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1. The following additional information is available for the Albert and Allison Gaytor family. The Gaytors own a rental beach house in Hawaii. The beach

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1. The following additional information is available for the Albert and Allison Gaytor family. The Gaytors own a rental beach house in Hawaii. The beach house was rented for the full year during 2022 and was not used by the Gaytors during the year. The Gaytors were active participants in the management of the rental house but the activity is not eligible for a QBI deduction. Pertinent information about the rental house is as follows: The house is fully depreciated so there is no depreciation expense. Albert and Allison received the following combined statements 1099-DIV and 1099-B from their investment manager: Albert and Allison received the following combined statements 1099 -DIV and 1099 -B from their investment manager: On January 12, 2022, Albert and Allison sold their personal residence for $716,500 and purchased a new house for $725,000. The house they sold was their personal residence before and after the divorce (they have lived in it together for three years since remarrying). The sold house cost $120,200 back in January of 2009 and the Gaytors added on a new bedroom and bathroom a few years ago for a cost of $20,100. They also built a pool for a cost of $61,400. They moved into their new house on January 19, 2022. Required: Combine this new information about the Gaytor family with the information from Chapters 1,2, and 3 and complete a revised 2022 tax return for Albert and Allison. Be sure to save your data input files since this case will be expanded with more tax information in later chapters

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