Schedule C (Form 1040), Profit or Loss From Business
Use 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 and you are involved in the activity with continuity and regularity. For example, a sporadic activity or a hobby does not qualify as a business. To report income from a nonbusiness activity, see the instructions for Form 1040, line 21, or Form 1040NR, line 21.
Current Revision
Recent Developments
Clarification to the Instructions for Schedule C, E, & F (Form 1040) on Reporting Form 1099-K Amounts -- 30-JAN-2012
Correction to the 2011 Instructions for Schedule C (Form 1040), Profit or Loss From Business -- 15-DEC-2011
Other Items You May Find Useful:
All Revisions for Schedule C (Form 1040)
Comment on Schedule C (Form 1040)
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