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 line Trish Himple owns a retail family clothing store. Her store is located at Heather Drive, Henderson, NV Her employer identification number is and her Social Security number is 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 sq ft Her home is sq ft Her purchase price and basis in the home, not including land, is $the home's market value is $ She incurred the following costs in related to the entire home: Required: For tax purposes, Trish elected out of bonus depreciation in all years except 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 Form and Schedule SE Part II Special Depreciation Allowance and Other Depreciation Dont include listed property. See instructions. Special depreciation allowance for qualified property other than listed property placed in service during the tax year. See instructions Property subject to section f election Other depreciation including ACRS Part III MACRS Depreciation Dont include listed property. See instructions. Section A MACRS deductions for assets placed in service in tax years beginning before dots dots dots dots dots dots. 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 BAssets Placed in Service During Tax Year Using the General Depreciation System a Classification of property b Month and year placed in service c Basis for depreciation businessinvestment use onlysee instructionsd Recovery period e Convention f Method g Depreciation deduction a year property b year property c year property d year property
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