Case 2 Based on the following information fill out page one of the 2019 1040, including Schedule 1, Schedule SE and Schedule C, for the following case: John Perry is self-employed as a management consultant as a sole proprietor. He's 75, single, and healthy. He's a very organized individual and gave you the following information during your first meeting. He even knows what his QBI deduction will be and included it for you below. If he's due a refund he'd like to apply that amount to his 2020 estimated tax as his income has increased significantly this year. Make sure to include your name as the Preparer on the 1040. Home Address: 100 Coral Ave. Spring, TX 77380 SSN - 123-45-6789 BrainPal, LLC Gross Revenue: $160,000 Business Address: 200 Coral Ave. Spring, TX 77380 Expenses: Advertising: $20,000 Office Supplies: $5,000 Business Related Travel Expenses: $5,000 Office Rental: $68,500 Interest from savings account: $250 Traditional IRA Distributions: $4,500 Short-term Capital Gains: $500 (Don't worry about Schedule D, just fill in net amount on line 6 of 1040) Short-term Capital Losses: $250 Social Security: $10,000 HSA Contributions: $2,500 Self-employment health insurance: $4,000 State and local taxes: $5,000 QBI Deduction: $12,300 (Assume he's correct, no need to fill out form 8995) Taxes withheld by quarterly payments: $5,000 Case 2 Based on the following information fill out page one of the 2019 1040, including Schedule 1, Schedule SE and Schedule C, for the following case: John Perry is self-employed as a management consultant as a sole proprietor. He's 75, single, and healthy. He's a very organized individual and gave you the following information during your first meeting. He even knows what his QBI deduction will be and included it for you below. If he's due a refund he'd like to apply that amount to his 2020 estimated tax as his income has increased significantly this year. Make sure to include your name as the Preparer on the 1040. Home Address: 100 Coral Ave. Spring, TX 77380 SSN - 123-45-6789 BrainPal, LLC Gross Revenue: $160,000 Business Address: 200 Coral Ave. Spring, TX 77380 Expenses: Advertising: $20,000 Office Supplies: $5,000 Business Related Travel Expenses: $5,000 Office Rental: $68,500 Interest from savings account: $250 Traditional IRA Distributions: $4,500 Short-term Capital Gains: $500 (Don't worry about Schedule D, just fill in net amount on line 6 of 1040) Short-term Capital Losses: $250 Social Security: $10,000 HSA Contributions: $2,500 Self-employment health insurance: $4,000 State and local taxes: $5,000 QBI Deduction: $12,300 (Assume he's correct, no need to fill out form 8995) Taxes withheld by quarterly payments: $5,000