TaxpdfFederal

Schedule C Profit or Loss from Business

IRS schedule for reporting income and expenses from a sole proprietorship or single-member LLC, filed with Form 1040.

PDF TemplateUse the instructions below to complete this form

Instructions

Report gross receipts and calculate cost of goods sold if applicable. Deduct ordinary and necessary business expenses: advertising, car and truck, insurance, legal and professional services, office expense, rent, supplies, utilities, and home office (Form 8829). Net profit is subject to self-employment tax (Schedule SE) in addition to income tax. Keep detailed records and receipts for all deductions.