preciation

Tulsi Gates, age-59, is single and has no dependents. Wages as Publix store manager Federal income tax withheld Interest income from local bank Qualified dividends Tulsi had the following relevant transactions for 2022: Gain on sale of Clean Tech Biofuels stock (held from 11/10/2019 to 10/31/2022) Federal income tax quarterly deposits (total) Itemized deductions (make them up, if appropriate) RENTAL OPERATIONS Rental income Interest expense Property taxes Maintenance Insurance Depreciation-Building (Line 17, Form 4562) Depreciation-Appliances (Line 17, Form 4562) SALE OF RENTAL RESIDENCE Sales price (November 27, 2022) Land (line 2, Form 4797) Building (line 19A, From 4797) Cost (October 18, 2013) Land Building Single Family $25,900 12,800 1,950 440 1,260 2,695 Accumulated depreciation allowed (including 2022 depreciation) SALE OF APPLIANCES WITH RESIDENCE Sales price (line 19B, From 4797) Cost (October 18, 2015) Accumulated depreciation allowed $39,400 4,290 950 1,155 645 3,500 13,650 $25,200 5,366 560 1.465 1,365 $ 72,000 38,000 $ 38,500 40,000 7,600 $ 1,750 6,500 6,500 Complete a Form 1040 with the appropriate Schedules and Forms for 2022 for Tulsi Gates. Minimum forms required (find at irs.gov): Form 1040, Schedule 1, Schedule 3 Form 1040, Schedule B, Schedule D, Schedule E. Form 4562, Form 4797, Form 8949 (Optional), Form 8995 (optional). Hints: Claim the QBI deduction for the rentals (i.e., the rentals qualify as a trade or business). Any depreciation recapture and any Sec. 1231 loss is included in QBI; any Sec. 1231 gain, is not. Missing Information: Make-up any information not provided (SS#s, addresses, etc.).