Theodore E$.$ Lariat is a single taxpayer born on September $22,1975.$ He was appointed the new coach of the Nashville Country Stars soccer team in January $2023.$ His address, Social Security number and wages are reported on his Form W$-2$: Fom W$-2$ Wage and tax Statement $$

Department of the Treasury$-$Intemal Revenue Service

Copy B$-$To Be Filed With Employee's FEDERAL Tax Returns

This information is being furnished to the Internal Revenue Service. Theodore was previously the coach at a different soccer club in a different state. He sold his

previous home before moving to Nashville $($see $1099-$S below$).$ His only selling expense was

sales commissions of $$27,790.$ His basis in the home was $$400,000.$ Theodore purchased his

previous home on January $5,2022,$ and sold it on January $6,2023.$ Obviously, he would not have

sold the home if it were not for the new job. He is currently renting the home he lives in$.$ Theodore was welcomed back to the Nashville area as he was formerly a star player on the

Country Stars team. During his playing time he had purchased a modest home in Nashville but

did not sell it$,$ instead choosing to rent the home over the years. His rental home is located at

$2300$ Bransford Ave., Nashville, TN $37204$ and was rented all year to his tenant. The tenant

occupied the home on January $1,2023,$ and pays rent of $$1,500$ per month for each month of

$2023($the lease is a two$-$year lease$)$; however, Theodore required first and last months' rent

and a security deposit of $$500$ and all were paid on January $1,2023.$ Theodore's rental

expenses for the year are:

Now that Theodore is back in Nashville, he actively manages the rental home. He probably

spends about ten hours per month on the rental. Theodore received the following $1099-$B from his broker:

$2023$ Combined Forms $1099$

This is important tax information and is being furnished to the IRS $($except as indicated$).$ If you are required to file a return, a negligence penalty or

other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported.

Copy B For Recipient

OMB No$.1545-0110$

Richman Investments

$40$ Wall Street, ${24}^{th}$ Floor

New York, NY $10005\backslash$table$[[\backslash$table$[[$Box $6$: Gross Proceeds $,$ Box $5$: Not checked$],[$Box $1$ Security $,$ Quantity sold$]],$Box $3$: Basis reported to IRS,Box $2$: Type of Gain or Loss: Short Term$],[\backslash$table$[[$Box $1$ Security$],[$description $($CUSIP$)]],$Quantity sold,$\backslash$table$[[$Box $1$b Date$],[$acquired$]],\backslash$table$[[$Box $1$c Date sold$],[$or disposed$]],\backslash$table$[[$Box $1$d$],[$Proceeds$]],\backslash$table$[[$Box $1$e Cost or$],[$other basis$]],\backslash$table$[[$Box $1$ g Wash$],[$sale loss$],[$disallowed$]],\backslash$table$[[$Gain$/($Loss$)],[$amount$]]],[$Tart Corp,$100,04/27/2023,12/15/2023,3,400,3,000,-,400],[$Sam$-$O Inc,$50,10/01/202204/28/2023,5,600,5,800,,(200)],[$Box $6$: Gross Proceeds Box $5$: Not checked,Box $3$: Basis reported to IRS,Box $2$: Type of Gain or Loss: Long Term$],[\backslash$table$[[$Box $1$ Security$],[$description $($CUSIP$)]],$Quantity sold,$\backslash$table$[[$Box $1$b Date$],[$acquired$]],\backslash$table$[[$Box ic Date sold$],[$or disposed$]],\backslash$table$[[$Box $1$d$],[$Proceeds$]],\backslash$table$[[$Box $1$e Cost or$],[$other basis$]],\backslash$table$[[$Box $1$ g Wash$],[$sale loss$],[$disallowed$]],\backslash$table$[[$Gain$/($Loss$)],[$amount$]]],[$Beard Corp,$130,01/17/2012,08/21/2023,11,500,11,000,-,500],[$Form $1099-$INT Interest Income$],[$Box $1$ Interest income,Box $2$ Early withdrawal penalty Box $3$ Interest on U$.$S$.$ Savings Bonds and Treasury obligations$],[142\mathrm{.}78],[$Box $4$ Federal income tax withheld,Box $5$ Investment expenses,Box $6$ Foreign Tax Paid$],[$Box $7$ Foreign country or U$.$S$.$ possession $,$ Box $8$ Tax$-$exempt interest,Box $9$ Specified private activity bond interest$],[$Box $10$ Market Discount,Box $11$ Bond Premium,$],[$Box $12$ Bond premium on Treasury obligations,Box $13$ Bond premium on tax$-$exempt bond$]]$ Required: Complete Theodore$$s federal tax return for $2023.$ Determine if Form $8949$ and Schedule D are required. If so$,$ use those forms and Form $1040,$ Schedule E $($page $1$ only$),$ and Form $8582($page $1$ only$)$ to complete this tax return. Do not complete Form $4562$ for reporting depreciation.