Bizrate Electronics, Inc A C Corporation For the Year Ended December 31, 2018 Bizrate Electronics was organized on February 22, 2018, by Jon Jones and Billy Burt Jon contributed $270,000 cash and SBUX stock (acquired 01 01 2017) worth $30,000 for 60 of Bizrate stock, while Billy contributed $200,000 cash for 40 of the stock Jons social security number is 123 45 6789 and Billys is 987 65 4321 Bizrates employer ID number is 12 3456789 Bizrate began business on March 1, 2018 Bizrate is a retail electronics outlet located at 118812 Josey Lane, Louisville, KY 40018 Bizrate uses the accrual method of accounting, the first in, first out (FIFO) inventory method, and a calendar year a Includes salaries Jon Jones $200,000, Billy Burt $50,000 Depreciation for tax purposes $112,700 $2,500 is allocable to the investments in stock The remainder is related to Bizrates business $6,000 in fees were incurred in organizing Bizrate Includes $5,000 of premiums for term life insurance on Jon and Billy Bizrate is the beneficiary of these policies In addition, $4,300 of the health insurance premiums are attributable to coverage for Jon and his family, and $3,900 are attributable to coverage for Billy and his family Sold 500 shares of SBUX stock for $35,000 on December 1, 2018 The stock had been purchased by Jon on July 1, 2004 for $20,000 and was contributed by him on February 22, 2018, when it was worth $30,000 Also, on December 1, 2018 sold 100 shares of Grand View, Inc for $2,000 The stock had been purchased on March 1, 2018 for $3,000 At no time did Bizrate own more than 1 of the outstanding stock of these corporations Sold a delivery truck on September 23, 2018 for $35,000 The Truck had originally been purchased on May 1, 2018 for $33,400 Depreciation taken for book purposes was $7,000 Depreciation taken for tax purposes was $9,350 Bizrate owns less than 20 of the outstanding stock of each of these corporations I need help with IRS form 4797 I have no idea how to fill one out please help

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Bizrate Electronics, Inc. A C Corporation For the Year Ended December 31, 2018 Bizrate Electronics was organized on February 22, 2018, by Jon Jones and

Bizrate Electronics, Inc.

A C Corporation

For the Year Ended December 31, 2018

Bizrate Electronics was organized on February 22, 2018, by Jon Jones and Billy Burt. Jon contributed $270,000 cash and SBUX stock (acquired 01/01/2017) worth $30,000 for 60% of Bizrate stock, while Billy contributed $200,000 cash for 40% of the stock. Jons social security number is 123-45-6789 and Billys is 987-65-4321. Bizrates employer ID number is 12-3456789. Bizrate began business on March 1, 2018. Bizrate is a retail electronics outlet located at 118812 Josey Lane, Louisville, KY 40018. Bizrate uses the accrual method of accounting, the first-in, first-out (FIFO) inventory method, and a calendar year.

a. Includes salaries: Jon Jones $200,000, Billy Burt $50,000.

Depreciation for tax purposes $112,700.

$2,500 is allocable to the investments in stock. The remainder is related to Bizrates business.

$6,000 in fees were incurred in organizing Bizrate.

Includes $5,000 of premiums for term life insurance on Jon and Billy. Bizrate is the beneficiary of these policies. In addition, $4,300 of the health insurance premiums are attributable to coverage for Jon and his family, and $3,900 are attributable to coverage for Billy and his family.

Sold 500 shares of SBUX stock for $35,000 on December 1, 2018. The stock had been purchased by Jon on July 1, 2004 for $20,000 and was contributed by him on February 22, 2018, when it was worth $30,000. Also, on December 1, 2018 sold 100 shares of Grand View, Inc. for $2,000. The stock had been purchased on March 1, 2018 for $3,000. At no time did Bizrate own more than 1% of the outstanding stock of these corporations.

Sold a delivery truck on September 23, 2018 for $35,000. The Truck had originally been purchased on May 1, 2018 for $33,400. Depreciation taken for book purposes was $7,000. Depreciation taken for tax purposes was $9,350.