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Find and prepare PDF versions of the following IRS forms and Schedules, if applicable: Schedule D , Schedule F , Schedule 1 , Schedule 2
Find and prepare PDF versions of the following IRS forms and Schedules, if applicable:
Schedule D Schedule F Schedule Schedule Schedule A and Schedule SE; and
o Form pages and up to line
Name: Jane Doe
SSN:
Address: Any Street, Anytown, CA
Marital Status: Single
Minor Children:
Summary:
Jane Doe DOE runs a sheep farm and road side fruit stand the "Farm" The Farm began in and has been in continuous
operation ever since. This is DOE main source of income. The Farm has employees but no contractors. The Farm reports its financial
activity using the accrualbasis method details below
Upon starting the Farm, DOE purchased several assets, as detailed below. For all assets, DOE's accountant claimed depreciation as
follows:
Truck Lbs GVW: $ Price MACRS DBHY
Truck Lbs GVW: $ Price MACRS DB HY
Trailer: $ Price MACRS DBHY
In DOE had the following financial activity:
Mortgage Interest on Form : $Farm
Mortgage Interest on Form : $Personal Residence
State Income Taxes Paid in : $
Property Taxes: $Farm
Property Taxes: $Personal Residence
Medical Expenses: $ of which $ was for health insurance premiums
Charitable Cash Gifts: $
Form INT: $ in Box
Form DIV ABC Inc.: $ in Box a
Form DIV XYZ Inc.: $ in Box a
IRA Contribution: $
The Farm's Financials:
EIN:
DBA: Anytown Farm to Table
Address: Rich Earth Road, Anytown, CA
Payments receivedearned from customers: $
Payments madedue and other information for her business:
Beginning inventory $
$ cost of livestock and grain purchases;
Ending inventory $
$ equipment rental fees;
$ in accounting and legal fees;
$ tree care and conservation expenses;
$ in utilities and water;
$ in veterinary expenses;
o $ in car and truck expenses business use
$ in wage labor; and
$ in payroll taxes.
Note: When preparing DOE's tax return, please make any and all elections that will give DOE the lowest total income tax in
For simplicity purposes, please disregardignore QBI deductions and use the IRS tax rate tables to compute the income tax
due. Do not use the capital gain rates to compute tax. Please stop once you reach Form Page Line
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