*** NOTE: I NEED HELP FIGURING OUT WHERE TO PUT THE INFORMATION ON THE FORMS BELOW PLEASE:

Form 1040 - Complete all Taxable Income line items.

Schedule 1 - Other Income

Schedule D - Short and Long-term Property Sales

• Form 8824 - Like-kind Exchanges.
• Form 4797 - Sales of Business Property
• Form 8283 - Donated Property
• Form 8949 - Capital Gains

1) Like-Kind Exchange (Form 8824) At a mortgage foreclosure auction held on February 4, 2005, Andy acquired an abandoned sugarcane farm known as LaBeaux Place for $30,000. In view of the expansion trend in nearby Houston, he regarded the purchase as a good investment. Early in 2022, Andy was contacted by a Houston real estate developer who offered $250,000. Considering the prospect of a large taxable gain, Andy arranged for a property swap. In exchange for several vacant lots on Padre Island (TX) worth $240,000 and cash of $10,000, Andy transferred LaBeaux Place to the developer. The exchange took place on June 20, 2022.

2) Sale of Business Property (Form 4797) Andy purchased unimproved land near Beaumont (TX) for $18,200 at an auction held on April 17, 1992. The property was adjacent to a prison rice farm owned by the Texas Department of Corrections (TDC). Andy bought the property based on a hunch that TDC might someday wish to expand.In late 2021, the TDC offered $160,000. Andy countered with a selling price of $225,000. Andy and TDC could not come to a mutually agreeable selling price. The TDC then threatened to condemn the property. So, Andy transferred the property to TDC on June 28, 2022, for $180,000. On December 17, 2022, Andy reinvested $175,000 in vacant land located near Texas University. Andy spent the remaining $5,000 on a vacation in 2023.

3) Donated Property (Form 8283) On May 9, 2013, Uncle Maximilian Clark gifted Andy a gun collection. The collection had an adjusted basis to Maximilian of $4,200 and was worth $13,000 on the date of the gift. After Maximilian died in early 2022, Andy donated the collection to the Alamo Foundation. The transfer was made on December 5, 2022. At that time, the collection was appraised at $16,000. The museum added the guns to its extensive collection of firearms.

4) Capital Gains (Form 8949) 1. On May 9, 2000, Andys father gave him 400 shares of Ragusa Corporation common stock as a birthday gift. The stock cost his father $16,000 ($40 a share) and was worth $20,000 on the date of the gift. In 2012, when the stock was worth $140 per share, Ragusa declared a 2-for-1 stock split. On July 27, 2022, Andy sold 400 shares for $20,000 ($50 a share). Andy kept the remaining 400 shares. Form 1099B did not report the basis of this property. 2. On December 21, 2022, the Clarks sold 500 shares of Cormorant Power common stock for $40,000 ($80 a share). They purchased the stock on February 1, 2022, for $50,000 ($100 a share). The Clarks sold the stock to generate a loss to offset some of their capital gains. 3. The Clarks have a long-term capital loss carryover of $7,000 from 2021.