Question
Cassi Taxpayer (SSN 412-34-5670) who is single, has a home cleaning business she runs as a sole proprietorship. The following are the results from business
Cassi Taxpayer (SSN 412-34-5670) who is single, has a home cleaning business she runs as a sole proprietorship. The following are the results from business operations for the tax year 2014:
Gross receipts $203,000 Business mileage: 27,000 (miles incurred ratably throughout the year) 35,000 miles total during the year 2014 Van (over 6,000 lbs) placed in service 1/01/14, 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 5/18/14 $2,200 Computer 2 6/01/14 2,700 Printer 3/01/13 900 Copier 3/02/13 2,100 Furniture 3/01/13 6,000
Determine Cassis self-employment income and prepare Schedule C and Schedule SE. 179 expense is elected on all eligible assets ( 179 was not taken on assets purchased last year).
I got the Schedule C done but I am needing help figuring out what part of Scehdule SE to use.
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