Linda is a self-employed antique dealer (NAICS code 453310). Linda rents space at a local antique shop but does most of the administrative work out of the home. The space at the local antique shop is for display only and has no office space available for Linda to work.

Linda has not incorporated the sole proprietorship or made an S election. Linda uses the cash basis of accounting. Linda does not want to defer any social security or medicare tax if given the option.

Sales: $56,335

Cost of Goods Sold: $25,774 (no beginning or ending inventory)

Advertising: $2,358

Contract Labor: $3,500 (required to and did issue 1099s)

Office Supplies: $357

Rent: $6,500

Merchant account fees: $973 (credit card processing fees for accepting credit cards)

Miscellaneous supplies: $474 (not Cost of Goods Sold)

Legal and Professional Fees: $400

Travel: $1,559

Meals: $313 (100% deductible)

Office in the home information (she wants to use the actual method and depreciate the home)

Square footage of office space: 195

Total square footage of the home: 3245

Mortgage interest: $14,432 (Original mortgage was $375,000)

Real Estate taxes: $4,575

Insurance: $1,647

Utilities: $3,194

Home purchased in 2018 for $445,000 (including the land value of $50,000) and placed in service 7/1/18

NEED HELP FILLING OUT SCHEDULE C FOR 2020