Trish Himple owns a retail family clothing store. Her store is located at 4321 Heather Drive, Henderson, NV 89002. Her employer identification number is 951234321 and her Social Security number is 123-45-6789. Trish keeps her books on the cash basis. The income and expenses for the year are: The truck is not considered a passenger automobile for purposes of the luxury automobile limitations. Trish also has a qualified home office of 250sq.ft. Her home is 2,000 sq. ft. Her 2017 purchase price and basis in the home, not including land, is $100,000 (the home's market value is $150,000 ). She incurred the following costs in 2022 related to the entire home: Himple Retail Fixed Asset Rollforward 12/31/2022 (book basis) 30 Expenses for business use of your home. Do not report these expenses elsewhere. Attach Form 8829 unless using the simplified method. See instructions. Simplified method filers only: Enter the total square footage of (a) your home: and (b) the part of your home used for business: . Use the Simplified Method Worksheet in the instructions to figure the amount to enter on line 30 . 31 Net profit or (loss). Subtract line 30 from line 29. - If a profit, enter on both Schedule 1 (Form 1040), line 13, and on Schedule SE, line 2. - If a profit, enter on both Schedule 1 (Form 1040), line 13, and on Schedule SE, line 2. (If you checked the box on line 1, see instructions). Estates and trusts, enter on Form 1041, line 3. \begin{tabular}{|l|l|} \hline 31 & 350,000 \\ \hline \end{tabular} - If a loss, you must go to line 32. 32 If you have a loss, check the box that describes your investment in this activity. See instructions. - If you checked 32a, enter the loss on both Schedule 1 (Form 1040), line 3 and on Schedule SE, 32a all investment is at line 2. (If you checked the box on line 1, see the line 31 instructions). Estates and trusts, enter on Form \} 1041, line 3. 32b a Some investment is - If you checked 32b, you must attach Form 6198. Your loss may be limited. not at risk. For Paperwork Reduction Act Notice, see the separate instructions. Cat. No. 11334P Schedule C (Form 1040) 2022 Trish Himple owns a retail family clothing store. Her store is located at 4321 Heather Drive, Henderson, NV 89002. Her employer identification number is 951234321 and her Social Security number is 123-45-6789. Trish keeps her books on the cash basis. The income and expenses for the year are: The truck is not considered a passenger automobile for purposes of the luxury automobile limitations. Trish also has a qualified home office of 250sq.ft. Her home is 2,000 sq. ft. Her 2017 purchase price and basis in the home, not including land, is $100,000 (the home's market value is $150,000 ). She incurred the following costs in 2022 related to the entire home: Himple Retail Fixed Asset Rollforward 12/31/2022 (book basis) 30 Expenses for business use of your home. Do not report these expenses elsewhere. Attach Form 8829 unless using the simplified method. See instructions. Simplified method filers only: Enter the total square footage of (a) your home: and (b) the part of your home used for business: . Use the Simplified Method Worksheet in the instructions to figure the amount to enter on line 30 . 31 Net profit or (loss). Subtract line 30 from line 29. - If a profit, enter on both Schedule 1 (Form 1040), line 13, and on Schedule SE, line 2. - If a profit, enter on both Schedule 1 (Form 1040), line 13, and on Schedule SE, line 2. (If you checked the box on line 1, see instructions). Estates and trusts, enter on Form 1041, line 3. \begin{tabular}{|l|l|} \hline 31 & 350,000 \\ \hline \end{tabular} - If a loss, you must go to line 32. 32 If you have a loss, check the box that describes your investment in this activity. See instructions. - If you checked 32a, enter the loss on both Schedule 1 (Form 1040), line 3 and on Schedule SE, 32a all investment is at line 2. (If you checked the box on line 1, see the line 31 instructions). Estates and trusts, enter on Form \} 1041, line 3. 32b a Some investment is - If you checked 32b, you must attach Form 6198. Your loss may be limited. not at risk. For Paperwork Reduction Act Notice, see the separate instructions. Cat. No. 11334P Schedule C (Form 1040) 2022
