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Larry K. and Cathy L. Zepp have been married 18 years. Larry is 52 years old while Cathy is 47 years old. They live at

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Larry K. and Cathy L. Zepp have been married 18 years. Larry is 52 years old while Cathy is 47 years old. They live at 1234 Elm Dr., Indianapolis, IN 46202 . The Zepps have two children, a son, Zachary W. Zepp. Both children live with them the entire year. Zachary is a full-time student. Larry is a salesperson employed by DSK Industries. This year he earned $135,400. Federal and state income taxes withheld were $17,000 and $7,000, respectively. Social Security tax withheld was $7,961 and Medicare tax withheld was $1,963. Cathy freelances as an independent contractor in computer graphics. She use her own name as the name of her business. Her earnings received from various engagements was $12,000. Her only expenses paid during the year were for office supplies of $3,000. She paid estimated federal income taxes during the year of $1,000 ( $250 on each due date). Her business uses the cash method of accounting. Other income earned by the couple included the following: Interest Income $4,000 from Highland National Bank $975 from a State of Indiana bond Dividends $300 from Ford Motor Company $575 from Eastman Kodak $125 from IBM $1,200 from Apple All dividends were qualifying dividends Stock Transactions 1. Sold 100 shares of IBM for $10 per share on August 1st. The Zepps had paid $170 per share when they purchased the stock on July 18,2014. 2. Sold 400 shares of Apple stock for $78 per share on July 20th. The Zepps had paid $35 per share on May 7,2005. Rental Property The couple owns a duplex that it rents out. It is located at 111 Nowbere Ave. Indianapolis, IN. They received $12,000 in rental income this year and had the following expenses related to the duplex: Stock Transactions 1. Sold 100 shares of IBM for $10 per share on August 1st. The Zepps had paid $170 per share when they purchased the stock on July 18, 2014. 2. Sold 400 shares of Apple stock for $78 per share on July 20th. The Zepps had paid $35 per share on May 7, 2005. Rental Property The couple owns a duplex that it rents out. It is located at 111 Nowhere Ave. Indianapolis, IN. They received $12,000 in rental income this year and had the following expenses related to the duplex: The Zepps had the following expenses during the year: Prepare the Zepp's 2022 individual income tax return. Complete Form 1040 and Schedule 1 through 3 that go with the form 1040 as well as Schedules A, B, C, D, E and SE

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