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Please help me fill out the 2 0 2 2 1 0 4 0 form ASAP. Thanks in advance! Kelly and Chanelle Chambers, ages 4

Please help me fill out the 20221040 form ASAP. Thanks in advance! Kelly and Chanelle Chambers, ages 47 and 45, are married and live at 584 Thoreau Drive,
Boston, MA 59483. Kellys Social Security number is 111-11-1111 and Chanelles is 222-22-2222. The Chambers have two children: Emma, age 23, and Chet, age 19. Their Social
Security numbers are 333-33-3333 and 444-44-4444, respectively. Emma is a single
college student and earned $8,000 during the summer. Kelly and Chanelle help Emma
through school by paying for her room, board, and tuition. Emma lives at home during
the summer. Chet has a physical handicap and lives at home. He attends a local university.
and earned $4,000 working for a marketing firm. In sum, Kelly and Chanelle provide.
more than 50% of both Emmas and Chets total support for the year.
Kelly is a commercial pilot for a small airline. His salary is $95,000, from which.
$19,000 of federal income tax and $8,000 of state income tax were withheld. Kelly also
pays premiums for health, disability, and life insurance. $2,000 of the premium was for
health insurance, $250 for disability, and $400 for life insurance.
Chanelle owns Alliance Networks, a proprietorship that does network consulting.
During the year, Chanelles gross revenues were $23,000. She incurred the following expenses in her business:
Liability insurance $700
Software rental 5,400
Journals and magazines 150
Training seminars 1,200
Supplies 1,300
Donations to a political campaign fund 800 Kelly enjoys playing guitar and plays in a band. Kellys band has developed a local following. This year, his gross revenues were $1,200 for playing shows and $700 on CD.
sales. He incurred the following expenses:
Studio rent expense $1,300.
Sound system repairs 200
CD production 500
New guitar and amplifier 800
Kellys father passed away during the year. Kelly and Chanelle received $100,000 from
the life insurance policy. Neither Kelly nor Chanelle paid any of the premiums.
Chanelle purchased 100 shares of Thurston Co. stock on May 1,1993, for $1,000.
Thurston Co. was declared bankrupt during the current year.
Chets physician recommended that he see a physical therapist to help with his dis-ability. Kelly paid the therapist $7,000 during the year because his insurance would not.
cover the bills.
Kelly and Chanelle went to Las Vegas and won $5,000 at the blackjack table. The next
night, they lost $6,000.
Kelly and Chanelle gave $900 to their church, and, during the year, they had the following other income and expenses:
Real estate taxes $1,400
Property taxes on car (determined by value)500.
Home mortgage interest 12,000
Credit card finance charges 2,600
Tax return preparation fees ($600 is allocable to Chanelles business)1,000.
Sales tax on purchases during the year 6,200
Interest from a savings account 800
Interest from City of Boston Bonds 700.
Dividend from 3M stock 400
Prepare Kelly and Chanelles tax return Form 10402022 and Schedules A, B, C, D.

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