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Trudy, who files married filing jointly, owns Trudys Consulting, a proprietorship that does software consulting. During the year, Trudys gross revenues were $23,000. She incurred
Trudy, who files married filing jointly, owns Trudys Consulting, a proprietorship that does software consulting. During the year, Trudys gross revenues were $23,000. She incurred the following expenses in her business:
Insurance $700
Software rentals 5,400
Journals and magazines 150
Training seminars 1,200
Supplies 1,300
Donations to political candidates 800
Accounting fees 600
Which of these expenses are deductible and where would they be reported on her 2020 income tax return? List form/schedule and line number, and list multiple if required.
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