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Old MathJax webview I need help with line 13 schedule C and form 8829. can you show your work plz can you help me with
Old MathJax webview
I need help with line 13 schedule C and form 8829. can you show your work plz
can you help me with form 4562 part II line 14 part III line 17.
4: REHENSIVE PROBLEMS 1. Trish Himple owns a retail family clothing store. Her store is located at 4321 Heather Drive, Henderson, NV 89002. Her employer identification number is 95- 1234321 and her Social Security number is 123-45-6789. Trish keeps her books on an accrual basis. The income and expenses for the year are: Gross sales $340,000 Returns and allowances 14,000 Expenses: Beginning inventory (at cost) $ 85,000 Add: purchases 101,000 Cost of goods available for sale 186,000 Less: ending inventory (at cost) 71,000 Cost of goods sold $115,000 Rent 24,400 Insurance 2,000 Legal and accounting fees 5,000 Payroll 56,400 Payroll taxes 4,400 Utilities 2,200 Office supplies 750 Advertising 6,200 Trish's bookkeeper has provided the following book-basis fixed asset rollforward: Himple Retail Fixed Asset Rollforward 12/31/2020 (book basis) DEPR LIFE 5 IN SERVICE METHOD 12/15/2018 SL COST BASIS 9,900.00 9,900.00 ASSET CASH REGISTER 2018 TOTAL ADDITIONS 2018 2019 2020 DEPR DEPR DEPR 165.00 1,980.00 1,980.00 165.00 1,980.00 1,980.00 ACCUM DEPR 4,125.00 4,125.00 NET BOOK VALUE 5,775.00 5,775.00 9/12/2019 9/12/2019 SL SL 7 7 RETAIL FIXTURES FURNITURE 2019 TOTAL ADDITIONS TOTAL 4,750.00 3,900.00 8,650.00 18,550.00 226.19 678.57 185.71 557.14 411.90 1,235.71 165.00 2,391.90 3,215.71 904.76 742.85 1,647.61 5,772.61 3,845.24 3,157.15 7,002.39 12.777.39 SL SL SL 6/1/2020 6/1/2020 6/1/2020 5 7 5 DELIVERY TRUCK DESK AND CABINETRY COMPUTER 2020 TOTAL ADDITIONS TOTAL 37,500.00 11,900.00 2,800.00 52,200.00 70,750.00 4,375.00 991.67 326.67 5,693.34 165.00 2,391.90 8,909.05 4,375.00 991.67 326.67 5,693.34 11,465.95 33,125.00 10,908.33 2,473.33 46,506.66 59,284.05 The truck is not considered a passenger automobile for purposes of the luxury automobile limitations. Trish also has a qualified home office of 250 sq. ft. Her home is 2,000 sq. ft. Her 2015 purchase price and basis in the home, not including land, is $100,000 (the home's market value 150,000). She incurred the following costs in 2020 related to the entire home: Utilities $3,000 Cleaning 1,000 Insurance 1,100 Property taxes 2,000Step by Step Solution
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