Question: Require: Fill in Schedule C ( Line 1 3 , line 3 0 ) , Trish Himple owns a retail family clothing store. Her store

Require: Fill in Schedule C (Line 13, line 30), Trish Himple owns a retail family clothing store. Her store is located at 4321 Heather Drive, Henderson, NV 89002. Her employer identification number is 95-1234321 and her Social Security number is 123-45-6789. Trish keeps her books on the cash basis. The income and expenses for th year are: The truck is not considered a passenger automobile for purposes of the luxury automobile limitations. Trish also has a qualified home office of 250 sq. ft . Her home is 2,000 sq. ft . Her 2018 purchase price and basis in the home, not including land, is $100,000(the home's market value is $150,000). She incurred the following costs in 2023 related to the entire home: Required: For tax purposes, Trish elected out of bonus depreciation in all years except 2023. She did not elect immediate expensing in any year. The tax lives of the assets are the same as the book lives shown in the fixed asset schedule above. Complete Trish's Schedule C, Form 8829, Form 4562, and Schedule SE. Part II Special Depreciation Allowance and Other Depreciation (Don't include listed property. See instructions.)14 Special depreciation allowance for qualified property (other than listed property) placed in service during the tax year. See instructions 1415 Property subject to section 168(f)(1) election 1516 Other depreciation (including ACRS)16 Part III MACRS Depreciation (Don't include listed property. See instructions.) Section A 17 MACRS deductions for assets placed in service in tax years beginning before 2023 dots dots dots dots dots dots. ..........1718 If you are electing to group any assets placed in service during the tax year into one or more general asset accounts, check here ............................................................ Section B-Assets Placed in Service During 2023 Tax Year Using the General Depreciation System (a) Classification of property (b) Month and year placed in service (c) Basis for depreciation (business/investment use only-see instructions)(d) Recovery period (e) Convention (f) Method (g) Depreciation deduction 19a 3-year property b 5-year property c 7-year property d 10-year property
Require: Fill in Schedule C ( Line 1 3 , line 3 0

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