Which Forms? (continued)
Case Study (continued)
The Reals' Form 1040-SS; Schedule C - Part I & Part II and Schedule SE - Part I would be filled out with this information.
| Schedule C - Profit or Loss From Business - Part I and Part II |
Line 1: |
10,000 |
Line 3: |
10,000 |
Line 5: |
10,000 |
Line 7: |
10,000 |
Line 8 |
50 |
Line 22: |
250 |
Line 27a: |
1,825 |
Line 28: |
2,125 |
Line 29: |
7,875 |
Line 30: |
0 |
Line 31: |
7,875 |
|
| Schedule SE - Part I |
Line 2: |
7,875 |
Line 3: |
7,875 |
Line 4a: |
7,273 |
Line 4c: |
7,273 |
Line 6: |
7,273 |
Line 8d: |
0 |
Line 9: |
168,600 |
Line 10: |
902 |
Line 11: |
211 |
Line 12: |
1,113 |
|
Click here to view the Reals' completed Schedule C, Schedule SE and Form 1040-SS..
