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Trish Himple owns a retail family clothing store. Her store is located at 4 3 2 1 Heather Drive, Henderson, NV 8 9 0 0
Trish Himple owns a retail family clothing store. Her store is located at Heather Drive, Henderson, NV Her employer identification number is and her Social Security number is Trish keeps her books on the cash basis. The income and expenses for the year are:
Gross sales $
Returns and allowances
Expenses:
Beginning inventory at cost $
Add: purchases
Cost of goods available for sale $
Less: ending inventory at cost
Cost of goods sold $
Rent
Insurance
Legal and accounting fees
Payroll
Payroll taxes
Utilities
Office supplies
Advertising
The truck is not considered a passenger automobile for purposes of the luxury automobile limitations
Trish also has a qualified home office of sq ft Her home is sq ft Her purchase price and basis in the home, not including land, is $the homes market value is $ She incurred the following costs in related to the entire home:
Utilities $
Cleaning
Insurance
Property taxes
Required:
For tax purposes, Trish elected out of bonus depreciation in all years except She did not elect immediate expensing in any year. The tax lives of the assets are the same as the book lives shown in the fixed asset schedule above.
Please Complete Trishs Schedule C Form Form and Schedule SE
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