Wendy O$$Neil $($SSN $412-34-5670),$ who is single, worked full time as the director at a local charity. She resides at $1501$ Front Street, Highland, AZ $85711.$ For the year, she had the following reported on her W$-2$:

Wages$ $46,200$Federal withholding$7,930$Social Security wages$46,200$Social Security withholding$2,864$Medicare withholding$670$State withholding$2,310$

Other information follows:

$1099-$INT New Bank$ $3001099-$DIV Freeze, Incorporated Ordinary dividends$400$Qualified dividends$400$

Wendy had the following itemized deductions:

State income tax withholding$ $2,310$State income tax paid with the $2022$ return$100$Real estate tax$2,600$Mortgage interest$8,060$

Wendy inherited a beach house in North Carolina $($rental only$)$ on January $2,2023,$ from her father. The FMV at the father$$s death was $$850,000.$ He had purchased the house $20$ years earlier for $$100,000.$

Summer rental income$ $45,000$Repairs$2,500$Real estate taxes$6,500$Utilities$2,400$Depreciation$($Calculate$)$

On December $29,2023,$ Wendy properly conducted a like$-$kind exchange for rental real estate located at $128$ Lake Boulevard, Hot Town, AZ$.$ She received rental property with an FMV of $$950,000$ and $$20,000$ cash in exchange for the North Carolina beach house. The Arizona property did not produce any income until $2024.$

Prepare Form $1040$ for Wendy for $2023.$ You will also need Schedule $1,$ Schedule A$,$ Schedule E$,$ Form $4562,$Form $4797,$ Form $8824,$ and Form $8995$