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Ashley Panda lives at 1 3 1 0 Meadow Lane, Wayne, OH 4 3 4 6 6 , and her Social Security number is 1

Ashley Panda lives at 1310 Meadow Lane, Wayne, OH 43466, and her Social Security number is 123-45-6777. Ashley is single and has a 20-year-old son, Bill. His Social Security number is 111-11-1112. Karl lives with Ashley, and she fully supports him. Bill spent 2023 traveling in Europe and was not a college student. He had gross income of $4,855 in 2023.
Bill paid $4,000 of lodging expenses that Ashley reimbursed after they were fully documented. Ashley paid the $4,000 to Bill using a check from her sole proprietorship. That amount is not included in the items listed below. Ashley had substantial health problems during 2023, and many of her expenses were not reimbursed by her health insurance.
Ashley owns Panda Enterprises LLC (98-7654321), a data processing service that she reports as a sole proprietorship. Her business is located at 456 Hill Street, Wayne, OH 43466. The business activity code is 514210. Her 2022 Form 1040, Schedule C for Panda Enterprises shows revenues of $315,000, office expenses of $66,759, employee salary of $63,000, employee payroll taxes of $4,820, business meal expenses of $22,000(before the 50% reduction), and rent expense of $34,000. The rent expense includes payments related to renting an office ($30,000) and payments related to renting various equipment ($4,000). There is no depreciation because all depreciable equipment owned has been fully depreciated in previous years. No fringe benefits are provided to the employee. Ashley personally purchases health insurance on herself and Bill. The premiums are $23,000 per year.
Ashley has an extensive stock portfolio and has prepared the following analysis:
Stock Number of Shares Date Purchased Date Sold Per-Share Cost Per-Share Selling Price Total Dividends
Beige 1010/18/202210/11/2023 $80 $74 $30
Garland 3010/11/201610/11/20234315770
Peach 153/10/20238/11/2023623345
Note: Ashley received a Form 1099B from her stockbroker that included the adjusted basis and sales proceeds for each of her stock transactions. The per-share cost includes commissions, and the per-share selling price is net of commissions. Also, the dividends are the actual dividends received in 2023, and these are both ordinary dividends and qualified dividends.
Ashley had $800 of interest income from State of Ohio bonds and $600 of interest income on her Wayne Savings Bank account. She paid $25,000 of alimony to her former husband (divorce finalized in June 2017). His Social Security number is 123-45-6788.
Ashley itemizes her deductions and provides the following information, which may be relevant to her return:
Item Amount Comment
Unreimbursed medical expenses for Ashley $9,748 Does not include health insurance premiums.
State income taxes paid 1,830
Real property taxes on personal residence 3,230
Interest paid on home mortgage (Form 1098)8,137 The loan is secured by the residence and was incurred when the home was purchased.
Charitable contributions 1,399 $940 cash payments to Ashley's church and $459 cash payments made to homeless persons for whom she felt sorry. She can document all the expenditures.
Sales taxes 619 Amount per sales tax table.
Ashley paid $26,000 in estimated Federal income taxes, did not engage in any digital asset transactions during the year, does not want any of her taxes to finance presidential elections, has no foreign bank accounts or trusts, and wants any refund to be applied against her 2024 taxes.
Compute Ashley's net tax payable or refund due for 2023. If you use tax forms for your computations, you will need Form 1040 and its Schedules 1,2,3, A, C, D, and SE, and the Qualified Dividends and Capital Gain Tax Works PLEASE FILL OUT FORM 1040, SHCEDULE 1,2,3,A,C,D,AND SE!!!! SEND ME THE FULL FORM FILLED OUT PLEASE.
Make realistic assumptions about any missing data.
If an amount box does not require an entry or the answer is zero, enter "0".
Enter all amounts as positive numbers, unless otherwise instructed.
It may be necessary to complete the tax schedules before completing Form 1040.
When computing the tax liability, do not round your immediate calculations. If required, round your final answers to the nearest dollar.
Use the Tax Rate Schedule provided. Do not use the Tax Tables.

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