What goes on Line 13 Schedule C?

What goes on line 17 Form 4562?

Instructions Comprehensive Problem 8-1 Trish Himple owns a retail family clothing store. Her store is located at 4321 Heather Drive, Henderson, NV 89002. Her employer identification number is 95-1234321 and her Social Security number is 123-45-6789. Trish keeps her books on an accrual basis. The income and expenses for the year are: Gross sales $352,000 Returns and allowances 4,000 Expenses: $ 85,000 Beginning inventory (at cost) Add: purchases 101,000 Cost of goods available for sale $186,000 Instructions Cost of goods available for sale Less: ending inventory (at cost) $186,000 75,000 Cost of goods sold Rent $111,000 24,200 1,800 Insurance Legal and accounting fees Payroll 5,600 56,430 4,400 Payroll taxes Utilities 2,100 Office supplies 750 6,200 Advertising Instructions Trish's bookkeeper has provided the book-basis fixed asset roll forward to be used in computing the depreciation (see separate tab). For tax purposes, Trish elected out of bonus depreciation in all years except 2019. 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. The truck is not considered a passenger automobile for purposes of the luxury automobile limitations. Trish also has a qualified home office of 250 sq. ft. Her home is 2,500 sq. ft. Her 2014 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 2019 related to the entire home: Utilities $2,800 900 Cleaning Insurance 1,100 Property taxes 2,000 Schedule of Fixed Asset Rollforward Himple Retail Fixed Asset Rollforward 12/31/2019 (book basis) COST 2017 BASIS DEPR 9,900.00 1,815.00 DEPR 2018 2019 ACCUM NET BOOK ASSET DEPR DEPR VALUE IN SERVICE METHOD LIFE 2/15/2017 SL 5 CASH REGISTER 2017 TOTAL ADDITIONS 5,775.00 DEPR 1,980.00 1,980.00 1,980.00 1,980.00 4,125.00 4,125.00 9,900.00 1,815.00 5,775.00 RETAIL FIXTURES 7 169.64 678.57 848.21 10/12/2018 10/12/2018 SL SL7 FURNITURE 4,750.00 3,900.00 8,650.00 139.29 557.14 696.43 3,901.79 3,203.57 7,105.36 2018 TOTAL ADDITIONS 308.93 1,235.71 1,544.64 Schedule of Fixed Asset Rollforward RETAIL FIXTURES 10/12/2018 SL 169.64 678.57 848.21 7 7 4,750.00 3,900.00 FURNITURE 10/12/2018 139.29 557.14 696.43 3,901.79 3,203.57 7,105.36 11,230.36 2018 TOTAL ADDITIONS 8,650.00 1,544.64 308.93 2,288.93 1,235.71 3,215.71 TOTAL 18,550.00 1,815.00 7,319.64 DELIVERY TRUCK 6/1/2019 4,375.00 4,375.00 33,125.00 37,500.00 11,900.00 6/1/2019 SL 7 991.67 991.67 DESK AND CABINETRY COMPUTER 6/1/2019 5 2,800.00 326.67 326.67 10,908.33 2,473.33 46,506.66 57,737.02 2019 TOTAL ADDITIONS 52,200.00 5,693.34 5,693.34 TOTAL 70,750.00 1,815.00 2,288.93 8,909.05 13,012.98 Schedule C 8 Advertising ............. 6,200 18 Office expense (see instructions) ..... 18 750 750 9 Car and truck expenses (see 19 Pension and profit-sharing plans .... instructions) ............ 20 Rent or lease (see instructions): ... 10 Commissions and fees .... 10 a Vehicles, machinery, and equipment 20a 11 Contract labor (see instructions) 11 b Other business property ......... 20b 24,200 12 Depletion ......... 12 21 Repairs and maintenance ....... 21 13 Depreciation and section 179 22 Supplies (not included in Part III) ... 22 expense deduction (not included 23 Taxes and licenses .... 23 4,400 in Part III) (see instructions)... 13 30,980 x 4 Travel and meals: .............. 14 Employee benefit programs a Travel .................... 24a Lotbalbone line 101 L ed..lilla maca Form 4562 Part II Special Depreciation Allowance and Other Depreciation (Don't include listed property. See instructions.) 14 52,200 (1) election 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Special depreciation allowance for qualified property (other than listed property) placed in service during the tax year. See instructions .... 15 Property subject to section 168(f)(1) election. 16 Other depreciation (including ACRS) ......... Part III MACRS Depreciation (Don't include listed property. See instructions.) Section A 16. thordanistian Cineludina nepal 16 17 MACRS deductions for assets placed in service in tax years beginning before 2019 ........ 17 3,651 x 18 If you are electing to group any assets placed in service during the tax year into one or more general asset accounts, check here ...... Section B-Assets Placed in Service During 2019 Tax Year Using the General Depreciation System