Prepare the $2023$ federal income tax return for Harry and Jenny Pottermore Review and prepare a joint Form $1040($Federal Income Tax return$)$ with all appropriate schedules for the $2023$ tax return.

Fill in and complete Schedule$-$A even if there are no itemized deduction. If they are not itemizing then use the standard deduction.

This is to be done the old fashion way by hand.

You may assume that alternative minimum tax $($AMT$)$ equals zero, and that they do not qualify for the earned income credit.

Calculate tax due based on the $2023$ rate schedules provided in the book or handouts. Also, remember to use whole dollars on your forms $($no pennies!$).$

You are only required to prepare the federal income tax return. You do not have to prepare a state taxreturn, or a return for any other type of tax.

It is to be done on the $2023$ tax forms and use the $2023$ tax rates Be sure to include only required tax forms when completing the tax return. Also, ignore the requirement to attach the Form$($s$)$ W$-2$ to the front page of the Form $1040.$ If required information is missing, use reasonable assumptions to fill in the gaps.

They provided the following information for $2023$:

$$ Harry's Social Security number is $121-07-6969$

$$ Jenny's Social Security number is $010-11-1213$

$$ Their son Albus's social security number $242-22-6161,$ date of birth $7/7/17$

$$ Their daughter Hermie's social security number $001-22-1728$ date of birth $10/17/21$

$$ Their mailing address is $1313$ Mockingbird Lane, Dismal Swamp, GA $33125$

They provided the following information:

Interest income of Middleton City Bond $($municipal bond$)-$ $$1500$

Life insurance proceeds on the death of her mother $-$$$157,000$

Harry also won the annual super bowl office pool for $-$ $ $2,000$

Harry lost money playing black jack in Atlantic City $-$ $ $1,875$

Harry has given you a file containing the following receipts for expenditures he made during the year:

Prescription medicine and drugs $($net of insurance reimbursement$)-$ $ $3,276$

Doctor and hospital bills $($net of insurance reimbursement$)-$$$2,468$

Penalty for underpayment of last year's state income tax $-$ $$15$

Real estate taxes on personal residence $-4762$

lnterest on home mortgage $($paid to Home State Savings & Loan$)10,250$

Interest on credit cards $($consumer purchases$)-595$

Cash contribution to St$.$ Matthew's church $-$ $$980$

Contributions to the United Way $-$ $$150$

Jenny made the following contributions this year:

$$ American Red Cross $-$ $ $1200$

$$ United Way $-150$

$$ St$.$ Joseph's Catholic Church $-8,000$

$$ Food for the family of Draco Mayfly $($a neighbor who suffered a tragic car accident this past year$)-225$

$$ Stock transfer to the University of South Carolina $($originally purchased for $$1,000$ in January $2006)$ on July I, $2023-7,000$

Jenny won $$15,000$ in the state lottery. She has been playing the lottery for years, spending $$10$ in lottery tickets every week $($$$520$ in total$)$ and is careful that she saves the old tickets to keep track of the numbers she plays. CORHECTED $($chocked$)$

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