| Return Reference | Explanation |
|---|---|
| General explanation attachment | SECTION 1.263(A)-1(F), THE TAXPAYER HEREBY ELECTS TO APPLY THE DE MINIMIS SAFE HARBOR ELECTION TO ALL QUALIFYING PROPERTY PLACED IN SERVICE DURING THE YEAR. UNDER IRC SECTION 172(B)(3), THE TAXPAYER ELECTS TO RELINQUISH THE ENTIRE CARRYBACK PERIOD WITH RESPECT TO ANY REGULAR TAX AND AMT NET OPERATING LOSS INCURRED DURING THE CURRENT YEAR. |
| Description of other revenue Part I line 8 | DESCRIPTION AMOUNTOTHER REVENUE 3,753SNACK SALES 19,872 |
| Description of other expenses Part I line 16 | DESCRIPTION AMOUNTDEPRECIATION FROM 4562 6,817INSURANCE 9,883REPAIRS 28,894LICENSES, PERMITS, FEES 390PEST CONTROL 916MEALS 41OFFICE EXPENSE 525SUPPLIES 1,954GROUNDS 3,684INTEREST EXPENSE 1,926POSTAGE 453RENTS 248PAYROLL TAXES 3,976OTHER TAXES 6,107TELEPHONE 1,505UTILITIES 11,104WASTE DISPOSAL 960COMPUTER EXPENSE 336DUES AND SUBSCIPTIONS 59CONTRACT LABOR 137DEPRECIATION RENTAL HOUSE 2,023SNACK EXPENSE 10,485RENTAL HOUSE INSURANCE 1,254RENTAL HOUSE REPAIR 14,141RENTAL HOUSE PEST CONTROL 340RENTAL HOUSE PROPERTY TAXES 1,105SPECIAL EVENT EXPENSE 3,425RENTAL HOUSE GROUND 1,414RENTAL HOUSE UTILITIES AND TRASH 882 |
| Description of total liabilities Part II line 26 | CATEGORY BEGINNING OF YEAR END OF YEARSECURITY DEPOSIT - RENTAL 500 500MORTGAGE AND NOTES PAYABLE 34,575 28,815LINE OF CREDIT 0 15,000 |
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