Theodore E. Lariat is a single taxpayer born on September 22,1974 . He was appointed the new coach of the Nashville Country Stars soccer team in January 2022. His address, Social Security number and wages are reported on his Form W-2 (see separate tab). Theodore was previously the coach at a different soccer club in a different state. He sold his previous home for $528,000. His basis in the home was $400,000. Theodore purchased his previous home on January 5, 2021, and sold it on January 6, 2022. Obviously, he would not have sold the home if it were not for the new job. He is currently renting the home he lives in. Theodore was welcomed back to the Nashville area as he was formerly a star player on the Country Stars team. During his playing time he had purchased a modest home in Nashville but did not sell it, instead choosing to rent the home over the years. His rental home is located at 2300 Bransford Ave., Nashville, TN 37204 and was rented all year to his tenant. The tenant occupied the home on January 1 , 2022 , and pays rent of $1,500 per month for each month of 2022 (the lease is a two-year lease); however, Theodore required first and last months rent and a security deposit of $500 and all were paid on January 1,2022 . Theodore's rental expenses for the year are: Now that Theodore is back in Nashville, he actively manages the rental home. He probably spends about ten hours per month on the rental. Theodore received a 1099 -B from his broker (see separate tab). Required: Complete Theodore's federal tax return for 2022 . Determine if Form 8949 and Schedule D are required. If so, use those forms and Form 1040 ,Proceeds from Broker and Barter Exchange Transactions.

1. Theodore E. Lariat is a single taxpayer born on September 22,1974 . He was appointed the new
coach of the Nashville Country Stars soccer team in January 2022. His address, Social Security
number and wages are reported on his Form W-2 (see separate tab). Theodore was previously
the coach at a different soccer club in a different state. He sold his previous home for $528,000.
His basis in the home was $400,000. Theodore purchased his previous home on January 5, 2021,
and sold it on January 6, 2022. Obviously, he would not have sold the home if it were not for the
new job. He is currently renting the home he lives in. Theodore was welcomed back to the
Nashville area as he was formerly a star player on the Country Stars team. During his playing time
he had purchased a modest home in Nashville but did not sell it, instead choosing to rent the
home over the years. His rental home is located at 2300 Bransford Ave., Nashville, TN 37204 and
was rented all year to his tenant. The tenant occupied the home on January 1 , 2022 , and pays
rent of $1,500 per month for each month of 2022 (the lease is a two-year lease); however,
Theodore required first and last months rent and a security deposit of $500 and all were paid on
January 1,2022 . Theodore's rental expenses for the year are: Now that Theodore is back in
Nashville, he actively manages the rental home. He probably spends about ten hours per month
on the rental. Theodore received a 1099 -B from his broker (see separate tab). Required:
Complete Theodore's federal tax return for 2022 . Determine if Form 8949 and Schedule D are
required. If so, use those forms and Form 1040 ,Proceeds from Broker and Barter Exchange
Transactions