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Tax return problem for Paul and Donna Decker, in 2022 You will need to file Form 1040, Sch. 1, and Sch. A Adjusted gross income

Tax return problem for Paul and Donna Decker, in 2022

You will need to file Form 1040, Sch. 1, and Sch. A

Adjusted gross income is 133,770

Itemized deductions: 29,791

Taxable income: 103,979

Tax: 13,847 (note: long-term capital gain is subject to 15% tax rate)

tax withheld: 13400

dependent credits: 1500

Refund: 1105

Please fill out the tax form below with the given information above. Thank you!

image text in transcribedimage text in transcribed

Part I Additional Income 1 Taxable refunds, credits, or offsets of state and local income taxes. 2a Alimony received. b Date of original divorce or separation agreement (see instructions) 3 Business income or (loss). Attach Schedule C 4 Other gains or (losses). Attach Form 4797 . 5 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 6 Farm income or (loss). Attach Schedule F 7 Unemployment compensation . 8 Other income: a Net operating loss............... b Gambling income................... c Cancellation of debt. d Foreign earned income exclusion from Form 2555 e Taxable Health Savings Account distribution . . . . . . . . f Alaska Permanent Fund dividends . . . . . . . . . . . . g Jury duty pay................. h Prizes and awards \begin{tabular}{|c|l} \hline 1 & \\ \hline 2a & \\ \hline & \\ \hline 3 & \\ \hline 4 & \\ \hline & \\ \hline \end{tabular} i Activity not engaged in for profit income j Stock options k Income from the rental of personal property if you engaged in the rental for profit but were not in the business of renting such property I Olympic and Paralympic medals and USOC prize money (see instructions) . . . . . . . . . . . . . . . . . . . m Section 951(a) inclusion (see instructions) . n Section 951A(a) inclusion (see instructions) . . . . . . . . o Section 461(l) excess business loss adjustment . . . . . . . . p Taxable distributions from an ABLE account (see instructions) . z Other income. List type and amount 9 Total other income. Add lines 8 a through 8z. 10 Combine lines 1 through 7 and 9. Enter here and on Form 1040, 1040-SR, or \begin{tabular}{|l|l} \hline 5 & \\ \hline 6 & \\ \hline 7 & \\ \hline & \\ \hline \end{tabular} Schedule 1 (Form 1040) 2021 Page 2 Part II Adjustments to Income Part I Additional Income 1 Taxable refunds, credits, or offsets of state and local income taxes. 2a Alimony received. b Date of original divorce or separation agreement (see instructions) 3 Business income or (loss). Attach Schedule C 4 Other gains or (losses). Attach Form 4797 . 5 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 6 Farm income or (loss). Attach Schedule F 7 Unemployment compensation . 8 Other income: a Net operating loss............... b Gambling income................... c Cancellation of debt. d Foreign earned income exclusion from Form 2555 e Taxable Health Savings Account distribution . . . . . . . . f Alaska Permanent Fund dividends . . . . . . . . . . . . g Jury duty pay................. h Prizes and awards \begin{tabular}{|c|l} \hline 1 & \\ \hline 2a & \\ \hline & \\ \hline 3 & \\ \hline 4 & \\ \hline & \\ \hline \end{tabular} i Activity not engaged in for profit income j Stock options k Income from the rental of personal property if you engaged in the rental for profit but were not in the business of renting such property I Olympic and Paralympic medals and USOC prize money (see instructions) . . . . . . . . . . . . . . . . . . . m Section 951(a) inclusion (see instructions) . n Section 951A(a) inclusion (see instructions) . . . . . . . . o Section 461(l) excess business loss adjustment . . . . . . . . p Taxable distributions from an ABLE account (see instructions) . z Other income. List type and amount 9 Total other income. Add lines 8 a through 8z. 10 Combine lines 1 through 7 and 9. Enter here and on Form 1040, 1040-SR, or \begin{tabular}{|l|l} \hline 5 & \\ \hline 6 & \\ \hline 7 & \\ \hline & \\ \hline \end{tabular} Schedule 1 (Form 1040) 2021 Page 2 Part II Adjustments to Income

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