Seeley and Temperance Booth are married and file a joint return. Their Social Security numbers are 000-00- 1111 and 000-00-2222, respectively. Sealy and Temperance have one daughter, Christine, age 5, and one son, Hank, age 2. Christine's Social Security number is 000-00-3333 and Hank's is 000-00-4444. They live at 1212 Jefferson Dr, Bethesda, MD 20810. During 2021, they report the following items: Salary from W-2 (Sealy - $74,000; Temperance $132,000) Federal tax withheld $206,000 19,000 State tax withheld 12,360 Interest income from money market accounts 1,900 Qualified dividend income from Reichs Corp. stock 3,700 Cash contributions to charity 9,000 Rental of a condominium in Annapolis: Rental income (75 days) 15,000 7,000 5,200 1,700 2,300 25 Interest Expense Property taxes Maintenance Insurance Days of personal use The address of the condo is 3737 S Figueroa St, Annapolis, MD 21401. It was purchased in 2008 for $200,000. During the year the following events also occur: a. They received a state tax refund of $600. Their total itemized deductions in 2020 were $42,792. b. On June 20, 2021, Temperance sells 400 shares of Sweets Corporation stock for $20,000. She purchased the stock on December 12, 2009 for $22,000. c. On September 19, 2021, Seeley discovers that the 4,000 shares of penny stock of Parker, Inc. he purchased on January 2 of the prior year is completely worthless. He paid $6,300 for the stock. d. Instead of accepting the $60 the utility store offers for their old dishwasher, they donate it to Goodwill on November 21, 2021. They purchased the dishwasher for $750 on March 30, 2014. The new dishwasher costs $900. e. They purchased the residence at 1212 Jefferson Dr on April 15, 2021 for $350,000. As part of the closing costs, they pay two points on the mortgage, which is interest rather than loan processing fees. This payment enables them to obtain a more favorable interest rate for the term of the loan. They also paid $8,400 in mortgage interest and $4,100 in property taxes on their personal residence.