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Based on the information provided on the following page, complete the Lassos Form 1040 for 2022, including any required forms and attachments. Ted and Michelle

Based on the information provided on the following page, complete the Lassos Form 1040 for 2022, including any required forms and attachments.image text in transcribed

Ted and Michelle Lasso are married and file a joint return. Their Social Security numbers are 000-00-1111 and 000-00-2222, respectively. Ted and Michelle have two sons, Henry, age 5, and Jamie, age 12. Henry's Social Security number is 000-00-3333 and Jamie's is 000-00-4444. They live at 3201 Maplewood Ave, Richmond, VA 23221. During 2022, they report the following items: The address of the condo is 1845 E 21st St, Wichita, Kansas 67260 . It was purchased in 2008 for $200,000. During the year the following events also occur: a. They received a state tax refund of $900. Their prior year itemized deductions were $42,792. b. On June 20, 2022, Michelle sells 400 shares of Beard Corporation stock for $20,000. She purchased the stock on December 12,2009 for $23,000. c. On September 19, 2022, Ted discovers that the 4,000 shares of penny stock of Rojas, Inc. he purchased on January 2 of the prior year are completely worthless. He paid $6,300 for the stock. d. Instead of accepting the $60 the utility store offers for their old dishwasher, they donate it to Goodwill on November 21, 2022. They purchased the dishwasher for $750 on March 30, 2014. The new dishwasher costs $900. e. They purchased the residence at 3201 Maplewood Ave on April 15, 2022 for $350,000. As part of the closing costs, they pay two points on the mortgage, which is interest rather than loan processing fees. This payment enables them to obtain a more favorable interest rate for the term of the loan. They also paid $11,400 in mortgage interest and $4,100 in property taxes on their personal residence. f. On July 20, 2022, they donate 1,000 shares of Welton, Inc. stock to the local community college. The value of the stock on that date is $10,700. Welton, Inc. is a listed stock. They had purchased the stock on November 10, 2008 for $1,000. g. They incur $5,000 of hospital expenses when Jamie is injured playing soccer. They also spend $250 on prescriptions and $800 on follow-up doctor visits. h. They paid $12,000 for child care during the year, $6,000 for each chlild, to Kent's Kid Kare, 2020 Premier St, Richmond, VA 23221, ID\# 99-888888

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