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Janice Morgan, age 2 4 , is single and has no dependents. She is a freelance writer. In January 2 0 2 2 , Janice
Janice Morgan, age is single and has no dependents. She is a freelance writer. In January Janice
opened her own office located at Waldham Road, Pleasant Hill, NM She called her business
Writers Anonymous. Janice is a cash basis taxpayer. She lives at Stone Avenue, Pleasant Hill, NM
Her Social Security number is Janice's parents continue to provide health insurance
for her under their policy. Janice did not engage in any virtual currency transactions during the year and
wants to contribute to the Presidential Election Campaign Fund.
During Janice reported the following income and expense items connected with her business.
Income from sale of articles $
Rent
Utilities
Supplies
Insurance
Travel including restaurant meals of $
Janice purchased and placed in service the following fixed assets for her business. Janice wants to elect
immediate expensing under if possible.
Furniture and fixtures new costing $ on January
Computer equipment new costing $ on July
Janice's itemized deductions include:
State income tax $
Home mortgage interest paid to First National Bank
Property taxes on home
Charitable contribution to her alma mater, State College
Janice did not keep a record of the sales tax she paid. The amount allowed by the sales tax table is $
Janice reports interest income of $ on certificates of deposit at Second National Bank. She made
estimated tax payments of $ for
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