Form 1040 Other income (as reported on 1099 Forms) for 2022 consisted of the following: The $382 from First Bank was an original issue discount. Dan and Freida collected $16,000 on the First Bank CD that matured on September 30, 2022. The CD was purchased on October 1,2019 , for $14,995, and the yield to maturity was 3.3%. Dan participated on a game show and won a cash prize of $7,000. In addition to the above information, Dan and Freida's itemized deductions included the following: Sales tax from the sales tax table is $1,860. Dan and Freida made Federal estimated tax payments of $6,000. They have never owned or used any digital assets, and they do not wish to contribute to the Presidential Election Campaign. The Kentucky income tax rate is 4%. Required: Compute Dan and Freida's 2022 Federal income tax payable (or refund due). Use Form 1040 and Schedules 1, B, 8812 and the Qualified Dividends and Capital Gain Tax Worksheet to complete this tax return. If there is a tax overpayment, the Butlers would like a refund. If additional tax is due, assume no underpayment penalty applies. It may be necessary to complete the tax schedules before completing Form 1040. - Enter all amounts as positive numbers. - If an amount box does not require an entry or the answer is zero, enter "0". - When computing the tax liability, do not round your immediate calculations. - If required, round your answers to the nearest dollar. - Make realistic assumptions about any missing data. - Use the Tax Rate Schedule provided. Do not use the Tax Tables. Next. On line 16b, is the amount $4,500 or more? No. If you are a bona fide resident of Puerto Rico, go to line 21. Otherwise, skip Part II-B and enter the smaller of line 17 or line 20 on line 27. Yes. If line 20 is equal to or more than line 17, skip Part II-B and enter the amount from line 17 on line 27. Otherwise, go to line 21 . Note: This problem is for the 2022 tax year. Daniel B. Butler and his spouse Freida C. Butler file a joint return. The Butlers live at 625 Oak Street in Corbin, KY 40701. Dan's Social Security number is 111-11-1112, and Freida's is 123-45-6780. Dan was born on January 15, 1971, and Freida was born on August 20, 1971. During 2022, Dan and Freida furnished over half of the total support of each of the following individuals, all of whom still live at home: a. Gina, their daughter, age 22, a full-time student, who married on December 21, has no income of her own and did not file a joint return with her husband, Casey, who earned $10,600 during 2022. Gina's Social Security number is 123-45-6788. b. Willie, their son, age 19, graduated high school in May 2022. He is taking a leap year and will not begin college until 2023. He had gross income of $6,300 in 2022. Willie's Social Security number is 123-45-6787. c. Ben, their oldest son, age 26 , is a full-time graduate student with gross income of $5,200. Ben's Social Security number is 12345 6786. Dan was employed as a manager by WJJ, Inc. (employer identification number 11-1111111, 604 Franklin Street, Corbin, KY 40702), and Freida was employed as a salesperson for Corbin Realty, Inc. (employer identification number 98-7654321, 899 Central Street, Corbin, KY 40701). Selected information from the W-2 forms provided by the employers is presented below. Dan and Freida use the cash method. Freida sold a house on December 30, 2022, and will be paid a commission of $3,100 (not included in the $86,000 reported on the W-2) on the January 10, 2023, closing date. Other income (as reported on 1099 Forms) for 2022 consisted of the following: Schedule 8812 $1,000. For example, if the result is $425, enter $1,000; if the result is $1,025, enter $2,000, etc. 11 Multiply line 10 by 5%(0.05) 12 Is the amount on line 8 more than the amount on line 11 ? No. STOP. You cannot take the child tax credit, credit for other dependents, or additional child tax credit. Skip Parts II-A and II-B. Enter -0- on lines 14 and 27. Yes. Subtract line 11 from line 8 . Enter the result. 13 Enter the amount from the Credit Limit Worksheet A 14 Enter the smaller of line 12 or 13 . This is your child tax credit and credit for other dependents Enter this amount on Form 1040, 1040-SR, or 1040-NR, line 19. If the amount on line 12 is more than the amount on line 14, you may be able to take the additional child tax credit on Form 1040, 1040- SR, or 1040-NR, line 28. Complete your Form 1040, 1040-SR, or 1040-NR through line 27 (also complete Schedule 3, line 11) before completing Part II-A. BAA For Paperwork Reduction Act Notice, see your tax return instructions. Schedule 8812 (Form 1040) 2022 Schedule 8812 (Form 1040) (2022) Daniel and Freida C Butler 111-11-1112 Page 2 Part II-A Additional Child Tax Credit for All Filers Caution: If you file Form 2555, you cannot claim the additional child tax credit. 15 Check this box if you do not want to claim the additional child tax credit. Skip Parts II-A and II-B. Enter -0- on line 27 . . . . . . . . . 16 Subtract line 14 from line 12. If zero, stop here; you cannot take the additional child tax credit. Skip Parts IIA and II-B. Enter -0- on line 27 b Number of qualifying children under 17 with the required social security number: $1,500. Enter the result. If zero, stop here; you cannot claim the additional child tax credit. Skip Parts II-A and II-B. Schedule 1 21 Student loan interest deduction 22 Reserved for future use 23 Archer MSA deduction 24 Other adjustments: a Jury duty pay (see instructions) b Deductible expenses related to income reported on line 81 from the rental of personal property engaged in for profit c Nontaxable amount of the value of Olympic and Paralympic medals and USOC prize money reported on line 8m d Reforestation amortization and expenses e Repayment of supplemental unemployment benefits under the Trade Act of 1974 . f Contributions to section 501(c)(18)(D) pension plans g Contributions by certain chaplains to section 403 (b) plans h Attorney fees and court costs for actions involving certain unlawful discrimination claims (see instructions) i Attorney fees and court costs you paid in connection with an award from the IRS for information you provided that helped the IRS detect tax law violations j Housing deduction from Form 2555 k Excess deductions of section 67(e) expenses from Schedule K-1 (Form 1041) z Other adjustments. List type and amount: 25 Total other adjustments. Add lines 24a through 24z. 26 Add lines 11 through 23 and 25. These are your adjustments to income. Enter here and on Form 1040 or 1040-SR, line 10, or Form 1040-NR, line 10a . . Schedule 1 (Form 1040) 2022 Qualified Dividends and Capital Gain Tax Worksheet Before you begin: 1. Enter the amount from Form 1040 or 1040SR, line 15 . However, if you are filing Form 2555 (relating to foreign earned income), enter the amount from line 3 of the Foreign Earned Income Tax Worksheet (Taxable income) 2. Enter the amount from Form 1040 or 1040SR, line 3a. . 2. 3. Are you filing Schedule D?* Yes Enter the smaller of line 15 or 16 of Schedule D. If either line 15 or line 16 is blank or a loss, enter -0- No Enter the amount from Form 1040 or 1040SR, line 7. See the earlier instructions for line 16 to see if you can use this worksheet to figure your tax. Before completing this worksheet, complete Form 1040 through line 15. If you do not have to file Schedule D and you received capital gain distributions, be sure you checked the box on Form 1040 or 1040SR, line 7. Form 1040 21 Add lines 19 and 20 22 Subtract line 21 from line 18 . If zero or less, enter -0 - 23 Other taxes, including self-employment tax, from Schedule 2, line 21 24 Add lines 22 and 23. This is your total tax 21 Payments 25 Federal income tax withheld from: a Form(s)W2 b Form(s) 1099 c Other forms (see instructions) 22 d Add lines 25a through 25c If you have a 262022 estimated tax payments and amount applied from 2021 return qualifying child, 27 Earned income credit (EIC) attach Sch. EIC. 28 Additional child tax credit from Schedule 8812. . . 29 American opportunity credit from Form 8863, line 8 30 Reserved for future use 31 Amount from Schedule 3, line 15 23 24 32 Add lines 27, 28, 29, and 31. These are your total other payments and refundable credits. 33 Add lines 25d, 26, and 32. These are your total payments \begin{tabular}{|l|l|} \hline 27 & \\ \hline 28 & \\ \hline 29 & \\ \hline 30 & \\ \hline 31 & \\ \hline \end{tabular} 25d 26 3 Qualified Dividends and Capital Gain Tax Worksheet 15. Add lines 5 and 9 16. Subtract line 15 from line 14 . If zero or less, enter -0 17. Enter the smaller of line 12 or line 16 18. Multiply line 17 by 15%(0.15) 19. Add lines 9 and 17 20. Subtract line 19 from line 10 21. Multiply line 20 by 20%(0.20) 22. Figure the tax on the amount on line 5 . If the amount on line 5 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 5 is $100,000 or more, use the Tax Computation Worksheet 23. Add lines 18,21 , and 22 24. Figure the tax on the amount on line 1 . If the amount on line 1 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 1 is $100,000 or more, use the Tax Computation Worksheet . . . 25. Tax on all taxable income. Enter the smaller of line 23 or 24 . Also include this amount on the entry space on Form 1040 or 1040SR, line 16. If you are filing Form 2555, don't enter this amount on the entry space on Form 1040 or 1040SR, line 16. Instead, enter it on line 4 of the Foreign Earned Income Tax Worksheet . . ....................... 19. 20. 21. 22. 23. 24. 25. * If you are filing Form 2555, see the footnote in the Foreign Earned Income Tax Worksheet before completing this line. Qualified Dividends and Capital Gain Tax Worksheet 9. Subtract line 8 from line 7 . This amount is taxed at 0% 10. Enter the smaller of line 1 or line 4 11. Enter the amount from line 9 12. Subtract line 11 from line 10 13. Enter: $459,750 if single, $258,600 if married filing separately, $517,200 if married filing jointly or qualifying widow(er), $488,500 if head of household. 14. Enter the smaller of line 1 or line 13 15. Add lines 5 and 9 16. Subtract line 15 from line 14 . If zero or less, enter -0- 17. Enter the smaller of line 12 or line 16 18. Multiply line 17 by 15%(0.15) 20. Subtract line 19 from line 10 21. Multiply line 20 by 20%(0.20) 8. 9. 10. 11. 12. . 13. 14. 15. 16. 17. 19. 20. 18. 21. Form 1040 - Married filing jointly or Qualifying surviving spouse, $25,900 - Head of household, $19,400 - If you checked any box under Standard Deduction, see instructions. 8 Other income from Schedule 1, line 10 9 Add lines 1z, 2b, 3b, 4b, 5b, 6b, 7, and 8. This is your total income 10 Adjustments to income from Schedule 1 , line 26 11 Subtract line 10 from line 9. This is your adjusted gross income 12 Standard deduction or itemized deductions (from Schedule A) 13 Qualified business income deduction from Form 8995 or Form 8995-A 14 Add lines 12 and 13 15 Subtract line 14 from line 11 . If zero or less, enter -0-. This is your taxable income Form 1040 (2022) BAA For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. 111111112 Page 2 Form 1040 Complete the Butlers' Form 1040. Schedule 8812 1 Enter the amount from line 11 of your Form 1040, 1040-SR, or 1040-NR 2a Enter income from Puerto Rico that you excluded b Enter the amounts from lines 45 and 50 of your Form 2555 C Enter the amount from line 15 of your Form 4563 \begin{tabular}{|l|l|} 2a & \\ \hline 2b & \\ \hline 2c & \\ \hline \end{tabular} d Add lines 2a through 2c 3 Add lines 1 and 2d 4 Number of qualifying children under age 17 with the required social security number Schedule 1 i Prizes and awards j Activity not engaged in for profit income k Stock options. I Income from the rental of personal property if you engaged in the rental for profit but were not in the business of renting such property m Olympic and Paralympic medals and USOC prize money (see instructions) n Section 951(a) inclusion (see instructions) - Section 951A(a) inclusion (see instructions) p Section 461(I) excess business loss adjustment q Taxable distributions from an ABLE account (see instructions) r Scholarship and fellowship grants not reported on Form W-2 s Nontaxable amount of Medicaid waiver payments included on Form 1040, line 1a or 1d. t Pension or annuity from a nonqualifed deferred compensation plan or a nongovernmental section 457 plan . u Wages earned while incarcerated z Other income. List type and amount: 9 Total other income. Add lines 8 a through 8z 10 Combine lines 1 through 7 and 9. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 8 Schedule 1 (Form 1040) 2022 For Paperwork Reduction Act Notice, see your tax return instructions. For Paperwork Reduction Act Notice, see your tax return instructions Schedule 1 (Form 1040) 2022 Schedule 1 (Form 1040) (2022) Daniel and Freida C Butler 111111112 Page 2 Schedule B Part II Ordinary Dividends (See instructions and the instructions for Form 1040, line 3b.) Note: If you received a Form 1099-DIV or substitute statement from a brokerage firm, list the firm's name as the payer and enter the ordinary dividends shown on that form. 5 List name of payer: 6 Add the amounts on line 5. Enter the total here and on Form 1040 or 1040-SR, line 3b Note: If line 6 is over $1,500, you must complete Part III. Part III Foreign Accounts and Trusts Caution: If required, failure to file FinCEN Form 114 may result in substantial penalties. You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends; (b) had a foreign account; or (c) received a distribution from, or were a grantor of, or a transferor to, a foreign trust. \begin{tabular}{l} 7a At any time during 2022, did you have a financial interest in or signature authority over a financial \\ \cline { 2 - 4 } \\ account (such as a bank account, securities account, or brokerage account) located in a foreign \end{tabular} Schedule B Part I Interest (See instructions and the instructions for Form 1040, line 2b.) Note: If you received a Form 1099-INT, Form 1099-OID, or substitute statement from a brokerage firm, list the firm's name as the payer and enter the total interest shown on that form. 1 List name of payer. If any interest is from a seller-financed mortgage and the buyer used the property as a personal residence, see the instructions and list this interest first. Also, show that buyer's social security number and address FIRST BANK SECOND BANK 2 Add the amounts on line 1 3 Excludable interest on series EE and I U.S. savings bonds issued after 1989. Attach 4 Subtract line 3 from line 2. Enter the result here and on Form 1040 or 1040-SR, line 2b Note: If line 4 is over $1,500, you must complete Part III. 5 List name of payer: Ordinary Dividends (See instructions and the instructions for Form 1040, line 3b.) Note: If you Form 1040 Other income (as reported on 1099 Forms) for 2022 consisted of the following: The $382 from First Bank was an original issue discount. Dan and Freida collected $16,000 on the First Bank CD that matured on September 30, 2022. The CD was purchased on October 1,2019 , for $14,995, and the yield to maturity was 3.3%. Dan participated on a game show and won a cash prize of $7,000. In addition to the above information, Dan and Freida's itemized deductions included the following: Sales tax from the sales tax table is $1,860. Dan and Freida made Federal estimated tax payments of $6,000. They have never owned or used any digital assets, and they do not wish to contribute to the Presidential Election Campaign. The Kentucky income tax rate is 4%. Required: Compute Dan and Freida's 2022 Federal income tax payable (or refund due). Use Form 1040 and Schedules 1, B, 8812 and the Qualified Dividends and Capital Gain Tax Worksheet to complete this tax return. If there is a tax overpayment, the Butlers would like a refund. If additional tax is due, assume no underpayment penalty applies. It may be necessary to complete the tax schedules before completing Form 1040. - Enter all amounts as positive numbers. - If an amount box does not require an entry or the answer is zero, enter "0". - When computing the tax liability, do not round your immediate calculations. - If required, round your answers to the nearest dollar. - Make realistic assumptions about any missing data. - Use the Tax Rate Schedule provided. Do not use the Tax Tables. Next. On line 16b, is the amount $4,500 or more? No. If you are a bona fide resident of Puerto Rico, go to line 21. Otherwise, skip Part II-B and enter the smaller of line 17 or line 20 on line 27. Yes. If line 20 is equal to or more than line 17, skip Part II-B and enter the amount from line 17 on line 27. Otherwise, go to line 21 . Note: This problem is for the 2022 tax year. Daniel B. Butler and his spouse Freida C. Butler file a joint return. The Butlers live at 625 Oak Street in Corbin, KY 40701. Dan's Social Security number is 111-11-1112, and Freida's is 123-45-6780. Dan was born on January 15, 1971, and Freida was born on August 20, 1971. During 2022, Dan and Freida furnished over half of the total support of each of the following individuals, all of whom still live at home: a. Gina, their daughter, age 22, a full-time student, who married on December 21, has no income of her own and did not file a joint return with her husband, Casey, who earned $10,600 during 2022. Gina's Social Security number is 123-45-6788. b. Willie, their son, age 19, graduated high school in May 2022. He is taking a leap year and will not begin college until 2023. He had gross income of $6,300 in 2022. Willie's Social Security number is 123-45-6787. c. Ben, their oldest son, age 26 , is a full-time graduate student with gross income of $5,200. Ben's Social Security number is 12345 6786. Dan was employed as a manager by WJJ, Inc. (employer identification number 11-1111111, 604 Franklin Street, Corbin, KY 40702), and Freida was employed as a salesperson for Corbin Realty, Inc. (employer identification number 98-7654321, 899 Central Street, Corbin, KY 40701). Selected information from the W-2 forms provided by the employers is presented below. Dan and Freida use the cash method. Freida sold a house on December 30, 2022, and will be paid a commission of $3,100 (not included in the $86,000 reported on the W-2) on the January 10, 2023, closing date. Other income (as reported on 1099 Forms) for 2022 consisted of the following: Schedule 8812 $1,000. For example, if the result is $425, enter $1,000; if the result is $1,025, enter $2,000, etc. 11 Multiply line 10 by 5%(0.05) 12 Is the amount on line 8 more than the amount on line 11 ? No. STOP. You cannot take the child tax credit, credit for other dependents, or additional child tax credit. Skip Parts II-A and II-B. Enter -0- on lines 14 and 27. Yes. Subtract line 11 from line 8 . Enter the result. 13 Enter the amount from the Credit Limit Worksheet A 14 Enter the smaller of line 12 or 13 . This is your child tax credit and credit for other dependents Enter this amount on Form 1040, 1040-SR, or 1040-NR, line 19. If the amount on line 12 is more than the amount on line 14, you may be able to take the additional child tax credit on Form 1040, 1040- SR, or 1040-NR, line 28. Complete your Form 1040, 1040-SR, or 1040-NR through line 27 (also complete Schedule 3, line 11) before completing Part II-A. BAA For Paperwork Reduction Act Notice, see your tax return instructions. Schedule 8812 (Form 1040) 2022 Schedule 8812 (Form 1040) (2022) Daniel and Freida C Butler 111-11-1112 Page 2 Part II-A Additional Child Tax Credit for All Filers Caution: If you file Form 2555, you cannot claim the additional child tax credit. 15 Check this box if you do not want to claim the additional child tax credit. Skip Parts II-A and II-B. Enter -0- on line 27 . . . . . . . . . 16 Subtract line 14 from line 12. If zero, stop here; you cannot take the additional child tax credit. Skip Parts IIA and II-B. Enter -0- on line 27 b Number of qualifying children under 17 with the required social security number: $1,500. Enter the result. If zero, stop here; you cannot claim the additional child tax credit. Skip Parts II-A and II-B. Schedule 1 21 Student loan interest deduction 22 Reserved for future use 23 Archer MSA deduction 24 Other adjustments: a Jury duty pay (see instructions) b Deductible expenses related to income reported on line 81 from the rental of personal property engaged in for profit c Nontaxable amount of the value of Olympic and Paralympic medals and USOC prize money reported on line 8m d Reforestation amortization and expenses e Repayment of supplemental unemployment benefits under the Trade Act of 1974 . f Contributions to section 501(c)(18)(D) pension plans g Contributions by certain chaplains to section 403 (b) plans h Attorney fees and court costs for actions involving certain unlawful discrimination claims (see instructions) i Attorney fees and court costs you paid in connection with an award from the IRS for information you provided that helped the IRS detect tax law violations j Housing deduction from Form 2555 k Excess deductions of section 67(e) expenses from Schedule K-1 (Form 1041) z Other adjustments. List type and amount: 25 Total other adjustments. Add lines 24a through 24z. 26 Add lines 11 through 23 and 25. These are your adjustments to income. Enter here and on Form 1040 or 1040-SR, line 10, or Form 1040-NR, line 10a . . Schedule 1 (Form 1040) 2022 Qualified Dividends and Capital Gain Tax Worksheet Before you begin: 1. Enter the amount from Form 1040 or 1040SR, line 15 . However, if you are filing Form 2555 (relating to foreign earned income), enter the amount from line 3 of the Foreign Earned Income Tax Worksheet (Taxable income) 2. Enter the amount from Form 1040 or 1040SR, line 3a. . 2. 3. Are you filing Schedule D?* Yes Enter the smaller of line 15 or 16 of Schedule D. If either line 15 or line 16 is blank or a loss, enter -0- No Enter the amount from Form 1040 or 1040SR, line 7. See the earlier instructions for line 16 to see if you can use this worksheet to figure your tax. Before completing this worksheet, complete Form 1040 through line 15. If you do not have to file Schedule D and you received capital gain distributions, be sure you checked the box on Form 1040 or 1040SR, line 7. Form 1040 21 Add lines 19 and 20 22 Subtract line 21 from line 18 . If zero or less, enter -0 - 23 Other taxes, including self-employment tax, from Schedule 2, line 21 24 Add lines 22 and 23. This is your total tax 21 Payments 25 Federal income tax withheld from: a Form(s)W2 b Form(s) 1099 c Other forms (see instructions) 22 d Add lines 25a through 25c If you have a 262022 estimated tax payments and amount applied from 2021 return qualifying child, 27 Earned income credit (EIC) attach Sch. EIC. 28 Additional child tax credit from Schedule 8812. . . 29 American opportunity credit from Form 8863, line 8 30 Reserved for future use 31 Amount from Schedule 3, line 15 23 24 32 Add lines 27, 28, 29, and 31. These are your total other payments and refundable credits. 33 Add lines 25d, 26, and 32. These are your total payments \begin{tabular}{|l|l|} \hline 27 & \\ \hline 28 & \\ \hline 29 & \\ \hline 30 & \\ \hline 31 & \\ \hline \end{tabular} 25d 26 3 Qualified Dividends and Capital Gain Tax Worksheet 15. Add lines 5 and 9 16. Subtract line 15 from line 14 . If zero or less, enter -0 17. Enter the smaller of line 12 or line 16 18. Multiply line 17 by 15%(0.15) 19. Add lines 9 and 17 20. Subtract line 19 from line 10 21. Multiply line 20 by 20%(0.20) 22. Figure the tax on the amount on line 5 . If the amount on line 5 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 5 is $100,000 or more, use the Tax Computation Worksheet 23. Add lines 18,21 , and 22 24. Figure the tax on the amount on line 1 . If the amount on line 1 is less than $100,000, use the Tax Table to figure the tax. If the amount on line 1 is $100,000 or more, use the Tax Computation Worksheet . . . 25. Tax on all taxable income. Enter the smaller of line 23 or 24 . Also include this amount on the entry space on Form 1040 or 1040SR, line 16. If you are filing Form 2555, don't enter this amount on the entry space on Form 1040 or 1040SR, line 16. Instead, enter it on line 4 of the Foreign Earned Income Tax Worksheet . . ....................... 19. 20. 21. 22. 23. 24. 25. * If you are filing Form 2555, see the footnote in the Foreign Earned Income Tax Worksheet before completing this line. Qualified Dividends and Capital Gain Tax Worksheet 9. Subtract line 8 from line 7 . This amount is taxed at 0% 10. Enter the smaller of line 1 or line 4 11. Enter the amount from line 9 12. Subtract line 11 from line 10 13. Enter: $459,750 if single, $258,600 if married filing separately, $517,200 if married filing jointly or qualifying widow(er), $488,500 if head of household. 14. Enter the smaller of line 1 or line 13 15. Add lines 5 and 9 16. Subtract line 15 from line 14 . If zero or less, enter -0- 17. Enter the smaller of line 12 or line 16 18. Multiply line 17 by 15%(0.15) 20. Subtract line 19 from line 10 21. Multiply line 20 by 20%(0.20) 8. 9. 10. 11. 12. . 13. 14. 15. 16. 17. 19. 20. 18. 21. Form 1040 - Married filing jointly or Qualifying surviving spouse, $25,900 - Head of household, $19,400 - If you checked any box under Standard Deduction, see instructions. 8 Other income from Schedule 1, line 10 9 Add lines 1z, 2b, 3b, 4b, 5b, 6b, 7, and 8. This is your total income 10 Adjustments to income from Schedule 1 , line 26 11 Subtract line 10 from line 9. This is your adjusted gross income 12 Standard deduction or itemized deductions (from Schedule A) 13 Qualified business income deduction from Form 8995 or Form 8995-A 14 Add lines 12 and 13 15 Subtract line 14 from line 11 . If zero or less, enter -0-. This is your taxable income Form 1040 (2022) BAA For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. 111111112 Page 2 Form 1040 Complete the Butlers' Form 1040. Schedule 8812 1 Enter the amount from line 11 of your Form 1040, 1040-SR, or 1040-NR 2a Enter income from Puerto Rico that you excluded b Enter the amounts from lines 45 and 50 of your Form 2555 C Enter the amount from line 15 of your Form 4563 \begin{tabular}{|l|l|} 2a & \\ \hline 2b & \\ \hline 2c & \\ \hline \end{tabular} d Add lines 2a through 2c 3 Add lines 1 and 2d 4 Number of qualifying children under age 17 with the required social security number Schedule 1 i Prizes and awards j Activity not engaged in for profit income k Stock options. I Income from the rental of personal property if you engaged in the rental for profit but were not in the business of renting such property m Olympic and Paralympic medals and USOC prize money (see instructions) n Section 951(a) inclusion (see instructions) - Section 951A(a) inclusion (see instructions) p Section 461(I) excess business loss adjustment q Taxable distributions from an ABLE account (see instructions) r Scholarship and fellowship grants not reported on Form W-2 s Nontaxable amount of Medicaid waiver payments included on Form 1040, line 1a or 1d. t Pension or annuity from a nonqualifed deferred compensation plan or a nongovernmental section 457 plan . u Wages earned while incarcerated z Other income. List type and amount: 9 Total other income. Add lines 8 a through 8z 10 Combine lines 1 through 7 and 9. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 8 Schedule 1 (Form 1040) 2022 For Paperwork Reduction Act Notice, see your tax return instructions. For Paperwork Reduction Act Notice, see your tax return instructions Schedule 1 (Form 1040) 2022 Schedule 1 (Form 1040) (2022) Daniel and Freida C Butler 111111112 Page 2 Schedule B Part II Ordinary Dividends (See instructions and the instructions for Form 1040, line 3b.) Note: If you received a Form 1099-DIV or substitute statement from a brokerage firm, list the firm's name as the payer and enter the ordinary dividends shown on that form. 5 List name of payer: 6 Add the amounts on line 5. Enter the total here and on Form 1040 or 1040-SR, line 3b Note: If line 6 is over $1,500, you must complete Part III. Part III Foreign Accounts and Trusts Caution: If required, failure to file FinCEN Form 114 may result in substantial penalties. You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends; (b) had a foreign account; or (c) received a distribution from, or were a grantor of, or a transferor to, a foreign trust. \begin{tabular}{l} 7a At any time during 2022, did you have a financial interest in or signature authority over a financial \\ \cline { 2 - 4 } \\ account (such as a bank account, securities account, or brokerage account) located in a foreign \end{tabular} Schedule B Part I Interest (See instructions and the instructions for Form 1040, line 2b.) Note: If you received a Form 1099-INT, Form 1099-OID, or substitute statement from a brokerage firm, list the firm's name as the payer and enter the total interest shown on that form. 1 List name of payer. If any interest is from a seller-financed mortgage and the buyer used the property as a personal residence, see the instructions and list this interest first. Also, show that buyer's social security number and address FIRST BANK SECOND BANK 2 Add the amounts on line 1 3 Excludable interest on series EE and I U.S. savings bonds issued after 1989. Attach 4 Subtract line 3 from line 2. Enter the result here and on Form 1040 or 1040-SR, line 2b Note: If line 4 is over $1,500, you must complete Part III. 5 List name of payer: Ordinary Dividends (See instructions and the instructions for Form 1040, line 3b.) Note: If you