IRS Form 1040 Schedule C | Profit and Loss From Business

Schedule C

Your tax situation may require your tax preparer to attach Schedule C Profit and Loss From Business to your tax return.

We will use of the Schedule C (Form 1040) to report income or loss from a business you operated or a profession you practiced as a sole proprietor.

An activity qualifies as a business if:

• Your primary purpose for engaging in the activity is for income or profit.
• You are involved in the activity with continuity and regularity.

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Schedule C | Profit or Loss Form Business

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