Pat and Jordan Beber are marrled and file a joint return in 2022. They Ilve at 12345 Hemenway Avenue, Marlborough, MA 01752. Pat Is a self-employed tax preparer whose SSN is 412-34-5670. Jordan is a software programmer whose SSN is 412-34-5671. Jordan had the following Income and expenses for the year: Pat was the sole proprletor of NAMA Tax Service. The business Is located at 123 Main Street, Marlborough, MA 01752, and the business code Is 541213. Pat had the following revenue and expenses (Cash basis): Pat had the following business assets: - Office furniture: Purchased for $4,950 on May 20, 2020. The equipment is being depreclated over seven-year MACRS 200\% declining balance. Pat sold it on May 15, 2022, for $4,000 - Office equipment: Purchased a copler for $13,800 on January 10, 2022. The copler is belng depreclated over five-year MACRS 200\% declining balance. Pat makes no elections for $179 or bonus depreclation. - Computer and equipment: Purchased a computer system for $8,900 on January 2, 2021. The computer Is beIng depreclated over five-year MACRS 200\% declining balance. Pat makes no elections for 179 or bonus depreciation. Pat and Jordan had the following other sources of Income and deductions: - Interest from a CD in the amount of $1,410. - Long-term loss carryover from 2019 of $5,000. - Real estate taxes of $8,459. - Home mortgage Interest of $16,600. - Charitable contributions in cash over the year of $2,500; all recelpts and acknowledgments were recelved from the charitable organizations. Pat has made four quarterly Installments of $250 each as estimated taxes for 2022 . All estimated tax payments were paid by the due date using the 1040 -ES coupons. Required: Prepare Form 1040 and all related schedules, forms, and worksheets for Pat and Jordan Beber for 2022. The Bebers do not donate to the presidentlal election campaign. Use the approprlate Tax Tables, Tax Rate Schedules and Depreclation Tables (6A1,6A2,6A3,6A4 and 6AA5). Note: Instructlons can be found on certain cells within the forms. Llst the names of the taxpayers in the order in which they appear In the problem. Indlcate losses with minus sign and enter all other values as positive amounts. Round your intermedlate calculatlons to 2 decimal places and final answers to the nearest whole dollar amount. Part II Adjustments to Income 11 Educator expenses 12 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 13 Health savings account deduction. Attach Form 8889 14 Moving expenses for members of the Armed Forces. Attach Form 3903 15 Deductible part of self-employment tax. Attach Schedule SE 16 Self-employed SEP. SIMPLE, and qualified plans 17 Self-employed health insurance deduction 18 Penalty on early withdrawal of savings 19 A Amony paid b Recioient's SSN c Date of original divorce or separation agreement (see instructions) 20 IRA deduction 21 Student loan interest deduction 22 Reserved for future use 23 Archer MSA deduction 24 Other adjustments: a Jury duty pay (see instructions) b Deductible expenses related to income reported on line 81 from the rental of personal property engaged in for profit c Nontaxable amount of the value of Olympic and Paralympic medals and USOC prize money reported on line 8m d Reforestation amortization and expenses e Repayment of supplemental unemployment benefits under the Trade Act of 1974 f Contributions to section 501(c)(18)(D) pension plans 9 Contributions by certain chaplains to section 403(b) plans h Attorney fees and court costs for actions involving certain unlawful discrimination claims (see instructions) i Attorney fees and court costs you paid in connection with an award from the IRs for information you provided that helped the IRS detect tax law violations j Housing deduction from Form 2555 k Excess deductions of section 87(e) expenses from Schedule K1 (Form 1041) z Other adjustments. List type and amount: 25 Total other adjustments. Add lines 24 a through 24z 26 Add lines 11 through 23 and 25 . These are your adjustments to income. Enter here and on Form 1040 or 10405R, line 10 , or Form 1040NR, line 10a For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 71479F \begin{tabular}{|l|l|} \hline 11 & \\ \hline 12 & \\ \hline 13 & \\ \hline 14 & \\ \hline 15 & \\ \hline 16 & \\ \hline 17 & \\ \hline 18 & \\ \hline 19 a & \\ \hline & \\ \hline 20 & \\ \hline 21 & \\ \hline 22 & \\ \hline 23 & \\ \hline & \\ \hline 26 & \\ \hline Schedule 1 (Form 1040) 2022 \\ \hline \end{tabular} Part I Additional Income 1 Taxable refunds, credits, or offsets of state and local income taxes 2a Alimony received b Date of original divorce or separation agreement (see instructions): 3 Business income or (loss). Attach Schedule C 4 Other gains or (losses). Attach Form 4797 5 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 6 Farm income or (loss). Attach Schedule F 7 Unemployment compensation 8 Other income: a Net operating loss b Gambling c Cancellation of debt d Foreign earned income exclusion from Form 2555 e Income from Form 8853 f Income from Form 8889 g Alaska Permanent Fund dividends h Jury duty pay i Prizes and awards j Activity not engaged in for profit income k Stock options I Income from the rental of personal property if you engaged in the rental for profit but were not in the business of renting such property m Olympic and Paralympic medals and USOC prize money (see instructions) n Section 951(a) inclusion (see instructions) o Section 951A(a) inclusion (see instructions) p Section 461(1) excess business loss adjustment q Taxable distributions from an ABLE account (see instructions) r Scholarship and fellowship grants not reported on Form W-2 s Nontaxable amount of Medicaid waiver payments included on Form 1040, line 1a or 1d t Pension or annuity from a nonqualifed deferred compensation plan or a nongovernmental section 457 plan u Wages earned while incarcerated z Other income. List type and amount: 9 Total other income. Add lines 8 a through 8z 10 Combine lines 1 through 7 and 9 . Enter here and on Form 1040, 1040-SR, or 1040NR, line 8 Pat and Jordan Beber are marrled and file a joint return in 2022. They Ilve at 12345 Hemenway Avenue, Marlborough, MA 01752. Pat Is a self-employed tax preparer whose SSN is 412-34-5670. Jordan is a software programmer whose SSN is 412-34-5671. Jordan had the following Income and expenses for the year: Pat was the sole proprletor of NAMA Tax Service. The business Is located at 123 Main Street, Marlborough, MA 01752, and the business code Is 541213. Pat had the following revenue and expenses (Cash basis): Pat had the following business assets: - Office furniture: Purchased for $4,950 on May 20, 2020. The equipment is being depreclated over seven-year MACRS 200\% declining balance. Pat sold it on May 15, 2022, for $4,000 - Office equipment: Purchased a copler for $13,800 on January 10, 2022. The copler is belng depreclated over five-year MACRS 200\% declining balance. Pat makes no elections for $179 or bonus depreclation. - Computer and equipment: Purchased a computer system for $8,900 on January 2, 2021. The computer Is beIng depreclated over five-year MACRS 200\% declining balance. Pat makes no elections for 179 or bonus depreciation. Pat and Jordan had the following other sources of Income and deductions: - Interest from a CD in the amount of $1,410. - Long-term loss carryover from 2019 of $5,000. - Real estate taxes of $8,459. - Home mortgage Interest of $16,600. - Charitable contributions in cash over the year of $2,500; all recelpts and acknowledgments were recelved from the charitable organizations. Pat has made four quarterly Installments of $250 each as estimated taxes for 2022 . All estimated tax payments were paid by the due date using the 1040 -ES coupons. Required: Prepare Form 1040 and all related schedules, forms, and worksheets for Pat and Jordan Beber for 2022. The Bebers do not donate to the presidentlal election campaign. Use the approprlate Tax Tables, Tax Rate Schedules and Depreclation Tables (6A1,6A2,6A3,6A4 and 6AA5). Note: Instructlons can be found on certain cells within the forms. Llst the names of the taxpayers in the order in which they appear In the problem. Indlcate losses with minus sign and enter all other values as positive amounts. Round your intermedlate calculatlons to 2 decimal places and final answers to the nearest whole dollar amount. Part II Adjustments to Income 11 Educator expenses 12 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 13 Health savings account deduction. Attach Form 8889 14 Moving expenses for members of the Armed Forces. Attach Form 3903 15 Deductible part of self-employment tax. Attach Schedule SE 16 Self-employed SEP. SIMPLE, and qualified plans 17 Self-employed health insurance deduction 18 Penalty on early withdrawal of savings 19 A Amony paid b Recioient's SSN c Date of original divorce or separation agreement (see instructions) 20 IRA deduction 21 Student loan interest deduction 22 Reserved for future use 23 Archer MSA deduction 24 Other adjustments: a Jury duty pay (see instructions) b Deductible expenses related to income reported on line 81 from the rental of personal property engaged in for profit c Nontaxable amount of the value of Olympic and Paralympic medals and USOC prize money reported on line 8m d Reforestation amortization and expenses e Repayment of supplemental unemployment benefits under the Trade Act of 1974 f Contributions to section 501(c)(18)(D) pension plans 9 Contributions by certain chaplains to section 403(b) plans h Attorney fees and court costs for actions involving certain unlawful discrimination claims (see instructions) i Attorney fees and court costs you paid in connection with an award from the IRs for information you provided that helped the IRS detect tax law violations j Housing deduction from Form 2555 k Excess deductions of section 87(e) expenses from Schedule K1 (Form 1041) z Other adjustments. List type and amount: 25 Total other adjustments. Add lines 24 a through 24z 26 Add lines 11 through 23 and 25 . These are your adjustments to income. Enter here and on Form 1040 or 10405R, line 10 , or Form 1040NR, line 10a For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 71479F \begin{tabular}{|l|l|} \hline 11 & \\ \hline 12 & \\ \hline 13 & \\ \hline 14 & \\ \hline 15 & \\ \hline 16 & \\ \hline 17 & \\ \hline 18 & \\ \hline 19 a & \\ \hline & \\ \hline 20 & \\ \hline 21 & \\ \hline 22 & \\ \hline 23 & \\ \hline & \\ \hline 26 & \\ \hline Schedule 1 (Form 1040) 2022 \\ \hline \end{tabular} Part I Additional Income 1 Taxable refunds, credits, or offsets of state and local income taxes 2a Alimony received b Date of original divorce or separation agreement (see instructions): 3 Business income or (loss). Attach Schedule C 4 Other gains or (losses). Attach Form 4797 5 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 6 Farm income or (loss). Attach Schedule F 7 Unemployment compensation 8 Other income: a Net operating loss b Gambling c Cancellation of debt d Foreign earned income exclusion from Form 2555 e Income from Form 8853 f Income from Form 8889 g Alaska Permanent Fund dividends h Jury duty pay i Prizes and awards j Activity not engaged in for profit income k Stock options I Income from the rental of personal property if you engaged in the rental for profit but were not in the business of renting such property m Olympic and Paralympic medals and USOC prize money (see instructions) n Section 951(a) inclusion (see instructions) o Section 951A(a) inclusion (see instructions) p Section 461(1) excess business loss adjustment q Taxable distributions from an ABLE account (see instructions) r Scholarship and fellowship grants not reported on Form W-2 s Nontaxable amount of Medicaid waiver payments included on Form 1040, line 1a or 1d t Pension or annuity from a nonqualifed deferred compensation plan or a nongovernmental section 457 plan u Wages earned while incarcerated z Other income. List type and amount: 9 Total other income. Add lines 8 a through 8z 10 Combine lines 1 through 7 and 9 . Enter here and on Form 1040, 1040-SR, or 1040NR, line 8