Lucy and ricky ricardo are married and live in the upper east side of new york. ricky, 53, is a singer/bandleader and lucy is an aspiring singer/actress (basically she wants to do anything that involves performing). they both live at home full-time. you will be preparing their income tax return for 2019. they will file married filing jointly and have one dependent (little ricky). their household income in 2019 is expected to be $90,000 and they expect it to be the same next year. lucy has not worked in 2019 and does not plan to work for the remainder of the year, such that ricky’s self-employment (schedule c) earnings represents the entire household income. in october of 2019, you called lucy and ricky to find out if they have questions about year-end tax planning. the following independent scenarios pertain to transactions they engaged in this tax year (2019), unless otherwise indicated: