The following information pertains to Jamal Jones $($age $28),$ who is single. Jamal has asked you to prepare his Form $1040,$ Schedule $2,$ Schedule D$,$ and Form $8960.$

Taxpayer Information

Income

Jamal's salary $$260,000$

Interest income on corporate bonds $40,000$

Expenses

Federal income taxes withheld from Jamal$$s paycheck $72,000$

Other Information:

Jamal received two Forms $1099-$B related to the following sales of stock during the year:

$100$ shares of ABC Company stock purchased on $2/14/2019$ for $$7,000$ and sold on $10/31/2022$ for $$10,000$

$40$ shares of XYZ Company stock purchased on $8/1/2022$ for $$19,000$ and sold on $12/19/2022$ for $$10,000$