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During 2 0 2 3 , Paul Crawford, a 4 0 - year - old single taxpayer, who is a professor at BMCC , reports

During 2023, Paul Crawford, a 40-year-old single taxpayer, who is a professor at BMCC, reports the following items to his tax preparer:
Salary 120,500
Federal Tax Withholding 45,000
Ordinary Dividends from Alta Corporation 1,200
Interest income from a savings account at Chase Bank 150
Business income from self-employment, 24,000
Expenses incurred with the Business income, 25,000
Net Long-Term capital losses 5,000
Alimony payments to former wife (divorced July 21,2018)18,000
Student loan interest of 1,200
Contributions to his Traditional IRA, 5,800
Educator expenses of 300
Gambling winnings 4,500
Gambling losses 1,500
Child support payments of 24,000
Interest earned on Series EE Bonds 1,000
Loaned his sister 3,000 and received 3,500.
Qualified Medical Expenses, 15,000
Mortgage Interest, 8,500
State Income Taxes, 14,000
Property Taxes, 6,500
Charitable Contributions, 5,000
Instructions: Prepare Pauls 20231040.
Note: Submit only the 1040 pdf.

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