Prepare the following forms using the information below: $1.$ Form $1040,$ U$.$S$.$ Individual Income Tax $2.$ Form A$,$ Itemized Deduction $3.$ Schedule C$,$ Profit and Loss$$Taxpayer: Your Name$$Address: $1356$ Tree House Road, Columbus $,$ Ohio $11223$Filing Status: Single$$Tax Information$$Wages $($W$-2$ Form$)$: $$135,000\mathrm{.}00$IRA Distribution: $$10,000\mathrm{.}00$; $($Taxable Amount $$5,000\mathrm{.}00)$Interest Income: $$10,000\mathrm{.}00($Taxable Amount $$6,000\mathrm{.}00)$Other Income or Losses: $($Based on rental property$)$Using Standard or Itemized Deduction $($The one that gives you the greatest advantage$)$Taxes Withheld $($W$-2$ Form $$22,000\mathrm{.}00)$Taxes Withheld $(1099$ IRA Distribution $$3,000\mathrm{.}00)$Itemized Deductions$$ Medical and Dental $$ Premium$$ $$4,000\mathrm{.}00$Expenses$$ $$1,000\mathrm{.}00$Taxes$$ State and Local Taxes $$ $$5,000\mathrm{.}00$ General Sales Taxes$$ $$6,500\mathrm{.}00$ Real Estate Taxes$$ $$7,500\mathrm{.}00$ Personal Property Taxes $$ $$2,500\mathrm{.}00$Interest You Paid$$ Home mortgage interest$$ $$17,000\mathrm{.}00$Gifts to Charity$$ Church$$ $$11,000\mathrm{.}00$ Other Organizations$$ $$6,000\mathrm{.}00$Casualty and Theft Losses $$$$\mathrm{.}00$Other Itemized Deductions$.$Trips to the doctor$$ $$325\mathrm{.}00$Rental Information$$In January $2023$ Your Name leased her rental property to Frank and Mary for $$1,800\mathrm{.}00$ a month. You use the cash method of accounting and have produced the following financial information for the year $2023.$ You collected $$21,600\mathrm{.}00$ for rent. $$ You collected $$1,800\mathrm{.}00$ for a security deposit.$$ You collected an additional $$1,500\mathrm{.}00$ for any damage to the property that after inspection in July $2023$ will be returned to Frank and Mary if no damage had been done to the house. $$Your expenses for the year included:$$ Shampooing the carpet for rent $$1,000\mathrm{.}00.$ Rental advertising $$$1,000\mathrm{.}00$ Mortgage insurance $$1,300\mathrm{.}00$ for the entire year$$ Mortgage $$14,000\mathrm{.}00$ for the entire year$$ Property Taxes $$5,200\mathrm{.}00$ for the entire year in December $2022$ Liability insurance April December $2023,$ $$900\mathrm{.}00$ Property Taxes $$6,200\mathrm{.}00$ paid for $2023$ in January $2024$ Repairs and maintenance of $$4,500\mathrm{.}00$ from September December $2023$ Added a new room to the house $$17,000\mathrm{.}00$ in August $2023$ Legal and professional services in the leasing of the property of $$1,200\mathrm{.}00$ Interest of $$14,000\mathrm{.}00$ on the house for $2023.$ Replaced the front screen door for $$850\mathrm{.}00.$ Reimbursed Frank and Susan $$6,000\mathrm{.}00$ for replacing the furnace that went out in November $2023.$ Paid $$3,000\mathrm{.}00$ back state income taxes in October $2023$ Annual homeowners association fees of $$850\mathrm{.}00$ paid in June $2023$ Property inspection in July $2023$ of $$550\mathrm{.}00.$ Utilities $($Lights$,$ gas, and trash$)$ for the year $1,500\mathrm{.}00$