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Instructions Note: This problem is for the 2018 tax year. Janice Morgan, age 24, is single and has no dependents. She is a freelance writer. In January 2018, Janice opened her own office located at 2751 Waldham Road, Pleasant Hill, NM 88135. She called her busness Writers Anonymous, Janice a cash basis taxpayer. She lives at 132 Stone Avenue, Pleasant Hill, NM 88135. Her Social Security number is 123-45-6782. Janice's parents continue to provide health insurance for her under their policy Janice wants to contribute to the Presidential Election Campaign Fund During 2018, Janice reported the following income and expense items connected with her business Income from sale of artide $85,000 Rent 16,500 Utilities 7,900 Supplies 1,800 Insurance 5,000 Travel (including meals of $1,200) 3,500 Janion purchased and placed in service the following fixed assets for her business. Janice wants to elect immediate expensing under $ 179, it possible Furniture and Matures (new) costing $21,000 on January 10 Computer equipment (new) costing $12,400 on July 28 Janice's memized deductions include: State income tax 52,950 Home mortgage Interest paid to First National Bank 6,000 Property taxes on home 2,500 Charitable contribution to her alma mater, State College 1,200 Janice did not keep a record of the sales tax she paid. The amount from the sales tax table is $437. Jenice reports interest income of $4,000 on certificates of deposit at Second National Bank. She made estimated tax payments of $3,000 for 2018 Required: Comoute Janice Morgan's 2018 Federal income tax payable for refond due) Required: Compute Janke Morgans 2018 Federal income tax payable (or refund due) Make realistic assumptions about any missing data. - 17 an amount box does not require an entry or the answer is zero, enter"0". Enter all amounts as positive numbers It may be necessary to complete the other tax forms and schedules before completing Form 1040 Use the tax schedules (not the tax tables) included with this problem to compute the tax. If required, round your final answers to the nearest dollar. Form 1040 Complete Janice Morgan's Form 1040 for 2018 2018 OMS NO. 1545-0074 FRS Use Only 1040 U.S. Individual Income Tax Return Filing status: Single Your first name and initial Last name Janice Morgan Your standard deduction None I joint return, spouse's first name and initial Last name Your social security number 123-45-6782 Spouse's social security number Spouse standard deduction someone can claim your la dependent Spouse was born Pul year heathcare before January 2, 1954 Souse is blind Spouse items on separate return of you were dual Yes coverage or emot (se) Home address number and stre). Il you have a box instructions Apt no Presidential Election Campaign 132 Stone Avenue (et) You City, towns or post office state, and ZIP code. If you have a fornis address, attach Schedule Iriore than four dependent, Pleasant H, NM 88335 it and hele Dependents (sin instructions: (2) Social Secunty number (3) Relationship to you (4) Iunies for (int) (1) Fame Last name Child tax cred Credit for the dependent Sign Here Joint return See instructions Keep copy for your records Under penalties of perjury. I declare that I have examined this retum and accompanying schedules and statements, and to the best of my knowledge and beliet, they are true, correct, and complete. Declaration of preparer (other than taxpayer) based on all information of which preparehas any wedge Your signature Date Your coupation 1 the IRS ant you an identity Writer Protection PIN, enter the Ce inst Spouse's signature of a joint Date Spouse's occupation the RS sent you an entity retum, both must sign Protection Inter it here see it) Preparer's name Preparer's signature PTIN Firm's IN Check it Sellepared Party Designer Phone no Salt omployed Pirm's dress Paid Preparer Use Only BAA For Disclosure, Privacy Act, and paperwork Reduction Act Notion, en separate instructions, Form 1040 (2018) Form 1040 (2018) Page 2 1 2 3a Janice Morgen 123-45-6782 Wages, sales, tips, etc. Attach Form) W-2 Tax cremot interest Taxable interest 26 Quainted dividends Ordinary dividends 35 RAS, Dansent, and Termount 40 annutes Soc security benefits 50 bhable amount 5b Total income. Addines 1 thn S. Add any amount from Schedule 2 A 4a Attach Fom(a) W 2. Also attach Form(s) W-25 and 1099.tif tax was withheld Sa 6 withheld 6 Total income. Add lines through 5. Add any amount from Schedule 1. in 22 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 > Standard 8 Standard deduction or itemired deductions (Tom Schedule A) Deduction for 8 - Single or married Qualified Business Income deduction (see instructions) 9 lingsparately $12,000 10 Table income. Subtract lines and from line 7. Intro 10 Married in 11 Thx (scent (check if any from 1 Form() 814 jointly or Qualifying 2 Form 4972 Widower), 524.000 Head of Add any amount from Schedule 2 and check here 0 11 household 12 a Child tax credit credit for other dependents $10,000 b Add any amount from Schedule and check here 12 If you checked 13 Subtract line 12 from ine 11. If are or less entero 13 on box under Standard 14 Others Attach Schedule 4 14 deduction, see instructions 15 Total tax. Addnes 13 and 14 15 16 Federal income tax withheld from Forms W- 20 1009 16 19 Refundable credits Ceint.) bht2 e Form 5863 Add any amount from schedules 17 18 Add lines 16 and 17. These are your total sayments 19 Refund If line 18 more than in 15. strane 15 from 18. This is the amount you overpald 19 20 Amount of line 19 you want refunded to you. If Forms is attached, check here Check My Work 20a Amount of line 19 you want refunded to you. If Form 8888 is attached, check here 20a Direct deposit? Routing number Type: Checking Savings See instructions d Account number 21 Amount of line 19 you want applied to your 2019 estimated tax 21 22 Amount Amount you owe. Subtract line 18 from line 15. For details on how to pay, see instructions... You Owe 23 Estimated tax penalty (see instructions). 23 Go to www.irsgow Formod for instructions and the latest information 22 Form 1040 (2016) Schedule 1 Complete Janice Morgan's Schedule 1 below for 2018. SCHEDULE 1 OMB No. 1545-0074 (Form 1040) Additional Income and Adjustments to Income Department of the 2018 Treasury Internal Attach to Form 1040. Attachment Revenue Service Go to www.irs.gov/Form 1040 for instructions and the latest information. Sequence No. 01 Name(s) shown on Form 1040 Your social security number Janice Morgan 123-45-6782 Additional 1-9b Reserved 1-9b Income 10 Taxable refunds, credits, or offsets of state and local income taxes 10 11 Allmony received .... 11 12 Business income or loss). Attach Schedule Cor C-EZ 12 13 Capital gain or loss). Attach Schedule D it required. If not required, check here 13 14 155 16b 14 Other gains or losses). Attach Form 4797 15a Reserved 16a Reserved 17 Rental real estate, royalties, partnerships, Scorporations, trusts, etc. Attach Schedule 18 Farm income or loss). Attach Schedule F 19 Unemployment compensation 20a Reserved 17 18 19 20 21 Other Income. Ust type and amount 21 22 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 Adjustments 23 Educator expenses. 23 to Income 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 TRA deduction 32 33 Student loan interest deduction 33 34 Reserved.. 34 35 Reserved 35 36 Add lines 23 through 35. --- 36 BAA For Paperwork Reduction Act Notice, see your tax return instructions. Schedule 1 (Form 1040) 2018 Complete the Janice Morgan's Schedule 4. SCHEDULE 4 OMB No. 1545-0074 (Form 1040) Other Taxes Department of the 2018 Treasury Internal Attach to Form 1040 Attachment Revenue Service Go to www.Irs.gov/Form1040 for instructions and the latest Information. Sequence No. 04 Name(s) shown on Form 1040 Your social security number Janice Morgan 123-45-6782 Other 57 Self-employment tax. Attach Schedule SE 57 Taxes 58 Unreported social security and Medicare tax from: Forma 41375 8919. Accounting numurid Tield 58 59 Additional tax on TRAS, other qualified retirement plans, and other tax-Favored accounts. Attach Form 5329 if required. 59 60a Household employment taxes. Attach Schedule H. 60a Repayment of first time homebuyer credit from Form 5405. Attach Form 5405 required 600 61 Health care: individual responsibility (see instructions) 62 Taxes from: a Form 1959 b Form 8960 Constructions 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 BAA For Paperwork Reduction Act Notice, see your tax return instructions. Schedule 4 (Form 1040) 2018 Check My Work Schedule 5 Complete Janice Morgan's Schedule 5 below for 2018 SCHEDULE 5 OMB No. 1545-0074 (Form 1040) Other Payments and Refundable Credits Department of the 2018 Treasury Internal Attach to Form 1040 Attachment Revenue Service Go to www.lrs.gov/Form1040 for instructions and the latest information Sequence No. Os Name(s) shown on Form 1040 Janice Morgan Your social security number 123-45-6782 Other 65 Reserved 65 Payments 66 2018 estimated tax payments and amount applied from 2018 return 66 and Reserved 67a Refundable b Reserved 67b Credits 68-69 Reserved 68-69 70 Net premium tax credit. Attach Form 1962 70 71 Amount paid with request for extension to file (see Instructions) 71 72 Excess social security and tier 1 RRTA tax withheld 72 73 Credit for federal tax on fuels. Attach Form 4136 73 74 Credits from Form: a 2439 Reserved 8885 d 74 75 Add the amounts in the far right column. These are your total other payments and refundable credits, Enter here and include on Form 1040, line 17 75 BAA For Paperwork Reduction Act Notice, see your tax return instructions. Schedule 5 (Form 1040) 2018 Schedule A Complete Janice Morgan's Schedule A for 2018, SCHEDULE A OMS NO. 1545-0074 Itemized Deductions (Form 1040) Go to www.irs.gov/Schedules for instructions and the latest information. Department of the 2018 Attach to Form 1040. Treasury Internal Caution: If you are claiming a not qualified disaster loss on Form 4684, see the instructions for Attachment Revenue Service (99) line 16 Sequence No. 07 Name(s) shown on Form 1040 Your social security number Janice Morgan 123.45-6782 Medical Caution. Do not include expenses reimbursed or paid by others, and 1 Medical and dental expenses (see instructions) Dental 2 Enter amount from Form 1040, line 7 Expenses 3 Multiply ine 2 by 7.5% (075) 3 4 Subtract line 3 from line 1. I line 3 is more than line 1, enter-0- 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 b State and local real estate taxes (see Instructions) Sa 5b c State and local personal property taxes 5c DOBLO d Add lines 5a through 5c 5d e Enter the smaller of line 5d and $10,000 ($5,000 if married filing e Enter the smaller of line 5d and $10,000 ($5,000 if married filing separately) 6 Other taxes. List type and amount 5e 6 7 Add lines Se and 6 N Interest You Paid 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 Home mortgage Interest and points reported to you on Form 1098 Home mortgage interest not reported to you on Form 1098.1 pold to the person from whom you bought the home, see Instructions and show that person's name, identifying no, and address Caution: Your mortgage interest deduction may be limited (see Instructions). Ba Points not reported to you on Form 1098. See Instructions for special rules Bc d Reserved 8d e Add lines Ba through 8c Be 9 Investment interest. Attach Form 4952 if required. See Instructions 10 Add lines Be through 9 10 11 Gifts by cash or check. If you made any gift of $250 or more, see instructions... 11 Gifts to Charity If you made a gift and got a benefit for it, 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 Iyour me 12 Other than by cash or check. If any gift of $250 or more, see gift and got a Instructions. You must attach Form 8283 over $500 12 benefit for it, 13 Carryover from prior year. 13 see instructions 14 Add fines 11 through 13. 14 Casualty and 15 Casualty and theft loss(es) from a federally declared disaster (other than net qualified disaster Theft Losses losses), Attach Form 4684 and enter the amount from line 18 of that form. See Instructions 16 Other from list in instruction List type and amount Other Itemized Deductions 16 Total 17 Add the amounts in the far right column for tines through 16. 17 Also, enter this amount on Form 1040, line 8... Itemized 18 If you elect to itemize deductions even though they are less than your standard deduction Deductions check here BAA For Paperwork Reduction Act Notice, see the Instructions for Form 1040 Schedule A (Form 1040) 2016 Schedule B Complete Janice Morgan's Schedule B for 2018 SCHEDULE B (Form 1040) Department of the Treasury Internal Revenue Service (99) Name(s) shown on return Janice Morgan OMB No 1545-0074 Interest and Ordinary Dividends 2018 Go to www.irs.gov/Schedule for instructions and the latest information. Attachment Attach to Form 1040. Sequence No. 08 Your social security number 123-45-6782 List name of payer. If any interest is from a seller-financed mortgage and the buyer Amount 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 Part 1 1 Interest Second National Bank (See Instructions and the instructions for Form 1040, line 2b.) 1 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 2 Add the amounts on line 1 2 3 Excludable interest on series EE and T 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 25 4 Note: If line 4 is over $1,500, you must complete Part III 5 Ust name of payer? Amount Part II Ordinary Dividends (See instructions and the instructions for Form 1040, line 36.) 5 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 6 Add the amounts on line 5. Enter the total here and on Form 1040, line 3 6 Note: If line 6 is over $1,500, you must complete Part II Schedule Complete Janice Morgan's Schedule for 2018. SCHEDULE C Profit or Loss From Business OMB No 1545-0074 (Form 1040) Department of the (Sole Proprietorship) 2018 Treasury Internal Go to www.irs.gov/Schedule for instructions and the latest Information. Attachment Revenue Service (99) Attach to Form 1040, 1040NR, or 1041; partnerships generally must file Form 1065. Sequence No. 09 Name of proprietor Social security number (SSN) Janice Morgan 123-45-6782 A Principal business or profession, including product or service (see instructions) Enter code from instructions Writing 611000 Business name. If no separate business name, leave blank D Employer ID number (EIN) (see Instr.) Writers Anonymous E Business address (including suite or room no.) 2751 Waldham Road City, town or post office, state, and 21P code F Accounting method: (1) Cash (2) Accrual (3) Other (specity) Did you materially participate in the operation of this business during 2018? If "No,' see instructions for limit on Yes No losses H If you started or acquired this business during 2018, check here Did you make any payments in 2018 that would require you to bile Form() 10997 (e instructions) Yes No 2 Ir 'Yes, did you or will you file required Forms 1099) 1 Yes NA 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 2 Returns and allowances. 1 2 3 Subtractine 2 from line 1 3 4 Cost of goods sold (from line 42) 5 Gross profit. Subtract line 4 from line 3 4 5 6 Other income, including federal and state gasoline or fuel tax creditor refund (see Instructions) 7 Gross income. Add lines 5 and 6 6 18 19 Part II Expenses. Enter expenses for business use of your home only on line 30 8 Advertising 8 18 Office expense (see instructions).. 9 Car and truck expenses (see 19 Pension and profit-sharing plans Instructions) 20 Rent or lease see instructions) ... 10 Commissions and fees. 10 Vehicles, machinery, and equipment 11 Contract labor (see instructions) 11 bother business property 12 Depletion 12 21 Repairs and maintenance 13 Depreciation and section 179 22 Supplies (not included in Part III) expense deduction (not included 23 Taxes and licenses in Part I) (see instructions)... 13 24 Travel and meals 206 21 22 23 14 Employee benefit programs a Travel 24a (other than on line 19) 14 b Deductible meals (see 15 Insurance (other than han 15 Instructions 24h 275 15 Insurance (other than health) 15 instructions) 24b 16 Interest (see Instructions): 25 Utilities 25 a Mortgage (paid to banks, etc.) 16a 26 Wages (less employment credits). 26 b Other. 16b 27a Other expenses (from the 48) 27a 17 Legal and professional services 17 b Reserved for future use 28 Total expenses before expenses for business use of home. Add lines through 27a 28 29 Tentative profit or (los). Subtract line 28 from line 7 29 30 Expenses for business use of your home. Do not report these expenses elsewhere. Attach Form 3829 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 31 . 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 32 If you have a loss, check the box that describes your investment in this activity (see instructions If you checked 32, enter the loss on both Schedule 1 (Form 1040), line 12 for Form 1040NR, 320 Al investment is at risk Estates and trusts, enter on Form 1041, line 3 32b Some investments If you checked 32b, you must attach Form 6198. Your loss may be limited not at risk BAA For Paperwork Reduction Act Notice, see the separate instructions. Schedule C (Form 1040) 2018 line 13) and on Schedule SE, line 2 If you checked the box on line 1, see the line 31 instructions) } ONCOL Complete Janice Morgan's Schedule SE for 2018 In your computations, round amounts to the nearest dollar and use rounded amounts in subsequent computations. Round all final answers to the nearest dollar. SCHEDULE SE OMB No. 1545-0074 (Form 1040) Self-Employment Tax Department of the Go to www.irs.gov/Schedules for instructions and the latest Information 2018 Treasury Internal Attach to Form 1040 or Form 1040NR. Attachment Revenue Service (99) Sequence No. 17 Name of person with self-employment Income (as shown on Form 1040 or Form 1040NR) Social security number of person Janice Morgan with self-employment income 123-45-6782 Before you begin: To determine if you must file Schedule SE, see the instructions May I Use Short Schedule SE or Must I Use Long Schedule SE? Note: Use this flowchart only if you must fie Schedule SE. W unsure, so Who Must Flea Schedule Se in the Instructions Did you receive wages or tips in 2018? No Yes Yes Yes Are you a minister, member of a religious order or Christian Science practitioner who received IRS approval not to be taxed on earnings from these sources, but you owe self-employment tax on other camnings? Was the total of your wages and tips subject to social security or railroad retirement (tier 1) tax plus your net warnings from self employment more than $120,4002 No No NO No Yes Are you using one of the optional methods to figure your net earnings (see instructions) Yes Did you receive tips subject to social security or Medicare tax that you did not report to your employer? No No Did you receive church employee income (see instructions) reported on Form W-2 of $108.280 more? Yes No Yes Did you report any wages on Form 8919, Uncollected Social Security and Medicare Tax on Wages? No You may use Short Schedule se below You must use Long Schedule SE on page 2 1a Section A-Short Schedule SE. Caution: Read above to see if you can use Short Schedule SE. la Net form profit or loss) from Schedule, line 34, and farm partnerships, Schedule K-1 (Form 1065), box 14, code A b If you received social security retirement or disability benefits, enter the amount of Conservation Reserve Program payments Induded on Schedule F, line 4b, or listed on Schedule K1 (Form 1065), box 20, code AH 2 Net profit or loss) from Schedule C, line 31: Schedule C-EZ, line 3: Schedule 1 (Form 1065), box 14, code A (other than forming), and Schedule 1 (Form 1065-6), box 9 code #1. Ministers and members of religious orders, see instructions for types of income to report on this line. See Instructions for other Income to report. 1b 2 3 Combine lines 1a, 1b, and 2. 3 4 4 Multiply line 3 by 92.35% (0.9235). Ir less than $100, you don't owe self employment tax don't file this schedule unless you have an amount on line 16 Note: Irine 4 is less than 5400 due to Conservation Reserve Program payments on Ine 1b, see Check Note: If line 4 is less than $400 due to Conservation Reserve Program payments on line 1b, see instructions 5 Self-employment tax. If the amount on line 4 is: $128,400 or less, multiply line 4 by 15.3% (0.153). Enter the result here and on Schedule 4 (Form 1040), line 57, or Form 1040NR, line 55 . More than $128,400, multiply tine a by 2.9% (0.029). Then, add $15,92160 to the retur. Enter the total here and on Schedule 4 (Form 1040), line 57, or Form 1040NR, Iine 55 6 Deduction for one-half of self-employment tax. Multiply line 5 by 50% (0:50). Enter the result here and on Schedule 1 (Form 1040), line 27, or Form 1040NR, line 27 BAA For Paperwork Reduction Act Notice, see your tax return instructions. Schedule SE (Form 1040) 2018 6 Form 4562 Complete Janice's Form 4562 for 2018. Assume additional first-year depreciation is not elected Click here to access the depreciation table to use for this problem For 2018, the maximum 5 179 expense deduction is $1,000,000 and the cost of $ 179 property placed in service during the tax year may not exceeds $2,500,000 OMB No. 1545-0172 2018 Attachment Sequence No. 179 Form 4562 Depreciation and Amortization Department of the (Including Information on Listed Property) Treasury Internal Attach to your tax return. Revenue Service (99) Go to www.lrs.gov/Form4562 for instructions and the latest Information. Name(s) shown on return Janice Morgan Business or activity to which this form relates Schedule C - Writers Anonymous Part I Election To Expense Certain Property Under Section 179 Note: If you have any listed property, complete Part V before you complete Part I. 1 Maximum amount (See Instructions) Identifying number 123-45-6782 1 2 2 Total cost of section 179 property placed in service (see instructions) 3 Threshold cost of section 179 property before reduction intimitation (see instructions) 3 4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0 4 5 Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter-O. If married hiling separately. see instructions.. (b) Cost (business use 6 (a) Description of property (c) Elected cost only) 6 (a) Description of property (b) Cost (business use only) (c) Elected cost Furniture Other assets 7 Listed property. Enter the amount from ine 29 7 8 Total elected cost of section 179 property. Add amounts in column (c), Ines 6 and 7 8 9 Tentative deduction Enter the smaller of line 5 or line 8 9 10 Carryover of disallowed deduction from line 13 of your 2017 Form 4562 10 11 Business income Imitation Enter the smaller of business income (not less than zero) or line 5. See Instrs 11 12 Section 179 expense deduction. Add tines 9 and 10, but don't enter more than tine 11 12 13 Carryover of disallowed deduction to 2019. Add lines 9 and 10, less line 12 13 Note: Don't use Part 11 or Part II below for listed property. Instead, use Part V. Part II Special Depreciation Allowance and Other Depreciation (Don't include listed property. See Instructions.) 14 Special depreciation allowance for qualified property (other than listed property) placed in service during the tax year. See Instructions 15 Property subject to section 168001) election 15 16 Other depreciation (including ACRS) 16 Part III MACRS Depreciation (Don't include listed property. See instructions.) Section A 17 MACRS deductions for assets placed in service in tax years beginning before 2018 17 18 you are electing to group any assets placed in service during the tax year into one or more general asset accounts, check here Section B-Assets Placed in Service During 2018 Tax Year Using the General Depreciation System (c) Basis for (a) Classification or (b) Month and depreciation property year placed in business/investment (d) Recovery (e) Convention (a) Depreciation (1) Method service use only-se period deduction instructions) 198 3-year property b 5-year property c .year property d 10-year property e 15-year property f 20-year property 925-year property S/L h Residential rental 27.5 y MM S/L property 27.5 yrs MM S/L i Nonresidential real 39 yrs MM SIL property MH S/ Section C-Assets Placed in Service During 2018 Tax Year Using the Alternative Depreciation System 20a Class life S/L b 17-year 12 yrs SAL C 30 year 30 yrs MM SA d 40-year MM SAL 25 y 405 31 Part IV Summary (See instructions.) 21 Listed property. Enter amount from line 28 22 Total. Add amounts from line 12, lines 14 through 17. lines 19 and 0 in column (9), and line 21. Inter here and on the appropriate lines of your return. Partnerships and corporations-see instructions 23 For assets shown above and placed in service during the current year, enter the portion of the basis attributable to section 263A cost 23 BAA For Paperwork Reduction Act Notice, see separate instructions. 22 Form 4562 (2016)

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