Required

Use the following information to complete Darlene Gilette's $2022$ federal income tax return If

information is missing, use reasonable assumptions to fil ni the gaps.

You may need the folowing forms and schedules ot complete the assignment: Form $1040,$ Schedule $1,$ Schedule $3,$ Schedule A$,$ Schedule B$,$ Schedule D$,$ Schedule E$,$ Form $8949,$ Form $2441,$ Form $8812$ and possibly others. The forms, schedules, and instructions can be found ni the Blackboard course under instructor resources or at the IRS Web site $($www$.$irs.gov$).$ The instructions for the forms can be helpful and can be found on the IRS website. Also, use Form Finder ni the TR Checkpoint library for additional line by line instructions.

Facts:

$1.$ Darlene Gilette $($unmarried$)$ is employed as a Publisher at the main office of Writer's Guild Press. Darlene lives ni a home she purchased $25$ years ago with her daughter Lisa Gilete and Darlene's older sister Nancy Milkin for the entire year. Nancy si disabled and received $$4,150$ of income this year housesitting for neighbors. Nancy si able to save these funds because

L s a i s i i l mi t e s t u d e n t a t T e n i n e r S o p h o m o e r p r s h e a l t s e l s c r a t a f r d e F a t m e r s Market, and ni $202$ earned $$7,900.$

Darlene provided the folowing additional information:

: Darenesbirthdays$8/61970$andherSecalcartynumbers$425-87-381$

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Nancy's birthday is $6/30/1969$ and her Social Security number is $446-12-8901.$

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Lisa's birthday is $12/12/2003$ and her Social Security number si $424-65-5554.$

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Darlene does not have any foreign bank accounts or trusts, nor did she have any transactions with virtual currency.

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A$$500$ nonrefundable credit for other dependents is available for each qualifying dependent over the age of $17($line $19$ Form $1040).$ You wil need to use Schedule $8812.$

$2.$ Darlene received Form W$-2$ from Writer's Guild Press $($her employer$)$ that is attached.

$3.$nterestIncomefromWeterStatesBarkandi $06$inIntereTromLeopleBant,shea$25$ received a $$6,782$ dividend from The Raven Corp. and a $$2,009$ dividend from Seven Gables

Inc. Both dividends were qualified dividends.

$4.$ Darlene sold some of her stock portfolio to pay for welding classes for Lisa. She sold $2,900$ shares of SleepyHollow stock for $$54$ a share on April $14,2022.$ She purchased the stock on June $2,2003,$ for $$32$ a share. There was a commission charge of $$176$ on the sale of these shares. She also sold $3,200$ shares of Copperfield stock for $$16$ a share on May $20,2022.$ She purchased the stock for $$63$ a share on February $2,2011.$ Both of these sales were not reported to her on a $1099-$B$.$