Fred and Wilma got married eight years ago and have a six$-$year old daughter Pebbles. In $2023,$ Fred worked at a local university earning a salary of $$59,000,$ and Wilma worked part$-$time as a receptionist for a law firm earning a salary of $$29,800.$ Fred also does some Web design work on the side and reported revenues of $$14,000$ and associated expenses other than depreciation and amortization of $$750.$ They received $$800$ in qualified dividends and a $$250$ refund of their $2022$ state income taxes in $2023.$ They always itemize their deductions, and their itemized deductions were well over the standard deduction amount in $2022.$

They made the following payments during the year

State income taxes withheld of $$4,400.$ Federal tax withholding of $$2,900.$

Alimony payments to Fred$$s former wife $($divorced in $2014)$ $$10,000$

Child support payments for Fred$$s child with his former wife $$4,100$

$$3,200$ of real property taxes

Medical expenses not covered by insurance of $$2,253$

Wilma was reimbursed $$600$ for employee business expenses she incurred. She was required to provide documentation for her expenses to her employer.

In addition to the $$750$ of web design expenses, Fred attended a conference to improve his skills associated with his web design work. His trip was for three days and he incurred the following expenses. Airfare $$370,$ total taxi fares for trip $$180,$ meals in restaurants $$80,$ and conference fee of $$200.$

$$3,600$ to Kid Care daycare center for Pebbles$$ care while Fred and Wilma worked.

$$14,000$ interest on their home mortgage of $$500,000$

$$3,000$ interest on a $$40,000$ home$-$equity loan $($loan obtained before $2018$ for a remodel$).$

$$16,000$ cash charitable contributions to qualified charities

Donation of used furniture to Goodwill. The furniture had a fair market value of $$400$ and cost $$2,000$

Fred$$s Web design work business has a number of assets. During $2022($not $2023),$ he bought and placed into service the following assets and incurred the following fees at start$-$up:

$2022$ Assets Purchase Date Basis

Computers $(5-$year$)$ October $30$ $$15,000$

Office equipment $(7-$year$)$ October $30$ $$10,000$

Furniture $(7-$year$)$ October $30$ $$3,000$

Start$-$up costs October $30$ $$17,000$

In April of $2023,$ he decided to purchase a customer list from a company started by someone else. The customer list cost $$10,000$ and the sale was completed on May $1.$ In the summer he purchased a van $($for his business, not considered a luxury auto$).$

$2023$ Assets Purchase Date Basis

Van June $15$ $$18,000$

Customer List May $1$ $$10,000$

Assume that he does not claim any $179$ expense or bonus depreciation. Assume he otherwise takes the maximum allowable deductions for depreciation, start$-$up costs, and amortization in $2022$ and $2023.$ Ignore depreciation and$/$or amortization adjustments for AMT purposes.

Required: Complete pages $1$ and $2$ of Form $1040,$ Schedule $1,$ Schedule $3,$ Schedule A$,$ Schedule C$,$ Form $4562,$ Schedule SE $($if necessary$),$ Form $2441,$ and Form $6251$ for Fred and Wilma for $2023.$ Include a spreadsheet showing your well$-$labeled depreciation and amortization calculations.