds calculations to the nearest dollar. Miscellaneous expenses include the following: Contributions to the Red Cross Chamber of Commerce Personal Electric Bill for August Total Miscellaneous Expenses: Maria also pays $4,500 in State Income Estimated Taxes for 2022; and, property taxes on her personal vehicles of $450; in addition to her personal mortgage interest of $7,000. Further, she has evidence of church contributions of $2,000 in the form of a letter from her church. Other income for Maria includes a salary of $100 each month for her services as a member of a working committee of the Drug Association. Her Form W-2 from the Association shows wages of $1,200 and federal income tax withheld of $296. Through her work as an employee of the Drug Association. Maria is able to purchase her own full year health insurance coverage for $500 per month. She also had $1,000 in out of pocket medical expenses. Thus, Maria is compliant with the ACA mandate. Maria also earned $320 in taxable interest. Maria made federal estimated tax payments totaling $5,000 during 2022. This amount is reported on the Form 1040 - Page 2. $ 350 125 80 $ 555 Maria has some rental property - her former personal residence. It was rented for the entire year to the same lessee; and, its address is 123 Liberty Street, Grand Rapids, Michigan 49503-1902. Maria should use Schedule E to report her Rental Income and Expenses. She has had the following transactions for the rental property: Gross Rents: Depreciation Repairs Sewer Mortgage Interest Insurance Property Taxes $12,000 3,000 3,500 600 1,500 550 1,200 ($1,000 per month) Maria also was invested in the stock market; and, she had some transactions for the tax period 2022. She would use Schedule D to report her stock transactions. She had the following stock sales in 2022-she did not buy any new stock for the year 2022. She sold 100 shares of Budweiser Stock for $125 per share on July 15, 2022 purchased on July 3, 2017 for $75 per share. She sold 100 shares of Proctor & Gamble Stock for $100 per share on July 15, 2022 purchased on July 25, 2021 for $75 per share. She also sold 100 shares of McDonalds Stock for $175 per share on July 18, 2022 purchased on August 15, 2017 for $120 per share. She also has a Long-Term Loss Carry Forward of $6,500. Please prepare 2022 tax form 1040 and its related schedules(schedules 1, and 2) along with Schedules A, C, D, E, Form SE and Form 8949 for Maria Solo using the forms provided from the IRS website: WWW.IRS.GOV You will also need to complete the Form Qualified Dividends and Capital Gain Tax Worksheet to compute the tax for Maria. Also, Maria does not Operating revenue: Sales Less sales returns and allowances Net sales Cost of merchandise sold: Merchandise inventory, beginning RELIABLE DRUG STORE Income Statement For the Year Ended December 31, 2022 Purchases Less purchases returns and allowances Net purchases Merchandise available for sale Less merchandise inventory, ending Cost of merchandise sold Gross profit on sales Operating expenses: 1 Advertising expense Bad debt expense (direct write off method) Car and truck expense Depreciation expense Insurance expense (other than health) Miscellaneous expense Payroll taxes Rent expense (other business property) Telephone and utilities expense Travel expense Meals expense Wages expense Total operating expenses Net income $ 68,920 $198,240 (8,100) $190,140 $259,060 (69,185) $ 6,541 850 7,967 3,396 644 125 3,471 12,000 2,395 256 70 62,500 $324,200 (3,390) $320,810 (189,875) $130,935 (100,215) $30,720 Maria drove her personal automobile for 14,619 business miles during the year. Total miles for the year were 32,815. There were 1,300 commuting miles. This is Maria's only car. She has kept a writien log documenting her business miles. Maria first used the car in her business on May 4, 2021. She uses the standard mileage method. $1040 2022 Filing Status Single Married filing jointly Married filing separately (MFS) Check only one box. Your first name and middle initial If joint return, spouse's first name and middle initial Home address (number and street). If you have a P.O. box, see instructions. Foreign country name City, town, or post office. If you have a foreign address, also complete spaces below. If more than four dependents, see instructions and check here Age/Blindness You: Were born before January 2, 1958 Dependents (see instructions): (1) First name Income Attach Form(s) W-2 here. Also attach Forms W-2G and 1099-R if tax was withheld. If you did not get a Form W-2, see instructions. Attach Sch. B if required. Standard Deduction for- Single or Married filing separately, $12,950 0 Head of household. $19.400 Department of the Treasury-Internal Revenue Service U.S. Individual Income Tax Return OMB No. 1545-0074 IRS Use Only-Do not write or staple in this space. Head of household (HOH) Qualifying surviving spouse (QSS) If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QSS box, enter the child's name if the qualifying person is a child but not your dependent: Digital At any time during 2022, did you: (a) receive (as a reward, award, or payment for property or services); or (b) sell, Assets exchange, gift, or otherwise dispose of a digital asset (or a financial interest in a digital asset)? (See instructions.) Yes No Standard Someone can claim: You as a dependent Your spouse as a dependent Deduction Spouse itemizes on a separate return or you were a dual-status alien Are blind Spouse: (2) Social security number 7 8 Married filing jointly or Qualifying surviving spouse, 10 9 $25.900 11 12 If you checked 13 any box under Standard Deduction, see Instructions. If you have a qualifying child, attach Sch. EIC. Refund Direct deposit? See instructions. Amount You Owe Third Party Designee Sign Here Joint return? See instructions. Keep a copy for your records. 23 24 Payments 25 Paid Preparer Use Only d e For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. 14 15 Form 1040 (2022) Tax and 16 Tax (see instructions). Check any from Form(s): 18814 Credits 17 Amount from Schedule 2, line 3 18 Add lines 16 and 17. 19 Child tax credit or credit for other dependents from Schedule 8812 20 Amount from Schedule 3, line 8 Add lines 19 and 20 Subtract line 21 from line 18. If zero or less, enter -0- Other taxes, including self-employment tax, from Schedule 2, line 21 Add lines 22 and 23. This is your total tax 1a Total amount from Form(s) W-2, box 1 (see instructions) b Household employee wages not reported on Form(s) W-2 C Tip income not reported on line 1a (see instructions) Medicaid waiver payments not reported on Form(s) W-2 (see instructions) Taxable dependent care benefits from Form 2441, line 26 f Employer-provided adoption benefits from Form 8839, line 29 g Wages from Form 8919, line 6 . . . h Other earned income (see instructions) i Nontaxable combat pay election (see instructions) Z Add lines 1a through 1h 2a Tax-exempt interest. 3a Qualified dividends 4a 21 22 Last name Last name 28 b Taxable interest 3a b Ordinary dividends IRA distributions 4a b Taxable amount 5a Pensions and annuities 5a b Taxable amount 6a Social security benefits 6a b Taxable amount If you elect to use the lump-sum election method, check here (see instructions) Capital gain or (loss). Attach Schedule D if required. If not required, check here Other income from Schedule 1, line 10 a Form(s) W-2 b Form(s) 1099 26 27 28 29 30 31 32 Last name 38 Federal income tax withheld from: 22222 Designee's name Add lines 1z, 2b, 3b, 4b, 5b, 6b, and 8. This is your total income Adjustments to income from Schedule 1, line 26 Subtract line 10 from line 9. This is your adjusted gross income Standard deduction or itemized deductions (from Schedule A) Qualified business income deduction from Form 8995 or Form 8995-A Add lines 12 and 13. Subtract line 14 from line 11. If zero or less, enter -0-. This is your taxable income Phone no. Preparer's name Foreign province/state/county Spouse's signature. If a joint return, both must sign. Date Firm's name Firm's address Go to www.irs.gov/Form 1040 for instructions and the latest information. SCHEDULE 1 (Form 1040) Department of the Treasury Internal Revenue Service Name(s) shown on Form 1040, 1040-SR, or 1040-NR g Alaska Permanent Fund dividends h Jury duty pay. i Prizes and awards State Other forms (see instructions) d Add lines 25a through 25c. 2022 estimated tax payments and amount applied from 2021 return. Earned Income credit (EIC) Additional child tax credit from Schedule 8812 American opportunity credit from Form 8863, line 8 29 Reserved for future use. . . 30 Amount from Schedule 3, line 15. 31 Add lines 27, 28, 29, and 31. These are your total other payments and refundable credits 33 Add lines 25d, 26, and 32. These are your total payments 34 If line 33 is more than line 24, subtract line 24 from fine 33. This is the amount you overpaid 35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here b Routing number c Type: Checking 10000 d Account number 36 Amount of line 34 you want applied to your 2023 estimated tax 37 Subtract line 33 from line 24. This is the amount you owe. For details on how to pay, go to www.irs.gov/Payments or see instructions Estimated tax penalty (see instructions) 38 Do you want to allow another person to discuss this return with the IRS? See instructions Preparer's signature d Foreign earned income exclusion from Form 2555 e Income from Form 8853 f Income from Form 8889 i Activity not engaged in for profit income k Stock options .. Email address Schedule 1 (Form 1040) 2022 Part II Adjustments to Income Phone 2 4972 21 Student loan interest deduction Reserved for future use Archer MSA deduction I Income from the rental of personal property if you engaged in the rental for profit but were not in the business of renting such property Im Olympic and Paralympic medals and USOC prize money (see instructions) n Section 951(a) inclusion (see instructions) o Section 951A(a) inclusion (see instructions) p Section 461(1) excess business loss adjustment q Taxable distributions from an ABLE account (see instructions) r Scholarship and fellowship grants not reported on Form W-2 s Nontaxable amount of Medicaid waiver payments included on Form 1040, line 1a or 1d Was born before January 2, 1958 (3) Relationship to you t Pension or annuity from a nonqualifed deferred compensation plan or a nongovernmental section 457 plan u Wages earned while incarcerated z Other income. List type and amount: Spouse's occupation 15 Deductible part of self-employment tax. Attach Schedule SE 16 Self-employed SEP, SIMPLE, and qualified plans 17 Self-employed health insurance deduction 18 Penalty on early withdrawal of savings 19a Alimony paid b Recipient's SSN. c Date of original divorce or separation agreement (see instructions): 20 IRA deduction. 11 25 Total other adjustments. Add lines 24a through 24z 26 Add lines Form 1040 ZIP code 23 24 Other adjustments: a Jury duty pay (see instructions) b Deductible expenses related to income reported on line 81 from the rental of personal property engaged in for profit Nontaxable amount of the value of Olympic and Paralympic medals and USOC prize money reported on line 8m. d Reforestation amortization and expenses. e Repayment of supplemental unemployment benefits under the Trade Act of 1974. 30 25a 25b 25c f Contributions to section 501(c)(18) (D) pension plans. g Contributions by certain chaplains to section 403(b) plans h Attorney fees and court costs for actions involving certain unlawful discrimination claims (see instructions). . i Attorney fees and court costs you paid in connection with an award from the IRS for information you provided that helped the IRS detect tax law violations 27 28 Additional Income and Adjustments to Income Attach to Form 1040, 1040-SR, or 1040-NR. Go to www.irs.gov/Form 1040 for instructions and the latest information, Part I Additional Income 1 Taxable refunds, credits, or offsets of state and local income taxes 2a Alimony received b Date of original divorce or separation agreement (see instructions): 3 Business income or (loss). Attach Schedule C 4 Other gains or (losses). Attach Form 4797 5 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 6 Farm income or (loss). Attach Schedule F. 7 Unemployment compensation 8 Other income: a Net operating loss b Gambling c Cancellation of debt j Housing deduction from Form 2555. k Excess deductions of section 67(e) expenses from Schedule K-1 (Form 1041) z Other adjustments. List type and amount: 36 Foreign postal code your tax or refund. Date 8a 8b 8c Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Your signature Your occupation Date 8d 8e 8f 8g 8h 8i 8 8k 81 Cat, No. 113208 8m 8n 80 8p 8q 8r 8s ( 8t 8u 8z Apt. no. 24a 24b 24c 24d 24e 24f 24g M 9 Total other income. Add lines 8a through 8z.... 10 Combine lines 1 through 7 and 9. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 8 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 71479F 24h Your social security number Is blind (4) Check the box if qualifies for (see instructions): Child tax credit Credit for other dependents 24i 24j Spouse's social security number 11 Educator expenses 12 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 . 13 Health savings account deduction. Attach Form 8889 14 Moving expenses for members of the Armed Forces. Attach Form 3903 24k Presidential Election Campaign Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change 24z 00. Savings PTIN 1a 1b 1c 1d 1e 1f 1g 1h 1z 2b 3b 4b 32 33 34 35a 5b 6b 7 8 9 10 11 12 13 14 15 25d 26 11 through 23 and 25. These are your adjustments to income. Enter here and on or 1040-SR, line 10, or Form 1040-NR, line 10a 37 Yes. Complete below. No Personal identification number (PIN) 16 1 106 17 18 19 20 21 22 23 24 Phone no. Firm's EIN If the IRS sent you an Identity Protection PIN, enter it here (see inst.) You Spouse If the IRS sent your spouse an Identity Protection PIN, enter it here (see inst.) 1 2a 34567 C L 11 39 130 OMB No. 1545-0074 2022 Attachment Sequence No. 01 Your social security number 12 13 14 3,598 15 16 Form 1040 (2022) 17 18 19a 20 21 22 23 527 25 Page 2 9 10 Schedule 1 (Form 1040) 2022 Check If: Self-employed Form 1040 (2022) Page 2 26 Schedule 1 (Form 1040) 2022 SCHEDULE 2 (Form 1040) Department of the Treasury internal Revenue Service Name(s) shown on Form 1040, 1040-SR, or 1040-NR 4 5 Part I Tax 1 Alternative minimum tax. Attach Form 6251 2 Excess advance premium tax credit repayment. Attach Form 8962 3 Add lines 1 and 2. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 17 Part II Other Taxes 6 10123 9 Household employment taxes. Attach Schedule H 14 6 7 Total additional social security and Medicare tax. Add lines 5 and 6 8 Additional tax on IRAs or other tax-favored accounts. Attach Form 5329 if required. If not required, check here 15 16 Self-employment tax. Attach Schedule SE. Social security and Medicare tax on unreported tip income. Attach Form 4137 Uncollected social security and Medicare tax on wages. Attach Form 8919 Repayment of first-time homebuyer credit. Attach Form 5405 if required. Additional Medicare Tax. Attach Form 8959 Net investment income tax. Attach Form 8960 Uncollected social security and Medicare or RRTA tax on tips or group-term life insurance from Form W-2, box 12 For Paperwork Reduction Act Notice, see your tax return instructions. Interest on tax due on installment income from the sale of certain residential lots and timeshares. Schedule 2 (Form 1040) 2022 Part II Other Taxes (continued) Interest on the deferred tax on gain from certain installment sales with a sales price over $150,000 Recapture of low-income housing credit. Attach Form 8611. 17 Other additional taxes: a Recapture of other credits. List type, form number, and amount: b Recapture of federal mortgage subsidy, if you sold your home see instructions c Additional tax on HSA distributions. Attach Form 8889 d Additional tax on an HSA because you didn't remain an eligible individual. Attach Form 8889 h Income you received from a nonqualified deferred compensation plan that fails to meet the requirements of section 409A j Section 72(m)(5) excess benefits tax k Golden parachute payments 17d e Additional tax on Archer MSA distributions. Attach Form 8853. 17e f Additional tax on Medicare Advantage MSA distributions. Attach Form 8853 i Compensation you received from a nonqualified deferred compensation plan described in section 457A I Tax on accumulation distribution of trusts m Excise tax on insider stock compensation from an expatriated corporation. g Recapture of a charitable contribution deduction related to a fractional interest in tangible personal property. 17g n Look-back interest under section 167(g) or 460(b) from Form 8697 or 8866 Additional Taxes Attach to Form 1040, 1040-SR, or 1040-NR. Go to www.irs.gov/Form 1040 for instructions and the latest information. o Tax on non-effectively connected income for any part of the year you were a nonresident alien from Form 1040-NR. p Any interest from Form 8621, line 16f, relating to distributions from, and dispositions of, stock of a section 1291 fund. q Any interest from Form 8621, line 24 z Any other taxes. List type and amount: SCHEDULE A (Form 1040) Department of the Treasury Internal Revenue Service Name(s) shown on Form 1040 or 1040-SR Medical and Dental Expenses Taxes You Paid Interest You Paid Caution: Your mortgage interest deduction may be limited. See instructions. Casualty and Theft Losses 14 Other Itemized Deductions Gifts to Charity Caution: If you 12 made a gift and 18 Total additional taxes. Add lines 17a through 17z. 19 Reserved for future use 20 Section 965 net tax liability installment from Form 965-A. 21 Add lines 4, 7 through 16, and 18. These are your total other taxes. Enter here and on Form 1040 or 1040-SR, line 23, or Form 1040-NR, line 23b. Total Itemized Deductions 18 got a benefit for it, see instructions. 13 Carryover from prior year 14 Add lines 11 through 13 Part I d Reserved for future use e Add lines 8a through 8c. 9 Investment interest. Attach Form 4952 if required. See instructions. 10 Add lines 8e and 9. instructions... 16 Other-from list in instructions. List type and amount: Caution: Do not include expenses reimbursed or paid by others. 1 Medical and dental expenses (see instructions) 2 Enter amount from Form 1040 or 1040-SR, line 11 2 3 Multiply line 2 by 7.5% (0.075)...... 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter -0- 5 State and local taxes. a State and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line 5a, but not both. If you elect to include general sales taxes instead of income taxes, check this box.... b State and local real estate taxes (see instructions). c State and local personal property taxes d Add lines 5a through 5c e Enter the smaller of line 5d or $10,000 ($5,000 if married filing separately)... 6 Other taxes. List type and amount: A Principal business or profession, including product or service (see instructions) Business name. If no separate business name, leave blank. F Accounting method: 7 Add lines 5e and 6 8 Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions and check this box U E Business address (including suite or room no.) City, town or post office, state, and ZIP code Cash a Home mortgage interest and points reported to you on Form 1098. See instructions limited b Home mortgage interest not reported to you on Form 1098. See instructions if limited. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address. For Paperwork c Points not reported to you on Form 1098. See instructions for special rules. 11 Gifts by cash or check. If you made any gift of $250 or more, see instructions Other than by cash or check. If you made any gift of $250 or more, see instructions. You must attach Form 8283 if over $500. and section 179 expense (not deduction included in Part III) (see instructions) Employee benefit programs (other than on line 19) (other 15 Insurance 16 Interest (see instructions): Itemized Deductions Go to www.irs.gov/ScheduleA for instructions and the latest information. Attach to Form 1040 or 1040-SR. Caution: If you are claiming a net qualified disaster loss on Form 4684, see the instructions for line 16. 9 10 Commissions and fees. 10 11 Contract Jabor (see instructions) 11 12 Depletion 12 13 Depreciation Cat, No. 71478U 31 Net profit If a profit, enter checked the box the simplified filers use of your method. only: Enter and (b) the part of your home used Method Worksheet in or If you checked a Mortgage (paid to banks, etc.) b Other 17 Legal and professional services 28 Total expenses before expenses for business use of home. Add lines 29 Tentative profit or (loss). Subtract line 28 from line 7. . 30 Expenses for business unless using Simplified method 14 than health) 15 1041, line 5 If you elect to itemize deductions even though they are less than your standard deduction, check this box..... For Paperwork Reduction Act Notice, see the Instructions for Form 1040. must go Schedule C (Form 1040) Part III Cost 15 Casualty and theft loss(es) from a federally declared disaster (other than net qualified disaster losses). Attach Form 4684 and enter the amount from line 18 of that form. See 32a, SE, line 2. (If you checked Form 3. If you checked 32b, you Reduction (loss). Subtract line 30 from If a loss, you 32. 32 If you have a loss, check the box that describes 13 17a Expenses. Enter expenses for business use of your home only on line 30. 8 to 17b 17c 16a 16b 17 enter 17f you make any payments in 2022 that would require you to file Form(s) 1099? See instructions If "Yes," did you or will you file required Form(s) 1099? Income 2 3 Subtract line 2 from line 1 4 Cost of goods sold (from line 42) 5 Gross profit. Subtract line 4 from line 3 6 Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) 7 Gross income. Add lines 5 and 6 Part II 8 Advertising 9 Car and truck expenses (see instructions) 17h 17i 17j 17k 171 for business: the instructions to figure the amount to enter on line 30 line 29. 33 Method(s) used to value closing inventory: 17m SCHEDULE C (Form 1040) Department of the Treasury Internal Revenue Service Attach to Form 1040, 1040-SR, 1040-NR, or 1041; partnerships must generally file Form 1065. Name of proprietor the the box 17n 1 Gross receipts or sales. See instructions for line 1 and check the box if this income was reported to you on Form W-2 and the "Statutory employee" box on that form was checked n 1 Returns and allowances. 2 3 4 loss 170 17p 17g 17 Add the amounts in the far right column for lines 4 through 16. Also, enter this amount on Form 1040 or 1040-SR, line 12 17 must Act Notice, see 17z on both Schedule on line 1, see the line 20 Profit or Loss From Business (Sole Proprietorship) Go to www.irs.gov/ScheduleC for instructions and the latest information. attach a Form 6198. the separate instructions. 2022 of Goods Sold (see instructions) Cost (2) Accrual (3) Other (specify) G Did you "materially participate" in the operation of this business during 2022? If "No," see instructions for limit on losses H If you started or acquired this business during 2022, check here. I Did J b 8 through 27a on both Schedule 1 (Form 1040), line 3, and on Schedule SE, line 2. (If you on line 1, see instructions.) Estates and trusts, enter on Form 1041, line 3. line Your loss may be limited. 3 5a 5b 5c 5d 5e 8a 8b Lower of cost or market 8c 8d 8e 9 11 12 13 b Deductible meals (see instructions). Cat. No. 17145C 18 Office expense (see instructions). 19 Pension and profit-sharing plans. 20 Rent or lease (see instructions): home. Do not report these expenses elsewhere. Attach Form 8829 See instructions. the total square footage of (a) your home: OMB No. 1545-0074 2022 Attachment Sequence No. 02 Your social security number a b Other business property. 21 Repairs and maintenance 22 Supplies 23 Taxes and licenses.. 24 Travel and meals: a Travel. (not included in Part III) your investment in this activity. See instructions. 1 (Form 1040), line 3, and on Schedule 31 instructions.) Estates and trusts, enter on Vehicles, machinery, and equipment 20a 20b 21 22 23 Use the Simplified 24b 25 Utilities. 25 26 Wages (less employment credits) 26 27a Other expenses (from line 48). 27a b Reserved for future use 27b 28 29 Cat. No. 11334P 15 16 (continued on page 2) Schedule 2 (Form 1040) 2022 5 1 2 3 6 7 4 18 19 7 8 9 10 11 12 13 24a 14 30 31 18 19 21 Schedule 2 (Form 1040) 2022 OMB No. 1545-0074 2022 Attachment Sequence No. 07 Your social security number OMB No. 1545-0074 2022 Attachment Sequence No. 09 Social security number (SSN) B Enter code from instructions 10 D Employer ID number (EIN) (see instr.) 14 15 16 Page 2 Schedule A (Form 1040) 2022 Yes No Yes No Yes No 32a All investment is at risk. 32b Some investment is not at risk. Schedule C (Form 1040) 2022 Page 2 SCHEDULE D (Form 1040) Department of the Treasury Internal Revenue Service Name(s) shown on retum Did you dispose of any investment(s) in a qualified opportunity fund during the tax year? If "Yes," attach Form 8949 and see its instructions for additional requirements for reporting your gain or loss. Yes No Part I See instructions for how to figure the amounts to enter on the lines below. This form may be easier to complete if you round off cents to whole dollars. 1a Totals for all short-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 1b. 1b Totals for all transactions reported on Form(s) 8949 with Box checked ....... 2 Totals for all transactions reported on Form(s) 8949 with Box B checked 3 Totals for all transactions reported on Form(s) 8949 with Box C checked See instructions for how to figure the amounts to enter on the lines below. Short-Term Capital Gains and Losses-Generally Assets Held One Year or Less (see instructions) This form may be easier to complete if you round off cents to whole dollars. 10 000 7 500 4 Short-term gain from Form 6252 and short-term gain or (loss) from Forms 4684, 6781, and 8824 5 Net short-term gain or (loss) from partnerships, S corporations, estates, and trusts from Schedule(s) K-1...... 6 Short-term capital loss carryover. Enter the amount, if any, from line 8 of your Capital Loss Carryover Worksheet in the instructions 8a Totals for all long-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 8b 8b Totals for all transactions reported on Form(s) 8949 with Box D checked DATA 9 Totals for all transactions reported on Form(s) 8949 with Box E checked 10 Totals for all transactions Box F checked. 16 .... Schedule D (Form 1040) 2022 Part III Summary 17 Capital Gains and Losses Attach to Form 1040, 1040-SR, or 1040-NR. Go to www.irs.gov/Scheduled for instructions and the latest information. Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b, 9, and 10. 18 7 Net short-term capital gain or (loss). Combine lines 1a through 6 in column (h). If you have any long- term capital gains or losses, go to Part II below. Otherwise, go to Part III on the back 2 500 7 Part II Long-Term Capital Gains and Losses-Generally Assets Held More Than One Year (see instructions) 19 20 21 30 000 19 500 11 Gain from Form 4797, Part I; long-term gain from Forms 2439 and 6252; and long-term gain or (loss) from Forms 4684, 6781, and 8824 12 Net long-term gain or (loss) from partnerships, S corporations, estates, and trusts from Schedule(s) K-1 13 Capital gain distributions. See the instructions Form ratione reported on 14 Long-term capital loss carryover. Enter the amount, if any, from line 13 of your Capital Loss Carryover Worksheet in the instructions 15 Net long-term capital gain or (loss). Combine lines 8a through 14 in column (h). Then, go to Part III on the back Cat, No. 11338H For Paperwork Reduction Act Notice, see your tax return instructions. 1 Combine lines 7 and 15 and enter the result reported on Form(s) 8949 with reported on 1 Are lines 15 and 16 both gains? Yes. Go to line 18. No. Skip lines 18 through 21, and go to line 22. 8949 Department of the Treasury Internal Revenue Service Name(s) shown on return If line 16 is a gain, enter the amount from line 16 on Form 1040, 1040-SR, or 1040-NR, line 7. Then, go to line 17 below. If line 16 is a loss, skip lines 17 through 20 below. Then, go to line 21. Also be sure to complete line 22. If line 16 is zero, skip lines 17 through 21 below and enter -0- on Form 1040, 1040-SR, or 1040-NR, line 7. Then, go to line 22. 22 Do you have qualified dividends on Form 1040, 1040-SR, or 1040-NR, line 3a? If you are required to complete the 28% Rate Gain Worksheet (see instructions), enter the amount, if any, from line 7 of that worksheet. Proceeds (sales price) If you are required to complete the Unrecaptured Section 1250 Gain Worksheet (see instructions), enter the amount, if any, from line 18 of that worksheet Are lines 18 and 19 both zero or blank and you are not filing Form 4952? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 16. Don't complete lines 21 and 22 below. No. Complete the Schedule D Tax Worksheet in the instructions. Don't complete lines 21 and 22 below. If line 16 is a loss, enter here and on Form 1040, 1040-SR, or 1040-NR, line 7, the smaller of: The loss on line 16; or ($3,000), or if married filing separately, ($1,500) Note: When figuring which amount is smaller, treat both amounts as positive numbers. (d) Proceeds (sales price) (a) Description of property (Example: 100 sh. XYZ Co.) (e) Cost (or other basis) Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 16. No. Complete the rest of Form 1040, 1040-SR, or 1040-NR. (Example: 100 (e) Cost (or other basis) Sales and Other Dispositions of Capital Assets Go to www.irs.gov/Form8949 for instructions and the latest information. File with your Schedule D to list your transactions for lines 1b, 2, 3, 8b, 9, and 10 of Schedule D. (a) Description of property sh, XYZ Co.) 2022 Attachment Sequence No. 12 Your social security number (g) Adjustments to gain or loss from Form(s) 8949, Part I, line 2, column (g) Form 8949 (2022) Name(s) shown on return. Name and SSN or taxpayer identification no. not required if shown other side 2 Totals. Add the amounts in negative amounts). Enter each Schedule D, line 8b (if above is checked), or line Note: If you checked adjustment Box (b) Date acquired (Mo., day, yr.) 10 (d) Date sold or Proceeds disposed of (sales price) (Mo., day, yr.) (see instructions) Box D above in column (g) to correct (a) Adjustments to gain or loss from Form(s) 8949, Part II, line 2, column (g) (b) Date acquired (Mo., day, yr.) columns (d), (e), (g), and (h) (subtract here and include on your checked), line 9 (if Box E total D above (if Box F above is checked) . but the (c) Date sold on disposed of (Mo., day, yr.) Before you check Box A, B, or C below, see whether you received any Form(s) 1099-B or substitute statement(s) from your broker. A substitute statement will have the same information as Form 1099-B. Either will show whether your basis (usually your cost) was reported to the IRS by your broker and may even tell you which box to check. Part I Short-Term. Transactions involving capital assets you held 1 year or less are generally short-term (see instructions). For long-term transactions, see page 2. Note: You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D, line 1a; you aren't required to report these transactions on Form 8949 (see instructions). You must check Box A, B, or C below. Check only one box. If more than one box applies for your short-term transactions, complete a separate Form 8949, page 1, for each applicable box. If you have more short-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. (A) Short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (B) Short-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS (C) Short-term transactions not reported to you on Form 1099-B (e) Cost or other basis See the Note below and see Column (e)) in the separate Instructions. 7 500 16 30 000 4 18 19 5 6 21 OMB No. 1545-0074 (e) (d) Cost or other basis Proceeds See the Note below (sales price) (see instructions) and see Column (e) in the separate instructions. 2 Totals. Add the amounts in columns (d), (e), (g), and (h) (subtract negative amounts). Enter each total here and include on your 10 000 Schedule D, line 1b (if Box A above is checked), line 2 (if Box B above is checked), or line 3 (if Box C above is checked). Note: If you checked Box A above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 37768Z Form 8949 (2022) 11 12 13 (h) Gain or (loss) Subtract column (e) from column (d) and combine the result with column (g) 15 4 000 Schedule D (Form 1040) 2022 2 500 Before you check Box D, E, or F below, see whether you received any Form(s) 1099-B or substitute statement(s) from your broker. A substitute statement will have the same information as Form 1099-B. Either will show whether your basis (usually your cost) was reported to the IRS by your broker and may even tell you which box to check. Part II (1) Code(s) from instructions (D) Long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) (E) Long-term transactions reported on Form(s) 1099-B showing basis wasn't reported to the IRS (F) Long-term transactions not reported to you on Form 1099-B (h) Gain or (loss) Subtract column (e) from column (d) and combine the d result with column (g) 146 500 OMB No. 1545-0074 2022 Attachment Sequence No. 12A Social security number or taxpayer identification number Long-Term. Transactions involving capital assets you held more than 1 year are generally long-term (see instructions). For short-term transactions, see page 1. Note: You may aggregate all long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D, line 8a; you aren't required to report these transactions on Form 8949 (see instructions). You must check Box D, E, or F below. Check only one box. If more than one box applies for your long-term transactions, complete a separate Form 8949, page 2, for each applicable box. If you have more long-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need. 10 500 Adjustment, if any, to gain or loss If you enter an amount in column (g), enter a code in column (f). See the separate instructions. (1) (g) Code(s) from Amount of Instructions adjustment Schedule D (Form 1040) 2022 6 500 Page 2 (9) Amount of adjustment (h) Gain or (loss) Subtract column (e) from column (d) and combine the r e result with column (g). Attachment Sequence No. 12A Page 2 Social security number or taxpayer identification number 2 500 Adjustment, if any, to gain or loss If you enter an amount in column (g). enter a code in column (f). See the separate instructions. Subtract column (e) from column (d) and combine the result with column (g). (h) Gain or (loss) 10 500 19 500 the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment. Form 8949 (2022) SCHEDULE E (Form 1040) Department of the Treasury Internal Revenue Service Name(s) shown on retum Part I A Did you make any payments in 2022 that would require you to file Form(s) 1099? See instructions B If "Yes," did you or will you file required Form(s) 1099? 1a Physical address of each property (street, city, state, ZIP code) A B C 1b A B C Type of Property: Income: 1 Single Family Residence 2 Multi-Family Residence Expenses: Expenses: 5 X X 3 Rents received. Royalties received 4 9 12 13 15 * 16 17 18 19 20 21 22 24 25 26 Type of Property (from list below) Income or Loss From Rental Real Estate and Royalties Note: If you are in the business of renting personal property, use Schedule C. See instructions. If you are an individual, report farm rental income or loss from Form 4835 on page 2, line 40. 27 28