Schedule C is used for any business that is not set up as a separate legal business entity such as a partnership or corporation. If you receive 1099s for your work, you will need to file a Schedule C. Schedule C is part of your tax return, and reports how much money your small business made or lost throughout the year. Schedule C preparationĪs a small business owner, perhaps the most important form you will need to complete is Schedule C: Profit or Loss From Business (Sole Proprietorship). Here are some of the more important ones. TurboTax Self-Employed includes numerous stand-out features.
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