please fill out irs forms 8949, 8995, 6252, 8824, 8829 & 4562 from 2019

Matthew B. (age 42) and Courtney S. (age 41) Mumford are married and live at 11426 W. Antelope Drive, Sioux Falls, SD 57107. Matthew is the manager for The Pour House, a popular bar and grill in Sioux Falls. Courtney is a self-employed architect. They are calendar year, cash basis taxpayers. 1.) Matthew's annual salary from The Pour House is $98,000. He also earns an annual bonus. The amount is determined in late December based on performance during the year and is paid in January of the following year. Matthew's 2018 bonus was $6,000 (received in 2019), and his 2019 bonus was $7,000 (received in 2020). Matthew participates in his employer's group health insurance plan to which he contributed $7,200 in 2019 for medical coverage. These contributions are made with after-tax dollars. The health plan covers Matthew, Courtney, and their two dependent children. The Pour House does not provide any retirement benefits, but it has established a $ 401(k) plan to enable its employees to save for retirement. Matthew contributed $19,000 to the plan in 2019. Matthew commutes to and from work 6 days a week (a roundtrip of 18 miles) in the family SUV. During 2019, Matthew drove the SUV a total of 12,700 miles. 2.)Courtney is a licensed architect who works part time as an architectural consultant. Her professional activity code is 541310. Her major clients are real estate developers (both residential and commercial) for whom she prepares structural designs and construction plans. She also advises on building code requirements regarding the renovation and remodeling of existing structures. Courtney does some of her work at client locations and the remainder in her office at home (see item 3 below). Courtney collected $72,000 in consulting fees during 2019. This total includes a $3,000 payment for work she performed in 2018 and does not include $5,000 she billed in December for work performed in late 2019. In addition, Courtney has a $6,400 unpaid invoice for work done in 2017. This client was convicted of arson in August 2016 and is now serving a 5-year sentence in a state prison Courtney feels certain that she will never collect the $6,400 she is owed. Her business expenses for 2019 are as follows: Drafting supplies.............$4,800 Reproduction materials (e.g., molds, models, photos, blueprints, copies). 3,200 On-site work clothing (e.g., hip boots, safety glasses, safety helmet........860 Professional license fee.........400 Subscriptions to professional journals... ..250 Dues to professional organizations..... ..240 In addition, Courtney drove the family Acura (purchased on June 7, 2018) 940 miles on her job assignments. She uses the standard mileage method to deduct business costs related to the Acura. During 2019, Courtney drove the car a total of 10,000 miles. 3.)When the Mumfords purchased their home on February 2, 2017, they set aside 300 square feet (out of a total of 2,400 square feet) of living space for Courtney's office. The Mumfords do not use the simplified method for computing the home office deduction. As of January 1, 2019, the home had an adjusted basis of $240,000 ($40,000 of which is attributable to the land) for purposes of line 37 of Form 8829. The fair market value of the property was $282,000. Relevant information concerning the residence for all of 2019 appears below. Marino Per 3.)When the Mumfords purchased their home on February 2, 2017, they set aside 300 square feet (out of a total of 2,400 square feet) of living space for Courtney's office. The Mumfords do not use the simplified method for computing the home office deduction. As of January 1, 2019, the home had an adjusted basis of $240,000 ($40,000 of which is attributable to the land) for purposes of line 37 of Form 8829. The fair market value of the property was $282,000. Relevant information concerning the residence for all of 2019 appears below. Homeowner's insurance. ..$3,200 Repairs and maintenance.......1,800 Utilities...........6,200 Painting (office area only.........1,250 The cost of Courtney's office furniture and equipment was previously deducted under $ 179 in the years these assets were acquired. On June 29, 2019, she purchased a fireproof file cabinet for $800 to safeguard the blueprints of her structural designs and construction plans. Whenever possible, Courtney prefers to avoid depreciating capital expenditures over time. 4.)One of Courtney's clients was interested in building a shopping center on a tract of land she owned in Lincoln County. Courtney inherited the property from her uncle when he died on June 6, 1999. At that time, the land was valued at $40,000. It has since been rezoned for commercial use and has a current value of $200,000. On February 10,2019, Courtney exchanged the Lincoln parcel for a similar tract in Minnehaha County worth $190,000 and cash of $10,000 5.)On September 2, 2019, Courtney sold a tract of land in McCook County to a farmer who owned the adjoining property. The land was inherited from the same uncle who died in 1999 and was valued at $30,000 on June 6, 1999. Under the terms of the sale, Courtney received cash of $20,000 and a note receivable to be paid in four equal installments at 1-year intervals from the date of sale. Each note calls for the payment of $25,000 plus simple Interest of 8%. To the extent allowed by law, Courtney wants to defer recognition of gain for as long as possible. 6.) In early 2018, Matthew learned that one of the restaurant's best servers, Mindy Smith, was suffering domestic abuse at the hands of her husband Billy. When Billy started to abuse their 5-year-old daughter as well. Mindy decided it was time to leave. Before they left on April 14, 2018, Matthew loaned Mindy $5,500 to help her relocate with her daughter. Matthew had her sign an interest-free note due in 1 year. Matthew never heard from Mindy again. In late 2019, Matthew learned that Billy tracked Mindy and their daughter down and killed both of them before committing suicide. Given these tragic circumstances, Matthew has no expectation that the loan will ever be repaid MathamundhirunanidhaM AmilaMANaammanatha Mechanin 7.On August 5, 2017, Matthew purchased 1,000 shares of Farmers Markets America (FMA) common stock for $16 a share as part of its initial public offering. The corporation was formed to establish and operate farmers' markets in mid-size cities throughout the United States. Although some market locations were profitable, the venture as a whole proved to be a failure. In November 2019, FMA's remaining assets were seized by its creditors, and FMA stock became worthless. B.) In addition to the items previously noted, the Mumfords had the following receipts for 2019: Interest income from: General Motors corporate bonds 1900 City of Sioux, SD bonds 1400 Castle Bank Certificate of deposit 210 3510 3100 Qualified dividends from MG&E Inc. Refund from Homestuff 430 Loan repayment 4500 Cash gifts from courtney's parents 32000 2018 federal income tax refund 290 In December 2018, the Mumfords made a major purchase of household items (e.g. appliances, furniture, etc.) at HomeStuff. They called the manager when they realized they did not receive the advertised sale price. Consequently, the store corrected the mistake and sent a $430 refund to the Mumfords in January 2019. Four years ago, Matthew lent his sister Sarah $4,000 to help pay for a honeymoon trip following her wedding to John Caine. Matthew was pleasantly surprised when Sarah paid him back (plus interest of $500) on December 20, 2019. On March 20 of each year, Courtney's parents send a generous gift of cash as a birthday present. Just as she has done for the past 7 years, Courtney immediately invested the cash in her children's $ 529 college savings plans. 9.) The Mumfords had the following expenditures for 2019: Bandcontributions to haditionalURA $600 9.)The Mumfords had the following expenditures for 2019: Courtney's contributions to her traditional IRA Net gamabling loss $6000 1000 Life insurance premiums 2700 Medical and dental expenses not covered by insurance 16612 Taxes: 4100 Ad valorem taxes on personal residence State and local sales taxes from receipts Interest on home mortgage reported on form 1098 2800 6900 4000 Cash contributions: Feeding south dakota (EIN 36-3293534) 1750 South dakota governor's election campaign fund 300 2050 The $1,000 net gambling loss for 2019 is the difference between the Mumfords' gambling winnings of $1,200 and losses of $2,200. The life insurance premiums relate to the universal life insurance policies that Matthew and Courtney own. The first beneficiary on both policies is the other spouse, with the second beneficiaries being the children. Included in the medical expenses are $1,200 incurred in 2018, which were paid in early February 2019. While South Dakota does not impose income taxes on individuals, it does impose sales taxes. The Mumfords can substantiate the $2,800 in sales taxes paid based on their purchase receipts for the year. The local sales tax rate in Sioux Falls is 2%. (Hint: Be sure to check to see if the Optional Sales Tax Tables provide the Mumfords with a greater deduction.) Courtney contributed to the governor's campaign fund because she thinks her influence was key in getting the Minnehaha County land rezoned for commercial use (see item 4 above). 10.)The Mumfords maintain a household that includes their two children, Nickolas (age 16) and Kaleigh (age 19). Nickolas is a junior in high school and a talented wrestler. In hopes of competing at the state tournament, all of his free time is consumed with weight training and wrestling practices, Kaleigh graduated from high school on June 7, 2018, and is undecided about college. She is an accomplished vocalist and during 2019 earned $7,200 performing at various events (eg, weddings, funerals). Kaleigh placed most of her earnings in a savings account for future use and kept only a small amount to spend on herself. 11. Matthew's Form W-2 from The Pour House shows $15,800 withheld for Federal income tax. The Mumfords also made estimated tax payments to the IRS totaling $5,000 for 2019. 12. Relevant Social Security numbers are noted below. Name Social Security Number Matthew B. Mumford 123-45-6786 123-45-6787 Courtney S. Mumford Kaleigh J. Mumford 123-45-6788 Nickolas W. Mumford 123-45-6798 Requirements Prepare an income tax return (with all appropriate forms and schedules) for the Mumfords for 2019, using the following guidelines: The Mumfords choose to file a joint income tax return. The Mumfords do not wish to contribute to the Presidential Election Campaign Fund. The Mumfords do not own any foreign bank accounts or other investments. In addition, the Mumfords do not have any financial interests in virtual currencies. The Mumfords prefer to receive a refund of any overpaid taxes. The taxpayers are preparing their own return (l.e, no preparer is involved). For the past several years, the Mumfords have itemized their deductions from AGL The taxpayers have the necessary substantiation (eg, records, receipts) to support all transactions reported on their tax return. Make necessary assumptions for information not given in the problem but needed to complete the return. 8949 Form Department of the Tray Internal Revo Service Name Show on OMB No 15450074 Sales and Other Dispositions of Capital Assets Go to www.lrs.gov/Forma949 for instructions and the latest infomation 2019 File with your Schedule D to list your transactions for lines 1,2,3,0, and 10 of Schedule D. Archant Sen Ne 12A Social secur or mayor identification number Before you check Box A, B, or below, soe whether you received any Formis) 1099-B or substitute statement from your broker. A substitute statement will have the same information as Form 1099-8. Either will show whether your basis usually your cost was reported to the IRS by your broker and may even to you which box to check Part I Short-Term. Transactions involving capital assets you held 1 year or less are generally short-term (see instructions). For long-term transactions, see page 2 Note: You may aggregate all short-term transactions reported on Forms) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D line 18 you aren't required to report these transactions on Form 8949 (see instructions) You must check Box A, B, or below. Check only one box, more than one box applies for your short-term transactions complete a separate Form 8949, page 1. for each applicable box. If you have more short-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need (A) Short-term transactions reported on Forms) 1090-B showing busis was reported to the IRS see Note above (B) Short-term transactions reported on Forms) 1099-B showing basis wasn't reported to the IRS (C) Short-term transactions not reported to you on Form 1090-B 1 Description of property Example 100 XYZ00) Costwo Owe Date Pro See the New disposed of and see Mday. Medyo N Gain oro Suces Somo come the Amount of 2 Totals. Add the amount incolumis olid negative amor coal here and include on you Sched in 1b Box Asbove is checked. In 21 Box above inched or line a Box Cabove checked Note: you checked Box A above but the basis reported to the was correct, enter colored to the S, and extern dincolumn to correct the basis. See Column in the set instructions for how to figure the amount of edustment For Paperwork Reduction Act Notice, see your tax return instructions C Form 8040 2010 Name shown on Name and SSNotarpayudentication not required shown on the side Attachment Sequence No. 12A Page 2 Social security number or taxpayer identification number Before you check Box D, E or F below, see whether you received any Forms) 1099-8 or substitute statements from your broker. A substitute statement will have the same information as Form 1099-8. Either will show whether your basis usually your cost was reported to the RS by your broker and may even tell you which box to check Part II Long-Term. Transactions involving capital assets you held more than 1 year are generally long-term (see instructions). For short-term transactions, see page 1. Note: You may aggregate all long-term transactions reported on Forms) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D, line Ba; you aren't required to report these transactions on Form 8949 (see Instructions). You must check Box D, E, or F below. Check only one box. If more than one box applies for your long-term transactions, complete a separate Form 1949, page 2, for each applicable box. If you have more long-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need (D) Long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS ( Note above (Long-term transactions reported on Forms) 1099-B showing basis wasn't reported to the IRS (F) Long-term transactions not reported to you on Form 1099-8 Adjustment, any, to gain oro 1 tel your nouri Cool or other racon hl Gain of Description of property Dale cured Dates or See the Nobe below see the instructions Subro dodo Example 10 sh.XYZ CO) Moday price from God and and Com Moday. seeintruction these combine the rest inctions Coelho Amount of whom instructions more 2 Totals. Add the amount in columna dland negative amounts Enter each total here and include on you Schedule tine Box D above checked. line 9 Box E above is checked, or line 10 of Box Fabove is checked Note: If you checked Box D above but the basis reported to the IRS was incorrect, enter in column the basis as reported to the IRS and enter an adjustment in column) to correct the basis See Column in the separate instructions for how to figure the amount of the adjustment Form8949 Form 8995 Qualified Business Income Deduction OMB No 1545-0123 Simplified Computation 2019 Attach to your tax return. Attachment Go to www.irs.gov/Form8995 for instructions and the latest information. Sequence No. 55 Your taxpayer identification number Department of the Treasury Internal Revenue Service Name(s) shown on retum 1 (a) Trade, business, or aggregation name ( Taxpayer Identification number (c) Qualified business income of loss i ii iii iv V 5 8 2 Total qualified business income or loss). Combine lines 11 through tv, column (c) 2 3 Qualified business net (loss) carryforward from the prior year 3 4 Total qualified business income. Combine lines 2 and 3. If zero or less, enter-O 4 5 Qualified business income component. Multiply line 4 by 20% (0.20) 6 Qualified REIT dividends and publicly traded partnership (PTP) income or loss (see instructions) 6 7 Qualified REIT dividends and qualified PTP (loss) carryforward from the prior year. 7K 8 Total qualified REIT dividends and PTP income. Combine lines 6 and 7. If zero or less, enter-O- 8 REIT and PTP component. Multiply line 8 by 20% (0.20) 10 Qualified business income deduction before the income limitation. Add lines 5 and 9 11 Taxable income before qualified business income deduction 11 12 Net capital gain (see instructions). 12 13 Subtract line 12 from line 11. If zero or less, enter-O- 13 14 Income limitation Multiply line 13 by 20% (0.20) 15 Qualified business income deduction. Enter the lesser of line 10 or line 14. Also enter this amount on the applicable line of your return 16 Total qualified business (loss) carryforward. Combine lines 2 and 3. If greater than zero, enter-O- 17. Total qualified REIT dividends and PTP (loss) carryforward. Combine lines 6 and 7. I greater than zero, enter -- For Privacy Act and Paperwork Reduction Act Notice, see instructions. Cat. No. 37806C 9 9 10 14 15 16 17 Form 8995 2019) Form 6252 Department of the Treasury Internal Revenue Service Name shown on motor Installment Sale Income QUO NG 1545- Attach to your tax retum 2019 Use a separate form for each sale or other disposition of property on the installment method. Achat Go to www.irs.gov/Form252 for the latest information See 67 Identifying mer 1 Description of property 20 Date acquired (mm/dd/yyyy b Date sold (mm/dd/yyyy 3 Was the property sold to a related party (so instructions) after May 14, 1980? If "No," skip line 4 YN 4 Was the property you sold to a related party a marketable security? If "Yes," complete Part If "No." complete Partill for the year of sale and the 2 years after the year of sale Yes No Part 1 Gross Profit and Contract Price. Complete this part for all years of the installment agreement. 5 Selling price including mortgages and other debts. Don't include interest whether stated or unstated 5 6 Mortgages, debits, and other abilities the buyer assumed or took the property subject to see instructions) 6 7 Subtract line 6 from line 5 7 8 Cost or other basis of property sold 8 9 Depreciation allowed or allowable 9 10 Adjusted basis. Subtract line 9 from line 8 10 11 Commissions and other expenses of sale 11 12 Income recapture from Form 4797, Part II ( Instructions) 12 13 Add lines 10, 11, and 12 13 14 Subtractine 13 from line 5. If zero or less, don't complete the rest of this form (see instructions 14 15 If the property described on line 1 above was your main home, enter the amount of your excluded gain (see instructions). Otherwise, enter-O- 15 16 Gross profit. Subtract line 15 from line 14 16 17 Subtract line 13 from ine 6. I zero or less, enter-O- 17 18 Contract price. Add line 7 and line 17 18 Part Installment Sale Income. Complete this part for all years of the installment agreement 19 Gross proft percentage (expressed as a decimal amount Divide line 16 by line 18. (For years after the year of sale, see instructions 19 20 If this is the year of sale, enter the amount from Ine 17. Otherwise, enter-O- 20 21 Payments received during year (see instructions. Don't include interest, whether stated or unstated 21 22 Add lines 20 and 21 22 Payments received in prior years (see Instructions). Don't include interest whether stated or unstated 24 Installment sale income. Multiply line 22 by line 19 24 25 Enter the part of line 24 that is ordinary Income under the recapture rules se instructions 25 25 Subtract line 25 trom ine 24. Enter here and on Schedule D or Form 4797 000 instructions 26 Part III Related Party Installment Sale Income. Don't complete if you received the final payment this tax year. 27 Name, address, and taxpayer identifying number of related party Did the related party reselor dispose of the property second disposition") during this tax year? Y ON If the answer to question 28 is "Yes," complete lines 30 through 37 below unless one of the following conditions is met. Check the box that applies. a The second disposition was more than 2 years after the first disposition other than dispositions of marketable securities this box is checked, enter the date of disposition (mm/dd/yyy The first disposition was a sale or exchange of stock to the issuing corporation The second disposition was an involuntary conversion and the threat of conversion occurred after the first disposition d The second disposition occurred after the death of the original eller or buyer it can be established to the satisfaction of the IRS that tavoidance wasn't a principal purpose for either of the dispositions If this box is checked, attach an explanation (see instructions Selling price of property sold by related party instructions 30 Enter contract price from line 18 for your of first sale 31 Enter the smaller of line 30 or line 31 32 Total payments received by the end of your 2019 tax year(see Instructions) 34 Subtract line 33 from Ine 32. If zoro or less, enter-O- 34 35 Multiply line 34 by the gross profit percentage on line 19 for year of first sale 35 36 Enter the part of line 35 that is ordinary income under the recepture rules instructions 36 37 Subtract line 36 from line 35. Enter here and on Schedule D or Form 4797 se instructions 37 For Paperwork Reduction Act Notice, see page 4 Cat No. Pom 6252 88 b 24&&&8898 from 8824 OMB No 1545-1100 Like-Kind Exchanges (and section 1043 conflict-of-interest sales) Attach to your tax return. Go to www.lrs.gov/Form8824 for instructions and the latest Information 2019 Department of the Try Intl Revue Service Name shown on tax retum Attachment Sequence No 109 Identifying number Parti Information on the Like-Kind Exchange Note: Generally, only real property should be described on line 1 or 2. However, you may describe personal and/or real property on line 1 or 2 if you are filing this form to report the disposition of property exchanged in a previously reported related party like-kind exchange. If the property described on line 1 or line 2 is real or personal property located outside the United States, indicate the country, Description of like-kind property given up 1 2 Description of like-kind property received: 3 Dato like kind property given up was originally acquired month day, year 3 MWDOWY 4 Date you actually transferred your property to the other party (month day, year) 4 MMDO/YYY 5 Date like-kind property you received was identified by written notice to another party (month day year). See instructions for 45-day written identification requirement 5 MMDOWY 6 Date you actually received the like-kind property from other party (month day. year). See instructions 6 MMDOMY 7 Was the exchange of the property given up or received made with a related party, either directly or indirectly (such as through an intermediary? See Instructions. If "Yes.complete Partit. "No, go to Part Yes No Note: Do not file this form if a related party sold property into the exchange, directly or indirectly (such as through an intermediary: that property became your replacement property, and none of the exceptions in line 11 applies to the exchange. Instead, report the disposition of the property as if the exchange had been a sale. If one of the exceptions on line 11 applies to the exchange, complete Part Il Part II Related Party Exchange Information 8 Name of related wity shit you Related party identifying number Address to steel and apt, room, ono oy or town, and ZIP 9 During this tax year (and before the date that is 2 years after the last transfer of property that was part of the exchange), did the related party sell or dispose of any part of the like-kind property received from you (or an intermediary) in the exchange? Yes No 10 During this tax your and before the date that is 2 years after the last transfer of property that was part of the exchange), did you sell or dispose of any part of the like-kind property you received? Yes NO Mboth Ines 9 and 10 are "No" and this is the year of the exchango, go to Part 1, both lines 9 and 10 are "No' and this is not the year of the exchange stop here. If eitherine 9 or line 10 is "Yes" complete Part and report on this year's tax return the deferred gain or loss) from line 24 unless one of the exceptions on line 11 applies 11 If one of the exceptions below applies to the disposition, check the applicable box . The disposition was after the death of either of the related parties. b The disposition was an involuntary conversion, and the threat of conversion occurred after the exchange. You can establish to the satisfaction of the IRS that neither the exchange nor the disposition had tax avoidance as one of its principal purposes. If this box is checked, attach an explanation. See instructions For Paperwork Reduction Act Notice, see the instructions Cat No 12311A Form 88242019 For 10242019) Namas shown on tax retum. Do not enter name and social security number of shown on other side Page 2 Your social security number Part III Realized Gain or (Loss), Recognized Gain, and Basis of Like-Kind Property Received Caution: If you transferred and received (a) more than one group of like-kind properties or (b) cash or other (not like kind property. see Reporting of multi-asset exchanges in the instructions Note: Complete lines 12 through 14 only if you gave up property that was not like-kind. Otherwise, go to line 15. 12 Fair market value (FMV) of other property given up 12 13 Adjusted basis of other property given up 13 14 Gain or loss) recognized on other property given up. Subtract line 13 from line 12. Report the gain or loss) in the same manner as if the exchango had been a sale 14 Caution: If the property given up was used previously or partly as a home, see Property used as home in the instructions. 15 Cash received, FMV of other property received, plus not liabilities assumed by other party, reduced (but not below zero) by any exchange expenses you incurred. See instructions 15 16 FMV of like-kind property you received 16 17 Add lines 15 and 16 17 18 Adjusted basis of like-kind property you gave up, net amounts paid to other party, plus any exchange expenses not used on line 15. See Instructions 18 19 Realized gain or loss). Subtract line 18 from line 17 19 20 Enter the smaler of line 15 or line 19, but not less than zero 20 21 Ordinary income under recapture rules. Enter here and on Form 4797. line 16. See Instructions 21 22 Subtract line 21 from line 20. If zero or less, enter. If more than zero, enter here and on Schedule D or Form 4797, unless the installment method applies. See instructions 22 23 Recognized gain. Add lines 21 and 22 23 24 Deferred gain or (045). Subtract line 23 from line 19. If a related party exchango, se instructions 24 25 Basis of like-kind property received. Subtract line 15 from the sum of lines 18 and 23 25 Part IV Deferral of Gain From Section 1043 Conflict-of-Interest Sales Note: This part is to be used only by officers or employees of the executive branch of the federal government or judicial officers of the federal government including certain spouses, minor or dependent children, and trustees as described in section 1043) for reporting nonrecognition of gain under section 1043 on the sale of property to comply with the conflict-of-interest requirements. This part can be used only if the cost of the replacement property is more than the basis of the divested property 26 Enter the number from the upper right comer of your certificate of divestiture. (Do not attach a copy of your certificate. Keep the certificate with your records.) 27 Description of divested property 28 Description of replacement property Date divested property was sold month, day, year) 29 MWDD/YYYY Sales price of divested property. See Instructions 30 ** 898 8 31 Basis of divested property Realized gain. Subtract line 31 from line 30 32 33 Cost of replacement property purchased within 60 days after date of sale Subtract line 33 from line 30. If zero or less, ontero 34 35 Ordinary income under recapture rules. Enter here and on Form 4797, line 10. See Instructions 35 36 Subtract line 35 from line 34. If zero or loss, enter-O-. If more than zero, enter here and on Schedule D of Form 4797. See Instructions 36 37 Deferred gain. Subtract the sum of lines 35 and 36 from line 32 37 38 Basis of replacement property. Subtract line 37 from line 33 38 For8824 For 8829 Department of the Try Internal Revenue Service Name of proprietor Expenses for Business Use of Your Home OMB No 1545-0074 File only with Schedule C (Form 1040 or 1040-SR). Use a separate Farm 8829 for each 2019 home you used for business during the year. Attachment Go to www.irs.gov/Form6.829 for instructions and the latest Information Secuence No. 176 Your social security number % Part 1 Part of Your Home Used for Business 1 Area used regularly and exclusively for business, regularly for daycare, or for storage of inventory or product samples (see instructions) 1 2 Total area of home 2 3 Divide line 1 by line 2. Enter the result as a percentage 3 For daycare facilities not used exclusively for business, go to line 4. All others, go to line 7 4 Multiply days used for daycare during year by hours used per day hr. 5 If you started or stopped using your home for daycare during the year, see instructions, otherwise, enter 8,760 5 hr. 6 Divide line 4 by line 5. Enter the result as a decimal amount 6 7 Business percentage. For daycare facilities not used exclusively for business, multiply line 6 by line 3 enter the result as a percentage). All others, enter the amount from line 3 7 Part II Figure Your Allowable Deduction B Enter the amount from Schedule C, line 29, plus any gain derived from the business use of your home, minus any loss from the trade or business not derived from the business use of your home (see instructions B See Instructions for columns and before completing lines 9-22 9 Casualty losses (see Instructions) 9 10 Deductible mortgage Interest (see instructions) 10 11 Real estate taxes (see instructions) 11 12 Add lines 9, 10 and 11 12 13 Multiply line 12, column (blby line 7 13 14 Add line 12, column(a), and Ino 13 14 15 Subtract line 14 from line 8. If zero or less enter-O- 15 16 Excess mortgage interest (see instructions) 16 17 Excess real estate taxes (see instructions) 17 18 Insurance 18 19 Rent 19 20 Repairs and maintenance 20 21 Utilities 21 22 Other expenses (see instructions) 22 23 Add lines 16 through 22 23 24 Multiply line 23. column (bl. by line 7 24 25 Carryover of prior year operating expenses (see instructions 25 26 Add line 23, column(a), line 24, and line 25 26 27 Allowable operating expenses. Enter the smaller of line 15 or line 25 27 28 Limit on excess Casualty losses and depreciation. Subtract line 27 from line 15 28 29 Excess casualty losses (soo instructions 29 30 Depreciation of your home from line 42 below 30 31 Carryover of prior year excess casualty losses and depreciation section 31 32 Add lines 29 through 31 32 Allowable excess casualty losses and depreciation Enter the smaller of line 28 or line 32 33 34 Add lines 14, 27, and 33 34 35 Casualty loss portion, if any, from lines 14 and 33. Carry amount to Form 4684 se instructions) 35 36 Allowable expenses for business use of your home. Subtract line 35 from line 34. Enter here and on Schedule C, line 30. If your home was used for more than one business instructions 30 Part III Depreciation of Your Home 37 Enter the smaller of your home's adjusted basis or its for market value see Instructions 37 30 Value of land included on line 37 38 39 Basis of building. Subtract line 38 from line 37 39 40 Business basis of building. Multiply line 39 by line 7 40 41 Depreciation percentage see instructions) 41 42 Depreciation allowable see instructions). Multiply line 40 by line 41. Enter here and on line 30 above 42 Part IV Carryover of Unallowed Expenses to 2020 Operating expenses. Subtract line 27 from line 26. If less than zero, enter-O- 43 44 Excess casual losses and depreciation Subtract line 33 from In 32.athan zero, entero 44 For Paperwork Reduction Act Notion, see your tax return instructions Cat No 132M www. For 1829 2018 form 4562 OMB No 1545-0172 Depreciation and Amortization (Including Information on Listed Property) Attach to your tax retum. Go to www.irs.gov/Forms for instructions and the latest Information Business or act to which this formas 2019 De her Bence 2014 Nesinorum Attachment Sequence No 179 Identifying number - + Part 1 Election To Expense Certain Property Under Section 179 Note: If you have any listed property, complete Part V before you complete Part I. 1 Maximum amount (see instructions) 2 Total cost of section 179 property placed in service (se instructions) 3 Threshold cost of section 179 property before reduction in limitation (see instructions) 4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter-O- 5 Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter-O-. If married filing separately, see instructions 6 al Description of property Cost business only! Il sected cost 2 3 5 9 7 Usted property. Enter the amount from line 29 7 8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 8 9 Tentative deduction. Enter the smaller of line 5 or line 8 10 Carryover of disallowed deduction from line 13 of your 2018 Form 4562 10 11 Business Income limitation, Enter the smaller of business income (not less than 200 or line 5. See Instructions 11 12 Section 179 expense deduction. Add lines 9 and 10, but don't enter more than line 11 12 13 Carryover of disallowed deduction to 2020. Addnes 9 and 10 less line 12 13 Note: Don't use Part II or Part III below for listed property. Instead, use Part V. Part Il Special Depreciation Allowance and Other Depreciation (Don't include listed property. See instructions.) 14 Special depreciation allowance for qualified property (other than listed property placed in service during the tax year. See Instructions 14 15 Property subject to section 16811) election 15 16 Other depreciation (including ACRS 16 Part III MACRS Depreciation (Don't include listed property. See instructions.) Section A 17 MACRS deductions for assets placed in service in tax years beginning before 2019 17 18 If you are electing to group any assets placed in service during the tax year into one or more general asset accounts, check here Section 3-Assets Placed in Service During 2019 Tax Year Using the General Depreciation System To and lication of property Bar Recovery Conversion period Method -- 19 Depreciation diction 1993-year property b5-year property C 7year property d 10-year property 15-year property f 20 year property 9 25-year property 25 ye S/L h Residential rental 275 yrs MM SL property 275 MM S/L Nonresidential roal property MM Section Assets Placed in Service During 2010 Tax Your Using the Alternative Depreciation System 20a Class life SIL b 12-year 12 SAL c 30-year Soyra MM d 40-year 40 yrs M 5/ Part IV Summary See instructions.) 21 21 Listed property. Entor amount from line 28 22 Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column) and line 21. Enter here and on the appropriate lines of your return, Partnerships and corporations-5e instructions 22 23 For assets shown above and placed in service during the current year, enter the portion of the basis attributable to section 263A costs 23 For Paperwork Reduction Act Notice, se separate instructions Gel No 1200N Bom 4662010 Page 2 Form 4562.2010 Part V Listed Property (include automobiles, certain other vehicles, certain aircraft, and property used for entertainment, recreation, or amusement.) Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a, 24b, columns (a) through (c) of Section A, all of Section 8, and Section C if applicable Section A-Depreciation and Other Information (Caution: See the instructions for limits for passenger automobiles.) 24a Do you have evidence to support the business/investment use claimed? Yes No 246 "Yes" is the evidence written2 Yes No b) Bus id N Basis for director 00 Type of property is Deeptoed Recovery Method Investment Cost or other basis business Deprecation Cected section 170 vehicles in service percentage period Convention deduction Cool 25 Special depreciation allowance for qualified listed property placed in service during the tax year and used more than 50% in a qualified business use. See Instructions 25 26 Property used more than 50% in a qualified business use: % 90 96 27 Property used 50% or less in a qualified business use: 9 S/L- % S/L S/L- 28 Add amounts in column hl. Tines 25 through 27. Enter here and on line 21, page 1 28 29 Add amounts in column 0. line 26. Enter here and on line 7. page 1 29 Section B-Information on Use of Vehicles Complete this section for vehicles used by a sole proprietor, partner, or other more than 5% owner, or related person. If you provided vehicles to your employees, first answer the questions in Section to see if you meet an exception to completing this section for those vehicles, fel 00 30 Total business/investment miles driven during Vehicle Vad 2 WwWide Vehicle 4 Vehicles Venice the year (don't include commuting miles) 31 Total commuting miles driven during the year 32 Total other personal (noncommuting miles driven 33 Total miles driven during the year. Add Ines 30 through 32 34 Was the vehicle available for personal Yes No Yes No Yes No Yes No Yos No Yos No use during off-duty hours? 35 Was the vehicle used primarily by a more than 5% owner or related person? 36 is another vehicle available for personal use? Section C-Questions for Employers Who Provide Vehicles for Use by Their Employees Answer these questions to determine you meet an exception to completing Section for vehicles used by employees who aren't more than 5% owners or related persons. See Instructions 37 Do you maintain a written policy statement that prohibits al personal use of vehicles, including commuting. by Yes No your employees? 38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your employees? See the instructions for vehicles used by corporate icon, directors, or 1% or more owners 39 Do you treat all use of vehicles by employees as personal? 40 Do you provide more than five vehicles to your employees, obtain information from your employees about the use of the vehicles, and retain the information received? 41 Do you meet the requirements concerning qualified automobile demonstration use? See instructions Note: your answer to 37.38.39.40 or 41 is "Yes" don't complete Section for the covered vehicles Part 1 Amortization Decin of costs Demon Amoneer Code motion pe perder Am 42 Amortization of costs that begins during your 2019 tax year see instructions 43 Amortization of costs that began before your 2019 tax year 44 Total. Add amounts In column (0).See the instructions for where to report 43 44 Form 456200