I need help with lines 1, 3, 6, and 11
please explain thank you
During 2019, Jason and Vicki Hurting, who are married with two children and filing jointly, had the following tax information. Jason owns a cash-basis landscaping business, and Vicki works as a sales executive for a manufacturing business Jason (SSN 412-34-5670) and Vicki (SSN 412-34-5671) reside at 123 Bate Street, Bright, AL 36116. Both children are under the age of 17 Jason Jr. (412-34-5672), date of birth 7/20/11 Catlin (412-34-5673), date of birth 1/08/15 Vicki's W-2 information is as follows: Wages Federal withholding Social security wages Social security withholding Medicare withholding State withholding $94,000 22,000 94.000 5,828 1.363 42) Other income 1099-G Alabama state tax refund is taxable because $4,700 was deducted on last year's return 1099-INT First Bank of Alabama 1099-DIV IAM, Inc.Ordinary dividends Qualified dividends 225 Jason's landscaping business (business code 811490): Revenue Wages Payroll tax Cell phone charge Assets ($ 179 elected) $153,000 41,600 3,182 425 Item Truck (100% business) Mower 1 Mower 2 Equipment Date Purchased 2/05/19 3/08/19 3/08/19 6/25/19 Business Use Amount Percentage $ 28,000 100% 12,000 100 3, 400 100 1,595 100 The truck was over 6,000 lbs. The Hurtings had the following itemized deductions: State income tax withholding (from above) Real estate tax Personal property tax Mortgage interest Charitable contributions $4,700 2,100 425 8,300 2,400 The Hurtings made four federal estimated payments of $2,500 each on their due dates. OSNO 1545-0172 2019 Attachment Sequence No 179 Identifying number 412-34-5670 Form 4562 Depreciation and Amortization (Including Information on Listed Property) Department of the Treasury Attach to your tax return internal Revenue Service (99) Go to www.lrs.gov/Form4562 for instructions and the latest Information Name() shown on retum Business of activity to which this formats Jason Hurting Landscaping Parti Election To Expense Certain Property Under Section 179 Note: Wyou have any listed property, complete Part before you complete Parti 1 Mascimum amount (see instructions) 2 Total Cost of section 179 property placed in service (see instructions) 3 Threshold cost of section 179 property before reduction in imitation (see instructions 4 Reduction in limitation. Subtract line from line 2. zero or less enter 5 Dollar limitation for tax year. Subtract line 4 from line 1. W zero or less, enter-Off married fling separately see instructions Cont (a) Description of property c) Elected cost Various pieces of equipment 12,000 3.400 X 44,995 44,995 16,995 28.000 16905 7 Listed property Enter the amount from line 29 Total elected cost of section 179 property. Add amounts incolumn a nd? 9 Tentative deduction Enter the smaller of line 5 or line 8 10 Carryover of disallowed deduction from Ine 13 of your 2018 Form 4562 11 Business comentation Enter the smaller of business income to less than 2 ) 12 Section 179 expense deduction. Addines 9 and 10, but don't enter more than line 11 3.400 3.400 0 16,995 3,400 in Se c tions During 2019, Jason and Vicki Hurting, who are married with two children and filing jointly, had the following tax information. Jason owns a cash-basis landscaping business, and Vicki works as a sales executive for a manufacturing business Jason (SSN 412-34-5670) and Vicki (SSN 412-34-5671) reside at 123 Bate Street, Bright, AL 36116. Both children are under the age of 17 Jason Jr. (412-34-5672), date of birth 7/20/11 Catlin (412-34-5673), date of birth 1/08/15 Vicki's W-2 information is as follows: Wages Federal withholding Social security wages Social security withholding Medicare withholding State withholding $94,000 22,000 94.000 5,828 1.363 42) Other income 1099-G Alabama state tax refund is taxable because $4,700 was deducted on last year's return 1099-INT First Bank of Alabama 1099-DIV IAM, Inc.Ordinary dividends Qualified dividends 225 Jason's landscaping business (business code 811490): Revenue Wages Payroll tax Cell phone charge Assets ($ 179 elected) $153,000 41,600 3,182 425 Item Truck (100% business) Mower 1 Mower 2 Equipment Date Purchased 2/05/19 3/08/19 3/08/19 6/25/19 Business Use Amount Percentage $ 28,000 100% 12,000 100 3, 400 100 1,595 100 The truck was over 6,000 lbs. The Hurtings had the following itemized deductions: State income tax withholding (from above) Real estate tax Personal property tax Mortgage interest Charitable contributions $4,700 2,100 425 8,300 2,400 The Hurtings made four federal estimated payments of $2,500 each on their due dates. OSNO 1545-0172 2019 Attachment Sequence No 179 Identifying number 412-34-5670 Form 4562 Depreciation and Amortization (Including Information on Listed Property) Department of the Treasury Attach to your tax return internal Revenue Service (99) Go to www.lrs.gov/Form4562 for instructions and the latest Information Name() shown on retum Business of activity to which this formats Jason Hurting Landscaping Parti Election To Expense Certain Property Under Section 179 Note: Wyou have any listed property, complete Part before you complete Parti 1 Mascimum amount (see instructions) 2 Total Cost of section 179 property placed in service (see instructions) 3 Threshold cost of section 179 property before reduction in imitation (see instructions 4 Reduction in limitation. Subtract line from line 2. zero or less enter 5 Dollar limitation for tax year. Subtract line 4 from line 1. W zero or less, enter-Off married fling separately see instructions Cont (a) Description of property c) Elected cost Various pieces of equipment 12,000 3.400 X 44,995 44,995 16,995 28.000 16905 7 Listed property Enter the amount from line 29 Total elected cost of section 179 property. Add amounts incolumn a nd? 9 Tentative deduction Enter the smaller of line 5 or line 8 10 Carryover of disallowed deduction from Ine 13 of your 2018 Form 4562 11 Business comentation Enter the smaller of business income to less than 2 ) 12 Section 179 expense deduction. Addines 9 and 10, but don't enter more than line 11 3.400 3.400 0 16,995 3,400 in Se c tions
