| Return Reference | Explanation |
|---|---|
| Description of other revenue Part I line 8 | Description AmountOTHER REVENUE 340REIMBURSED PAYROLL 2,043SNACK SALES 19,945RENTAL HOUSE 15,600TEEN NIGHT 339 |
| Description of other expenses Part I line 16 | Description AmountDepreciation from 4562 5,733INSURANCE 11,392REPAIRS 24,706LICENSES, PERMITS, FEES 400SPECIAL EVENT EXPENSE 1,215OFFICE EXPENSE 295SUPPLIES 9,575GROUNDS 3,695INTEREST EXPENSE 1,258POSTAGE 557RENTS 676PAYROLL TAXES 3,710OTHER TAXES 2,861TELEPHONE 1,851UTILITIES 14,624WASTE DISPOSAL 1,587DUES AND SUBSCIPTIONS 539DEPRECIATION RENTAL HOUSE 2,587SNACK EXPENSE 10,443RENTAL HOUSE INSURANCE 1,427RENTAL HOUSE REPAIR 982RENTAL HOUSE PEST CONTROL 255RENTAL HOUSE PROPERTY TAXES 2,276RENTAL HOUSE INTEREST PAID 3,003RENTAL HOUSE COMMISSIONS 1,092 |
| Description of total liabilities Part II line 26 | Category Beginning of Year End of YearSECURITY DEPOSIT - RENTAL 500 500MORTGAGE AND NOTES PAYABLE 22,736 16,312LINE OF CREDIT 33,417 29,442 |
| 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. |
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