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Cassi (SSN 412-34-5670) has a cash-basis home cleaning business she runs as a sole proprietorship. The following are the results from business operations for the

Cassi (SSN 412-34-5670) has a cash-basis home cleaning business she runs as a sole proprietorship. The following are the results from business operations for the tax year 2020:

Gross receipts $ 203,000

Business mileage: 27,000 (miles incurred ratably throughout the year) 35,000 miles total during the year 2020

Van (over 6,000 pounds) placed in service 1/01/2020, cost 27,000

Postage (500)

Wages (26,000)

Payroll taxes (1,950)

Supplies (12,500)

Phone (1,250)

Internet service (600)

Rent (2,400)

Insurance (2,800)

Van expenses (4,500)

Business assets Date Purchased Cost

Computer 1 5/18/20 $ 2,200

Computer 2 6/01/20 2,700

Printer 3/01/19 900

Copier 3/02/19 2,100

Furniture 3/01/19 6,000

Required: Determine Cassis self-employment income and QBI deduction. Prepare Schedule C and Schedule SE. 179 expense is elected on all eligible assets ( 179 was not taken on assets purchased last year). (use table 6A-1)

Please help me with that. Thanks!

TABLE 6A-1 General Depreciation System: 200% or 150% Declining Balance Switching to Straight-Line*

Half-Year Convention
Recovery Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year
1 33.33 20.00 14.29 10.00 5.00 3.750
2 44.45 32.00 24.49 18.00 9.50 7.219
3 14.81 19.20 17.49 14.40 8.55 6.677
4 7.41 11.52 12.49 11.52 7.70 6.177
5 11.52 8.93 9.22 6.93 5.713
6 5.76 8.92 7.37 6.23 5.285
7 8.93 6.55 5.90 4.888
8 4.46 6.55 5.90 4.522
9 6.56 5.91 4.462
10 6.55 5.90 4.461
11 3.28 5.91 4.462
12 5.90 4.461
13 5.91 4.462
14 5.90 4.461
15 5.91 4.462
16 2.95 4.461
17 4.462
18 4.461
19 4.462
20 4.461
21 2.231
* May not be used for farm business property generally placed in service after 1988. See Table 14, Rev. Proc. 87-57, 1987-2 CB 687.

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