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i need help completing a schedule c. Comprehensive Problem 3-1 Gordon Temper 13 a single taxpayer (birthdate July 1,1985 and Social Security number 242-11-6767) that
i need help completing a schedule c.
Comprehensive Problem 3-1 Gordon Temper 13 a single taxpayer (birthdate July 1,1985 and Social Security number 242-11-6767) that operates a food truck that specializes in food from South Africa. His business is named "Mobile Peri Per" and although the truck moves around quite a bit, he generally parks it in an office park whete.he mantains an office and a supply of inventory. The business address is 150 Erie Street, Laramie, WY 82070 . The principal business code is 722300 . Gordon's food truck business is fairly new, so he also works part-time as a cook at a steak house restaurant in Laramie. His 2022 Form W-2 follows (see separate tab). Gordon provided the following financal information related to Mobife Peri Peri: Mobile Peri Peri uses the cash method of accounting and the cost method for inventory. Gordon also provided a transportation log that shows that the truck drove 2,600 business miles between January 1 and June 30 and 3,000 mdes from July 1 through the end of 2022. Gerdon's log also listed total mileage of 680 miles for his drive in his personal car from the Mobile Peri Peri office to his second job at the steak house. He did not provide mileage from his aparment to or from either work location. Dues art for a subscription to Food Truck Monthly, a trode magazire. His travel expense of $1,600 is for a trip to Steamboat Spring5, CO, for a one-day seminar on South African cuisine. He spent the day at the seminar and then went snowskang for two days before returning to Laramie. His airfare to 5 teamboat Springs was $400, his lodging was 5300 per night for three nights, and his meals were all restaurant meals at a cost of $100 per diy. The uniforms are white chef's coats and puffy chef's hats embroidered with the South Arican flag and the Mobse Puri Peri loge on front and back. Gordon was dworced in 2017 . Hes ex-pouse, Tanya Ramsey, pays him alimony of $300 per month. She blso has custody of their five children. One of the Ramsey's chilren, bully, age 17 , lived with Gordon for five months during 2022 and he estimates he provided more than one half of her support. Batfy has a part tame job at Taco shell fast-food restaurant and made 55,000 in 2022 Gordon received a sizable property settement as bart of the divorce and has invested wisely. He received tlie following forms 1099 for 2022 (see separate tab). Required: Complete Gordon's federal income tak return for 2022 on Form 1040, Schedule 1, schedale b, Schedule Cy and the Qualified Dividends and Copital Gains Tax Worksheet. A statement is required to be attached to a return for a nonbusiness bad debt, but this requirement may be ignored for this problem. You may igrore any related self-employment tixes. Assume no 1099-b is fied in association with the bad debt when filling out Form 8949 - You may need to complete the other forms betore completing the form 1040. - If an amount box does not require an entry or the answer is zero, enter " 0 ". - If required, round amounts to the nearest dollar. Comprehensive Problem 3-1 Gordon Temper 13 a single taxpayer (birthdate July 1,1985 and Social Security number 242-11-6767) that operates a food truck that specializes in food from South Africa. His business is named "Mobile Peri Per" and although the truck moves around quite a bit, he generally parks it in an office park whete.he mantains an office and a supply of inventory. The business address is 150 Erie Street, Laramie, WY 82070 . The principal business code is 722300 . Gordon's food truck business is fairly new, so he also works part-time as a cook at a steak house restaurant in Laramie. His 2022 Form W-2 follows (see separate tab). Gordon provided the following financal information related to Mobife Peri Peri: Mobile Peri Peri uses the cash method of accounting and the cost method for inventory. Gordon also provided a transportation log that shows that the truck drove 2,600 business miles between January 1 and June 30 and 3,000 mdes from July 1 through the end of 2022. Gerdon's log also listed total mileage of 680 miles for his drive in his personal car from the Mobile Peri Peri office to his second job at the steak house. He did not provide mileage from his aparment to or from either work location. Dues art for a subscription to Food Truck Monthly, a trode magazire. His travel expense of $1,600 is for a trip to Steamboat Spring5, CO, for a one-day seminar on South African cuisine. He spent the day at the seminar and then went snowskang for two days before returning to Laramie. His airfare to 5 teamboat Springs was $400, his lodging was 5300 per night for three nights, and his meals were all restaurant meals at a cost of $100 per diy. The uniforms are white chef's coats and puffy chef's hats embroidered with the South Arican flag and the Mobse Puri Peri loge on front and back. Gordon was dworced in 2017 . Hes ex-pouse, Tanya Ramsey, pays him alimony of $300 per month. She blso has custody of their five children. One of the Ramsey's chilren, bully, age 17 , lived with Gordon for five months during 2022 and he estimates he provided more than one half of her support. Batfy has a part tame job at Taco shell fast-food restaurant and made 55,000 in 2022 Gordon received a sizable property settement as bart of the divorce and has invested wisely. He received tlie following forms 1099 for 2022 (see separate tab). Required: Complete Gordon's federal income tak return for 2022 on Form 1040, Schedule 1, schedale b, Schedule Cy and the Qualified Dividends and Copital Gains Tax Worksheet. A statement is required to be attached to a return for a nonbusiness bad debt, but this requirement may be ignored for this problem. You may igrore any related self-employment tixes. Assume no 1099-b is fied in association with the bad debt when filling out Form 8949 - You may need to complete the other forms betore completing the form 1040. - If an amount box does not require an entry or the answer is zero, enter " 0 ". - If required, round amounts to the nearest dollar Step by Step Solution
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