I:$6-60$ Dave Stevens, age $34,$ is a self$-$employed physical therapist. His wife Sarah, age $31,$ teaches English as a Second Language at a local language school. Dave$$s Social Security number is $111-11-1111.$ Sarah$$s Social Security number is $222-22-2222.$ Sarah and Dave have three children$$Andrew$,$ age $8$; Isaac, age $6$; and Mira, age $3.$ The children$$s Social Security numbers are, respectively, $333-33-3333,444-44-4444,$ and $555-55-5555.$ They live at $12637$ Pheasant Run, West Bend, Oregon $74658.$ They paid $$8,900$ in qualified residence interest and $$2,400$ in property taxes on their home. They had cash charitable contributions of $$14,000.$ They also paid $$180$ to a CPA for preparing their federal and state income tax returns for the prior year, $$100$ of which was for the preparation of Dave$$s Schedule C$.$ Sarah and Dave earned interest on CDs of $$3,200.$ Sarah$$s salary for the year is $$32,000,$ from which $$9,600$ in federal income tax and $$1,400$ in state income tax were withheld. Dave$$s office is located at Suite $402,942$ Woodview Drive, Portland, Oregon $74624,$ and his employer ID number is $11-1111111.$ Dave has been practicing for four years, and he uses the cash method of accounting. During $2019,$ Dave recorded the following items of income:Revenue from patient visits

Interest earned on the office

$$300,000$

$225$

checking balance

$6\mathrm{.}1-30$ Full Alternative Text D

Chan

Medical journals

$6\mathrm{.}1-31$ Full Alternative Text O

Dave pays $$50$ annually for use of a safety deposit box to store certain confidential documents related to his business. In addition to his medical nuantina Mausananda $15$ halive sunnivaale manadina bia raal astata

Ind$-6-38$

Ind$-6-38$

ns

Ind$-6-39$

Ind$-6-39$

Ind$-6-44$

inking Problems

Ind$-6-46$

ion Problems

Ind$-6-46$

Ind$-6-49$

Ind$-6-49$

and Deferred

Ind$-7-1$

The following expenses were recorded for the office:

Property taxes

$ $4,500$

Mortgage interest

$12,000$

Depreciation

$4,500$

Malpractice insurance

$37,500$

Utilities

$3,750$

Office staff salaries

$51,000$

Rent payments on equipment

$15,000$

Office magazine subscriptions

$150$

Office supplies

$24,000$

$330$Dave pays $$50$ annually for use of a safety deposit box to store certain confidential documents related to his business. In addition to his medical practice, Dave spends $15$ hours every week managing his real estate investments. To make sure he is aware of all current investment strategies and best practices, he subscribes to the following journals:

Wall Street Journal

$$150$

U$.$S$.$ News & World Report

$55$

Money Magazine

$45$

$6\mathrm{.}1-32$ Full Alternative Text L

Dave also prepaid $$33,000$ in estimated federal income taxes. Prepare Dave and Sarah's $2019$ tax return $($Form $1040,$ Schedules $1,2,3,$ A$,$ B$,$ C$,$ SE$,$ and Form $8995).$ Disregard any tax credits for which they may be eligible. Please use the $2023$ forms