Schedule C (Form 1040)

E698589

United States federal tax form income tax schedule

Schedule C (Form 1040) is an IRS tax form used by sole proprietors and self-employed individuals to report income and expenses from their business.

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Observed surface forms (1)

Surface form	Occurrences
Schedule C	1

Statements (50)

Predicate	Object
instanceOf	United States federal tax form ⓘ income tax schedule ⓘ
appliesTo	taxpayers with business income not reported on Form W-2 ⓘ
attachedTo	Form 1040 NERFINISHED ⓘ Form 1040-SR NERFINISHED ⓘ
country	United States of America ⓘ surface form: United States
filingFrequency	annually ⓘ
hasSection	Part I Income ⓘ Part II Expenses ⓘ Part III Cost of Goods Sold ⓘ Part IV Information on Your Vehicle ⓘ Part V Other Expenses ⓘ
issuedBy	Internal Revenue Service NERFINISHED ⓘ
language	English ⓘ
legalBasis	Internal Revenue Code NERFINISHED ⓘ
notUsedBy	C corporations ⓘ S corporations NERFINISHED ⓘ multi-member LLCs taxed as partnerships ⓘ partnerships ⓘ
officialWebsite	https://www.irs.gov/forms-pubs/about-schedule-c-form-1040 ⓘ
relatedTo	Schedule 1 (Form 1040) NERFINISHED ⓘ Schedule SE (Form 1040) NERFINISHED ⓘ
reports	business expenses ⓘ business income ⓘ business use of home ⓘ car and truck expenses ⓘ cost of goods sold ⓘ depreciation and Section 179 expense ⓘ home office deduction ⓘ net loss ⓘ net profit ⓘ other business deductions ⓘ profit or loss from business ⓘ
requires	accounting method disclosure ⓘ business code ⓘ employer identification number if applicable ⓘ gross receipts or sales amount ⓘ inventory information if applicable ⓘ principal business or profession description ⓘ
usedBy	freelancers ⓘ gig workers ⓘ independent contractors ⓘ self-employed individuals ⓘ single-member LLCs taxed as disregarded entities ⓘ sole proprietors ⓘ
usedFor	calculating net earnings from self-employment ⓘ determining self-employment tax base ⓘ reporting 1099-NEC nonemployee compensation ⓘ reporting income from a trade or business ⓘ reporting statutory employee income ⓘ

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Form 1099-NEC → relatedTo → Schedule C (Form 1040) ⓘ

Form 1040 → hasAttachment → Schedule C (Form 1040) ⓘ

this entity surface form: Schedule C