Zofia is self-employed, files a Schedule C, and owns a qualified business for calculation of...
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Zofia is self-employed, files a Schedule C, and owns a qualified business for calculation of QBI. Zotia had $60,000 in taxable business income on Schedule C. On 10/30/2022. Zofia sold some office equipment for $6,060 that was purchased on 04/01/2019 for a cost of $7.575. The office equipment is being depreciated over seven year MACRS half-year convention. Zofia has no other qualified businesses. Zofia's taxable income for the income limitation is $102,000. (Hint it will be useful to use information from Chapter 6 , Form 8995, Schedule 1, and Form 1040 as a gulde) Use Table 6A.1 Required: Q. What is the Section 1245 depreciation recapture (if any) on the sale of the office equipment? b. What is the self-employment deduction on the income from Zofia's business? c. What is Zofia's Qualified Business Income (QBi) for Form 8995? d. What is Zofia's Qualified Business income Deduction (QBID) for Form 8995? e. Assuming there are no other items for Form 8995 , what amount(s) will be entered on Line 13 of Form 1040? f. Assuming there are no other items for Schedule t, what amount(s) will be entered on Line 8 of Form 1040 ? 9. Assuming there are no other items for Schedule 1. what amount(s) will be entered on Line 10 a of Form 1040 ? Complete this question by entering your answers in the tabs below. Assuming there are no other items for Schedule 1, what amount(s) will be entered on Une 10a of Form 1040 ? Note: Do nor round your intermediate calculations and round your answer to the nearest whole doflar

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