Question
How would I put this in a 2019 Tax Return? (Married Filing Jointly, Wendy is self-employed). Like what depreciations would I use, is it mid-quarter
How would I put this in a 2019 Tax Return? (Married Filing Jointly, Wendy is self-employed). Like what depreciations would I use, is it mid-quarter or half year, etc
Wendy purchased the following assets during 2019 that she uses 100% for her consulting business
Asset Purchase Date Purchase Price
Computer July 18, 2019 $3,412.00
Desk May 12, 2019 $5,810.00
Plotting Machine November 20, 2019 $12,412.00
Drafting Table October 11,2019 $6,416.00
2019 Lexus January 5, 2019 $65,802.00
She does not want to elect Section 179 or bonus depreciation
The Wilsons would like to contribute to the Presidential Election Campaign Fund. They would also like to receive a refund (if any) of tax they may have overpaid for the year. Their preferred method of receiving the refund is by check.
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