Tax return $1-2$: Assuming Jay and JoAnn have this same business that they run as a partnership, prepare their joint Federal income tax return for $2023.$ Attached is the copy of the partnership K$-1$ for each of them. Assume that they have no dependents, do not have any other income or itemized deductions, and they made quarterly Federal income tax payments totaling $$7,000.$ Don$$t forget to include a standard deduction. You should complete Schedule E $($page $2),$ Schedule SEs, Schedules $1$ & $2,$ Form $4562,$ Form $8995$ and Form $1040.$ Submit return and all required forms in E$-$Campus. If you go to YouTube there are many videos on preparing returns. Also, the IRS has their own videos. Best practice is to start are the back of the return When the taxpayers receive K$-1\text{'}$s$,$ start with Schedule E and work forward to Schedule SE and Form $8995,$ then complete the actual Form $1040.$