Q1. Taxpayer ("TP") works full-time as a TV news anchor. In 2021 they also became a limited partner in a horse racing business where they invested $50,000 (paid for in $20,000 cash from savings and a $30,000 recourse loan) where they will only participate approximately 250 hours per year in the business. They also enjoy collecting classic books, and even sell a few for fun. TP also has a side-business in their home where they write and publish biographies. TP has a 250 square foot space in their basement dedicated to publishing their books. TP provides the following information to you for their 2022 federal income tax return. Specifically address every transaction, and do not forget to use relevant statues and to provide a short description of your characterization. Be sure to use (parenthesis) for expenses and negative numbers. A. Wages of $100,000; a 2021 bonus of $10,000 that will be paid in early April 2022; a gym club membership that is on-premises that is available to the public for $500/year; B. $5,000 watch received as a birthday gift; C. $10,000 received as a university speaking fee as an author; D. TP attended an author's convention and received $500 in back massages as a fee; E. $13,000 profit allocated to TP from the horse partnership; F. $25,000 received in classic book sales (which cost TP $15,000 to purchase); G. Purchased 10 shares of Apple Inc. stock on 03/01/2021 for $1,000 with a brokerage fee of $150; H. Google Inc. stock dividend received when the stock is worth $200 per share;