Lance H$.$ and Wanda B$.$ Dean are married and live at $431$ Yucca Drive, Santa Fe$,$ NM $87501.$

Lance works for the convention bureau of the local Chamber of Commerce, and Wanda owns her

own business $($an S$-$Corp$).$ They file a joint return.

Personal items:

Combined Wages $/$ Salaries $$120,000($Includes both Lance and Wanda$)$

Interest Income $1,030$

Child support payments to John Allen $10,000$

Alimony payments to John Allen $34,000$

Lottery winnings $870$

Federal income tax withholding $10,000$

State income tax withheld $6,000$

Wanda was previously married to John Allen, they divorced several years ago $($prior to $2018).$

Under the divorce decree, Wanda was obligated to pay alimony and child support to John. She

paid him $$34,000$ in alimony and $$10,000$ in child support, which agreed with the divorce

decree.

Wanda is the owner of her own business. Throughout the year she earned $$20,000$ of ordinary

income from this business $($taxed as an S$-$Corp$),$ reported on a K$-1.$

Additionally, Lance and Wanda had:

$(1)$ Sale of LMN publicly traded stock on $2/15/2023$ for $$7,000($originally purchased for

$$9,000$ on $8/15/2022)$

$(2)$ Sale of QRS publicly traded stock on $10/15/2023$ for $$16,000($originally purchased for

$$7,500$ on $12/15/2021)$

$(3)$ Sale of a boat on $5/15/2023$ for $$10,000$ used for personal recreation $($originally

purchased for $$20,000$ on $6/15/2018)$

$(4)$ Wanda inherited publicly traded stock worth $$30,000$ from a deceased uncle on

September $30,2023$

$(5)$ Immediately after receiving this stock, Wanda sold it for $$30,000.$ This stock was

originally purchased by his uncle on January $15$th

$,2020,$ for $$23,000$

Prepare the $2023$ Federal income tax return for Lance and Wanda Dean.