Question: Tax return problem for Paul and Donna Decker, in 2022 You will need to file Form 1040, Sch. 1, and Sch. A Adjusted gross income

Tax return problem for Paul and Donna Decker, in 2022

You will need to file Form 1040, Sch. 1, and Sch. A

Adjusted gross income is 133,770

Itemized deductions: 29,791

Taxable income: 103,979

Tax: 13,847 (note: long-term capital gain is subject to 15% tax rate)

tax withheld: 13400

dependent credits: 1500

Refund: 1105

Please fill out the tax form below with the given information above. Thank you!

Tax return problem for Paul and Donna Decker, in 2022 You willneed to file Form 1040, Sch. 1, and Sch. A Adjusted gross

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 income................... c Cancellation of debt. d Foreign earned income exclusion from Form 2555 e Taxable Health Savings Account distribution . . . . . . . . f Alaska Permanent Fund dividends . . . . . . . . . . . . g Jury duty pay................. h Prizes and awards \begin{tabular}{|c|l} \hline 1 & \\ \hline 2a & \\ \hline & \\ \hline 3 & \\ \hline 4 & \\ \hline & \\ \hline \end{tabular} i Activity not engaged in for profit income j Stock options k 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 I Olympic and Paralympic medals and USOC prize money (see instructions) . . . . . . . . . . . . . . . . . . . m Section 951(a) inclusion (see instructions) . n Section 951A(a) inclusion (see instructions) . . . . . . . . o Section 461(l) excess business loss adjustment . . . . . . . . p Taxable distributions from an ABLE account (see instructions) . z Other income. List type and amount 9 Total other income. Add lines 8 a through 8z. 10 Combine lines 1 through 7 and 9. Enter here and on Form 1040, 1040-SR, or \begin{tabular}{|l|l} \hline 5 & \\ \hline 6 & \\ \hline 7 & \\ \hline & \\ \hline \end{tabular} Schedule 1 (Form 1040) 2021 Page 2 Part II Adjustments to Income 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 income................... c Cancellation of debt. d Foreign earned income exclusion from Form 2555 e Taxable Health Savings Account distribution . . . . . . . . f Alaska Permanent Fund dividends . . . . . . . . . . . . g Jury duty pay................. h Prizes and awards \begin{tabular}{|c|l} \hline 1 & \\ \hline 2a & \\ \hline & \\ \hline 3 & \\ \hline 4 & \\ \hline & \\ \hline \end{tabular} i Activity not engaged in for profit income j Stock options k 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 I Olympic and Paralympic medals and USOC prize money (see instructions) . . . . . . . . . . . . . . . . . . . m Section 951(a) inclusion (see instructions) . n Section 951A(a) inclusion (see instructions) . . . . . . . . o Section 461(l) excess business loss adjustment . . . . . . . . p Taxable distributions from an ABLE account (see instructions) . z Other income. List type and amount 9 Total other income. Add lines 8 a through 8z. 10 Combine lines 1 through 7 and 9. Enter here and on Form 1040, 1040-SR, or \begin{tabular}{|l|l} \hline 5 & \\ \hline 6 & \\ \hline 7 & \\ \hline & \\ \hline \end{tabular} Schedule 1 (Form 1040) 2021 Page 2 Part II Adjustments to Income

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