Documents › Household & identity › D06

D06 · 2024 Form 1040 as filed (prepared by Delta River Tax Services)

Delta River Tax Services · prior_year_return · belongs to joint · tax year 2024 · received 2026-01-21 03:20 from client · 2024_tax_return_final.pdf · 12 pages

evidence for a check

Not cited by the engine; used as evidence by PASSIVE-CARRY, IRA-BASIS, DEPENDENT-TIN, DUE-DILIGENCE, CAPLOSS-CARRY

Delta River Tax ServicesD06 · page 1 / 12

2024 return, married filing jointly, Ngozi Okafor and Erik Lindqvist, 2814 Alder Glen Way, Sacramento. Dependents: Ada Lindqvist-Okafor SSN •••-••-1106; Theo Lindqvist-Okafor SSN •••-••-3390. Form 1040 page 1: F1040.1a Wages 156,039.0; F1040.2b Taxable interest 2,310.0; F1040.3a Qualified dividends 5,010.0; F1040.3b Ordinary dividends 6,240.0; F1040.7 Capital gain or (loss) -3,000; F1040.8 Additional income (Schedule 1) 71,900.0; F1040.9 Total income 233,489.0; F1040.10 Adjustments to income 5,080; F1040.11 Adjusted gross income 228,409.0; F1040.12 Standard deduction 29,200; F1040.13 Qualified business income deduction 16,744; F1040.15 Taxable income 182,465.0.

Delta River Tax ServicesD06 · page 2 / 12

Form 1040 page 2: F1040.16 Tax 29,898; F1040.19 Child tax credit / credit for other dependents 2,500; F1040.23 Other taxes (self-employment tax) 10,159; F1040.24 Total tax 37,557; F1040.25a Federal income tax withheld (W-2) 31,950; F1040.26 2024 estimated tax payments 6,000; F1040.33 Total payments 37,950; F1040.34 Overpaid (refunded) 393.

Delta River Tax ServicesD06 · page 3 / 12

Schedule 1: Sch1.3 Business income 71,900.0; Sch1.5 Rental real estate, partnerships, S corporations 0; Sch1.15 Deductible part of self-employment tax 5,080; Sch1.17 Self-employed health insurance deduction 0.

Delta River Tax ServicesD06 · page 4 / 12

Schedule B: SchB.1.1 Interest - Northlake Securities (bank sweep) 1,180; SchB.1.2 Interest - Meridian Brokerage (U.S. Treasury) 560; SchB.1.3 Interest - Sacramento Valley Bank 220; SchB.1.4 Interest - Sparbanken Norrland (SEK 3,700 at 10.56) 350; SchB.5.1 Dividends - Northlake Securities 2,480; SchB.5.2 Dividends - Meridian Brokerage 3,760; SchB.7a Foreign account Yes; SchB.7b Country Sweden.

Delta River Tax ServicesD06 · page 5 / 12

Schedule C: SchC.1 Gross receipts 128,400; SchC.8 Advertising 1,900; SchC.9 Car and truck (7,400 miles x 0.67) 4,958; SchC.11 Contract labor 12,400; SchC.15 Insurance (other than health) 1,350; SchC.17 Legal and professional 1,500; SchC.18 Office expense 1,050; SchC.22 Supplies 2,900; SchC.24a Travel 6,100; SchC.24b Deductible meals 1,650; SchC.25 Utilities 3,120; SchC.27a Other expenses (software 9,800; bank fees 290; print production 7,982) 18,072; SchC.28 Total expenses 55,000; SchC.29 Tentative profit 73,400; SchC.30 Home office (simplified, 300 sq ft) 1,500; SchC.31 Net profit 71,900.0; SchC.44a Business miles 7,400.

Delta River Tax ServicesD06 · page 6 / 12

Schedule D: SchD.7 Net short-term capital loss -6,200; SchD.15 Net long-term capital loss -11,000; SchD.16 Net capital loss -17,200; SchD.21 Capital loss allowed -3,000.

Delta River Tax ServicesD06 · page 7 / 12

Schedule E page 1 and Form 4562 summary: SchE.3A Rents - 1450 Fremont Way 36,600; SchE.9A Insurance - A 1,800; SchE.11A Management fees - A 2,928; SchE.12A Mortgage interest - A 15,400; SchE.14A Repairs - A 3,900; SchE.16A Taxes - A 6,100; SchE.18A Depreciation - A 13,891; SchE.20A Total expenses - A 44,019; SchE.21A Income or (loss) - A -7,419; SchE.3B Rents - 1200 Barton Hills Dr 4C (vacant 4 months) 18,128; SchE.9B Insurance - B 1,050; SchE.12B Mortgage interest - B 9,200; SchE.14B Repairs - B 6,800; SchE.16B Taxes - B 6,900; SchE.18B Depreciation - B 9,258; SchE.19B Other (HOA dues) - B 4,920; SchE.20B Total expenses - B 38,128; SchE.21B Income or (loss) - B -20,000; SchE.22A Deductible rental loss after limitation - A -9,674; SchE.22B Deductible rental loss after limitation - B -15,126; SchE.26 Total rental real estate -24,800.

Delta River Tax ServicesD06 · page 8 / 12

Schedule E page 2: SchE.28A Lindqvist Family Woodworks, Inc. - passive income 16,900; SchE.28B Ridgeline Real Estate Fund III LP - passive income 7,900; SchE.32 Total partnership and S corporation income 24,800; SchE.41 Total Schedule E 0.

Delta River Tax ServicesD06 · page 9 / 12

Form 8582: F8582.1b Rental activities - current-year losses -27,419; F8582.1c Prior-year unallowed losses (A 8,555; B 4,976) -13,531; F8582.3a Other passive activities - net income 24,800; F8582.4 Net passive loss -16,150; F8582.unallowed.A Unallowed loss carried to 2025 - 1450 Fremont Way -6,300; F8582.unallowed.B Unallowed loss carried to 2025 - 1200 Barton Hills Dr 4C -9,850.

Delta River Tax ServicesD06 · page 10 / 12

Forms 8606 and 2441: F8606.1 Nondeductible contribution for 2024 7,000; F8606.3 Total basis 7,000; F8606.14 Basis carried to 2025 7,000; F2441.provider Care provider Bright Oak Kids Club, 68-0412257; F2441.2 Qualified expenses - Theo 6,200; F2441.12 Dependent care benefits (W-2 box 10) 5,000; F2441.31 Credit 0.

Delta River Tax ServicesD06 · page 11 / 12

Schedule SE, Form 8995, Form 8938: SchSE.12 Self-employment tax 10,159; SchSE.13 Deduction for one-half of SE tax 5,080; F8995.15 QBI deduction 16,744; F8938 Form 8938 maximum value of foreign deposit account 151,880.

Delta River Tax ServicesD06 · page 12 / 12

California Form 540 and Schedule CA: CA540.13 Federal AGI 228,409.0; CA540.SchCA.adds Schedule CA additions (employer HSA contributions) 2,400; CA540.17 California AGI 230,809.0; CA540.18 California standard deduction 11,080; CA540.19 Taxable income 219,729.0; CA540.31 Tax 13,740; CA540.32 Exemption credits 1,220; CA540.64 Total tax 12,520; CA540.71 California income tax withheld 8,280; CA540.72 Estimated tax payments (paid 2025-01-15) 3,000; CA540.111 Amount you owe (paid 2025-03-28) 1,240.

Where this document landed

No return line cites it. Not cited by the engine; used as evidence by PASSIVE-CARRY, IRA-BASIS, DEPENDENT-TIN, DUE-DILIGENCE, CAPLOSS-CARRY

Evidence for checks: PASSIVE-CARRY IRA-BASIS DEPENDENT-TIN DUE-DILIGENCE CAPLOSS-CARRY

Extraction: extracted · 107 values

Used by engine: v1 ✓ · v2 ✓ · v3 ✓

107 extracted values