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For this portfolio project, you will complete your Federal Income Tax Return for a fiscal year, 2022 (12-months period). In this scenario, you are not
For this portfolio project, you will complete your Federal Income Tax Return for a fiscal year, 2022 (12-months period). In this scenario, you are not married and do not have kids. Being employed as a managing director of your limited liability company, you provided 100% on your own and earned $48,000 last year. You have decided not to distribute profits of your company. You sold a car that you had bought 3 years ago and got $500 as a long-term capital loss (Schedule D is not required). Additionally, you received $300 in interest on state bonds and $200 in interest on money market accounts. During the year, you had the following expenses
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