Answered step by step
Verified Expert Solution
Question
1 Approved Answer
8 Advertising . . . . . . . . . . . . . . . . . . . 8 fill in the
Advertising fill in the blank efcffcb
Office expense see instructions fill in the blank efcffcb
Car and truck expenses see Pension and profitsharing plans
instructions Rent or lease see instructions:
Commissions and fees a Vehicles, machinery, and equipment a fill in the blank efcffcb
Contract labor see instructions b Other business property b fill in the blank efcffcb
Depletion Repairs and maintenance
Depreciation and section Supplies not included in Part III
expense deduction not included Taxes and licenses fill in the blank efcffcb
in Part IIIsee instructions Travel and meals:
Employee benefit programs a Travel a fill in the blank efcffcb
other than on line b Deductible meals see instructionsb fill in the blank efcffcb
Insurance other than health fill in the blank efcffcb
Utilities
Interest see instructions: Wages less employment credits
a Mortgage paid to banks, etc.a a Other expenses from line a fill in the blank efcffcb
b Other b b Energy efficient commercial bldgs
Legal and professional services deduction attach Form
b
Total expenses before expenses for business use of home. Add lines through b fill in the blank efcffcb
Tentative profit or loss Subtract line from line fill in the blank efcffcb
Expenses for business use of your home. Do not report these expenses elsewhere. Attach Form unless using the simplified method. See instructions.
Simplified method filers only: Enter the total square footage of a your home: and b the part of your home used for business: Use the Simplified Method Worksheet in the instructions to figure the amount to enter on line
Net profit or loss Subtract line from line
If a profit, enter on both Schedule Form line and on Schedule SE line If you checked the box on line see instructions. Estates and trusts, enter on Form line
If a loss, you must go to line
fill in the blank efcffcb
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started