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Besides the items already mentioned, the Coles had the following receipts during 2022 . Interest income- late December-2021, Sales' household has included David's divorced mother,

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Besides the items already mentioned, the Coles had the following receipts during 2022 . Interest income- late December-2021, Sales' household has included David's divorced mother, Sarah, who has been claimed as their dependent, In policy and a savings octar unexpectedly died of heart attack in her sleep. Unknown to Ella and David, Sarah had a life insurance After several near mishapss ( - Additional expenditures for 2022 include: office for David. The pros their present residence in April 2019, they devoted 450 of the 3,000 square feet of living space to an Expenses relating to the residence in 2022 ( $40,000 of which is attributable to the fand) and has since appreclated in value. Insurance In terms of depreciation, the Coles use the MACRS percentoge tables applicable to 39year nonresidential real proparty. As to depreciabie property (e.9., office furniture), David tries to avoid capitalization and uses whatever method provides the fastest write: off for tax purposes. - Ella works at a variety of offices as a substitute when a hygienist is 111 or on vacation or when one of the clinics is particulariy busy. (e.g., prior to the beginning of the school year). Assume that Ella is an employee (not an independent contractor). Besides her transportation, she must provide and maintain her own uniforms. Her expenses for 2022 appear below. Uniforms 420 David R, and Ella M. Cole (ages 39 and 38, respectively) are husband and wife who live at 1820 Elk Avenue, Denver, CO 80202 . David is a seif-employed consultant specializing in retail management, and Ella is a dental hygienist for a chain of dental clinics. - David earned consulting fees of $145,000 in 2022 . He maintains his own office and pays for all business expenses. The Coles are plan. employer but have chosen not to participate in its $401(k) retirement Airfare mational restaurant. These were sent by David during the Christmas hots. Ine business gifts consisted of $50 gift certificates to a During 2022, David drove his 2020 Ford Expedition 11000m personal use. He purchased the Expedition tax purposes. Parking and tolls relating to business 15,2019 , and has always used the automatic (standard) mileage method for - When the Coles purchased their present residence use total $340 in 2022

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