Skylar and Walter Black have been married for 25 years. They live at 883 Scrub Brush Street, Apt. 52B, Las Vegas, NV 89125. Skylar is a stay-at-home parent and Walt is a high school teacher. Skylars Social Security number is 222-43-7690 and Walts is 700-01-0002. Neither are age 65 or older. The Blacks provide all the support for Skylars mother, Rebecca Backin (Social Security number 411-66-2121), who lives in a nursing home in Reno, NV, and has no income. Walters father, Alton Black (Social Security number 343-22-8899), lives with the Blacks in Las Vegas. Although Alton received Social Security benefits of $7,600 in 2021, the Blacks provide over half of Altons support. Skylar and Walt claim a $500 other dependent credit each for Rebecca and Alton. Walts earnings from teaching are:

The Blacks moved from Maine to Nevada. As a result, they sold their house in Maine on January 4, 2021. They originally paid $75,000 for the home on July 3, 1996, but managed to sell it for $598,000. They spent $14,000 on improvements over the years. They are currently renting in Las Vegas while they look for a new home. The Blacks received the following 1099-DIV from their mutual fund investments:

The Blacks own a ski condo located at 123 Buncombe Lane, Brian Head, UT 84719. The condo was rented for 184 days during 2021 and used by the Blacks for 16 days. The rental activity does not rise to the level to qualify for the QBI deduction. Pertinent information about the condo rental is as follows:

The above amounts do not reflect any allocation between rental and personal use of the condo. The Blacks are active managers of the condo. The Blacks received a $5,600 EIP in 2021. Required: Complete the Blacks federal tax return for 2021. Use Form 1040, Schedule 1, Schedule D, Form 8949, Schedule E (page 1 only), Form 8582 (page 1 only) and the Qualified Dividends and Capital Gain Tax Worksheet to complete their tax return.

a Employee's social security number 700-01-0002 b Employer identification number (EIN) 31-1239867 c Employer's name, address, and ZIP code Las Vegas School District 2234 Vegas Valley Drive Las Vegas, NV 89169 d Control number e Employee's first name and initial Last name Walter Black 883 Scrub Brush Street, Apt. 52B Las Vegas, NV 89125 1 Employee's address and ZIP code 15 State Employer's state ID number NV Form W-2 Wage and Tax Statement Copy B-To Be Filed With Employee's FEDERAL Tax Return. This information is being furnished to the Internal Revenue Service. Safe, accurate, sefile www.rs.gov.letle 1 Wages, tips, other compensation 2 Federal income tax withheld 54,500.00 3,100.00 3 Social security wages 54,500.00 4 Social security tax withheld 3,379.00 6 Medicare tax withheld 5 Medicare wages and tips 54,500.00 790.25 7 Social security tips 8 Allocated tips 10 Dependent care benefits Suff. 11 Nonqualified plans 12a See Instructions for box 12 DD 7,900.00 13 Sty employe Pant pla 12b X 14 Other 12c 120 18 Local wages, tips, etc. 19 Local Income tax CMB No 1545-0009 FAST! Use 16 State wages, tips, etc. 17 State Income tax 2021 Visit the IRS website at Third-party nick phy 20 Locality name Department of the Treasury-Intemal Revenue Service CORRECTED (if checked) OMB No. 1545-0110 PAYER'S name, street address, city or town, state or province, country, ZIP 1a Total ordinary dividends or foreign postal code, and telephone no. 1,414.00 $ Cyber Equities Fund 41 Wall Street 2021 Dividends and Distributions 1b Qualified dividends New York, NY 10005 1,214.00 $ Form 1099-DIV 2b Unrecap, Sec. 1250 gain 2a Total capital gain distr. 6,700.00 $ $ Copy B For Recipient PAYER'S TIN RECIPIENT'S TIN 2d Collectibles 28%) gain 2c Section 1202 gain $ $ 17-1234326 222-43-7690 2e Section 897 ordinary dividends 21 Section 897 capital gain $ $ RECIPIENT'S name 3 Nondividend distributions 4 Federal Income tax withheld Skylar B. Black $ 5 Section 199A dividends 6 Investment expenses This is important tax Information and is being furnished to the IRS. If you are required to file a return, a negligence Street address (including apt. no.) $ $ 7 Foreign tax paid 883 Scrub Brush St. #52B 8 Foreign country or U.S. possession City or town, state or province, country, and ZIP or foreign postal code $ penalty or other sanction may be Imposed on you if this income is taxable and the IRS determines that it has Las Vegas, NV 89125 9 Cash liquidation distributions 10 Noncash liquidation distribution $ not been reported. FATCA filling 11 Exempt-interest dividends 12 Specified private activity requirement bond interest dividends $ Account number (see Instructions) 13 State 14 Sut idanification no. 15 State tax withheld $ Form 1099-DIV www.lrs.gov/Form1099DV Department of the Treasury - Intemal Revenue Service (keep for your records) Rental income Mortgage interest reported on Form 1098 Homeowners' association dues Utilities Maintenance Depreciation (assume fully depreciated) $25,000 16,000 5,200 3,400 6,600 0 a Employee's social security number 700-01-0002 b Employer identification number (EIN) 31-1239867 c Employer's name, address, and ZIP code Las Vegas School District 2234 Vegas Valley Drive Las Vegas, NV 89169 d Control number e Employee's first name and initial Last name Walter Black 883 Scrub Brush Street, Apt. 52B Las Vegas, NV 89125 1 Employee's address and ZIP code 15 State Employer's state ID number NV Form W-2 Wage and Tax Statement Copy B-To Be Filed With Employee's FEDERAL Tax Return. This information is being furnished to the Internal Revenue Service. Safe, accurate, sefile www.rs.gov.letle 1 Wages, tips, other compensation 2 Federal income tax withheld 54,500.00 3,100.00 3 Social security wages 54,500.00 4 Social security tax withheld 3,379.00 6 Medicare tax withheld 5 Medicare wages and tips 54,500.00 790.25 7 Social security tips 8 Allocated tips 10 Dependent care benefits Suff. 11 Nonqualified plans 12a See Instructions for box 12 DD 7,900.00 13 Sty employe Pant pla 12b X 14 Other 12c 120 18 Local wages, tips, etc. 19 Local Income tax CMB No 1545-0009 FAST! Use 16 State wages, tips, etc. 17 State Income tax 2021 Visit the IRS website at Third-party nick phy 20 Locality name Department of the Treasury-Intemal Revenue Service CORRECTED (if checked) OMB No. 1545-0110 PAYER'S name, street address, city or town, state or province, country, ZIP 1a Total ordinary dividends or foreign postal code, and telephone no. 1,414.00 $ Cyber Equities Fund 41 Wall Street 2021 Dividends and Distributions 1b Qualified dividends New York, NY 10005 1,214.00 $ Form 1099-DIV 2b Unrecap, Sec. 1250 gain 2a Total capital gain distr. 6,700.00 $ $ Copy B For Recipient PAYER'S TIN RECIPIENT'S TIN 2d Collectibles 28%) gain 2c Section 1202 gain $ $ 17-1234326 222-43-7690 2e Section 897 ordinary dividends 21 Section 897 capital gain $ $ RECIPIENT'S name 3 Nondividend distributions 4 Federal Income tax withheld Skylar B. Black $ 5 Section 199A dividends 6 Investment expenses This is important tax Information and is being furnished to the IRS. If you are required to file a return, a negligence Street address (including apt. no.) $ $ 7 Foreign tax paid 883 Scrub Brush St. #52B 8 Foreign country or U.S. possession City or town, state or province, country, and ZIP or foreign postal code $ penalty or other sanction may be Imposed on you if this income is taxable and the IRS determines that it has Las Vegas, NV 89125 9 Cash liquidation distributions 10 Noncash liquidation distribution $ not been reported. FATCA filling 11 Exempt-interest dividends 12 Specified private activity requirement bond interest dividends $ Account number (see Instructions) 13 State 14 Sut idanification no. 15 State tax withheld $ Form 1099-DIV www.lrs.gov/Form1099DV Department of the Treasury - Intemal Revenue Service (keep for your records) Rental income Mortgage interest reported on Form 1098 Homeowners' association dues Utilities Maintenance Depreciation (assume fully depreciated) $25,000 16,000 5,200 3,400 6,600 0