Use the tax rules of 2021!!!! not 2022. Only need finish sechedule D!!!!!!!!!!!!

Your client, Samuel E. Sullivan, is a 67 year-old retiree. Samuel's social security number is 593441777. He lives at 4478 N. Gonzaga Lane in Spokane, WA. His zip code is 99944 . Samuel is single and has the following income/expenses: Samuel sold 100 shares of Tesla common stock on July 11, 2021 for $33,200. He bought the stock on June 23, 2019 for $22,600. The adjusted basis of the stock was NOT reported to the IRS. Federal income tax was ONLY withheld on the pension. In total, $8,800 in federal taxes were withheld from the pension. Samuel's house is paid off so he has no home mortgage interest. He made $750 of charitable contributions during the year, paid $1,200 of state sales tax, and had $4,000 of out-of-pocket medical expenses. These are his only itemized deductions. Samuel has no dependents and he does not want to contribute to the Presidential Election Campaign Fund. He dislikes politicians. Please prepare a form 1040 for Samuel. Don't use the form 1040-SR, use the form 1040. In addition to the form 1040, you will need a Schedule B, Schedule D, and form 8949. Part II Long-Term Capital Gains and Losses-Generally Assets Held More Than One Year (see instructions) 11 Gain from Form 4797, Part l; 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 . . . . . . . . . . . . . . . . . . . . . . . . . 14 Long-term capital loss carryover. Enter the amount, if any, from line 13 of your Capital Loss Carryover Worksheet in the instructions 15 Net long-term capital gain or (loss). Combine lines 8a through 14 in column (h). Then, go to Part III on the back. \begin{tabular}{|l|l} 11 & \\ \hline 12 & \\ \hline 13 & \\ \hline & \\ 14 & ( \\ \hline & \\ 15 & \\ \hline \end{tabular} For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 11338H Schedule D (Form 1040) 2021 16 Combine lines 7 and 15 and enter the result. . . . . . . . . . . . . . . . . . . . . . . . . . . - 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. 17 Are lines 15 and 16 both gains? Yes. Go to line 18. No. Skip lines 18 through 21, and go to line 22. 18 If you are required to complete the 28% Rate Gain Worksheet (see instructions), enter the amount, if any, from line 7 of that worksheet 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 20 Are lines 18 and 19 both zero or blank and are you not filing Form 4952 ? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Forms 1040 and 1040-SR, 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. 21 If line 16 is a loss, enter here and on Form 1040, 1040-SR, or 1040-NR, line 7, the smaller of: -Thelossonline16;or-($3,000),orifmarriedfilingseparately,($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 Forms 1040 and 1040-SR, line 16. No. Complete the rest of Form 1040, 1040-SR, or 1040-NR. Schedule D (Form 1040) 2021 Your client, Samuel E. Sullivan, is a 67 year-old retiree. Samuel's social security number is 593441777. He lives at 4478 N. Gonzaga Lane in Spokane, WA. His zip code is 99944 . Samuel is single and has the following income/expenses: Samuel sold 100 shares of Tesla common stock on July 11, 2021 for $33,200. He bought the stock on June 23, 2019 for $22,600. The adjusted basis of the stock was NOT reported to the IRS. Federal income tax was ONLY withheld on the pension. In total, $8,800 in federal taxes were withheld from the pension. Samuel's house is paid off so he has no home mortgage interest. He made $750 of charitable contributions during the year, paid $1,200 of state sales tax, and had $4,000 of out-of-pocket medical expenses. These are his only itemized deductions. Samuel has no dependents and he does not want to contribute to the Presidential Election Campaign Fund. He dislikes politicians. Please prepare a form 1040 for Samuel. Don't use the form 1040-SR, use the form 1040. In addition to the form 1040, you will need a Schedule B, Schedule D, and form 8949. Part II Long-Term Capital Gains and Losses-Generally Assets Held More Than One Year (see instructions) 11 Gain from Form 4797, Part l; 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 . . . . . . . . . . . . . . . . . . . . . . . . . 14 Long-term capital loss carryover. Enter the amount, if any, from line 13 of your Capital Loss Carryover Worksheet in the instructions 15 Net long-term capital gain or (loss). Combine lines 8a through 14 in column (h). Then, go to Part III on the back. \begin{tabular}{|l|l} 11 & \\ \hline 12 & \\ \hline 13 & \\ \hline & \\ 14 & ( \\ \hline & \\ 15 & \\ \hline \end{tabular} For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 11338H Schedule D (Form 1040) 2021 16 Combine lines 7 and 15 and enter the result. . . . . . . . . . . . . . . . . . . . . . . . . . . - 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. 17 Are lines 15 and 16 both gains? Yes. Go to line 18. No. Skip lines 18 through 21, and go to line 22. 18 If you are required to complete the 28% Rate Gain Worksheet (see instructions), enter the amount, if any, from line 7 of that worksheet 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 20 Are lines 18 and 19 both zero or blank and are you not filing Form 4952 ? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Forms 1040 and 1040-SR, 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. 21 If line 16 is a loss, enter here and on Form 1040, 1040-SR, or 1040-NR, line 7, the smaller of: -Thelossonline16;or-($3,000),orifmarriedfilingseparately,($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 Forms 1040 and 1040-SR, line 16. No. Complete the rest of Form 1040, 1040-SR, or 1040-NR. Schedule D (Form 1040) 2021