2B. Complete the Livelys' federal tax return for 2022. Use Form

1040, Schedule 1, Schedule 2, Schedule B, Schedule C (two of them),

Schedule D, Form 8949, Schedule E, Schedule SE, Form 8995, Form 8582 (page 1 only) to complete this tax return. Also, to compute the Livelys' net operating loss carryforward, prepare only Schedule A of Form 1045.

Ryan and Blake own a rental property located at 52 Charlotte Ave, Nashua, NH 03064. The condo was rented all year but is in need of an update. The condo's finances are as follows: Ryan and Blake made a \$400 estimated payment on September 15, 2022. Required: Complete the Livelys' federal tax return for 2022. Use Form 1040, Schedule 1, Schedule 2, Schedule B, Schedule C (two of them), Schedule D, Form 8949, Schedule E, Schedule SE, Form 8995, Form 8582 During 2022, Ryan invested in Vaporcoin, a virtual currency. He purchased 40 units of Vaporcoin for $3,000 on February 2, 2022. On May 15, 2022, he exchanged the Vaporcoin into dollars when the value was $3,500. He did not receive a 1099-B from the Vaporcoin account. Ryan also operates a small business teaching fitness classes in a park near their house. The business code is 812190 . Ryan has a loyal clientele, and the books and records show the following: The exercise clothes that Blake purchased are not dissimilar to any other type of workout clothing. Neither business has employees, an EIN or inventory. Both businesses are accounted for using the cash basis of accounting. The U.S. Treasury interest is associated with bonds that also have market discount. The accrued market discount in 2022 was $45.02. The Livelys elect to recognize market discount in the year earned. Blake started a new life coach business in 2022 as a sole proprietor. The business office is located at 4 Townsend W, Suite 8, Nashua, NH 03063. The business code is 812990 . The financial results are: A 1099 form received by the Livelys. It reads as follows, 2022 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. 15450110. Pooled Investments, 40, Wall Street, Twenty-fourth Floor, New York, NY 10005. Account Number: 2345660009. Tax ID: ***_**-4448. Payer's Federal Tax ID: 32-9863145. Financial advisor/phone: Monty Cook 888-555-1212. Ryan and Blake Lively, 22, Thornton Road, Nashua, NH 03063. Form 1099-B. Box 6: Gross proceeds. Box 1 security description (CUSIP), Green Lantern Inc. Box 5: Not checked. Quantity sold: 1,000. Box 1b Date acquired: 04/21/2017. Proceeds from Broker and Barter Exchange transactions: Box 3: Basis reported to IRS. Box 1c Date sold or disposed: 03/22/2022. Box 1d Proceeds: 35,000. Box 2: Type of gain or loss: Long-term. Box 1e Cost or other basis: 3,000. Box 1g Wash sale loss disallowed: Blank. Gain/(Loss) amount: Gain - 32,000. Form 1099-INT. Interest income. reported to IRS. Box 1c Date sold or disposed: 03/22/2022. Box 1d Proceeds: 35,000. Box 2: Type of gain or loss: Long-term. Box 1e Cost or other basis: 3,000. Box 1g Wash sale loss disallowed: Blank. Gain/(Loss) amount: Gain - 32,000. Form 1099-INT. Interest income. 58Box 1 interest income: 57.89. Box 3 Interest on U.S. savings bonds and treasury obligations: 600.00 . To be filled-in boxes are as follows. Box 4 Federal income tax withheld: Box 2 early withdrawal penalty, 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 property 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. Form 1099DIV. Dividend income. Box 1a Total ordinary dividends: 2,500.00. Box 1b Qualified dividends: 2,500.00. The to-be-filled-in boxes are as follows. Box 2a Total capital gain distribution, Box 2b unrecap section 1250 gain, Box 2c section 1202 gain, Box 2d collectibles (28 percent) gain, Box 2e Section 897 ordinary dividends, Box 2f Section 897 capital gain, Box 3 non-dividend distributions, Box 4 Federal income tax withheld, Box 5 Section 199A dividends, Box 6 Investment expenses, Box 7 Foreign taxes paid, Box 8 Foreign country or possession, and Box 9 Cash liquidation distributions. Ryan and Blake made a \$400 estimated payment on September 15, 2022. Required: Complete the Livelys' federal tax return for 2022. Use Form 1040, Schedule 1, Schedule 2, Schedule B, Schedule C (two of them), Schedule D, Form 8949, Schedule E, Schedule SE, Form 8995, Form 8582 (page 1 only) to complete this tax return. Also, to compute the Livelys' net operating loss carryforward, prepare only Schedule A of Form 1045. Ryan and Blake Lively are married filing jointly taxpayers. Ryan's birthdate is August 10, 1982 and Social Security number is 434-14-4448. Blake's birthdate is March 19, 1983 and their Social Security number is 763-16-1562. They live at 22 Thornton Road, Nashua, NH 03063. Both are self-employed. The Livelys received the following statement from their brokerage account: 2022 Combined Forms 1099