RequiredUse the following information to complete Gustavo Garcia's $2023$ federal income tax return If information is missing, use reasonable assumptions to fill in the gaps.You may need the following forms and schedules to complete the assignment: Form $1040,$ Schedule A if the itemized deductions are higher than the standard deduction, Schedule B$,$ Schedule D$,$ Form $8949,$ and possibly others. The forms, schedules, and instructions can be found in 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 in the TR Checkpoint library for additional line by line instructions.Facts:$1.$ Gustavo Garcia $($unmarried$)$ is employed as a Graphic Designer at the PortSide Press in El Paso, TX$.$Gustavo provided the following additional information:$*$ Gustavo Garcia lives at $4554$ Portofino Dr$,$ El Paso, TX $79904.*$ Gustavo's birthday is $8/6/1949$ and his Social Security number is $425-87-3381.*$ Gustavo does not have any foreign bank accounts or trusts, nor did he have any transactions with virtual currency.$*$ Do not consider AMT tax for the tax return$1.$ Gustavo received Form W$-2$ from PortSide Press. See W$-2$ attached$\mathrm{.}2.$ Gustavo received $$886$ municipal bond interest income from City of Laredo Bonds, $$2,565$ in interest income from Western States Bank and $$193$ in interest from Heritage Bank. He also received a $$5,280$ dividend from Tumble Corp. and a $$2,232$ dividend from Howling Inc. $$4,000$ of these dividends were Qualified Dividends$\mathrm{.}3.$ Gustavo sold some of his stock portfolio to make other investments. He sold $700$ shares of Purple Sage stock for $$67$ a share on May $16,2023.$ He purchased the stock on June $24,2001,$ for $$48$ a share. There was a commission charge of $$104$ on the sale of these shares. He also sold $2,280$ shares of Zane Inc stock for $$14$ a share on May $20,2023.$ He purchased the stock for $$58$ a share on December $2,2009.$ Both of these sales were not reported to him on a $1099-4.$ The following is a record of the medical expenses that Gustavo paid duringthe year. The amounts reported are amounts he paid in excess of any insurance reimbursements.Health Insurance premiumsPrescription medicationsOver$-$the$-$counter medicationsDoctor and dentists visitsEyeglasses$$4,2672,8171,2012,248720$During the year, Gustavo paid $$6,980$ of mortgage interest during the year to Bisbee Mortgage.Additionally, he paid $$8,288$ in real estate property taxes on his home, $$3,133$ real estate property taxes on a cabin he owns in Hillsboro, NM$,$ and $$1,100$ on real estate property taxes on land in Culberson County, TX$.$Gustavo paid $$2,172$ in Texas sales tax this year. He has kept all his receipts$\mathrm{.}1.$ Gustavo had a casualty loss from his home from broken pipes during a freeze of $$5,670\mathrm{.}2.$ Gustavo likes to bet on basketball pools at his work. He lost this year and had gambling losses for the year of $$2,0803.$ Gustavo contributed cash of $$3,428$ to the Community Church during the year. Community Church's address is $333$ Narrow Way, El Paso, TX $79905.$ He has receipts.