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INCOME TAX RETURN PROBLEM Jacqueline Lutz, SS # 079-83-1982, date of birth June 18,1972 , is a selfemployed mergers & acquisitions consultant. She uses the
INCOME TAX RETURN PROBLEM Jacqueline Lutz, SS \# 079-83-1982, date of birth June 18,1972 , is a selfemployed mergers \& acquisitions consultant. She uses the accrual method of accounting. Her principal business code number is 605720 . Her business address is 370 Lexington Avenue, New York, N.Y., 10021. During the year, she had the following business income and expenses: report the expenses on the appropriate lines (8 through 27 a) on Schedule C. You will also report the profit on Schedule 1 (attached), Line 12. a - Meals and Entertainment are only 50% deductible b - Mileage is deductible at a rate of 62.5 cents ($0.625) per mile REQUIRED: Prepare Jacqueline's 2022 Schedule C and Schedule SE Hint: To prepare this return MANUALLY, you MUST follow this sequence: Step1: Prepare Schedule C - Transfer profit to lines 3 and 9 of Schedule 1, and Schedule SE, Line 2. Step 2: If Schedule C shows a profit, prepare Schedule SE
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