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Please help calculate car and truck expense for schedule c. The answer should be 1513. If you don't know how to get that please don't
Please help calculate car and truck expense for schedule c.
The answer should be 1513. If you don't know how to get that please don't answer
During 2022, Cassandra Albright, who Is single, worked part-time at a doctor's office and recelved a W-2. She also had a consulting practice that had the following Income and expenses: Cassandra (SSN 412-34-5670) resides at 1400 Medical Street, Apartment 3A, Lowland, CA 92273. Her W-2 shows the following: Cassandra had the following itemized deductions: Cassandra made two federal estimated payments of $6,500 each on April 15 and June 15. SCHEDULE C Profit or Loss From Business (Form 1040) (Sole Proprietorship) Department of the Treasury Go to www.irs.gov/ScheduleC for instructions and the latest information. Internal Revenue Service Attach to Form 1040, 1040-SR, 1040-NR, or 1041; partnerships generally must file Form 1065. Attachment Sequence No. 09 Name of proprietor Social security number (SSN) Cassandra Albright A Principal business or profession, including product or service (see instructions) B Enter code from instructions Consulting Business C Business name. If no separate business name, leave blank. D Employer ID number (EIN), (see instr.) E Business address (including suite or room no.). City, town or post office, state, and ZIP code F Accounting method: (1) Cash (2) Accrual (3) Other (specify) G Did you "materially participate" in the operation of this business during 2022 ? If "No," see instructions for limit on losses Yes No H If you started or acquired this business during 2022, check here I Did you make any payments in 2022 that would require you to file Form(s) 1099? See instructions J If "Yes," did you or will you file required Forms 1099? Part I Income 1 Gross receipts or sales. See instructions for line 1 and check the box if this income was reported to you on Form W-2 and the "Statutory employee" box on that form was checked 2 Returns and allowances 3 Subtract line 2 from line 1 4 Cost of goods sold (from line 42) 5 Gross profit. Subtract line 4 from line 3 6 Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) 7 Gross income. Add lines 5 and 6 \begin{tabular}{l|r|r|} \multicolumn{1}{c|}{ Part II } & \multicolumn{1}{c|}{ Expenses. } & Enter expenses for business use of your ho \\ \hline 8 Advertising \\ 9 Car and truck expenses (see \\ instructions) \end{tabular} During 2022, Cassandra Albright, who Is single, worked part-time at a doctor's office and recelved a W-2. She also had a consulting practice that had the following Income and expenses: Cassandra (SSN 412-34-5670) resides at 1400 Medical Street, Apartment 3A, Lowland, CA 92273. Her W-2 shows the following: Cassandra had the following itemized deductions: Cassandra made two federal estimated payments of $6,500 each on April 15 and June 15. SCHEDULE C Profit or Loss From Business (Form 1040) (Sole Proprietorship) Department of the Treasury Go to www.irs.gov/ScheduleC for instructions and the latest information. Internal Revenue Service Attach to Form 1040, 1040-SR, 1040-NR, or 1041; partnerships generally must file Form 1065. Attachment Sequence No. 09 Name of proprietor Social security number (SSN) Cassandra Albright A Principal business or profession, including product or service (see instructions) B Enter code from instructions Consulting Business C Business name. If no separate business name, leave blank. D Employer ID number (EIN), (see instr.) E Business address (including suite or room no.). City, town or post office, state, and ZIP code F Accounting method: (1) Cash (2) Accrual (3) Other (specify) G Did you "materially participate" in the operation of this business during 2022 ? If "No," see instructions for limit on losses Yes No H If you started or acquired this business during 2022, check here I Did you make any payments in 2022 that would require you to file Form(s) 1099? See instructions J If "Yes," did you or will you file required Forms 1099? Part I Income 1 Gross receipts or sales. See instructions for line 1 and check the box if this income was reported to you on Form W-2 and the "Statutory employee" box on that form was checked 2 Returns and allowances 3 Subtract line 2 from line 1 4 Cost of goods sold (from line 42) 5 Gross profit. Subtract line 4 from line 3 6 Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) 7 Gross income. Add lines 5 and 6 \begin{tabular}{l|r|r|} \multicolumn{1}{c|}{ Part II } & \multicolumn{1}{c|}{ Expenses. } & Enter expenses for business use of your ho \\ \hline 8 Advertising \\ 9 Car and truck expenses (see \\ instructions) \end{tabular}Step by Step Solution
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