Please help.Thanks a lot.Please complete all forms, including the 1040.

57. Tax Computation Problem Cecil c. Seymour is a 64-year-old widower. He had income for 2022 as follows: The cost of the annuity was $46,800, and Cecil was expected to receive a total of 260 monthly payments of $450. Cecil has received 22 payments through 2022. Cecil's 40-year-old daughter, Sarah C. Seymour, borrowed $60,000 from Cecil on January 2, 2022. She used the money to start a new business. Cecil does not charge her interest because she cannot afford to pay it, but he does expect to collect the principal eventually. Sarah is living with Cecil until the business becomes profitable. Except for housing, Sarah provides her own support from her business and $1,600 in dividends on stocks that she inherited from her mother. Other relevant information is presented below. Expenses on rental townhouse: State income taxes paid: $3,500 County personal property taxes paid: $3,100 Payments on estimated 2022 Federal income tax: $5,900 Charitable contributions of cash to Alto Baptist Church: $7,400 Federal interest rate: 4% Sales taxes paid: $912 Compute Cecil's 2022 Federal income tax payable (or refund due). 040 Department of the Treasury-Internal Revenue Service Individual Income Tax Return OMB No. 1545-0074 IRS Use Only-Do not write or staple in this space. \begin{tabular}{ll} \hline Digital & At any time during 2022, did you: (a) receive (as a reward, award, or payment for property or services); or (b) sell, \\ Assets & exchange, gift, or otherwise dispose of a digital asset (or a financial interest in a digital asset)? (See instructions.) Yes No \\ \hline Standard & Someone can claim: You as a dependent Your spouse as a dependent \\ Deduction & Spouse itemizes on a separate return or you were a dual-status alien \end{tabular} Age/Blindness You: Were born before January 2, 1958 Are blind Spouse: Was born before January 2, 1958 Is blind Dependents (see instructions): (2) Social security (3) Relationship (4) Check the box if qualifies for (see instructions): If more (1) First name than four see instructions and check here For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11320B Form 1040(2022) Form 1040(2022) Page 2 Third Party Do you want to allow another person to discuss this return with the IRS? See Designee instructions Yes. Complete below. No Designee's Personal identification name number (PIN) Go to www.irs.gov/Form 1040 for instructions and the latest information. Form 1040(2022) 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 . . . 88I m Olympic and Paralympic medals and USOC prize money (see instructions) n Section 951(a) inclusion (see instructions) - Section 951A(a) inclusion (see instructions) p Section 461(l) 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: Schedule 1 (Form 1040) 2022 Page 2 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 . 19a Alimony paid 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) . . . . . . . . . . . . . . . . . . 242 b Deductible expenses related to income reported on line 81 from the rental of personal property engaged in for profit . . . . . . . . . 24b c Nontaxable amount of the value of Olympic and Paralympic medals and USOC prize money reported on line 8m. d Reforestation amortization and expenses . . . . . . . . . . . . ... Act of 1974 . h Attorney fees and court costs for actions involving certain unlawful discrimination claims (see instructions) . . . . . . . . . . . . . 24h 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 k Excess deductions of section 67(e) expenses from Schedule K-1 (Form 1041) z Other adjustments. List type and amount: Interest 8 Home mortgage interest and points. If you didn't use all of your home You Paid mortgage loan(s) to buy, build, or improve your home, see Caution: Your mortgage interest instructions and check this box . . . . . . . . . . . . . . . . deduction may be a Home mortgage interest and points reported to you on Form 1098. limited. See See instructions if limited . . . . . . . . . . . . . . . . instructions. b Home mortgage interest not reported to you on Form 1098. See instructions if limited. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address c Points not reported to you on Form 1098. See instructions for special rules d Reserved for future use e Add lines 8 a through 8c . . . . . . . . . . . . . . . . . . 9 Investment interest. Attach Form 4952 if required. See instructions. Part I Income or Loss From Rental Real Estate and Royalties Note: If you are in the business of renting personal property, use Schedule C. See instructions. If you are an individual, report farm rental income or loss from Form 4835 on page 2, line 40. 1a Physical address of each property (street, city, state, ZIP code) Type of Property: \begin{tabular}{lll} \hline For Paperwork Reduction Act Notice, see the separate instructions. & Cat. No. 11344L & Schedule E (Form 1040) 2022 \end{tabular} Schedule E (Form 1040) 2022 Attachment Sequence No. 13 Page 2 Name(s) shown on return. Do not enter name and social security number if shown on other side. Your social security number Caution: The IRS compares amounts reported on your tax return with amounts shown on Schedule(s) K1. Part II Income or Loss From Partnerships and S Corporations Note: If you report a loss, receive a distribution, dispose of stock, or receive a loan repayment from an S corporation, you must check the box in column (e) on line 28 and attach the required basis computation. If you report a loss from an at-risk activity for which any amount is not at risk, you must check the box in column (f) on line 28 and attach Form 6198. See instructions. 27 Are you reporting any loss not allowed in a prior year due to the at-risk or basis limitations, a prior year unallowed loss from a passive activity (if that loss was not reported on Form 8582), or unreimbursed partnership expenses? If you answered "Yes," 30 Add columns (h) and (k) of line 29a 31 Add columns (g), (i), and (j) of line 29b. 32 Total partnership and S corporation income or (loss). Combine lines 30 and 31 . . . . . . . 32 Part III Income or Loss From Estates and Trusts 33AB (a) Name (b) Employer identification number Passive Income and Loss Nonpassive Income and Loss (f) Other income from Schedule K-1 Part IV Income or Loss From Real Estate Mortgage Investment Conduits (REMICs)-Residual Holder 38 (a) Name 3 \begin{tabular}{ll|l} \hline 39 Combine columns (d) and (e) only. Enter the result here and include in the total on line 41 below & 39 \end{tabular} Part V Summary 40 Net farm rental income or (loss) from Form 4835. Also, complete line 42 below . . . . . . . . . . . 440 41 Total income or (loss). Combine lines 26,32,37,39, and 40 . Enter the result here and on Schedule 1 (Form 1040), line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 42 Reconciliation of farming and fishing income. Enter your gross farming and fishing income reported on Form 4835, line 7; Schedule K-1 (Form 1065), box 14, code B; Schedule K-1 (Form 1120-S), box 17, code AD; and Schedule K-1 (Form 1041), box 14, code F. See instructions . 43 Reconciliation for real estate professionals. If you were a real estate professional (see instructions), enter the net income or (loss) you reported anywhere on Form 1040, Form 1040-SR, or Form 1040-NR from all rental real estate activities in which you materially participated under the passive activity loss rules . . . . . . . . . . . 43 Schedule E (Form 1040) 2022