Shelly Beaman (social security number 412-34-5670) is single and resides at 540 Front Street, Ashland, NC 27898.

Shelly Beaman (social security number 412-34-5670) is single and resides at 540 Front Street, Ashland, NC 27898.

Shellys W-2 wages	$ 55,800
Federal withholding	6,544
Social security wages	55,800
Social security withholding	3,460
Medicare withholding	809
State withholding	3,148
1099-INT New Bank	632
1099-DIV XYZ, Incorporated
Ordinary dividends	258
Qualified dividends	258

Shelly had the following itemized deductions:

State income tax withholding (from W-2)	$ 3,348
State income tax paid with 2019 return	600
Real estate tax	4,200
Mortgage interest	11,800
Charitable contributions	2,500

Shelly also started her own home design consulting business in March 2020. The results of her business operations (Cash basis) for 2020 follows:

Gross receipts from clients		$ 154,000
Vehicle mileage	21,000 business miles (2,100 per month)
	32,000 total miles during the year
	2012 Chevy Suburban
	Placed in service 03/01/20
Postage		(750)
Office supplies		(1,500)
State license fees		(155)
Supplies		(5,300)
Professional fees		(2,500)
Design software		(1,000)
Professional education programs (registration)		(550)
Travel to education program
Airplane		(350)
Lodging $119/night 3 nights
Meals per diem for a day		55

Business Assets	Date Purchased	Cost
Laptop	6/08/20	$ 2,500
Computer	3/05/20	5,700
Printer	3/01/20	1,800
Copier	6/02/20	1,700
Furniture	4/01/20	5,000
Building	3/01/20	175,000
Phone		(600)
Internet service		(450)
Rent		(8,300)
Insurance		(1,700)

Shelly made a $29,000 estimated tax payment on June 15, 2020.

Shelly had the following itemized deductions:

State income tax withholding (from W-2)	$ 3,348
State income tax paid with 2019 return	600
Real estate tax	4,200
Mortgage interest	11,800
Charitable contributions	2,500

Shelly also started her own home design consulting business in March 2020. The results of her business operations (Cash basis) for 2020 follows:

Gross receipts from clients		$ 154,000
Vehicle mileage	21,000 business miles (2,100 per month)
	32,000 total miles during the year
	2012 Chevy Suburban
	Placed in service 03/01/20
Postage		(750)
Office supplies		(1,500)
State license fees		(155)
Supplies		(5,300)
Professional fees		(2,500)
Design software		(1,000)
Professional education programs (registration)		(550)
Travel to education program
Airplane		(350)
Lodging $119/night 3 nights
Meals per diem for a day		55

Business Assets	Date Purchased	Cost
Laptop	6/08/20	$ 2,500
Computer	3/05/20	5,700
Printer	3/01/20	1,800
Copier	6/02/20	1,700
Furniture	4/01/20	5,000
Building	3/01/20	175,000
Phone		(600)
Internet service		(450)
Rent		(8,300)
Insurance		(1,700)

Shelly made a $29,000 estimated tax payment on June 15, 2020.

She wants to contribute to the presidential election campaign and does not want anyone to be a third-party designee. For any missing information, make reasonable assumptions.

• 1040 PG 1
• 1040 PG 2
• Schedule 1
• Schedule 2

• Schedule A

• Schedule C
• Schedule SE
• Form 4562 P1
• Form 4562 P2
• Form 8995