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2023 taxes

2023 1040 tax documents self employment

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0% found this document useful (0 votes)
43 views7 pages

2023 taxes

2023 1040 tax documents self employment

Uploaded by

uptownfurbaby
Copyright
© © All Rights Reserved
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$1040 Uis"individual income Tax Retum |2023 (OM No. 1525-007 Use On}—De ott or sae i pce Forteyear van -Dee 31,2023. oroertxyearBegmneg BEG endng Soe separate instructions ‘our a are and mile ia as rae ‘Yoursoca secu marber MELISSAS EDWARDS 449/89] 8574 Tit ein, 0889s rare and ia rad astra ‘pours sci sect amber Tio aia rambo ard evo fyou have a PO. Bo, ens ‘pio. [President econ Campaign 13858 NORTH HWY 183 410 _|oeoktae voy ovo ‘ly own, apostle. you have a for adress abo complete spaces Baw code spouse tig ont, wart {0 goto this sind Choceng 8 AUSTIN 78750 _|boxbetow wil nt charge Forign county naa Farin pro nay Fern postal code] your tax or retin Llveu Li srouse Filing Status [Xi Single Head of household (HOH) Check enty El Mari fing jity (ven it only one had in one box I Married fing separately (FS) aaalityng surviving spouse (8S) Ifyou checked the MFS box, enter the name 1. you checked the HOH or QS box, enter the cia's name the ‘qualifying persons a child but not your . _ Digital Ateny time during 2029, id you (@) 3, award, or payment for property or senoes) oF) cial interest in a gia asset? (See instruction Yes_[INo 11 Your spouse as a dependent fro a dual-status allen Assets exchange, or otherwise dispose of ‘Standard Someone can claim: You! Deduction (1) spouse itemizes on a sep: Age/Blindness You: [] Were bom before Jak Are blind Spouse: [] Was born before. 2, 1958 Is blind Dependents ce nsrucions Réaeey | rane [A igen oe ror noe Petrone wane ‘ore dt ret epee ‘than four LT oO Soper, im see instructions: O and check | it o oO here Lt oO oO income 7 W2, box eens) 7 Le hoary yee wages not reported on Forms) W-2 mescntorm iver payments not repaid on Form) W-2 (6 Lo) Ge Wa ond rable deenden care berets fom Form 244, ine 28 SDD Ge wrovuamnaa— Agrplyer proved adoption benef rom Form B83, OS tt getarorm W200 196s from Form 8919, line 6 - , : 19 (ther earned income (see instructions) th Nontaxable combat pay election (se0 instructions) a h i 2. Addlines 18 tough 1h 12 ‘tach Sen.” 2a Taxcexempt interest 2a 'b Taxable interest ‘trequred. 3a Qualified dividends 'b Ordinary dividends 8 4a 20 0 IRA distributions »b Taxable amount 4b sb 6b Pensions and annuities bb Taxable amount Social securty benefits Taxable amount It you elect to use the lump tho, check her (ee instructions) a 7 Capita gan or oss). Attach uted. I not required, check here ols OL 8 Additional income tom Schedule Wing0..« . a) -6, 769. Add ines 12,2, 8b, 4b, 8b, 6,7. 8. Ths is your total Income . 2 =6, 769. 10 Adjustments to Income trom Schedule 1, line 26. 10 o. [11 Subtractine 10 from Ine 9, This is your adjusted gross income | -6, 769. "12 Standard deduction oF itemized deductions (from Schedule A) x2 | 73,850. 13. Qualifed business income deduction trom Form 8995 or Form 8995-A. 13 14 Addiines Zand13.. oo v4 | 13,850. 15 Subtract ine 14 rom Ine 11,270 or les, ene -0~ This is Your taxable income 15 oO. For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate Instructions. ane 958 For 1040 aes) cpa, Fom toso nora MELISSAS EDWARDS 449-89-8574 Page? Tax and — 16 Tax (see instructions}. Check if any trom Form(s): 1 Tei 2 CT 4a72 31 16 oO. Credits 17 Amount fom Schedule, ne’ 17 O: 18 Add ines 16 and 17 - 8 o: 19 Chic tax cred or coat forotercapendents rm Schad 812 18 20 Amount from Schedule 3, line 8 20 Oo. 21 Add lines 19 and 20 2 oO. 22 Subtract ino 21 fom ino 18. zr0 oles, enor -0- 22 on 23 Otneroxs,nclusing sltemployment tax fom Schedule, ne 2 28 24 _Addlines 29 and 29. Thi is your total tax 24 Payments 25 Federal income tx withheld fo Fermi) W-2 250 Fermi) 1099 250 Othe arms (00 insrtions) 250 ‘Add ines 25 trough 25° : 254 2029 estate tx payments an eu appigs om 28 Earned income erect EC) x Lar ‘Acne hd tax cect om Sahel [2 | ‘Amerean opportunity cred rom Form 20 Reserved for future use 20 -Arnount om Schedule 3, he 15 : ET ‘Add ines 27, 28,29, and 3. other payments and refundable credits : 33 _Addlines 254, 28, and 32 a Refund 34 If line 33 is more than lir 14 from line 33. This is the amount you overpaid 2a Amount of lin 24 you ou, For 6888 attached, check here eet epont? be Routing umber |X| IxIXIx eType: C)Checking Seer pect aber Ml MX TX XXXL XIX LKR KT 36 Amount plod to your 2024 estimated tax 38 Amount = 37 Subtract lig is is the amount you owe. You Owe go to www.irs.gov/Payments or see instructions a7 oO. 38__Esti oe instructions) 38 | Third Party Do other person to discuss this return with the Ig See Lives. complete below. [EINo umber PN ue end stators, aa othe beat of my owldge an asd onal iforration of which prepare has ary Krome. Sign rn | Scat have warned iam ad as Here ate fe RS sant you a eentty Protection PIN, ener here eink een? or) ‘See nstuetons. pauses signal Fajont rate bath must ain | Oe = oepaton| TF the IRS sant your spouse an Keep acopy fr Ioentty Protection PN, eterithere yourrecods (eons) Prone na - Preparers rare Dae Pin Crack Paid | ] seamed Prepater — sana Phone no. Use Only ~ rire ase Fem's ON ‘Gee writ goviFormT040 forinsracbors ard te Foon 1040 Gee cpa, fomsowmed Additional Income and Adjustments to Income Ovo Ne AT Attach to Frm 140, 140-SR, or 1HO-NR, 2023 Saar fay eee eset on Name(s shown on Form 1040, 1040-5R, or TO40-NR Your social security number MELISSAS EDWARDS 449-89-8574 Additional Income 1 Taxable refunds, credits, or offsets of state and local income 2a Alimony received 'b Date of original divorce or separation agreement (see instructic Business income or (loss). Attach Schedule C Other gains or (losses). Attach Form 4797 Rental real estate, royalties, partnerships, S corporatic Farm income or (loss). Attach Schedule F . Unemployment compensation Other income: Net operating loss evemse -6, 769. sJejolalo| [pl Gambling Cancellation of debt Foreign eamed income exclusion frog Income from Form 8853 . Income from Form 8889 ‘Alaska Permanent Fund divid Jury duty pay Prizes and awards Activity not engaged in, Stock options eeseaseees soc sateooce ness of renting such property. edals and USOC prize money ( g instructions) usion (see instructions) business loss adjustment ora2v03 1040, ine 1a or td. Pension or annuity from a nonqualifed deferred com a nongovernmental section 457 plan a ee & es uu Wages earned while incarcerated 2 Other income. List type and amount: e 9 Total other income. Add lines 8a throu 10 Combine lines 1 through 7 and 9. 7) jonal income. Enter here and on Form 1040, 1040-SR. or 1040-NR, line 8: _ . 40-6, 769. For Paperwork Reduction Act Notice, see your: = ‘Gat. No, 71A70F cpa. ‘Schedule 1 (Form 1040} 2028, Scheu + (Form 1010) 2028 ‘Adjustments to Income 11 Educator expenses - ~. ft 42 Certain business expenses of reservists, performing artists, and feed enment officials. Attach Form 2108 ce oe. [2 13 Health savings account deduction. Attach Form 8889 : 43 44 Moving expenses for members of the Armed Forces. Attach Form 2908 14 15 Deductible part of self-employment tax. Attach Schedule SE 15 16 _Solf-employed SEP, SIMPLE, and qualified plans 16 17 _ Self-employed health insurance deduction 47 18 Penalty on early withdrawal of savings . 18 19a Alimony paid ss ga b Recipient's SSN © Date of original divorce or separation aareement v 20 IRA deduction .. : 20 21 Student loan interest deduction 24 22 Reserved for future use 22 23 Archer MSA deduction 23 24 Other adjustments: a. Jury duty pay (see instructions) re 1 b Deductible expenses related to i on line 81 from the rental of personal property enga we ee (Mb © Nontaxable amount of the v and Paralympic medals ‘and USOC prize money reports a ce (Bde! d_ Reforestation amortizatiogand apen' ‘24a © Repayment of supple loyment benefits under the Trade Act of 1974 . f Contributions to (c)(18(D) pension plans... . . . . [zat 9 Contributions by ins to section 403(b) plans h 8 for actions involving certain unlawh structions) i BURY costs you paid in connection with an a pformation you provided that helped the IR; i iction from Form 2555 k ction of section 67() expenses from Sch 2 Other adjustments, List type and amount: 25 Total other adjustments. Add lines 24athrough az. “Ks 25 26 Add lines 11 through 23 and 25. These are just ments to income. Enter here and on Form 1040, 1040-SR, or 1040-NR, line 10 26 Page cpa. ‘Schedule + (For 1040} 2028, ‘SCHEDULE C Profit or Loss From Business oe Ne: s45.0074 (Form 1040) (Sole Proprietorship) 2023 cuptertt ree} ABBEN80 Frm 100, O40-SR, 040-5, 10U-NR, or 14; paerahins must genera fle Form 1os,| (=) Fra’ heveun Goce Go to wn. gow/ScheduieC for instructions and the atest a Stove 09 Harve of roprator Social seeurymuberfSSN) MELISSAS EDWARDS 449-895-8574 2A Princpel Butea or profeaio, loing proc or eanvia Gn ora) 5 Bier cede rom ebuctons GOLF CART RESELLER Siaiajojolo Business name. Ifo separate business name, eave Bank nploye I mumber (oe rar) Buaziness address (ncluding sult or room ro}) iy, town or post office, stat, and ZIP code F Accounting methoc: (1) [ElCash @ ClAcowal —@) CPOiner 6paeii) Did you “materially participate in the operation ofthis business durin@l023? Ifo," se instructions for limit oniosses Hyou started or acquired this business during 2023, check | Dia you make any payments in 2023 hat woul require you toe Formis) 1089? See instructions Ces No J ¥e0, id you or wil you fle required Form(s) 10992 (ver CNo Income 11 Gross receipt or ale, See nstictions for ine 1 if this income was reported (0 you on Form We2 and he "Statutory employee” ox o hecked 1 2 Retums and allowances 2 3 Subtract ine 2 trom ine 1 3 4 Cost of goods sold (kam line 42) 4 5 Gross profit. Subtract ine 4 fom ina SS 5 6 Other income ncuting federal and of ua tax creditor rlund (66 instructions) 7. Gross income. Add ines 5 anc vo a. Expenses. Enter e isineSs use of your home only on line 30 8 Advertising 105,] 18 Office expense (so indi © Car and tuck expel 19 Pension and prot sharngiens . | 39 {See instructions) rstucth 10. Commissions a and equiorit | 20a 249, 11 Contactlabor 200 12 Depletion 5 ce 21 13 Deprec Pert uy . | 22 5,265. expen 5 Included rst 14 Employee be 240 (otner than on 1 als (see instructions) | 240 15 Insurance (other than heath) [15 : 25 500. 16 Interest 00 instructions: ess employment crests) | 26 ‘2 Morgage sito banks, et) [16a er expenses rom ine 48)... [27a 646. b Ober 18 1b Energy efciont commercial bidgs 17 _Logalandprotesions senses [47 eduction (attach Farm 7205). | 27b 28 Total expenses be‘ore expenses forbusioss Uso of Co 8 rough 27 28 6,765. 29, Teriatve roi or toss Subtract ine 28 om » [20 =6, 163. 30 Expenses fr business use of your hom, these expenses elsewhere, Attach Form 8829 unless using the simples method. Ss Simplified method fers only Ener he total Bta09 off) your home: ard the part of your home uses for business Use the Spied Method Worksheet nthe instruction to tour the amount to enter on ine 39 20 1 Net profit or floss). Subtract ne 30 from ine 28 + prot. erteron both Schedule 1 (Farm 1040), tine 3, and on Schedule SE, tne 2. you ‘hecKed the box on Ine 1, se instructions) Estates and tass, enter on Form 108, line 3. 3 =6, 769. + H'aloss, you must go to line 82. 32 Ifyou have a loss, check the box that describes your investment in this activity. See instructions. + Htyou checked 32a, enter the loss on bath Schedule 1 (Farm 1040, line 3, and on Schedule SE, line 2 I" you checkee the box on ne 1, see the line 31 instructions} Estates and tusts, enter on ‘32a [EI Al investments at risk. Form 1041, tine 3. 32» [1 Some investment s not + Ityou checked 82b, you must attach Form 6198. Your loss may be limited strisk For Paperwork Reduction Act Notice, s the separate instructions. Ga No, TP “Schedule © (Form 1040) 2028 oA. set © 049 208 Pape [REMI Cost of Goods Soid (see instructions) 38 Methoo[s) used to value closing inventory: aC] Cost. 1 Lower of cost or market other Figch e»planation) ‘34 Was there any change in determining quantities, cost, or valuations between opening 1 ivory? Ife," attach explanation Ove [No Inventory at beginning of year. If iffrent rom last year’s cosing inventory, ‘ 3 Purchases lass cost of items withdrawn for personal use 26 37 Cost of labor. Do not include any amounts paid to yoursei 37 Materials and supplies 98 Other costs | 30 | [Add lnes 95 through 38 40 41° Inventory at end of year 42. Gost of goods sold, Subtract ine 41 fe result here and on ine & Information on Your Vel fe this part only if you are claiming car or online 9 and are not required to file For his business. See the instructions for li if you must fle Form 4562 Of the total number your vehicle during 2023, enter the numberof mil 8 Business Commuting 686instructions) 7 45° Was you lige for personal use during off-duty hours? Cves Cine 48 Doyou (RAF spouse) have another voticle available for personal use Che DNe 474 Do you hawn aDiance to support your deduction? CYes [ne bi Ves."isthe evidence ween? CYes [ne Other Expenses. List below business expanses noNigluded on Ines 8-26, Ine 27b, or ine 30. 2 396. STORAGE, ROOM 250. {Total other expenses: Enter here and onine 27a a 46. “Schedule (Frm 104) 2028 cpa. rom 995 Qualified Business Income Deduction |_OMB No. 1545-2284 _ Simplified Computation 2023 Deparment ofthe Tras | Attach to your tax return. ‘Avactman ira Revenue Sore Go to wis. gov/Form6895 for instructions and the Sequence No, 85, NaneGy shawn on ure our axpayr Vote aion number MELISSAS EDWARDS 449-89-8574 Note. You can claim the quaified business income deduction only if you haj ‘business income from a qualfed trade or business, real estate investment trust dividends, publicly traded partnershi domestic production activities deduction passed through from an agricultural or horticuitural cooperative. See instruct Use this form if your taxable income, before your qualifed business income Is at or below $182,100 ($364,200 if married fing joint), and you aren't a patron of an agricultural or horticultural 1 (0) Trace, busess, or aggrepaten name ) Texsje (© utes business laenttcaton tor | “income or fo) i_|coLr CART RESELLER 449-89-8574 =6,769. i v 2 Total qualified business in bine lines 1i through ty, column (¢) 3. Qualified business not trom the prior year -: 4 Total qualified busines ne lines 2 and 3. I zero or less, enter -0- 5 Qualified busines ent, Multiply line 4 by 20% (0.20) 6 Qualified REIT ley traded partnership (PTP) income or (see instruct ce 6 7 Quaitiea qualified PTP (loss) canyforward from the prior year rn I | 8 Total IT Buidends and PTP income. Combine lines 6 a C3 orless, -0- 8 9 REIT and Pcomponent. Multiply line 8 by 20% (0.20) > [8 10 Qualifiad bushes income dacucton before the income limitation Nd Wes 5 and 9 10 11 Taxable income before qualified business income deduct tions) [11 | 20, 619] 12 Enter your net capital gain, if any, increased by any qlied dividends (Gee instructions)... ss 2 13 Subtract line 12 from line 11. I zero or less, ent 13 14 Income imitation, Multiply line +3 by 20% (0 14 15 Qualified business income deduction, Enter the ine 10 or ine 14. Also enter this amount on the applicable line of your return (see Instguetions) Se [18 16 Total qualified business (oss) carryto ine nes 2 and 3. I greater than zero, enter-0-. . [46 | 6, 765) 17 Total qualified REIT dividends and P forward. Combine lines 6 and 7. If greater than Zero, enter -0- o eee | ) For Privacy Act and Paperwork Reduction Act Notice, Sp instructions. at No STE06C Fon B9BB 7073) cpa.

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