
Schedule C
Profit or Loss From Business - 2024
Schedule C is used by self‑employed individuals to report business earnings and deductible expenses.
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What is a Schedule C form?
Schedule C is used by self‑employed individuals to report business earnings and deductible expenses.
- Gather income records from business activities.
- Enter gross receipts or sales.
- Calculate cost of goods sold (if applicable).
- Enter business expenses in each category.
- Compute net profit or loss.
- Attach Schedule C to Form 1040 and keep supporting documentation.
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