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    1) This document is an IRS Schedule C tax form for 2019 filed by Dominick Robert Hodge for his sole proprietorship food manufacturing business. 2) It provides information on his business income of $92,000 and expenses of $28,000, resulting in a net profit of $64,000. 3) It also includes details on his business assets, costs of goods sold, and vehicle expenses to claim a tax deduction for his business use of a vehicle.

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    1) This document is an IRS Schedule C tax form for 2019 filed by Dominick Robert Hodge for his sole proprietorship food manufacturing business. 2) It provides information on his business income of $92,000 and expenses of $28,000, resulting in a net profit of $64,000. 3) It also includes details on his business assets, costs of goods sold, and vehicle expenses to claim a tax deduction for his business use of a vehicle.

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    1) This document is an IRS Schedule C tax form for 2019 filed by Dominick Robert Hodge for his sole proprietorship food manufacturing business. 2) It provides information on his business income of $92,000 and expenses of $28,000, resulting in a net profit of $64,000. 3) It also includes details on his business assets, costs of goods sold, and vehicle expenses to claim a tax deduction for his business use of a vehicle.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    8 views2 pages

    DHHSC

    Uploaded by

    lrowland974
    1) This document is an IRS Schedule C tax form for 2019 filed by Dominick Robert Hodge for his sole proprietorship food manufacturing business. 2) It provides information on his business income of $92,000 and expenses of $28,000, resulting in a net profit of $64,000. 3) It also includes details on his business assets, costs of goods sold, and vehicle expenses to claim a tax deduction for his business use of a vehicle.

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    © All Rights Reserved
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    of 2

    OMB No.

    1545-0074
    SCHEDULE C Profit or Loss From Business
    (Form 1040 or 1040-SR) (Sole Proprietorship)
    Go to www.irs.gov/ScheduleC for instructions and the latest information.
    2019
    Department of the Treasury Attachment
    Internal Revenue Service (99) Attach to Form 1040, 1040-SR, 1040-NR, or 1041; partnerships generally must file Form 1065. Sequence No. 09
    Name of proprietor Social security number (SSN)
    DOMINICK ROBERT HODGE 102-28-8895
    A Principal business or profession, including product or service (see instructions) B Enter code from instructions

    FOOD MANUFACTURING 425120


    C Business name. If no separate business name, leave blank. D Employer ID number (EIN) (see instr.)

    E Business address (including suite or room no.) 14255 Dequindre


    City, town or post office, state, and ZIP code Detroit, MI 48212
    F Accounting method: (1) X Cash (2) Accrual (3) Other (specify)
    G Did you "materially participate" in the operation of this business during 2019? If "No," see instructions for limit on losses . . . . X Yes No
    H If you started or acquired this business during 2019, check here. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
    I Did you make any payments in 2019 that would require you to file Form(s) 1099? (see instructions) . . . . . . . . . . . . . Yes X No
    J If "Yes," did you or will you file required Forms 1099? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No
    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 . . . . . . . . . . . . . . . 1 92,000
    2 Returns and allowances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 0
    3 Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 92,000
    4 Cost of goods sold (from line 42) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
    5 Gross profit. Subtract line 4 from line 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 92,000
    6 Other income, including federal and state gasoline or fuel tax credit or refund (see instructions). . . . . . . . 6
    7 Gross income. Add lines 5 and 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 100,000
    Part II Expenses. Enter expenses for business use of your home only on line 30.
    8 Advertising . . . . . . . . . . 8 6,000 18 Office expense (see instructions) 18
    9 Car and truck expenses (see 19 Pension and profit-sharing plans 19
    instructions) . . . . . . . . . 9 20 Rent or lease (see instructions):
    10 Commissions and fees . . . . 10 a Vehicles, machinery, and equipment . 20a
    11 Contract labor (see instructions) 11 b Other business property . . . . 20b
    12 Depletion . . . . . . . . . . . 12 21 Repairs and maintenance . . . . 21 10,000
    13 Depreciation and section 179 22 Supplies (not included in Part III) 22 12,000
    expense deduction (not 23 Taxes and licenses . . . . . . . 23
    included in Part III) (see
    instructions) . . . . . . . . 13 24 Travel and meals:
    14 Employee benefit programs a Travel . . . . . . . . . . . . . 24a
    (other than on line 19) . . . . 14 b Deductible meals (see
    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 line 48) . . 27a
    17 Legal and professional services 17 b Reserved for future use . . . . 27b
    28 Total expenses before expenses for business use of home. Add lines 8 through 27a ........... 28 28,000
    29 Tentative profit or (loss). Subtract line 28 from line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 64,000
    30 Expenses for business use of your home. Do not report these expenses elsewhere. Attach Form 8829
    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.
    If a profit, enter on both Schedule 1 (Form 1040 or 1040-SR), line 3 (or Form 1040-NR, line
    13) and on Schedule SE, line 2. (If you checked the box on line 1, see instructions). Estates and 31 64,000
    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 32a, enter the loss on both Schedule 1 (Form 1040 or 1040-SR), line 3, (or 32a X All investment is at risk.
    Form 1040-NR, line 13) and on Schedule SE, line 2. (If you checked the box on line 1, see the line 32b Some investment is not
    31 instructions). Estates and trusts, enter on Form 1041, line 3. at risk.
    If you checked 32b, you must attach Form 6198. Your loss may be limited.
    For Paperwork Reduction Act Notice, see the separate instructions. Schedule C (Form 1040 or 1040-SR) 2019
    EEA
    Schedule C (Form 1040 or 1040-SR) 2019 AUTO CUSTOMIZATION 812990 Page 2
    Name(s) SSN
    DOMINICK ROBERT HODGE 102-28-8895
    Part III Cost of Goods Sold (see instructions)
    33 Method(s) used to
    value closing inventory: a X Cost b Lower of cost or market c Other (attach explanation)
    34 Was there any change in determining quantities, costs, or valuations between opening and closing inventory?
    If "Yes," attach explanation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes X No

    35 Inventory at beginning of year. If different from last year's closing inventory, attach explanation. . . . . . 35

    36 Purchases less cost of items withdrawn for personal use ....................... 36

    37 Cost of labor. Do not include any amounts paid to yourself ...................... 37

    38 Materials and supplies ....................................... 38

    39 Other costs ............................................. 39

    40 Add lines 35 through 39 ....................................... 40

    41 Inventory at end of year ....................................... 41

    42 Cost of goods sold. Subtract line 41 from line 40. Enter the result here and on line.4 . . . . . . . . . 42
    Part IV Information on Your Vehicle. Complete this part only if you are claiming car or truck expenses on line 9
    and are not required to file Form 4562 for this business. See the instructions for line 13 to find out if you must
    file Form 4562.

    43 When did you place your vehicle in service for business purposes? (month, day, year) Statement #1

    44 Of the total number of miles you drove your vehicle during 2019, enter the number of miles you used your vehicle for:

    a Business b Commuting (see instructions) c Other

    45 Was your vehicle available for personal use during off-duty hours? . . . . . . . . . . . . . . . . . . . . . . . . . Yes No

    46 Do you (or your spouse) have another vehicle available for personal use? ..................... Yes No

    47a Do you have evidence to support your deduction? ................................. Yes No

    b .........................................
    If "Yes," is the evidence written? Yes No
    Part V Other Expenses. List below business expenses not included on lines 8-26 or line 30.

    48 Total other expenses. Enter here and on line 27a .......................... 48


    EEA Schedule C (Form 1040 or 1040-SR) 2019

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