The Richardson household includes the following individuals, for whom they provide more than half of their

support.

You will need to determine who is a Qualifying Child or Qualifying Relative to include on Page $1$ of the tax return.

Maggie graduated from high school and is still undecided about college. During $2023,$ she earned $$3,900$ from

her job at Blanco and placed all of her earnings in a savings account. Jenny, Jake's mother, earned gross income

of $$2,500.$

During $2023,$ the Richardsons had the following items which may be important for their tax return:

Salaries and withholdings $($see $W-2$ forms at the end of this file$)$

First Bank

PT Clinic, Inc.

Interest income $($see $1099-$INT forms at the end of this file$)$City of Tucson bonds

General Electric Corporation bonds

First Bank certificate of deposit

Sale of Target stock $($see $1099-$B form at the end of this file$)$: Susan sold $100$ shares of Target stock on

August $1,2023$ for $$87$ per share. They had purchased the stock on December $12,2022$ for $$68$ per

share.

Sale of Starbucks stock $($see $1099-$B form at the end of this file$)$: Susan also sold $50$ shares of Starbucks

stock on June $6,2023.$ Her total proceeds from the sale were $$2,900$ and she purchased the stock on

January $27,2004$ for $$3,050.$

Jake invested in an annuity that pays $$1,000$ a month for $20$ years. His original investment in the annuity

is $$165,000.$

In July, while walking downtown, Susan was accidentally hit by a City Tour bus. The owner of the bus,

City Tours, paid her $$100,000$ in settlement of the personal physical injuries she sustained.Jake and Susan took a trip to Las Vegas in February of $2023$ and won $$1,900$ gambling at the blackjack

tables. Lady luck was on their side!

Jake participated in a charity talent show for the local Humane Society and won a cash prize of $$1,200.$

He had the prize winnings deposited into his daughter Maggie's savings account.

For her ten years of service at PT Clinic, Susan received a commemorative pen worth $$200.$

Jake and Susan borrowed $$35,000$ from Wells Fargo bank on a personal loan to buy a car.

The Richardsons had the following expenditures in $2023$:

Medical expenses: Jake had shoulder surgery and Maggie broke her leg $-$ expenses total $$25,000,$ of which

insurance reimbursed $$10,100.$The Richardsons keep track of their gambling $($Jake plays blackjack, Susan buys lottery tickets$)$ and can

substantiate their winnings and losses.