Tax Return Project #2

Description

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Introduction:

For this project, you will be preparing a 2023 Individual Income Tax return. This project includes the following: Forms 1040 and 8949, Schedules 1, B, C and D and the QDCGT worksheet. Links are provided below.

NOTE: Do not complete any additional forms. Although the required forms and schedules will reference other form numbers and/or worksheets, those not listed above should NOT be completed. In addition to the above listed forms, a supplemental page or textbox showing the computation of total tax liability is required.ll instructions are included in the link: Tax Project 2 Download Tax Project 2

. Read the project carefully, including the “Additional Instructions & Hints” section. Many student questions are answered in this section. Download or print the forms provided below. You may type the project using the fillable pdf forms, or you may handwrite the project. You will submit the project as a file upload via Canvas.

NOTE: As the syllabus indicates, these are individual projects! You are free to utilize your notes, the textbook, and the form instructions for help. Find all instructions on the IRS websiteLinks to an external site.. If you have any questions or would like to check a number, contact me. No tax preparation software such as TurboTax may be used.




Explanation & Answer

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