Calculate Taxable Income for Samantha and Stuart Smith based on the following Information:

The Smiths are married and file a joint return

Salary $200.000

State of Tennessee Bond Interest $10,000

Found gold coin worth $5,000 at the beach

Inherited $20,000

Relative repaid loan of $10,000

Capital Loss $2,000

Sole proprietorship income $40,000

Contribution to HSA $5,000

Mortgage Interest $60,000 Mortgage was signed in May 2018. Mortgage indebtedness $1,200,000

Alimony paid $30,00 divorce decree signed in 2013

Legal settlement Samantha broke her foot in a car accident $50,000

Life insurance proceeds paid upon Stuart's great grandfathers death.$10,000

Gift received $20,000

Lottery winnings $10,000

Real estate taxes paid $20,000

Charitable contribution $10,000 to American Kidney Association.

Dividends received $5,000

Partnership loss $10,000

Rental income $5,000

State income taxes paid $20,000

Medical expenses $40,000

Student loan interest $2,000

Penalty for early withdrawal from a timed savings account $1,000 Won $10,000 in a golf tournament.

Unemployment compensation $10,000

S Corp. income $5,000

Treasury Bond Interest $10,000

Contribution to qualified retirement plan $2,000