1 Amy is single and self-employed. She operates an online dating consultant business. Her net...
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1 Amy is single and self-employed. She operates an online dating consultant business. Her net income on her Schedule C is $58,765. She has no employees and purchases her own health insurance. Where are Amy's health insurance premiums deducted?
Schedule A (Form 1040).
Schedule C (Form 1040).
Schedule 1 (Form 1040).
Schedule 3 (Form 1040).
2 What is Form 1099-K, Payment Card and Third-Party Network Transactions, used to report?
Income a taxpayer received from the Department of Revenue during the calendar year.
Non-employee compensation.
Payments of $600 or more made to others in the course of a trade or business. Examples include rent, prizes, and awards.
The amount of payments and transactions from online platforms, apps, or payment card processors.
Which taxpayer has property that is depreciable?
Jackson purchased a new camera on March 10, 2022, for his photography business. Later, he had buyer's remorse and sold the camera on October 1, 2022.
Kelly owns a townhouse and rents it out to tenants.
Monica purchased a new refrigerator for personal use in her home.
Valerie purchased a lot of land that she held for investment.
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