Microsoft Word - Spring 2020 Tax Project .doc 1 Individual Income Taxation Prof. E. Gary Class Project Due April 23, 2020 Alice J. and Bruce M. Jones are married taxpayers who file a joint return....

File by Mail Instructions for your 2018 Federal Tax Return
Important: Your taxes are not finished until all required steps are completed.
New Rochelle, NY 11203
Page 1 of 2
ALice & Bruce M Jones
Pinebrook Blvd             , Apt. 675
(If you prefer, you can still e-file. Go to the end of these instructions for
more information.)
|
Balance | Your federal tax return (Form 1040) shows you owe a balance due of
Due/ | $29,305.00.
Refund |
| Note: If you file your tax return after April 15, 2019, late payment
| penalties and interest may apply. If any late payment penalties and
| interest are due, the Internal Revenue Service will send you a bill.
______________________________________________________________________________________|
|
What You | Your tax return - The official return for mailing is included in
Need to | this printout. Remember to sign and date the return.
Mail |
| Your payment - Mail a check or money order for $29,305.00, payable
| to "United States Treasury". Write your Social Security number and
| "2018 Form 1040" on the check. Mail the return and check together.
|
| Attach the first copy or Copy B of Form(s) W-2 to the front of your
| Form 1040.
|
| Mail your return, attachments and payment to:
| Internal Revenue Service
| P.O. Box 37008
| Hartford, CT 06176-7008
|
| Deadline: Postmarked by Monday, April 15, 2019
|
| Note: Your state return may be due on a different date. Please
| review your state filing instructions.
|
| Don't forget correct postage on the envelope.
______________________________________________________________________________________|
|
What You | Keep these instructions and a copy of your return for your records.
Need to | If you did not print one before closing TurboTax, go back to the
Keep | program and select File tab, then select the Print for Your Records
| category.
______________________________________________________________________________________|
|
2018 | Adjusted Gross Income $ 304,730.00
Federal | Taxable Income $ 152,114.00
Tax | Total Tax $ 46,166.00
Return | Total Payments/Credits $ 17,500.00
Summary | Payment Due $ 28,666.00
| Penalty/Interest $ 639.00
| Balance Due With Penalty/Interest $ 29,305.00
| Effective Tax Rate 7.82%
______________________________________________________________________________________|
File by Mail Instructions for your 2018 Federal Tax Return
Important: Your taxes are not finished until all required steps are completed.
(If you prefer, you can still e-file. Go to the end of these instructions for
more information.)
ALice & Bruce M Jones
Pinebrook Blvd             , Apt. 675
New Rochelle, NY 11203
Page 2 of 2
|
Estimated | Estimated Payments for 2019 - Do not mail these vouchers with your
Payments to | 2018 income tax return. The estimated vouchers displayed below are
Make for Next | used to prepay your 2019 income taxes that will be filed next year.
Year's Return | If you expect to owe more than $1,000 in 2019, you may incur
| underpayment penalties if you do not make these four estimated tax
| payments. This printout includes your estimated tax vouchers for your
| federal estimated taxes (Form 1040-ES).
|
| Mail payments according to the schedule below:
|
| Voucher Number Due Date Amount
| 1 04/15/2019 $ 6,391.00
| 2 06/17/2019 $ 6,391.00
| 3 09/16/2019 $ 6,391.00
| 4 01/15/2020 $ 6,391.00
|
| Include a separate check or money order for each payment, payable to
| "United States Treasury". Write your social security number and "Form
| 1040-ES" on each check.
|
| Mail payments to:
| Internal Revenue Service
| P.O. Box 37007
| Hartford, CT 06176-7007
______________________________________________________________________________________|
|
Changed | You can still file electronically. Just go back to TurboTax, select
Your Mind | the File tab, then select the E-file category. We'll walk you
About | through the process. Once you file, we will let you know if your
e-filing? | return is accepted (or rejected) by the Internal Revenue Service.
______________________________________________________________________________________|
I Detach Here and Mail With Your Payment I
Department of the Treasury Calendar Year '
File only if you are making a payment of estimated tax by check or money order. Mail this
voucher with your check or money order payable to the 'United States Treasury.' Write
your social security number and ' Form 1040-ES' on your check or money order. Do not
send cash. Enclose, but do not staple or attach, your payment with this voucher.
Amount of estimated tax
you are paying by check
Gor money order . . . . . . . . .
Internal Revenue Service Due Form 1040-ES Payment Voucher 1
NEW ROCHELLE NY 11203
6,391.
PINEBROOK BLVD              APT 675
111-11-1111
BRUCE M JONES
222-22-2222
INTERNAL REVENUE SERVICE
PO BOX 37007
HARTFORD CT 06176-7007
04/15/2019 2019
2019
REV 10/17/18 TTMAC 1555
ALICE JONES
111111111 DJ JONE 30 0 201912 430
I Detach Here and Mail With Your Payment I
Department of the Treasury Calendar Year'
File only if you are making a payment of estimated tax by check or money order. Mail this
voucher with your check or money order payable to the 'United States Treasury.' Write Amount of estimated tax
you are paying by check
Gor money order . . . . . . . . .
Internal Revenue Service Due Form 1040-ES Payment Voucher 2
your social security number and ' Form 1040-ES' on your check or money order. Do not
send cash. Enclose, but do not staple or attach, your payment with this voucher.
NEW ROCHELLE NY 11203
6,391.
PINEBROOK BLVD              APT 675
111-11-1111
BRUCE M JONES
222-22-2222
INTERNAL REVENUE SERVICE
PO BOX 37007
HARTFORD CT 06176-7007
06/17/2019 2019
2019
REV 10/17/18 TTMAC 1555
ALICE JONES
111111111 DJ JONE 30 0 201912 430
I Detach Here and Mail With Your Payment I
Department of the Treasury Calendar Year'
File only if you are making a payment of estimated tax by check or money order. Mail this
voucher with your check or money order payable to the 'United States Treasury.' Write Amount of estimated tax
you are paying by check
Gor money order . . . . . . . . .
Internal Revenue Service Due Form 1040-ES Payment Voucher 3
your social security number and ' Form 1040-ES' on your check or money order. Do not
send cash. Enclose, but do not staple or attach, your payment with this voucher.
NEW ROCHELLE NY 11203
6,391.
PINEBROOK BLVD              APT 675
111-11-1111
BRUCE M JONES
222-22-2222
INTERNAL REVENUE SERVICE
PO BOX 37007
HARTFORD CT 06176-7007
09/16/2019 2019
2019
REV 10/17/18 TTMAC 1555
ALICE JONES
111111111 DJ JONE 30 0 201912 430
I Detach Here and Mail With Your Payment I
Department of the Treasury Calendar Year'
File only if you are making a payment of estimated tax by check or money order. Mail this
voucher with your check or money order payable to the 'United States Treasury.' Write Amount of estimated tax
you are paying by check
Gor money order . . . . . . . . .
Internal Revenue Service Due Form 1040-ES Payment Voucher 4
your social security number and ' Form 1040-ES' on your check or money order. Do not
send cash. Enclose, but do not staple or attach, your payment with this voucher.
NEW ROCHELLE NY 11203
6,391.
PINEBROOK BLVD              APT 675
111-11-1111
BRUCE M JONES
222-22-2222
INTERNAL REVENUE SERVICE
PO BOX 37007
HARTFORD CT 06176-7007
01/15/2020 2019
2019
REV 10/17/18 TTMAC 1555
ALICE JONES
111111111 DJ JONE 30 0 201912 430
29,305.
P.O. BOX 37008
HARTFORD, CT 06176-7008
INTERNAL REVENUE SERVICE
PINEBROOK BLVD              675
NEW ROCHELLE NY 11203
TO PAY YOUR TAXES DUE BY CHECK, MAIL THIS FORM TO THE ADDRESS LISTED BELOW.
2018
2018
2018
REV 12/22/18 TTMAC 1555
ALICE JONES
BRUCE M JONES
111111111 DJ JONE 30 0 201812 610
Fo
rm 1040 Department of the Treasury—Internal Revenue Service U.S. Individual Income Tax Return 2018 OMB No. 1545-0074 IRS Use Only—Do not write or staple in this space. (99)
Filing status: Single Married filing jointly Married filing separately Head of household Qualifying widow(er)
Your first name and initial Last name Your social security number
Your standard deduction: Someone can claim you as a dependent You were born before January 2, 1954 You are blind
If joint return, spouse's first name and initial Last name Spouse’s social security number
Spouse standard deduction: Someone can claim your spouse as a dependent Spouse was born before January 2, 1954
Spouse is blind Spouse itemizes on a separate return or you were dual-status alien
Home address (number and street). If you have a P.O. box, see instructions. Apt. no.
City, town or post office, state, and ZIP code. If you have a foreign address, attach Schedule 6.
Full-year health care coverage
or exempt (see inst.)
Presidential Election Campaign
(see inst.) You Spouse
If more than four dependents,
see inst. and here
Dependents (see instructions): (2) Social security number (3) Relationship to you (4) if qualifies for (see inst.):
(1) First name Last name Child tax credit Credit for other dependents
Sign
Here
Joint return?
See instructions.
Keep a copy for
your records.
Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true,
correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Your signature Date Your occupation If the IRS sent you an Identity Protection
PIN, enter it
here (see inst.)
Spouse’s signature. If a joint return, both must sign. Date Spouse’s occupation If the IRS sent you an Identity Protection
PIN, enter it
here (see inst.)
Paid
Preparer
Use Only
Preparer’s name Preparer’s signature PTIN Firm’s EIN
Firm’s name Phone no.
Check if:
3rd Party Designee
Self-employed
Firm’s address
For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions. Form 1040 (2018)
Form 1040 (2018) Page 2
Attach Form(s)
W-2. Also attach
Form(s) W-2G and
1099-R if tax was
withheld.
1 Wages, salaries, tips, etc. Attach Form(s) W-2 . . . . . . . . . . . . . . . . 1
2a Tax-exempt interest . . . 2a b Taxable interest . . . 2b
3a Qualified dividends . . . 3a b Ordinary dividends . . 3b
4a IRAs, pensions, and annuities . 4a b Taxable amount . . . 4b
5a Social security benefits . . 5a b Taxable amount . . . 5b
6 Total income. Add lines 1 through 5. Add any amount from Schedule 1, line 22 . . . . . 6
7 Adjusted gross income. If you have no adjustments to income, enter the amount from line 6; otherwise,
subtract Schedule 1, line 36, from line 6 . . . . . . . . . . . . . . . . . 7Standard
Deduction for—
• Single or married
filing separately,
$12,000
• Married filing
jointly or Qualifying
widow(er),
$24,000
• Head of
household,
$18,000
• If you checked
any box under
Standard
deduction,
see instructions.
8 Standard deduction or itemized deductions (from Schedule A) . . . . . . . . . . . . 8
9 Qualified business income deduction (see instructions) . . . . . . . . . . . . . . 9
10 Taxable income. Subtract lines 8 and 9 from line 7. If zero or less, enter -0- . . . . . . . . 10
11 a Tax (see inst.) (check if any from: 1 Form(s) 8814 2 Form 4972 3
b Add any amount from Schedule 2 and check here . . . . . . . . . . . .
)
11
12 a Child tax credit/credit for other dependents b Add any amount from Schedule 3 and check here 12
13 Subtract line 12 from line 11. If zero or less, enter -0- . . . . . . . . . . . . . . 13
14 Other taxes. Attach Schedule 4 . . . . . . . . . . . . . . . . . . . . 14
15 Total tax. Add lines 13 and 14 . . . . . . . . . . . . . . . . . . . . 15
16 Federal income tax withheld from Forms W-2 and 1099 . . . . . . . . . . . . . 16
17 Refundable credits: a EIC (see inst.) b Sch. 8812 c Form 8863
Add any amount from Schedule 5 . . . . . . . . . . . . . . 17
18 Add lines 16 and 17. These are your total payments . . . . . . . . . . . . . . 18
Refund
Direct deposit?
See instructions.
19 If line 18 is more than line 15, subtract line 15 from line 18. This is the amount you overpaid . . . . 19
20a Amount of line 19 you want refunded to you. If Form 8888 is attached, check here . . . . 20a
b Routing number c Type: Checking Savings
d Account number
21 Amount of line 19 you want applied to your 2019 estimated tax . . 21
Amount You Owe 22 Amount you owe. Subtract line 18 from line 15. For details on how to pay, see instructions . . . 22
23 Estimated tax penalty (see instructions) . . . . . . . . 23
Go to www.irs.gov/Form1040 for instructions and the latest information. Form 1040 (2018)
Self-Prepared
X X X X X X X X X
X X X X X X X X X X X X X X X X X
46,166.
CPA
124,500.
152,114.
25,344.
25,344.
23,844.
22,322.
29,305.
Office Manager        
Jones
675Pinebrook Blvd             
111-11-1111
222-22-2222
Jones
117,000.
311,342.
304,730.
639.
17,500.
17,500.
3,450.
3,500.
187,392.
28,116.
1,500. 1,500.
Cynthia Jones 017-44-9126 Daughter
John Jones 017-27-4148 Son
RYAN Jones 017-27-3148 Son
ALice
Bruce M
New Rochelle NY 11203
BAA REV 04/22/19 TTMac
SCHEDULE 1
(Form 1040)
Department of the Treasury
Internal Revenue Service
Additional Income and Adjustments to Income
Attach to Form 1040.
Go to www.irs.gov/Form1040 for instructions and the latest information.
OMB No. 1545-0074
2018
Attachment
Sequence No. 01
Name(s) shown on Form 1040 Your social security number
Additional
Income
1–9 b Reserved . . . . . . . . . . . . . . . . . . . . . . . . 1–9b
10 Taxable refunds, credits, or offsets of state and local income taxes . . . . . 10
11 Alimony received . . . . . . . . . . . . . . . . . . . . . . 11
12 Business income or (loss). Attach Schedule C or C-EZ . . . . . . . . . 12
13 Capital gain or (loss). Attach Schedule D if required. If not required, check here 13
14 Other gains or (losses). Attach Form 4797 . . . . . . . . . . . . . . 14
15a Reserved . . . . . . . . . . . . . . . . . . . . . . . . 15b
16a Reserved . . . . . . . . . . . . . . . . . . . . . . . . 16b
17 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 17
18 Farm income or (loss). Attach Schedule F . . . . . . . . . . . . . . 18
19 Unemployment compensation . . . . . . . . . . . . . . . . . 19
20a Reserved . . . . . . . . . . . . . . . . . . . . . . . . 20b
21 Other income. List type and amount 21
22

Combine the amounts in the far right column. If you don’t have any adjustments to
income, enter here and include on Form 1040, line 6. Otherwise, go to line 23 . . 22
Adjustments
to Income
23 Educator expenses . . . . . . . . . . . . 23
24

Certain business expenses of reservists, performing artists,
and fee-basis government officials. Attach Form 2106 . . 24
25 Health savings account deduction. Attach Form 8889 . 25
26

Moving expenses for members of the Armed Forces.
Attach Form 3903 . . . . . . . . . . . . 26
27 Deductible part of self-employment tax. Attach Schedule SE 27
28 Self-employed SEP, SIMPLE, and qualified plans . . 28
29 Self-employed health insurance deduction . . . . 29
30 Penalty on early withdrawal of savings . . . . . . 30
31a Alimony paid b Recipient’s SSN 31a
32 IRA deduction . . . . . . . . . . . . . . 32
33 Student loan interest deduction . . . . . . . . 33
34 Reserved . . . . . . . . . . . . . . . 34
35 Reserved . . . . . . . . . . . . . . . 35
36 Add lines 23 through 35 . . . . . . . . . . . . . . . . . . . 36
For Paperwork Reduction Act Notice, see your tax return instructions. Schedule 1 (Form 1040) 2018
ALice & Bruce M Jones 111-11-1111
-3,000.
187,392.
76,800.
6,612.
93,592.
6,612.
20,000.Punitive Damages 20,000.
REV 12/21/18 TTMac
SCHEDULE 4
(Form 1040)
Department of the Treasury
Internal Revenue Service
Other Taxes
Attach to Form 1040.
Go to www.irs.gov/Form1040 for instructions and the latest information.
OMB No. 1545-0074
2018
Attachment
Sequence No. 04
Name(s) shown on Form 1040 Your social security number
Other
Taxes
57 Self-employment tax. Attach Schedule SE . . . . . . . . . . . . 57
58 Unreported social security and Medicare tax from: Form a 4137 b 8919 58
59

Additional tax on IRAs, other qualified retirement plans, and other tax-favored
accounts. Attach Form 5329 if required . . . . . . . . . . . . . 59
60a Household employment taxes. Attach Schedule H . . . . . . . . . . 60a
b Repayment of first-time homebuyer credit from Form 5405. Attach Form 5405 if
required . . . . . . . . . . . . . . . . . . . . . . . . 60b
61 Health care: individual responsibility (see instructions) . . . . . . . . . 61
62 Taxes from: a Form 8959 b Form 8960
c Instructions; enter code(s) 62
63

Section 965 net tax liability installment from Form
965-A . . . . . . . . . . . . . . 63
64 Add the amounts in the far right column. These are your total other taxes. Enter
here and on Form 1040, line 14 . . . . . . . . . . . . . . . . 64
For Paperwork Reduction Act Notice, see your tax return instructions. Schedule 4 (Form 1040) 2018
13,224.
ALice & Bruce M Jones 111-11-1111
2,080.
22,322.
7,018.
REV 12/21/18 TTMac
SCHEDULE A
(Form 1040)
Department of the Treasury
Internal Revenue Service (99)
Itemized Deductions
Go to www.irs.gov/ScheduleA for instructions and the latest information.
Attach to Form 1040.
Caution: If you are claiming a net qualified disaster loss on Form 4684, see the instructions for line 16.
OMB No. 1545-0074
2018
Attachment
Sequence No. 07
Name(s) shown on Form 1040 Your social security number
Medical
and
Dental
Expenses
Caution: Do not include expenses reimbursed or paid by others.
1 Medical and dental expenses (see instructions) . . . . . 1
2 Enter amount from Form 1040, line 7 2
3 Multiply line 2 by 7.5% (0.075) . . . . . . . . . . . 3
4 Subtract line 3 from line 1. If line 3 is more than line 1, enter -0- . . . . . . . . 4
Taxes You
Paid
5 State and local taxes.
a



State and local income taxes or general sales taxes. You may
include either income taxes or general sales taxes on line 5a,
but not both. If you elect to include general sales taxes instead
of income taxes, check this box . . . . . . . . 5a
b State and local real estate taxes (see instructions) . . . . . 5b
c State and local personal property taxes . . . . . . . . 5c
d Add lines 5a through 5c . . . . . . . . . . . . . 5d
e Enter the smaller of line 5d or $10,000 ($5,000 if married filing
separately) . . . . . . . . . . . . . . . . . 5e
6 Other taxes. List type and amount
6
7 Add lines 5e and 6 . . . . . . . . . . . . . . . . . . . . . . 7
Interest You
Paid
Caution: Your
mortgage interest
deduction may be
limited (see
instructions).
8


Home mortgage interest and points. If you didn't use all of your
home mortgage loan(s) to buy, build, or improve your home,
see instructions and check this box . . . . . . .
a

Home mortgage interest and points reported to you on Form
1098 . . . . . . . . . . . . . . . . . . . 8a
b


Home mortgage interest not reported to you on Form 1098. If
paid to the person from whom you bought the home, see
instructions and show that person's name, identifying no., and
address
8b
c Points not reported to you on Form 1098. See instructions for
special rules . . . . . . . . . . . . . . . . . 8c
d Reserved . . . . . . . . . . . . . . . . . . 8d
e Add lines 8a through 8c . . . . . . . . . . . . . 8e
9

Investment interest. Attach Form 4952 if required. See
instructions . . . . . . . . . . . . . . . . . 9
10 Add lines 8e and 9 . . . . . . . . . . . . . . . . . . . . . . 10
Gifts to
Charity
11 Gifts by cash or check. If you made any gift of $250 or more,
see instructions . . . . . . . . . . . . . . .
If you made a
gift and got a
benefit for it,
see instructions.
11
12

Other than by cash or check. If any gift of $250 or more, see
instructions. You must attach Form 8283 if over $500 . . . 12
13 Carryover from prior year . . . . . . . . . . . . 13
14 Add lines 11 through 13 . . . . . . . . . . . . . . . . . . . . . 14
Casualty and
Theft Losses
15


Casualty and theft loss(es) from a federally declared disaster (other than net qualified
disaster losses). Attach Form 4684 and enter the amount from line 18 of that form. See
instructions . . . . . . . . . . . . . . . . . . . . . . . . . 15
Other
Itemized
Deductions
16 Other—from list in instructions. List type and amount
16
Total
Itemized
Deductions
17

Add the amounts in the far right column for lines 4 through 16. Also, enter this amount on
Form 1040, line 8 . . . . . . . . . . . . . . . . . . . . . . . 17
18

If you elect to itemize deductions even though they are less than your standard
deduction, check here . . . . . . . . . . . . . . . . . . .
For Paperwork Reduction Act Notice, see the Instructions for Form 1040. Schedule A (Form 1040) 2018
ALice & Bruce M Jones
7,500.
7,500.
124,500.
111-11-1111
304,730.
7,500.
7,500.
14,000.
14,000.
38,000.
103,000.
65,000.
14,000.
22,855.
BAA REV 05/21/19 TTMac
SCHEDULE B
(Form 1040)
Department of the Treasury
Internal Revenue Service (99)
Interest and Ordinary Dividends
Go to www.irs.gov/ScheduleB for instructions and the latest information.
Attach to Form 1040.
OMB No. 1545-0074
2018
Attachment
Sequence No. 08
Name(s) shown on return Your social security number
Part I
Interest

(See instructions
and the
instructions for
Form 1040,
line 2b.)

Note: If you
received a Form
1099-INT, Form
1099-OID, or
substitute
statement from
a brokerage firm,
list the firm’s
name as the
payer and enter
the total interest
shown on that
form.
1


List name of payer. If any interest is from a seller-financed mortgage and the
buyer used the property as a personal residence, see the instructions and list this
interest first. Also, show that buyer’s social security number and address
1
Amount
2 Add the amounts on line 1 . . . . . . . . . . . . . . . . . . . 2
3

Excludable interest on series EE and I U.S. savings bonds issued after 1989.
Attach Form 8815 . . . . . . . . . . . . . . . . . . . . . . 3
4

Subtract line 3 from line 2. Enter the result here and on Form 1040, line 2b . . 4
Note: If line 4 is over $1,500, you must complete Part III. Amount
Part II
Ordinary
Dividends

(See instructions
and the
instructions for
Form 1040,
line 3b.)

Note: If you
received a Form
1099-DIV or
substitute
statement from
a brokerage firm,
list the firm’s
name as the
payer and enter
the ordinary
dividends shown
on that form.
5 List name of payer
5
6

Add the amounts on line 5. Enter the total here and on Form 1040, line 3b . . 6
Note: If line 6 is over $1,500, you must complete Part III.
Part III
Foreign
Accounts
and Trusts

(See instructions.)
You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends; (b) had a
foreign account; or (c) received a distribution from, or were a grantor of, or a transferor to, a foreign trust. Yes No
7


a


At any time during 2018, did you have a financial interest in or signature authority over a financial
account (such as a bank account, securities account, or brokerage account) located in a foreign
country? See instructions . . . . . . . . . . . . . . . . . . . . . . . .
If “Yes,” are you required to file FinCEN Form 114, Report of Foreign Bank and Financial
Accounts (FBAR), to report that financial interest or signature authority? See FinCEN Form 114
and its instructions for filing requirements and exceptions to those requirements . . . . . .
b

If you are required to file FinCEN Form 114, enter the name of the foreign country where the
financial account is located
8

During 2018, did you receive a distribution from, or were you the grantor of, or transferor to, a
foreign trust? If “Yes,” you may have to file Form 3520. See instructions . . . . . . . . .
For Paperwork Reduction Act Notice, see your tax return instructions. Schedule B (Form 1040) 2018
ALice & Bruce M Jones 111-11-1111
3,450.
3,450.
3,500.
Savings Deposit 1,200.
U S Treasury Bonds 2,250.
JP Morgan Chase 3,500.
BAA REV 12/22/18 TTMac
SCHEDULE C
(Form 1040)
Department of the Treasury
Internal Revenue Service (99)
Profit or Loss From Business
(Sole Proprietorship)
Go to www.irs.gov/ScheduleC for instructions and the latest information.
Attach to Form 1040, 1040NR, or 1041; partnerships generally must file Form 1065.
OMB No. 1545-0074
2018
Attachment
Sequence No. 09
Name of proprietor Social security number (SSN)
A Principal business or profession, including product or service (see instructions) B Enter code from instructions
C Business name. If no separate business name, leave blank. D Employer ID number (EIN) (see instr.)
E Business address (including suite or room no.)
City, town or post office, state, and ZIP code
F Accounting method: (1) Cash (2) Accrual (3) Other (specify)
G Did you “materially participate” in the operation of this business during 2018? If “No,” see instructions for limit on losses . Yes No
H If you started or acquired this business during 2018, check here . . . . . . . . . . . . . . . . .
I Did you make any payments in 2018 that would require you to file Form(s) 1099? (see instructions) . . . . . . . . Yes No
J If “Yes,” did you or will you file required Forms 1099? . . . . . . . . . . . . . . . . . . . . . Yes No
Part I Income
1 Gross receipts or sales. See instructions for line 1 and check the box if this income was reported to you on
Form W-2 and the “Statutory employee” box on that form was checked . . . . . . . . . 1
2 Returns and allowances . . . . . . . . . . . . . . . . . . . . . . . . . 2
3 Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Cost of goods sold (from line 42) . . . . . . . . . . . . . . . . . . . . . . 4
5 Gross profit. Subtract line 4 from line 3 . . . . . . . . . . . . . . . . . . . . 5
6 Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) . . . . 6
7 Gross income. Add lines 5 and 6 . . . . . . . . . . . . . . . . . . . . . 7
Part II Expenses. Enter expenses for business use of your home only on line 30.
8 Advertising . . . . . 8
9

Car and truck expenses (see
instructions) . . . . . 9
10 Commissions and fees . 10
11 Contract labor (see instructions) 11
12 Depletion . . . . . 12
13



Depreciation and section 179
expense deduction (not
included in Part III) (see
instructions) . . . . . 13
14

Employee benefit programs
(other than on line 19) . . 14
15 Insurance (other than health) 15
16 Interest (see instructions):
a Mortgage (paid to banks, etc.) 16a
b Other . . . . . . 16b
17 Legal and professional services 17
18 Office expense (see instructions) 18
19 Pension and profit-sharing plans . 19
20 Rent or lease (see instructions):
a Vehicles, machinery, and equipment 20a
b Other business property . . . 20b
21 Repairs and maintenance . . . 21
22 Supplies (not included in Part III) . 22
23 Taxes and licenses . . . . . 23
24 Travel and meals:
a Travel . . . . . . . . . 24a
b

Deductible meals (see
instructions) . . . . . . . 24b
25 Utilities . . . . . . . . 25
26 Wages (less employment credits) . 26
27 a Other expenses (from line 48) . . 27a
b Reserved for future use . . . 27b
28 Total expenses before expenses for business use of home. Add lines 8 through 27a . . . . . . 28
29 Tentative profit or (loss). Subtract line 28 from line 7 . . . . . . . . . . . . . . . . . 29
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 . . . . . . . . . 30
31 Net profit or (loss). Subtract line 30 from line 29.
• If a profit, enter on both Schedule 1 (Form 1040), line 12 (or Form 1040NR, 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.
• If a loss, you must go to line 32.
} 31
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 12 (or Form 1040NR,
line 13) and on Schedule SE, line 2. (If you checked the box on line 1, see the line 31 instructions).
Estates and trusts, enter on Form 1041, line 3.
• If you checked 32b, you must attach Form 6198. Your loss may be limited.
} 32a All investment is at risk. 32b Some investment is not
at risk.
For Paperwork Reduction Act Notice, see the separate instructions. Schedule C (Form 1040) 2018
Bruce M Jones 222-22-2222
Retail Bicycle Shop
Bruce's Bike
Central Park
New York, NY 11001
5 6 5 6 5 6 5 6 5
4 2 3 9 1 0
355,000.
280,000.
280,000.
93,592.
93,592.
75,000.75,000.
11,836.
186,408.
50,000.
30,000.
14,500.
8,750.
5,250.
1,600.
1,900.
8,000.
3,000.
51,000.51,000.
572.
355,000.
BAA REV 12/21/18 TTMac
Schedule C (Form 1040) 2018 Page 2
Part III Cost of Goods Sold (see instructions)
33

Method(s) used to
value closing inventory: a Cost b Lower of cost or market c Other (attach explanation)
34

Was there any change in determining quantities, costs, or valuations between opening and closing inventory?
If “Yes,” attach explanation . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No
35 Inventory at beginning of year. If different from last year’s closing inventory, attach explanation . . . 35
36 Purchases less cost of items withdrawn for personal use . . . . . . . . . . . . . . 36
37 Cost of labor. Do not include any amounts paid to yourself . . . . . . . . . . . . . . 37
38 Materials and supplies . . . . . . . . . . . . . . . . . . . . . . . . 38
39 Other costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
40 Add lines 35 through 39 . . . . . . . . . . . . . . . . . . . . . . . . 40
41 Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . . . 41
42 Cost of goods sold. Subtract line 41 from line 40. Enter the result here and on line 4 . . . . . . 42
Part IV Information on Your Vehicle. Complete this part only if you are claiming car or truck expenses on line 9
and are not required to file Form 4562 for this business. See the instructions for line 13 to find out if you must
file Form 4562.
43 When did you place your vehicle in service for business purposes? (month, day, year)
44 Of the total number of miles you drove your vehicle during 2018, enter the number of miles you used your vehicle for:
a Business b Commuting (see instructions) c Other
45 Was your vehicle available for personal use during off-duty hours? . . . . . . . . . . . . . . . Yes No
46 Do you (or your spouse) have another vehicle available for personal use?. . . . . . . . . . . . . . Yes No
47a Do you have evidence to support your deduction? . . . . . . . . . . . . . . . . . . . . Yes No
b If “Yes,” is the evidence written? . . . . . . . . . . . . . . . . . . . . . . . . . Yes No
Part V Other Expenses. List below business expenses not included on lines 8–26 or line 30.
48 Total other expenses. Enter here and on line 27a . . . . . . . . . . . . . . . . 48
Schedule C (Form 1040) 2018
200,000.
75,000.75,000.
125,000.
200,000.
51,000.51,000.
0.
Pre-Start up Investigative Expenses 51,000.
REV 12/21/18 TTMac
SCHEDULE D
(Form 1040)
Department of the Treasury
Internal Revenue Service (99)
Capital Gains and Losses
Attach to Form 1040 or Form 1040NR.
Go to www.irs.gov/ScheduleD for instructions and the latest information.
Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b, 9, and 10.
OMB No. 1545-0074
2018
Attachment
Sequence No. 12
Name(s) shown on return Your social security number
Part I Short-Term Capital Gains and Losses—Generally Assets Held One Year or Less (see instructions)
See instructions for how to figure the amounts to enter on the
lines below.
This form may be easier to complete if you round off cents to
whole dollars.
(d)
Proceeds
(sales price)
(e)
Cost
(or other basis)
(g)
Adjustments
to gain or loss from
Form(s) 8949, Part I,
line 2, column (g)
(h) Gain or (loss)
Subtract column (e)
from column (d) and
combine the result
with column (g)
1a




Totals for all short-term transactions reported on Form
1099-B for which basis was reported to the IRS and for
which you have no adjustments (see instructions).
However, if you choose to report all these transactions
on Form 8949, leave this line blank and go to line 1b .
1b

Totals for all transactions reported on Form(s) 8949 with
Box A checked . . . . . . . . . . . . .
2

Totals for all transactions reported on Form(s) 8949 with
Box B checked . . . . . . . . . . . . .
3

Totals for all transactions reported on Form(s) 8949 with
Box C checked . . . . . . . . . . . . .
4 Short-term gain from Form 6252 and short-term gain or (loss) from Forms 4684, 6781, and 8824 . . 4
5

Net short-term gain or (loss) from partnerships, S corporations, estates, and trusts from
Schedule(s) K-1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6

Short-term capital loss carryover. Enter the amount, if any, from line 8 of your Capital Loss Carryover
Worksheet in the instructions . . . . . . . . . . . . . . . . . . . . . . . . 6 ( )
7

Net short-term capital gain or (loss). Combine lines 1a through 6 in column (h). If you have any long-
term capital gains or losses, go to Part II below. Otherwise, go to Part III on the back . . . . . . 7
Part II Long-Term Capital Gains and Losses—Generally Assets Held More Than One Year (see instructions)
See instructions for how to figure the amounts to enter on the
lines below.
This form may be easier to complete if you round off cents to
whole dollars.
(d)
Proceeds...