Kaitlyn and Jason are married in 2023 and they maintain a household and provide more than half the support for their two children, Pinot (16) and Ramen (7) who live with them the entire year. Kaitlyn and Jason have the following income/loss items for 2023. Salary (Kaitlyn) Salary (Jason) Podcast Income (Kaitlyn) Podcast Income (Jason) Interest (TN Bank) Interest (Buffalo, NY County Bonds) Ordinary Dividends Gains from property transactions Sale of Apple Stock (held 6 mos.) Sale of Peloton Stock (held 1 year) Sale of IBM Stock (Held 5 years) Sale of personal car (held 2 years) Sale of personal boat (held 2 years) Value of Influencer Gifts Received I $160,000 $125,000 $75,500 $95,000 $7,500 $15,000 $60,000 $65,000 (55,000) (5,000) (10,000) (20,000) 35,000

Kaitlyn and Jason are married in 2023 and they maintain a household and provide more than half the support for their two children, Pinot (16) and Ramen (7) who live with them the entire year. Kaitlyn and Jason have the following income/loss items for 2023 Kaitlyn also received $125,000 from her appearance on Dancing with the Stars. Jason invested $100,000 for a 50% interest in InfuencerLove partnership which reported $255,000 of partnership income this year. Jason received $55,000 in distributions to cover his tax liability related to the partnership. Kaitlyn and Jason have a high deductible health insurance plan, and they contributed $7,750 to an HSA this year. Neither of them are covered by retirement plans at their work, so they each contribute $6,500 to their traditional IRA. Kaitiyn inherited $500,000 in stock from her dad and received $1,500,000 in proceeds from his dad's life insurance policy (he was the beneficiary). Jason's sister, Jillian, was having a hard time this year, so they loaned her $95,000 on July 1, payable on demand with no stated interest rate. Jillian had $450 of interest income this year. The Federal rate was 3%. They own their home, and they paid mortgage interest of $22,000 for the year, property tax of $12,500, and they paid state taxes of $35,500. Kaitlyn became very interested in dance through her time on DWTS and contributed $35,000 to a qualifying charitable organization that provides dance lessons to at risk youth. Please calculate Kaitlyn and Jason's tax liability for the current year, ignoring QBI and self-employment tax, specifically noting their AGI and taxable income