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$100,000 Property taxes Supplies and fees Estimated tax payments-Federal land was $300,000 (building 80% ofthe cost, the land-20% of the cost). 2,000 15,000 1. Prepare

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$100,000 Property taxes Supplies and fees Estimated tax payments-Federal land was $300,000 (building 80% ofthe cost, the land-20% of the cost). 2,000 15,000 1. Prepare and attach 2018 tax form: Schedule C, pages I and 2 NOTE This should be the first 2 pages of expense. You do not have to complete the 4562 as we will do this togcther in class However, total depreciation expense must still be reported on Sch C Answer the following questions on a separate page 2. Are business expense deductions FOR AGI or FROM AGI? answer s and used to dtormine gain or loss on a sa $100,000 Property taxes Supplies and fees Estimated tax payments-Federal land was $300,000 (building 80% ofthe cost, the land-20% of the cost). 2,000 15,000 1. Prepare and attach 2018 tax form: Schedule C, pages I and 2 NOTE This should be the first 2 pages of expense. You do not have to complete the 4562 as we will do this togcther in class However, total depreciation expense must still be reported on Sch C Answer the following questions on a separate page 2. Are business expense deductions FOR AGI or FROM AGI? answer s and used to dtormine gain or loss on a sa

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