Tax Return Project (2022 Return) Required: Use the following information to complete Paige Turner's 2022 federal income tax return. If any information is missing, use reasonable assumptions to fill in the gaps. Facts: 1. Paige Turner is single and has two children from her previous marriage. Ali lives with Paige, and Paige provides more than half of her support. Leif lives with his father, Will (Leif lived with Will for all of 2022). Will provides more than half of Leif's support. Paige provides you with the following additional information: She uses the cash method of accounting and a calendar year for reporting. She wishes to contribute to the presidential election campaign. Paige lives at 523 Essex Street, Bangor, Maine 04401. Paige's birthday is May 31, 1984. O O O O O O O Ali's birthday is October 5, 2013. Leif's birthday is December 1, 2011. Paige's Social Security number is 007-11-4727. Ali's Social Security number is 005-11-7232. Leif's Social Security number is 004-22-3419. Will's Social Security number is 006-33-6333. She does not have any foreign bank accounts or trusts. 2. Paige is employed as a nuclear engineer with Atom Systems Consultants, Inc. (ASCI). ASCI's federal employer identification number is 79-1234466. Paige's pay stubs indicate that she had $4,230 withheld in federal taxes, and $4,987 in state taxes, as well as the appropriate Social Security and Medicare taxes. ASCI has an extensive fringe benefits program for its employees. 3. Paige earned salary of $70,000 before subtracting her 401(k) and flexible spending plan contributions. She contributed $7,000 to her 401(k) account, and she contributed $2,500 to her flexible spending account. 4. ASCI paid $397 of whole life insurance premiums to cover Paige's personal whole life insurance policy. ASCI also paid health club dues of $1,220 to a nearby health club on Paige's behalf. 5. Taking advantage of ASCI's educational assistance program, during the fall Paige enrolled in two graduate engineering classes at a local college. ASCI paid her tuition, fees, and other course-related costs of $2,300. 6. Paige received free parking in the company's security garage that would normally cost $200 per month. 7. Paige manages the safety program for ASCI. In recognition of her superior handling of three potential crises during the year, Paige was awarded the Employee Safety Award on December 15. The cash award was $500. 8. On January 15, 2022, Paige's father died. From her father's estate, she received stock valued at $30,000 (his basis was $12,000) and her father's house valued at $90,000 (his basis in the house was $55,000). 9. Paige owns several other investments and in February 2023 received a statement from her brokerage firm reporting the interest and dividends earned on the investments for 2022: EXHIBIT A This is important tax information and is being furnished to the Internal Revenue Service. 1099-DIV Dividends and Distributions Entity Description Amount General Dynamics Ordinary/qualified dividends $300 1099-INT Interest Entity Description Amount New Jersey Economic Development (bonds) Interest $300 IBM Interest 700 State of Nebraska (bonds) Interest 700 1098 - Mortgage Interest Statement Entity Description Amount Sunbelt Credit Union Mortgage interest $7,100 Northeast Bank Mortgage interest 435 Form K-1 (preliminary) Entity Description Amount Grubstake Mining & Development Corp. Ordinary income Distribution $2,000 1,000 10. Paige owns 1,000 shares of Grubstake Mining & Development common stock. Grubstake is organized as an S corporation and has 100,000 shares outstanding (S corp. ID number 45-4567890). Grubstake reported taxable income of $200,000 and paid a distribution of $1.00 per share during the current year. Paige tells you that Grubstake typically does not send out its K-1 reports until late April. However, its preliminary report (see Exhibit A) has been consistent with the K-1 for many years. Paige does not materially participate in Grubstake's activities. 11. Paige slipped on a wet spot in front of a computer store last July. She broke her ankle and was unable to work for two weeks. She incurred $1,300 in medical costs, all of which were paid by the owner of the store. The store also gave her $1,000 for pain and suffering resulting from the injury. ASCI continued to pay her salary during the two weeks she missed because of the accident and also paid her $1,200 in disability pay for the time she was unable to work. Under its plan, ASCI pays the premiums for the disability insurance as a nontaxable fringe benefit. 12. Paige received a Form 1099-B from her broker for the sale of the following securities during 2022. The basis amounts were reported to the IRS. Security Nebraska state bonds Cassill Corp (500 shares) Sales Date 3/14/2022 10/20/2022 Purchase Date 10/22/2021 2/19/2022 Sales Price Basis $2,300 $1,890 $8,500 $9,760 13. In addition to the taxes withheld from her salary, Paige also made timely estimated federal tax payments of $175 per quarter and timely estimated state income tax payments of $150 for the first three quarters. The $150 fourth-quarter state payment was made on December 28, 2022. Paige would like to receive a refund for any overpayment. 14. Because of her busy work schedule, Paige was unable to provide her accountant with the tax documents necessary for filing her 2021 state and federal income tax returns by the due date (July 15, 2022). In filing her extension on July 13, 2022, she made a federal tax payment of $750. Her return was eventually filed on September 25, 2022. In November 2022, she received a federal refund of $180 and a state tax refund of $60. Her itemized deductions for 2021 were $12,430. 15. Paige found a renter for her father's house on August 1. The monthly rent is $400, and the lease agreement is for one year. The lease requires the tenant to pay the first and last months' rent and a $400 security deposit. The security deposit is to be returned at the end of the lease if the property is in good condition. On August 1, Paige received $1,200 from the tenant per the terms of the lease agreement. In McGraw Hill LLC. All rights reserved. No reproduction or distribution without the prior written consent of McGraw Hill LLC. November, the plumbing froze and several pipes burst. The tenant had the repairs made and paid the $300 bill. In December, he reduced his rental payment to $100 to compensate for the plumbing repairs. Paige provides you with the following additional information for the rental in 2022: Property taxes Other maintenance expenses $770 285 Insurance expense 495 350 ? Management fee Depreciation (to be computed) 16. The rental property is located at 35 Harvest Street, Orono, Maine 04473. Local practice is to allocate 12 percent of the fair market value of the property to the land. (See item #8.) Paige makes all decisions with respect to the property. 17. Paige paid $2,050 in real estate taxes on her principal residence. The real estate tax is used to pay for town schools and other municipal services. 18. Paige drives a 2020 Acura TL. Her car registration fee (based on the car year) is $50 and covers the period 1/1/2022 through 12/31/2022. In addition, she paid $280 in personal property tax to the state based on the fair market value of the car. 19. In addition to the medical costs presented in item #11, Paige incurred the following unreimbursed medical costs: Dentist $ 310 Doctor 390 Prescription drugs 205 Over-the-counter drugs 140 Optometrist 125 Emergency room charges 440 LASIK eye surgery Chiropractor 6,000 265 20. On March 1, Paige took advantage of low interest rates and refinanced her $75,000 home mortgage with her original lender. Paige purchased the home in 2020. The new home loan is for 15 years. She paid $215 in closing costs and $1,500 in discount points (prepaid interest) to obtain the loan. The house is worth $155,000 and Paige's basis in the house is $90,000. As part of the refinancing arrangement, she also obtained a $10,000 home-equity loan. She used the proceeds from the home-equity loan to reduce the balance due on her credit cards. Paige received several Form 1098 statements from her bank for interest paid by her in 2022. Details appear below (also see Exhibit A): Primary home mortgage Home-equity loan Credit cards $7,100 435 498 390 Car loan 21. On May 14, 2022, Paige contributed clothing to the Salvation Army. The original cost of the clothing was $740. She has substantiation valuing the donation at $360. The Salvation Army is located at 350 Stone Ridge Road, Bangor, Maine 04401. In addition, she made the following cash contributions and received a statement from each of the following organizations acknowledging her contribution: Larkin College $850 United Way 125 First Methodist Church 790 Amos House (homeless shelter) 200 Local Chamber of Commerce 100 22. Paige sells real estate in the evening and on weekends (considered an active trade or business). She runs her business from a rental office she shares with several other realtors (692 River Road, Bangor, Maine 04401). The name of her business is Turner Real Estate and the federal identification number is 05- 8799561. Her business code is 531210. Paige has been operating in a business-like way since 2008 and has always shown a profit. She had the following income and expenses from her business: Commissions earned $21,250 Expenses: Advertising 2,200 Real estate license Rent Utilities 130 6,000 695 23. Paige uses her 2020 Acura TL in her business. During 2022, she properly documented 6,000 business miles. The total mileage on her car (i.e., for both business and personal use) during the year was 15,000 miles (including 200 miles commuting to and from the real estate office). In 2022, Paige elects to use the standard mileage method to calculate her car expenses. Assume the same number of miles were driven each month of 2022. She also spent $45 on tolls and $135 on parking related to the real estate business. 24. Paige did not buy, sell, exchange, or otherwise dispose of any financial interest in any virtual currency. Hints for tax project: 1. 2. This is a 2022 return, not 2023. We are using 2023 on exams. Do schedules first before the 1040. 4. Rental business goes on Sch C. 3. Rental property information goes on Sch E. 5. Personal (not business/rental) deductions go on Sch A. 6. S Corp info goes on the back of Sch E. 7. One of the charities is not qualified. 8. On the 1040 wages, make sure to subtract nontaxable fringe benefits and add taxable fringe benefits from the salary from being an employee. 9. For qualified business income calculation, use Sch C total minus 2 SE and S Corp income. 10. Use days out of 365 to calculate interest points on the Sch A. 11. In 2022, the standard mileage rate was 58.5 for the first 6 months and 62.5 for the last six months. Assume miles were spread equally over the year. 12. Check figure: AGI 72,658 13. For the tax calculation, use the tax tables in the instructions to the 1040. SCHEDULE A (Form 1040) Department of the Treasury Internal Revenue Service Itemized Deductions Go to www.irs.gov/ScheduleA for instructions and the latest information. Attach to Form 1040 or 1040-SR. Caution: If you are claiming a net qualified disaster loss on Form 4684, see the instructions for line 16. Name(s) shown on Form 1040 or 1040-SR OMB No. 1545-0074 2022 Attachment Sequence No. 07 Your social security number Medical and 1 Caution: Do not include expenses reimbursed or paid by others. Medical and dental expenses (see instructions) 1 Dental 2 Enter amount from Form 1040 or 1040-SR, line 11 2 Expenses 3 Multiply line 2 by 7.5% (0.075) . 3 4 Taxes You Paid Subtract line 3 from line 1. If line 3 is more than line 1, enter -0- . 5 State and local taxes. Interest You Paid Caution: Your mortgage interest deduction may be limited. See instructions. a State and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line 5a, but not both. If you elect to include general sales taxes instead of income taxes, check this box . b State and local real estate taxes (see instructions) c State and local personal property taxes d Add lines 5a through 5c . e Enter the smaller of line 5d or $10,000 ($5,000 if married filing separately) 6 Other taxes. List type and amount: 7 Add lines 5e and 6. 8 Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions and check this box a Home mortgage interest and points reported to you on Form 1098. See instructions if limited b Home mortgage interest not reported to you on Form 1098. See instructions if limited. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address. 5a 5b 5c 5d 5e 6 8a 8b c Points not reported to you on Form 1098. See instructions for special rules 8c d Reserved for future use 8d e Add lines 8a through 8c 8e 9 Investment interest. Attach Form 4952 if required. See instructions. 10 Add lines 8e and 9. 9 10 Gifts to Charity 11 Gifts by cash or check. If you made any gift of $250 or more, see instructions. 11 Caution: If you 12 made a gift and got a benefit for it, Other than by cash or check. If you made any gift of $250 or more, see instructions. You must attach Form 8283 if over $500. 12 see instructions. 13 Carryover from prior year 13 14 Add lines 11 through 13 14 Casualty and 15 Theft Losses Casualty and theft loss(es) from a federally declared disaster (other than net qualified disaster losses). Attach Form 4684 and enter the amount from line 18 of that form. See instructions 15 Other 16 Other-from list in instructions. List type and amount: Itemized Deductions 16 Total Itemized 17 Add the amounts in the far right column for lines 4 through 16. Also, enter this amount on Form 1040 or 1040-SR, line 12. 17 check this box ... Deductions 18 If you elect to itemize deductions even though they are less than your standard deduction, For Paperwork Reduction Act Notice, see the Instructions for Form 1040. Cat. No. 17145C Schedule A (Form 1040) 2022 SCHEDULE B (Form 1040) Interest and Ordinary Dividends O for in one and the latest information OMB No. 1545-0074 2022 Internal Revenue Service Name(s) shown on return Part I 1 Interest (See instructions and the Instructions for Form 1040, line 2b.) Note: If you received a Form 1099-INT, Form 1099-OID, or substitute statement from a brokerage firm, list the firm's name as the payer and enter the total interest shown on that form. Attach to Form 1040 or 1040-SR. List name of payer. If any interest is from a seller-financed mortgage and the buyer used the property as a personal residence, see the instructions and list this interest first. Also, show that buyer's social security number and address: Sequence No. 08 Your social security number 2 Add the amounts on line 1 3 4 Excludable interest on series EE and I U.S. savings bonds issued after 1989. Attach Form 8815 Subtract line 3 from line 2. Enter the result here and on Form 1040 or 1040-SR, line 2b Note: If line 4 is over $1,500, you must complete Part III. 5 Part II List name of payer: 1 2 34 Amount Amount Ordinary Dividends (See instructions and the Instructions for Form 1040, line 3b.) Note: If you received a Form 1099-DIV or substitute statement from a brokerage firm, list the firm's name as the payer and enter the ordinary dividends shown on that form. Part III Foreign Accounts 5 6 Add the amounts on line 5. Enter the total here and on Form 1040 or 1040-SR, line 3b Note: If line 6 is over $1,500, you must complete Part III. 6 You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends; (b) had a foreign account; or (c) received a distribution from, or were a grantor of, or a transferor to, a foreign trust. Yes No and Trusts Caution: If required, failure to file FinCEN Form 114 may result in substantial penalties. Additionally, you may be required to file Form 8938, Statement of Specified Foreign Financial Assets. See instructions. 7a At any time during 2022, did you have a financial interest in or signature authority over a financial account (such as a bank account, securities account, or brokerage account) located in a foreign country? See instructions 8 . If "Yes," are you required to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), to report that financial interest or signature authority? See FinCEN Form 114 and its instructions for filing requirements and exceptions to those requirements. b If you are required to file FinCEN Form 114, list the name(s) of the foreign country(-ies) where the financial account(s) are located: During 2022, did you receive a distribution from, or were you the grantor of, or transferor to, a foreign trust? If "Yes," you may have to file Form 3520. See instructions. For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 17146N Schedule B (Form 1040) 2022 SCHEDULE C (Form 1040) Profit or Loss From Business (Sole Proprietorship) Go to www.irs.gov/ScheduleC for instructions and the latest information OMB No. 1545-0074 2022 Name of proprietor A Principal business or profession, including product or service (see instructions) C Business name. If no separate business name, leave blank. Business address (including suite or room no.) Social security number (SSN) B Enter code from instructions D Employer ID number (EIN) (see instr.) E City, town or post office, state, and ZIP code F Accounting method: (1) Cash (2) Accrual (3) Other (specify) G H Did you "materially participate" in the operation of this business during 2022? If "No," see instructions for limit on losses If you started or acquired this business during 2022, check here | Did you make any payments in 2022 that would require you to file Form(s) 1099? See instructions J 2 3 4 Cost of goods sold (from line 42) 5 Gross profit. Subtract line 4 from line 3 6 7 Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) Gross income. Add lines 5 and 6 Income Part I 1 If "Yes," did you or will you file required Form(s) 1099? Gross receipts or sales. See instructions for line 1 and check the box if this income was reported to you on Form W-2 and the "Statutory employee" box on that form was checked. 1 Returns and allowances. Subtract line 2 from line 1 2 3 4 5 6 7 Part II Expenses. Enter expenses for business use of your home only on line 30. 8 Advertising. 8 18 Office expense (see instructions) . 18 9 Car and truck expenses 19 1123 10 (see instructions) . Commissions and fees 11 Contract labor (see instructions) 11 12 Depletion. - 9 20 10 a Pension and profit-sharing plans. Rent or lease (see instructions): Vehicles, machinery, and equipment 19 20a b Other business property 20b 12 21 Repairs and maintenance. 21 . 13 Depreciation and section 179. 22 Supplies (not included in Part III) 22 expense deduction (not 23 Taxes and licenses. 23 included in Part III) (see instructions) 13 24 Travel and meals: 14 Employee benefit programs a Travel. 24a (other than on line 19) 14 b Deductible meals (see 11 15 Insurance (other than health) 15 instructions) 24b 16 Interest (see instructions): 25 Utilities 25 a Mortgage (paid to banks, etc.) 16a 26 Wages (less employment credits) 26 b Other 16b 27a 7223 17 Legal and professional services 17 b Other expenses (from line 48) . Reserved for future use 27a 27b 29 Tentative profit or (loss). Subtract line 28 from line 7. 30 28 Total expenses before expenses for business use of home. Add lines 8 through 27a Expenses for business use of your home. Do not report these expenses elsewhere. Attach Form 8829 unless using the simplified method. See instructions. 28 29 . Simplified method filers only: Enter the total square footage of (a) your home: and (b) the part of your home used for business:_ Use the Simplified 31 Method Worksheet in the instructions to figure the amount to enter on line 30 Net profit or (loss). Subtract line 30 from line 29. 30 32 If a profit, enter on both Schedule 1 (Form 1040), line 3, and on Schedule SE, line 2. (If you checked the box on line 1, see instructions.) Estates and trusts, enter on Form 1041, line 3. If a loss, you must go to line 32. If you have a loss, check the box that describes your investment in this activity. See instructions. If you checked 32a, enter the loss on both Schedule 1 (Form 1040), line 3, and on Schedule SE, line 2. (If you checked the box on line 1, see the line 31 instructions.) Estates and trusts, enter on Form 1041, line 3. If you checked 32b, you must attach Form 6198. Your loss may be limited. For Paperwork Reduction Act Notice, see the separate instructions. Cat. No. 11334P 31 Yes Yes Yes No No No 32a All investment is at risk. 32b Some investment is not at risk. Schedule C (Form 1040) 2022 Schedule C (Form 1040) 2022 Part III Cost of Goods Sold (see instructions) 33 Method(s) used to value closing inventory: 34 a Cost b Lower of cost or market C Other (attach explanation) Yes Was there any change in determining quantities, costs, or valuations between opening and closing inventory? If "Yes," attach explanation. 35 Inventory at beginning of year. If different from last year's closing inventory, attach explanation 36 Purchases less cost of items withdrawn for personal use 37 Cost of labor. Do not include any amounts paid to yourself. 38 Materials and supplies 39 Other costs. 40 Add lines 35 through 39 41 Inventory at end of year 42 Cost of goods sold. Subtract line 41 from line 40. Enter the result here and on line 4 Part IV 43 44 35 36 37 38 39 40 40 41 42 Page 2 No Information on Your Vehicle. Complete this part only if you are claiming car or truck expenses on line 9 and are not required to file Form 4562 for this business. See the instructions for line 13 to find out if you must file Form 4562. When did you place your vehicle in service for business purposes? (month/day/year) / Of the total number of miles you drove your vehicle during 2022, enter the number of miles you used your vehicle for: a Business b Commuting (see instructions) 45 Was your vehicle available for personal use during off-duty hours? 46 Do you (or your spouse) have another vehicle available for personal use?. 47a Do you have evidence to support your deduction? b Part V c Other If "Yes," is the evidence written? Other Expenses. List below business expenses not included on lines 8-26 or line 30. Yes No Yes No Yes Yes No O No 48 Total other expenses. Enter here and on line 27a 48 Schedule C (Form 1040) 2022 SCHEDULE D (Form 1040) Capital Gains and Losses Attach to Form 1040, 1040-SR, or 1040-NR. OMB No. 1545-0074 2022 Name(s) shown on return Your social security number Did you dispose of any investment(s) in a qualified opportunity fund during the tax year? Yes No If "Yes," attach Form 8949 and see its instructions for additional requirements for reporting your gain or loss. Part I Short-Term Capital Gains and Losses-Generally Assets Held One Year or Less (see instructions) See instructions for how to figure the amounts to enter on the lines below. This form may be easier to complete if you round off cents to whole dollars. 1a Totals for all short-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 1b 1b Totals for all transactions reported on Form(s) 8949 with Box A checked 2 Totals for all transactions reported on Form(s) 8949 with Box B checked 3 Totals for all transactions reported on Form(s) 8949 with Box C checked (d) Proceeds (sales price) (e) Cost (or other basis) (g) Adjustments to gain or loss from Form(s) 8949, Part I, line 2, column (g) 4 Short-term gain from Form 6252 and short-term gain or (loss) from Forms 4684, 6781, and 8824 5 Net short-term gain or (loss) from partnerships, S corporations, estates, and trusts from Schedule(s) K-1 . 6 Short-term capital loss carryover. Enter the amount, if any, from line 8 of your Capital Loss Carryover Worksheet in the instructions 4 5 6 ( (h) Gain or (loss) Subtract column (e) from column (d) and combine the result with column (g) 7 Net short-term capital gain or (loss). Combine lines 1a through 6 in column (h). If you have any long- term capital gains or losses, go to Part II below. Otherwise, go to Part III on the back 7 Part II Long-Term Capital Gains and Losses-Generally Assets Held More Than One Year (see instructions) See instructions for how to figure the amounts to enter on the lines below. This form may be easier to complete if you round off cents to whole dollars. 8a Totals for all long-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 8b 8b Totals for all transactions reported on Form(s) 8949 with Box D checked 9 Totals for all transactions reported on Form(s) 8949 with Box E checked 10 Totals for all transactions reported on Form(s) 8949 with Box F checked. (d) Proceeds (sales price) (e) Cost (or other basis) (g) Adjustments to gain or loss from Form(s) 8949, Part II, line 2, column (g) 11 Gain from Form 4797, Part I; long-term gain from Forms 2439 and 6252; and long-term gain or (loss) from Forms 4684, 6781, and 8824 12 Net long-term gain or (loss) from partnerships, S corporations, estates, and trusts from Schedule(s) K-1 13 Capital gain distributions. See the instructions (h) Gain or (loss) Subtract column (e) from column (d) and combine the result with column (g) 11 12 13 14 Long-term capital loss carryover. Enter the amount, if any, from line 13 of your Capital Loss Carryover Worksheet in the instructions 14 15 Net long-term capital gain or (loss). Combine lines 8a through 14 in column (h). Then, go to Part III on the back. 15 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 11338H Schedule D (Form 1040) 2022 Schedule D (Form 1040) 2022 Part III Summary 16 Combine lines 7 and 15 and enter the result 17 18 If line 16 is a gain, enter the amount from line 16 on Form 1040, 1040-SR, or 1040-NR, line 7. Then, go to line 17 below. If line 16 is a loss, skip lines 17 through 20 below. Then, go to line 21. Also be sure to complete line 22. If line 16 is zero, skip lines 17 through 21 below and enter -0- on Form 1040, 1040-SR, or 1040-NR, line 7. Then, go to line 22. Are lines 15 and 16 both gains? Yes. Go to line 18. No. Skip lines 18 through 21, and go to line 22. If you are required to complete the 28% Rate Gain Worksheet (see instructions), enter the amount, if any, from line 7 of that worksheet 16 18 19 If you are required to complete the Unrecaptured Section 1250 Gain Worksheet (see instructions), enter the amount, if any, from line 18 of that worksheet 19 20 Are lines 18 and 19 both zero or blank and you are not filing Form 4952? 21 Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 16. Don't complete lines 21 and 22 below. No. Complete the Schedule D Tax Worksheet in the instructions. Don't complete lines 21 and 22 below. If line 16 is a loss, enter here and on Form 1040, 1040-SR, or 1040-NR, line 7, the smaller of: The loss on line 16; or ($3,000), or if married filing separately, ($1,500) Note: When figuring which amount is smaller, treat both amounts as positive numbers. 22 Do you have qualified dividends on Form 1040, 1040-SR, or 1040-NR, line 3a? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 16. No. Complete the rest of Form 1040, 1040-SR, or 1040-NR. 21 Page 2 Schedule D (Form 1040) 2022 SCHEDULE E (Form 1040) Supplemental Income and Loss (From rental real estate, royalties, partnerships, S corporations, estates, trusts, REMICS, etc.) OMB No. 1545-0074 2022 Name(s) shown on return Part I Income or Loss From Rental Real Estate and Royalties Your social security number Note: If you are in the business of renting personal property, use Schedule C. See instructions. If you are an individual, report farm rental income or loss from Form 4835 on page 2, line 40. A B Did you make any payments in 2022 that would require you to file Form(s) 1099? See instructions. If "Yes," did you or will you file required Form(s) 1099? . . 1a Physical address of each property (street, city, state, ZIP code) A B 1b Type of Property 2 (from list below) A B Type of Property: 1 Single Family Residence 2 Multi-Family Residence For each rental real estate property listed above, report the number of fair rental and personal use days. Check the QJV box only if you meet the requirements to file as a qualified joint venture. See instructions. 3 Vacation/Short-Term Rental 4 Commercial 5 Land Income: 3 Rents received 4 Royalties received Expenses: Advertising 34 Yes No . Yes No Fair Rental Days Personal Use Days QJV A B C 6 Royalties 7 Self-Rental 8 Other (describe) A Properties: B C 5 5 6 Auto and travel (see instructions) 6 7 Cleaning and maintenance. 7 8 Commissions 8 9 Insurance 9 10 Legal and other professional fees 10 11 Management fees 11 12 Mortgage interest paid to banks, etc. (see instructions) 12 13 Other interest 13 14 Repairs. 14 15 Supplies 15 16 Taxes 16 17 Utilities. 17 18 Depreciation expense or depletion 18 19 Other (list) 19 20 Total expenses. Add lines 5 through 19 20 21 Subtract line 20 from line 3 (rents) and/or 4 (royalties). If result is a (loss), see instructions to find out if you must file Form 6198. 21 22 Deductible rental real estate loss after limitation, if any, on Form 8582 (see instructions) . 22 23a b Total of all amounts reported on line 3 for all rental properties Total of all amounts reported on line 4 for all royalty properties 23a 23b C Total of all amounts reported on line 12 for all properties 23c d Total of all amounts reported on line 18 for all properties 23d e Total of all amounts reported on line 20 for all properties 23e 24 Income. Add positive amounts shown on line 21. Do not include any losses 24 Total rental real estate and royalty income or (loss). Combine lines 24 and 25. Enter the result here. If Parts II, III, IV, and line 40 on page 2 do not apply to you, also enter this amount on Schedule 1 (Form 1040), line 5. Otherwise, include this amount in the total on line 41 on page 2 For Paperwork Reduction Act Notice, see the separate instructions. 25 Losses. Add royalty losses from line 21 and rental real estate losses from line 22. Enter total losses here 26 25 26 Cat. No. 11344L Schedule E (Form 1040) 2022 Schedule E (Form 1040) 2022 Attachment Sequence No. 13 Name(s) shown on return. Do not enter name and social security number if shown on other side. Page 2 Your social security number Caution: The IRS compares amounts reported on your tax return with amounts shown on Schedule(s) K-1. Part II 27 Income or Loss From Partnerships and S Corporations Note: If you report a loss, receive a distribution, dispose of stock, or receive a loan repayment from an S corporation, you must check the box in column (e) on line 28 and attach the required basis computation. If you report a loss from an at-risk activity for which any amount is not at risk, you must check the box in column (f) on line 28 and attach Form 6198. See instructions. Are you reporting any loss not allowed in a prior year due to the at-risk or basis limitations, a prior year unallowed loss from a passive activity (if that loss was not reported on Form 8582), or unreimbursed partnership expenses? If you answered "Yes," see instructions before completing this section (a) Name (b) Enter P for partnership; S for S corporation (c) Check if foreign partnership (d) Employer identification number . Yes No (e) Check if (f) Check if basis computation any amount is is required not at risk 28 A B C D Passive Income and Loss Nonpassive Income and Loss (g) Passive loss allowed (h) Passive income (attach Form 8582 if required) from Schedule K-1 (i) Nonpassive loss allowed (see Schedule K-1) (i) Section 179 expense deduction from Form 4562 (k) Nonpassive income from Schedule K-1 ABCD 29a Totals b Totals 30 Add columns (h) and (k) of line 29a 30 31 Add columns (g), (i), and (i) of line 29b. 31 32 Part III Total partnership and S corporation income or (loss). Combine lines 30 and 31 Income or Loss From Estates and Trusts 32 (a) Name 33 A B (b) Employer identification number Passive Income and Loss Nonpassive Income and Loss (c) Passive deduction or loss allowed (attach Form 8582 if required) (d) Passive income (e) Deduction or loss from Schedule K-1 from Schedule K-1 (f) Other income from Schedule K-1 A B 34a Totals b Totals 35 Add columns (d) and (f) of line 34a 36 Add columns (c) and (e) of line 34b 35 36 37 Part IV 37 Total estate and trust income or (loss). Combine lines 35 and 36 Income or Loss From Real Estate Mortgage Investment Conduits (REMICS) - Residual Holder 38 (a) Name (b) Employer identification number (c) Excess inclusion from Schedules Q, line 2c (see instructions) (d) Taxable income (net loss) from Schedules Q, line 1b (e) Income from Schedules Q, line 3b 39 Part V Combine columns (d) and (e) only. Enter the result here and include in the total on line 41 below Summary 39 40 Net farm rental income or (loss) from Form 4835. Also, complete line 42 below. 40 41 Total income or (loss). Combine lines 26, 32, 37, 39, and 40. Enter the result here and on Schedule 1 (Form 1040), line 5 41 42 43 Reconciliation of farming and fishing income. Enter your gross farming and fishing income reported on Form 4835, line 7; Schedule K-1 (Form 1065), box 14, code B; Schedule K-1 (Form 1120-S), box 17, code AD; and Schedule K-1 (Form 1041), box 14, code F. See instructions Reconciliation for real estate professionals. If you were a real estate professional (see instructions), enter the net income or (loss) you reported anywhere on Form 1040, Form 1040-SR, or Form 1040-NR from all rental real estate activities in which you materially participated under the passive activity loss rules 42 43 Schedule E (Form 1040) 2022 SCHEDULE SE (Form 1040) Self-Employment Tax Go to www.irs.gov/ScheduleSE for instructions and the latest information. OMB No. 1545-0074 2022 Name of person with self-employment income (as shown on Form 1040, 1040-SR, or 1040-NR) Part I Self-Employment Tax Social security number of person with self-employment income Note: If your only income subject to self-employment tax is church employee income, see instructions for how to report your income and the definition of church employee income. A If you are a minister, member of a religious order, or Christian Science practitioner and you filed Form 4361, but you had $400 or more of other net earnings from self-employment, check here and continue with Part I. . Skip lines 1a and 1b if you use the farm optional method in Part II. See instructions. 1a Net farm profit or (loss) from Schedule F, line 34, and farm partnerships, Schedule K-1 (Form 1065), box 14, code A... b If you received social security retirement or disability benefits, enter the amount of Conservation Reserve Program payments included on Schedule F, line 4b, or listed on Schedule K-1 (Form 1065), box 20, code AH Skip line 2 if you use the nonfarm optional method in Part II. See instructions. 2 3 4a b Net profit or (loss) from Schedule C, line 31; and Schedule K-1 (Form 1065), box 14, code A (other than farming). See instructions for other income to report or if you are a minister or member of a religious order Combine lines 1a, 1b, and 2.. 1a 1b ( ) If line 3 is more than zero, multiply line 3 by 92.35% (0.9235). Otherwise, enter amount from line 3. 4a Note: If line 4a is less than $400 due to Conservation Reserve Program payments on line 1b, see instructions. If you elect one or both of the optional methods, enter the total of lines 15 and 17 here . 232 24 4b c Combine lines 4a and 4b. If less than $400, stop; you don't owe self-employment tax. Exception: If less than $400 and you had church employee income, enter -0- and continue. 4c 5a Enter your church employee income from Form W-2. See instructions for definition of church employee income 5a b Multiply line 5a by 92.35% (0.9235). If less than $100, enter -0- 5b 6 Add lines 4c and 5b 6 7 Maximum amount of combined wages and self-employment earnings subject to social security tax or the 6.2% portion of the 7.65% railroad retirement (tier 1) tax for 2022 .. 7 147,000 9 10 8a Total social security wages and tips (total of boxes 3 and 7 on Form(s) W-2) and railroad retirement (tier 1) compensation. If $147,000 or more, skip lines 8b through 10, and go to line 11 . . b Unreported tips subject to social security tax from Form 4137, line 10. c Wages subject to social security tax from Form 8919, line 10. d Add lines 8a, 8b, and 8c ... 8a 8b 8| Subtract line 8d from line 7. If zero or less, enter -0- here and on line 10 and go to line 11 Multiply the smaller of line 6 or line 9 by 12.4% (0.124). 8d 9 10 11 Multiply line 6 by 2.9% (0.029) . . 11 12 13 Self-employment tax. Add lines 10 and 11. Enter here and on Schedule 2 (Form 1040), line 4 Deduction for one-half of self-employment tax. 12 Multiply line 12 by 50% (0.50). Enter here and on Schedule 1 (Form 1040), line 15.. 13 Part II Optional Methods To Figure Net Earnings (see instructions) Farm Optional Method. You may use this method only if (a) your gross farm income wasn't more than $9,060, or (b) your net farm profits were less than $6,540. 14 Maximum income for optional methods . . 14 6,040 15 Enter the smaller of: two-thirds (2/3) of gross farm income (not less than zero) or $6,040. Also, include this amount on line 4b above 15 16 Nonfarm Optional Method. You may use this method only if (a) your net nonfarm profits were less than $6,540 and also less than 72.189% of your gross nonfarm income, 4 and (b) you had net earnings from self-employment of at least $400 in 2 of the prior 3 years. Caution: You may use this method no more than five times. Subtract line 15 from line 14. . 16 17 Enter the smaller of: two-thirds (2/3) of gross nonfarm income (not less than zero) or the amount on line 16. Also, include this amount on line 4b above .. 17 1 From Sch. F, line 9; and Sch. K-1 (Form 1065), box 14, code B. 2 From Sch. F, line 34; and Sch. K-1 (Form 1065), box 14, code A-minus the amount you would have entered on line 1b had you not used the optional method. For Paperwork Reduction Act Notice, see your tax return instructions. 3 From Sch. C, line 31; and Sch. K-1 (Form 1065), box 14, code A. From Sch. C, line 7; and Sch. K-1 (Form 1065), box 14, code C. Cat. No. 11358Z Schedule SE (Form 1040) 2022 SCHEDULE 8812 (Form 1040) Credits for Qualifying Children and Other Dependents Attach to Form 1040, 1040-SR, or 1040-NR. OMB No. 1545-0074 2022 Part I Child Tax Credit and Credit for Other Dependents 1 Enter the amount from line 11 of your Form 1040, 1040-SR, or 1040-NR 2a Enter income from Puerto Rico that you excluded b Enter the amounts from lines 45 and 50 of your Form 2555 1 2a 2b Enter the amount from line 15 of your Form 4563 2c d Add lines 2a through 2c.. 2d 3 Add lines 1 and 2d 3 4 5 Number of qualifying children under age 17 with the required social security number Multiply line 4 by $2,000 4 5 6 Number of other dependents, including any qualifying children who are not under age 17 or who do not have the required social security number 788 Caution: Do not include yourself, your spouse, or anyone who is not a U.S. citizen, U.S. national, or U.S. resident alien. Also, do not include anyone you included on line 4. Multiply line 6 by $500 Add lines 5 and 7 . . 9 Enter the amount shown below for your filing status. } 10 Married filing jointly-$400,000 All other filing statuses-$200,000 Subtract line 9 from line 3. If zero or less, enter -0-. If more than zero and not a multiple of $1,000, enter the next multiple of $1,000. For example, if the result is $425, enter $1,000; if the result is $1,025, enter $2,000, etc. 7 8 9 10 12 E2 11 Multiply line 10 by 5% (0.05). 11 Is the amount on line 8 more than the amount on line 11? . 12 No. STOP. You cannot take the child tax credit, credit for other dependents, or additional child tax credit. Skip Parts II-A and II-B. Enter -0- on lines 14 and 27. Yes. Subtract line 11 from line 8. Enter the result. 13 Enter the amount from the Credit Limit Worksheet A 14 13 14 Enter the smaller of line 12 or 13. This is your child tax credit and credit for other dependents. Enter this amount on Form 1040, 1040-SR, or 1040-NR, line 19. If the amount on line 12 is more than the amount on line 14, you may be able to take the additional child tax credit on Form 1040, 1040-SR, or 1040-NR, line 28. Complete your Form 1040, 1040-SR, or 1040-NR through line 27 (also complete Schedule 3, line 11) before completing Part II-A. For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 59761M Schedule 8812 (Form 1040) 2022 Schedule 8812 (Form 1040) 2022 Part II-A Additional Child Tax Credit for All Filers Caution: If you file Form 2555, you cannot claim the additional child tax credit. 15 Check this box if you do not want to claim the additional child tax credit. Skip Parts II-A and II-B. Enter -0- on line 27 16a Subtract line 14 from line 12. If zero, stop here; you cannot take the additional child tax credit. Skip Parts II-A and II-B. Enter -0- on line 27 b Number of qualifying children under 17 with the required social security number: 16a x $1,500. Enter the result. If zero, stop here; you cannot claim the additional child tax credit. Skip Parts II-A and II-B. Enter -0- on line 27 16b 17 TIP: The number of children you use for this line is the same as the number of children you used for line 4. Enter the smaller of line 16a or line 16b. 17 18a Earned income (see instructions) . 18a b Nontaxable combat pay (see instructions). 18b 19 Is the amount on line 18a more than $2,500? No. Leave line 19 blank and enter -0- on line 20. 20 Yes. Subtract $2,500 from the amount on line 18a. Enter the result Multiply the amount on line 19 by 15% (0.15) and enter the result Next. On line 16b, is the amount $4,500 or more? 19 20 No. If you are a bona fide resident of Puerto Rico, go to line 21. Otherwise, skip Part II-B and enter the smaller of line 17 or line 20 on line 27. Yes. If line 20 is equal to or more than line 17, skip Part II-B and enter the amount from line 17 on line 27. Otherwise, go to line 21. Part II-B Certain Filers Who Have Three or More Qualifying Children and Bona Fide Residents of Puerto Rico Withheld social security, Medicare, and Additional Medicare taxes from Form(s) W-2, 21 22 23 22 boxes 4 and 6. If married filing jointly, include your spouse's amounts with yours. If your employer withheld or you paid Additional Medicare Tax or tier 1 RRTA taxes, see instructions. Enter the total of the amounts from Schedule 1 (Form 1040), line 15; Schedule 2 (Form 1040), line 5; Schedule 2 (Form 1040), line 6; and Schedule 2 (Form 1040), line 13. Add lines 21 and 22. 24 1040 and 1040-SR filers: Enter the total of the amounts from Form 1040 or 1040-SR, line 27, and Schedule 3 (Form 1040), line 11. 1040-NR filers: Enter the amount from Schedule 3 (Form 1040), line 11. 25 Subtract line 24 from line 23. If zero or less, enter -0- . 22 21 22 24 25 26 Page 2 26 Enter the larger of line 20 or line 25. Next, enter the smaller of line 17 or line 26 on line 27. Part II-C Additional Child Tax Credit 27 This is your additional child tax credit. Enter this amount on Form 1040, 1040-SR, or 1040-NR, line 28. 27 Schedule 8812 (Form 1040) 2022 For 8995 Department of the Treasury Qualified Business Income Deduction Simplified Computation Attach to your tax return. OMB No. 1545-2294 2022 Attachment Name(s) shown on return Your taxpayer identification number Note. You can claim the qualified business income deduction only if you have qualified business income from a qualified trade or business, real estate investment trust dividends, publicly traded partnership income, or a domestic production activities deduction passed through from an agricultural or horticultural cooperative. See instructions. Use this form if your taxable income, before your qualified business income deduction, is at or below $170,050 ($340,100 if married filing jointly), and you aren't a patron of an agricultural or horticultural cooperative. 1 (a) Trade, business, or aggregation name (b) Taxpayer identification number (c) Qualified business income or (loss) i iv V 2 3 Total qualified business income or (loss). Combine lines 1i through 1v, column (c) Qualified business net (loss) carryforward from the prior year. 4 5 Total qualified business income. Combine lines 2 and 3. If zero or less, enter -0- Qualified business income component. Multiply line 4 by 20% (0.20) 234 3 ( 5 6 Qualified REIT dividends and publicly traded partnership (PTP) income or (loss) (see instructions) 6 7 Qualified REIT dividends and qualified PTP (loss) carryforward from the prior year .. 7( 8 Total qualified REIT dividends and PTP income. Combine lines 6 and 7. If zero or less, enter -0- .. 8 9 REIT and PTP component. Multiply line 8 by 20% (0.20) 9 10 11 12 Qualified business income deduction before the income limitation. Add lines 5 and 9 Taxable income before qualified business income deduction (see instructions) Net capital gain (see instructions). 10 11 12 13 Subtract line 12 from line 11. If zero or less, enter -0- 13 14 Income limitation. Multiply line 13 by 20% (0.20). 14 15 Qualified business income deduction. Enter the smaller of line 10 or line 14. Also enter this amount on the applicable line of your return (see instructions) 15 17 16 Total qualified business (loss) carryforward. Combine lines 2 and 3. If greater than zero, enter -0- . . 16 17 Total qualified REIT dividends and PTP (loss) carryforward. Combine lines 6 and 7. If greater than zero, enter -0- .. 17 ( For Privacy Act and Paperwork Reduction Act Notice, see instructions. Cat. No. 37806C Form 8995 (2022) Form 4562 Department of the Treasury Depreciation and Amortization (Including Information on Listed Property) Attach to your tax return. OMB No. 1545-0172 2022 Attachment Identifying number Name(s) shown on return Part I Business or activity to which this form relates Election To Expense Certain Property Under Section 179 Note: If you have any listed property, complete Part V before you complete Part I. 1 Maximum amount (see instructions) . 2 Total cost of section 179 property placed in service (see instructions) 3 Threshold cost of section 179 property before reduction in limitation (see instructions) 4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0- . 5 Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filing separately, see instructions 6 (a) Description of property (b) Cost (business use only) 1 2 3 4 5 (c) Elected cost 7 Listed property. Enter the amount from line 29 7 8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 9 Tentative deduction. Enter the smaller of line 5 or line 8. 10 Carryover of disallowed deduction from line 13 of your 2021 Form 4562. 11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5. See instructions 12 Section 179 expense deduction. Add lines 9 and 10, but don't enter more than line 11 13 Carryover of disallowed deduction to 2023. Add lines 9 and 10, less line 12 Note: Don't use Part II or Part III below for listed property. Instead, use Part V. 13 . Part II 8 9 10 11 12 Special Depreciation Allowance and Other Depreciation (Don't include listed property. See instructions.) 14 Special depreciation allowance for qualified property (other than listed property) placed in service during the tax year. See instructions. 15 Property subject to section 168(f)(1) election 16 Other depreciation (including ACRS) 14 15 16 Part III MACRS Depreciation (Don't include listed property. See instructions.) Section A 17 MACRS deductions for assets placed in service in tax years beginning before 2022. 18 If you are electing to group any assets placed in service during the tax year into one or more general asset accounts, check here 17 Section B-Assets Placed in Service During 2022 Tax Year Using the General Depreciation System (b) Month and year (a) Classification of property placed in service (c) Basis for depreciation (business/investment use only-see instructions) (d) Recovery period (e) Convention 19a 3-year property b 5-year property (f) Method (g) Depreciation deduction c 7-year property d 10-year property e 15-year property of 20-year property g 25-year property 25 yrs. S/L h Residential rental 27.5 yrs. MM S/L property 27.5 yrs. MM S/L i Nonresidential real 39 yrs. MM S/L MM S/L property Section C-Assets Placed in Service During 2022 Tax Year Using the Alternative Depreciation System S/L 20a Class life b 12-year C 30-year 12 yrs. 30 yrs. S/L MM S/L 40 yrs. MM S/L d 40-year Part IV Summary (See instructions.) 21 Listed property. Enter amount from line 28 22 Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21. Enter here and on the appropriate lines of your return. Partnerships and S corporations-see instructions 23 For assets shown above and placed in service during the current year, enter the portion of the basis attributable to section 263A costs For Paperwork Reduction Act Notice, see separate instructions. 23 Cat. No. 12906N 21 22 Form 4562 (2022) Form 4562 (2022) Part V Listed Property (Include automobiles, certain other vehicles, certain aircraft, and property used for entertainment, recreation, or amusement.) Page 2 Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a, 24b, columns (a) through (c) of Section A, all of Section B, and Section C if applicable. Section A-Depreciation and Other Information (Caution: See the instructions for limits for passenger automobiles.) 24a Do you have evidence to support the business/investment use claimed? Yes No 24b If "Yes," is the evidence written? Yes No (a) (b) (c) Business/ (d) Type of property (list Date placed investment use Cost or other basis vehicles first) in service percentage (e) Basis for depreciation (business/investment use only) (f) Recovery (g) Method/ period Convention (h) Depreciation deduction 25 Special depreciation allowance for qualified listed property placed in service during the tax year and used more than 50% in a qualified business use. See instructions 26 Property used more than 50% in a qualified business use: 25 (i) Elected section 179 cost % % % 27 Property used 50% or less in a qualified business use: % % % 28 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1 29 Add amounts in column (i), line 26. Enter here and on line 7, page 1 . S/L - S/L- S/L- Section B-Information on Use of Vehicles 28 . 29 Complete this section for vehicles used by a sole proprietor, partner, or other "more than 5% owner," or related person. If you provided vehicles to your employees, first answer the questions in Section C to see if you meet an exception to completing this section for those vehicles. 30 Total business/investment miles driven during the year (don't include commuting miles) . 31 Total commuting miles driven during the year 32 Total other personal (noncommuting) miles driven 33 Total miles driven during the year. Add lines 30 through 32 (a) Vehicle 1 (b) Vehicle 2 (c) (d) (e) (f) Vehicle 3 Vehicle 4 Vehicle 5 Vehicle 6 34 Was the vehicle available for personal use during off-duty hours? . Yes No Yes No Yes No Yes No Yes No Yes No 35 Was the vehicle used primarily by a more than 5% owner or related person? . 36 Is another vehicle available for personal use? Section C-Questions for Employers Who Provide Vehicles for Use by Their Employees Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who aren't more than 5% owners or related persons. See instructions. 37 Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, by Yes No your employees? . 38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your employees? See the instructions for vehicles used by corporate officers, directors, or 1% or more owners 39 Do you treat all use of vehicles by employees as personal use? 40 Do you provide more than five vehicles to your employees, obtain information from your employees about the use of the vehicles, and retain the information received? . 41 Do you meet the requirements concerning qualified automobile demonstration use? See instructions Note: If your answer to 37, 38, 39, 40, or 41 is "Yes," don't complete Section B for the covered vehicles. Part VI Amortization (a) Description of costs (b) Date amortization begins (c) Amortizable amount 42 Amortization of costs that begins during your 2022 tax year (see instructions): 43 Amortization of costs that began before your 2022 tax year. 44 Total. Add amounts in column (f). See the instructions for where to report (d) Code section (e) Amortization period or percentage (f) Amortization for this year 43 44 Form 4562 (2022) SCHEDULE 1 (Form 1040) Additional Income and Adjustments to Income Attach to Form 1040, 1040-SR, or 1040-NR. OMB No. 1545-0074 2022 Your social security number 1 2a 34567 Name(s) shown on Form 1040, 1040-SR, or 1040-NR Part I Additional Income 1 Taxable refunds, credits, or offsets of state and local income taxes 2a Alimony received 345678 b Date of original divorce or separation agreement (see instructions): Business income or (loss). Attach Schedule C Other gains or (losses). Attach Form 4797 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E Farm income or (loss). Attach Schedule F. Unemployment compensation Other income: a Net operating loss b Gambling c Cancellation of debt d Foreign earned income exclusion from Form 2555 e Income from Form 8853 f Income from Form 8889 g Alaska Permanent Fund dividends h Jury duty pay i Prizes and awards j Activity not engaged in for profit income 8a 8b 8c 8d 8e 8f 8g 8h 8i 8j k Stock options 8k . I 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 81 m Olympic and Paralympic medals and USOC prize money (see instructions) 8m In Section 951(a) inclusion (see instructions) 8n o Section 951A(a) inclusion (see instructions) 80 p Section 461(1) excess business loss adjustment q Taxable distributions from an ABLE account (see instructions) 8p 8q r Scholarship and fellowship grants not reported on Form W-2 8r s Nontaxable amount of Medicaid waiver payments included on Form 1040, line 1a or 1d. 8s t Pension or annuity from a nonqualifed deferred compensation plan or a nongovernmental section 457 plan 8t u Wages earned while incarcerated 8u z Other income. List type and amount: 8z 9 Total other income. Add lines 8a through 8z . 9 10 Combine lines 1 through 7 and 9. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 8 10 For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 71479F Schedule 1 (Form 1040) 2022 Schedule 1 (Form 1040) 2022 Part II Adjustments to Income 11 Educator expenses . . 11 12 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 12 13 Health savings account deduction. Attach Form 8889 13 14 Moving expenses for members of the Armed Forces. Attach Form 3903 14 15 Deductible part of self-employment tax. Attach Schedule SE 15 16 17 Self-employed SEP, SIMPLE, and qualified plans. Self-employed health insurance deduction 18 Penalty on early withdrawal of savings 19a Alimony paid 20 21 22222 b Recipient's SSN c Date of original divorce or separation agreement (see instructions): IRA deduction . Student loan interest deduction Reserved for future use 23 Archer MSA deduction 24 Other adjustments: 16 17 18 19a 2222 Page 2 a Jury duty pay (see instructions) 24a b Deductible expenses related to income reported on line 81 from the rental of personal property engaged in for profit 24b c Nontaxable amount of the value of Olympic and Paralympic medals and USOC prize money reported on line 8m. 24c d Reforestation amortization and expenses. 24d e Repayment of supplemental unemployment benefits under the Trade Act of 1974. 24e f Contributions to section 501(c)(18)(D) pension plans g Contributions by certain chaplains to section 403(b) plans 24f . 24g h Attorney fees and court costs for actions involving certain unlawful discrimination claims (see instructions). 24h . i Attorney fees and court costs you paid in connection with an award from the IRS for information you provided that helped the IRS detect tax law violations 24i j Housing deduction from Form 2555. 24j k Excess deductions of section 67(e) expenses from Schedule K-1 (Form 1041) 24k z Other adjustments. List type and amount: 24z 225 25 Total other adjustments. Add lines 24a through 24z 25 26 Add lines 11 through 23 and 25. These are your adjustments to income. Enter here and on Form 1040 or 1040-SR, line 10, or Form 1040-NR, line 10a 26 Schedule 1 (Form 1040) 2022 SCHEDULE 2 (Form 1040) Additional Taxes Attach to Form 1040 1040-SB or 1040-NB OMB No. 1545-0074 2022 Your social security number Name(s) shown on Form 1040, 1040-SR, or 1040-NR Part I 1 Tax Alternative minimum tax. Attach Form 6251 2 Excess advance premium tax credit repayment. Attach Form 8962 3 Add lines 1 and 2. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 17 Part II Other Taxes 4 Self-employment tax. Attach Schedule SE. 1 23 4 5 Social security and Medicare tax on unreported tip income. Attach Form 4137 . 5 6 Uncollected social security and Medicare tax on wages. Attach Form 8919 6 7 Total additional social security and Medicare tax. Add lines 5 and 6 7 8 Additional tax on IRAs or other tax-favored accounts. Attach Form 5329 if required. If not required, check here 9 Household employment taxes. Attach Schedule H 10 Repayment of first-time homebuyer credit. Attach Form 5405 if required Additional Medicare Tax. Attach Form 8959 9 10 11 11 12 Net investment income tax. Attach Form 8960 12 13 Uncollected social security and Medicare or RRTA tax on tips or group-term life insurance from Form W-2, box 12 13 14 Interest on tax due on installment income from the sale of certain residential lots and timeshares. 14 15 Interest on the deferred tax on gain from certain installment sales with a sales price over $150,000 15 16 Recapture of low-income housing credit. Attach Form 8611. 16 82 For Paperwork Reduction Act Notice, see your tax return instructions. (continued on page 2) Cat. No. 71478U Schedule 2 (Form 1040) 2022 Schedule 2 (Form 1040) 2022 Part II Other Taxes (continued) 17 Other additional taxes: a Recapture of other credits. List type, form number, and amount: 17a b Recapture of federal mortgage subsidy, if you sold your home see instructions 17b c Additional tax on HSA distributions. Attach Form 8889 . . d Additional tax on an HSA because you didn't remain an eligible individual. Attach Form 8889 17c e Additional tax on Archer MSA distributions. Attach Form 8853. f Additional tax on Medicare Advantage MSA distributions. Attach Form 8853 17d 17e 17f g Recapture of a charitable contribution deduction related to a fractional interest in tangible personal property 17g h Income you received from a nonqualified deferred compensation plan that fails to meet the requirements of section 409A 17h i Compensation you received from a nonqualified deferred compensation plan described in section 457A 17i j Section 72(m)(5) excess benefits tax 17j k Golden parachute payments 17k | Tax on accumulation distribution of trusts 171 m Excise tax on insider stock compensation from an expatriated corporation. 17m n Look-back interest under section 167(g) or 460(b) from Form 8697 or 8866 17n o Tax on non-effectively connected income for any part of the year you were a nonresident alien from Form 1040-NR . . . p Any interest from Form 8621, line 16f, relating to distributions from, and dispositions of, stock of a section 1291 fund. 170 17p q Any interest from Form 8621, line 24 . z Any other taxes. List type and amount: 17q Page 2 18 Total additional taxes. Add lines 17a through 17z 19 Reserved for future use 17z 18 19 20 Section 965 net tax liability installment from Form 965-A 20 21 Add lines 4, 7 through 16, and 18. These are your total other taxes. Enter here and on Form 1040 or 1040-SR, line 23, or Form 1040-NR, line 23b . . 21 Schedule 2 (Form 1040) 2022 $1040 Department of the Treasury-Internal Revenue Service U.S. Individual Income Tax Return OMB No. 1545-0074 IRS Use Only-Do not write or staple in this space. 2022 Filing Status Single Married filing jointly Married filing separately (MFS) Head of household (HOH) Qualifying surviving Check only spouse (QSS) one box. If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QSS box, enter the child's name if the qualifying person is a child but not your dependent: Your first name and middle initial Last name Your social security number If joint return, spouse's first name and middle initial Last name Home address (number and street). If you have a P.O. box, see instructions. City, town, or post office. If you have a foreign address, also complete spaces below. Foreign country name Apt. no. State ZIP code Spouse's social security number Presidential Election Campaign Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change Foreign postal code your tax or refund. You Spouse Yes No Foreign province/state/county Digital At any time during 2022, did you: (a) receive (as a reward, award, or payment for property or services); or (b) sell, Assets exchange, gift, or otherwise dispose of a digital asset (or a financial interest in a digital asset)? (See instructions.) Standard Someone can claim: You as a dependent Your spouse as a dependent Deduction Spouse itemizes on a separate return or you were a dual-status alien Age/Blindness You: Were born before January 2, 1958 Dependents (see instructions): If more than four dependents, see instructions and check (1) First name Last name Are blind Spouse: (2) Social security number to you Was born before January 2, 1958 (3) Relationship (4) Check the box if qualifies for (see instructions): Child tax credit Credit for other dependents Is blind here Income 1a b Attach Form(s) C Tip income not reported on line 1a (see instructions) W-2 here. Also d attach Forms W-2G and e 1099-R if tax f was withheld. Total amount from Form(s) W-2, box 1 (see instructions) Household employee wages not reported on Form(s) W-2 Medicaid waiver payments not reported on Form(s) W-2 (see instructions) Taxable dependent care benefits from Form 2441, line 26 Employer-provided adoption benefits from Form 8839, line 29 If you did not g Wages from Form 8919, line 6. get a Form h Other earned income (see instructions) W-2, see i instructions. Nontaxable combat pay election (see instructions) 1i Z Add lines 1a through 1h Attach Sch. B 2a Tax-exempt interest 2a if required. Qualified dividends 4a IRA distributions . 4a Standard 5a Pensions and annuities 5a Deduction for- 6a Social security benefits 6a b Taxable interest b Ordinary dividends b Taxable amount. b Taxable amount. b Taxable amount. Single or Married filing separately, 7 $12,950 Married filing 8 If you elect to use the lump-sum election method, check here (see instructions) Capital gain or (loss). Attach Schedule D if required. If not required, check here Other income from Schedule 1, line 10 jointly or 9 Qualifying surviving spouse, 10 $25,900 Add lines 1z, 2b, 3b, 4b, 5b, 6b, 7, and 8. This is your total income Adjustments to income from Schedule 1, line 26 Head of 11 Subtract line 10 from line 9. This is your adjusted gross income househol household, 12 $19,400 If you checked 13 any box under Standard 14 Standard deduction or itemized deductions (from Schedule A) Qualified business income deduction from Form 8995 or Form 8995-A Add lines 12 and 13. Deduction, 15 Subtract line 14 from line 11. If zero or less, enter -0-. This is your taxable income see instructions. For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. = = a88 Cat. No. 11320B 7 8 9 10 11 12 13 14 15 Form 1040 (2022) Form 1040 (2022) Tax and Credits Tax (see instructions). Check if any from Form(s): 1 8814 2 4972 3 Amount from Schedule 2, line 3 16 17 18 Add lines 16 and 17. 19 20 21 . Child tax credit or credit for other dependents from Schedule 8812 Amount from Schedule 3, line 8 Add lines 19 and 20 Subtract line 21 from line 18. If zero or less, enter -0- Payments 25 2222 23 Other taxes, including self-employment tax, from Schedule 2, line 21 24 Add lines 22 and 23. This is your total tax Federal income tax withheld from: a Form(s) W-2 POO b Form(s) 1099 C Other forms (see instructions) d Add lines 25a through 25c 2022 estimated tax payments and amount applied from 2021 return If you have a 25a 25b 172222222 25c 25d 26 Page 2 qualifying child, attach Sch. EIC. 2222233 27 Earned income credit (EIC). 28 Additional child tax credit from Schedule 8812 American opportunity credit from Form 8863, line 8. Reserved for future use. Amount from Schedule 3, line 15 2285 Add lines 27, 28, 29, and 31. These are your total other payments and refundable credits Add lines 25d, 26, and 32. These are your total payments 32 33 34 Refund 35a If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid Amount of line 34 you want refunded to you. If Form 8888 is attached, check here 34 35a Direct deposit? b Routing number : Checking Savings See instructions. d Account number 36 Amount 37 Amount of line 34 you want applied to your 2023 estimated tax. Subtract line 33 from line 24. This is the amount you owe. 36 . You Owe 38 For details on how to pay, go to www.irs.gov/Payments or see instructions. Estimated tax penalty (see instructions) 37 38 Third Party Designee Do you want to allow another person to discuss this return with the IRS? See instructions Designee's name Phone no. Yes. Complete below. Personal identification number (PIN) No Sign Here Date Joint return? See instructions. Keep a copy for your records. Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Your signature Spouse's signature. If a joint return, both must sign. Date Spouse's occupation If the IRS sent you an Identity Protection PIN, enter it here (see inst.) If the IRS sent your spouse an Identity Protection PIN, enter it here (see inst.) Your occupation Phone no. Preparer's name Email address Preparer's signature Paid Preparer Use Only Firm's name Firm's address Go to www.irs.gov/Form 1040 for instructions and the latest information. Date PTIN Phone no. Check if: Self-employed Firm's EIN Form 1040 (2022) Question 6 Schedule 1, Line 15 Blank 1 Blank 1 Add your answer Question 7 Schedule A, Line 4 Blank 1 Blank 1 Add your answer Question 8 Schedule A, Line 5c Blank 1 Blank 1 Add your answer Question 9 Schedule A, Line 17 Blank 1 Blank 1 Add your answer Question 10 Schedule C, Line 9 Blank 1 Blank 1 Add your answer Question 11 Schedule C, Line 31 Blank 1 Blank 1 Add your answer Question 12 Schedule D, Line 1a(h) Blank 1 Blank 1 Add your answer Question 13 Schedule E, Line 18 Blank 1 Blank 1 Add your answer Question 14 Schedule E, Line 32 Blank 1 Blank 1 Add your answer Question 15 Schedule SE, Line 12 Blank 1 Blank 1 Add your answer Question 16 Schedule 8812, Line 12 Blank 1 Blank 1 Add your answer Question 17 Form 8895, Line 10 Blank 1 Blank 1 Add your answer Question 18 Form 1040, Line 37 Blank 1 Blank 1 Add your answer Question 19 Paige's dividends are taxed at what %? Blank 1 Blank 1 Add your answer