Spencer Duck $($SSN $000-22-1111)$ is single and his eight$-$year$-$old son, Mitch, lives with

him nine months of the year in a rented condominium at $321$ Hickory Drive in Ames,

Iowa. Mitch lives with his mother, Spencer$$s ex$-$wife, during the summer months. His

mother provides more than half of Mitch$$s support and Spencer has agreed to allow her to

claim Mitch as her dependent. Spencer has a salary of $$39,000$ and itemized deductions of

$$4,000($none of the itemized deductions were charitable contributions$).$ Taxes withheld

during the year amount to $$3,221.$ Spencer received a K$-1$ from a partnership indicating

that his share of the partnership STCL is $$200.$ On July $14$ of the current year, he sold the

following assets:

$$ Land was sold for $$35,000.$ The land was received as a property settlement on January

$10,2010,$ when the land$$s FMV amounted to $$30,000.$ His ex$-$wife$$s basis for the land,

purchased on January $10,2002,$ was $$18,600.$

$$ A personal$-$use computer acquired on March $2$ last year for $$4,000$ was sold for

$$2,480.$

$$ A membership card for a prestigious country club was sold for $$8,500.$ The card was

acquired on October $10,2004,$ for $$6,000.$

$$ Marketable securities held as an investment were sold for $$20,000.$ The securities were

inherited from his uncle, who died on March $10$ of the current year when FMV of

the securities was $$21,000.$ The uncle purchased the securities on May $10,1990,$ for

$$10,700.$

In addition to the above sales, Spencer received a $$100$ refund of state income taxes paid

last year. Spencer used the standard deduction last year to compute his tax liability. He

had no transactions involving virtual currency. All of the appropriate $1099$ forms were

received, but the brokerage company did not provide the basis information. Prepare Form

$1040,$ Schedule D$,$ and form $8949$ for $2023.$