Janice Morgan 2012 Tax Return_T12_For_Records

c note we carry line c to

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Unformatted text preview: ls and entertainment provided to: Not For Filing Not For Filing an employee (if you properly treat the expense as wages subject to withholding) a nonemployee (to the extent the expenses are includible in the gross income of that person and reported on Form 1099-MISC. d. Expenses that are 100% deductible from the Mini-Worksheet for Snacks and Meals for Daycare Providers . . . . . . . . . . . .d. This line is only calculated for Premium users. Note: e. Sum of a,b,c, and d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . e. We carry the sum of the following to 24b. Note: 50% line a above 80% line b above 100% line c above 100% line d above Advertising . . . . . . . . . . 8 Car/truck exps . . . . . . . 9 Commissions, fees . . . 10 Contract labor . . . . . . . 11 Depletion . . . . . . . . . . . 12 Deprec. and sec. 179 deduction . . . . . . . 13 14. Employee benefit . . . . . 14 15. Insurance . . . . . . . . . . . 15 16. Interest a. Mortgage (to bank) . . . . 16a b. Other interest . . . . . . . . . 16b 17. Legal/profession . . . . . 17 0 Office expense . . . . . . . 18. Pension,profit-sh . . . . . 19. Rent or lease 20. a. Vehicle/machn/equip . . . . b. Other bus property . . . . . . Repair/Maintenance 21. Supplies . . . . . . . . . . . . 22. Taxes, licenses . . . . . . 23. 24a. Travel . . . . . . . . . . . . . . 24b. Deductible meals . . . . . Utilities . . . . . . . . . . . . . 25. Wages,less job cr . . . . 26. 27a Other exp (ln 48) . . . . . 27b Reserved 20a 20b 21 22 23 24a 24b 25 26 27a 27b 16,500 28. Total expenses before bus. use of home.(Ln 8 through 27a) . . . . . . . . . . . . 29. Profit/loss before business use of home. Line 7 - line 28 . . . . . . . . . . . . . . . . . 30. Expenses for business use of your home, from Form 8829 . . . . . . . . . . . . . . . 28 29 30 91,700 -6,700 0 31. Net profit or (loss). Subtract line 30 from line 29 . . . . . . . . . . . . . . . . . . * If a profit, enter on Form 1040, line 12 and on Schedule SE, line 2 If you e...
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