| Government Form |
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|---|---|---|---|---|
| Worksheet | Section | Field | ||
| Schedule C, Page 1 | ||||
| Name of proprietor | General > Basic Data | General |
First name > Taxpayer Initial > Taxpayer Last Name > Taxpayer Suffix > Taxpayer First name > Spouse Initial > Spouse Last Name > Spouse Suffix > Spouse |
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| Based on | ||||
| Income > Business | General | TSJ | ||
| Social security number | General > Basic Data | General |
Social security number > Taxpayer Social security number > Spouse |
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| Based on | ||||
| Income > Business | General | TSJ | ||
| A | Income > Business | General | Principal business or profession including product or service | |
| B | Income > Business | General | Business code | |
| C | Income > Business | General | Business name | |
| D | Income > Business | General | Employer identification number | |
| E | Income > Business | General |
Street address City State ZIP or postal code Foreign country code Foreign province / state / county |
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| If Street address is keyed, and City, State, and ZIP code are blank, then | ||||
| General > Basic Data | General |
Present city of residence Present state ZIP code Foreign province / state / county Foreign country Foreign postal code |
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| If City, State, and ZIP code are keyed, and Street address is blank, then | ||||
| General > Basic Data | General |
Present street address Apartment number |
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| F | Income > Business | General |
Accrual method accounting Other accounting method (If blank, cash) |
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| G | Income > Business | General | No material participation | |
| H | Income > Business | General | Started or acquired this business in 2020 | |
| I | Income > Business | General | Payments made during the tax year that would require you to file Form(s) 1099 | |
| J | Income > Business | General | Filed, or will file all required Form(s) 1099 | |
| Part I | ||||
| 1 | Income > Business | Income and Cost of Goods Sold | Gross receipts or sales | |
| Income > Business | Depletion - Property Production Income and Expenses | Gross income | ||
| Income > Business | General | Wages reported on IRS Form W-2 which were earned as a statutory employee | ||
| Income > Wages, Salaries and Tips | Wages and Salaries > Detail > IRS-W2 |
Wages, tips, other comp. IF Statutory employee is checked AND Schedule C name matches the Schedule C business entity name |
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| Income > Other Income | Payment Card and Third Party Network Transactions > Detail > IRS 1099-K |
Gross amount of payment card/third party network transactions and Card not present transactions IF Schedule C name matches the Schedule C business entity name |
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| Income > Other Income | Miscellaneous Income > Detail > IRS 1099-MISC |
Rents Royalties Other Income Fishing boat proceeds Medical & health care payments Substitute payments in lieu of dividends or interest Gross proceeds paid to an attorney Excess golden parachute payments IF Schedule C name matches the Schedule C business entity name |
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| Income > Other Income | Nonemployee Compensation > Detail > IRS 1099-NEC |
Nonemployee compensation IF Schedule C name matches the Schedule C business entity name |
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| 2 | Income > Business | Income and Cost of Goods Sold | Less returns and allowances | |
| 3 | Calculated | |||
| 4 | Schedule C, Part III, line 42 | |||
| 5 | Calculated | |||
| 6 | Income > Business | Income and Cost of Goods Sold |
Other Income Description Other Income Amount Other income - Override |
|
| Calculated based on entries on Employee Business Expenses | ||||
| Calculated based on entries on Business > Auto Information, Depreciation, and Listed Property Questions/Pct Excl/St | ||||
| Calculated based on entries on Business > Depreciation and Amortization | ||||
| Calculated based on entries on Other > Deferral of Income Recognition From Discharge of Indebtedness | ||||
| Form 6478, line 2 if entries are made on Income > Business > Form 6478 - Alcohol Used as Fuel Credit | ||||
| Form 8864, line 8 if entries are made on Income > Business > Form 8864 - Biodiesel and Renewable Diesel Fuels Credit | ||||
| 7 | Calculated | |||
| Part II | ||||
| 8 | Income > Business | Expenses | Advertising | |
| Income > Business | Depletion | Amount if Schedule C line number is "8" | ||
| 9 | Income > Business | Expenses |
Car and truck expenses Parking fees and tolls |
|
| Income > Business | Auto Information, Depreciation, and Listed Property Questions > Detail > Date in Service | Date in service | ||
| Income > Business | Auto Information, Depreciation, and Listed Property Questions > Detail > Automobile Expenses |
Code for actual expenses or standard mileage rate Total miles Total business miles Gasoline, oil, repairs, insurance, etc |
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| Calculated based on entries on Worksheet Employee Business Expense | ||||
| Income > Business | Depletion | Amount if Schedule C line number is "9" | ||
| Minister Worksheet 2, line 2 | ||||
| 10 | Income > Business | Expenses | Commissions and fees | |
| Income > Business | Depletion | Amount if Schedule C line number is "10" | ||
| 11 | Income > Business | Expenses | Contract labor | |
| Income > Business | Depletion | Amount if Schedule C line number is "11" | ||
| 12 | Calculated - based on entries on | |||
| Income > Business | Property and Cost Depletion | |||
| OR | ||||
| Income > Business | Expenses | Depletion - Override | ||
| 13 | Form 4562, line 22 | |||
| Income > Business | Expenses |
Depreciation - adjustment Depreciation claimed elsewhere in Schedule C (reduces depreciation expense) |
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| Calculated based on entries on Income > Business > Auto Information, Depreciation, and Listed Property Questions | ||||
| Calculated based on entries on Deductions > Employee Business Expenses | ||||
| Income > Business | Depletion | Amount if Schedule C line number is "13" | ||
| 14 | Income > Business | Expenses | Employee benefit programs (other than pension and profit sharing plans) | |
| Income > Business | Depletion | Amount if Schedule C line number is "14" | ||
| Allocated business portion from Form 2441, line 26 when an entry is present on Income > Business > Expenses > Dependent care benefits | ||||
| Form 8941, line 16 when an entry is present on Income > Business > Form 8941 - Credit for Small Employer Health Insurance Premiums | ||||
| 15 | Income > Business | Expenses | Insurance (other than health) | |
| Income > Business | Depletion | Amount if Schedule C line number is "15" | ||
| 16a | Income > Business | Expenses | Interest - mortgage paid to financial Institutions | |
| Income > Business | Depletion | Amount if Schedule C line number is "16A" | ||
| Deductions > Itemized Deductions | Mortgage Interest (IRS 1098-MIS) > Detail > IRS 1098-MIS | Mortgage interest | ||
| IF | ||||
| Deductions > Itemized Deductions | Mortgage Interest (IRS 1098-MIS) > Detail > IRS 1098-MIS Additional Information |
Attachment Form is "Schedule C" AND Attachment Name matches the Schedule C business entity |
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| 16b | Income > Business | Expenses | Interest - other | |
| Income > Business | Expenses | Disallowed interest from Form 8990 - override | ||
| Income > Business | Auto Information, Depreciation, and Listed Property Questions > Detail > Automobile Expenses | Interest | ||
| Based on business percent calculated from entries on | ||||
| Income > Business | Auto Information, Depreciation, and Listed Property Questions > Detail > Automobile Expenses |
Total miles Total business miles Percent of business use - override |
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| Income > Business | Auto Information, Depreciation, and Listed Property Questions Pct Excl/St | Asset number | ||
| Income > Business | Auto Information, Depreciation, and Listed Property Questions Pct Excl/St | Percent Excluded Information > Percent excluded - 2020 | ||
| OR | ||||
| Income > Business | Depreciation and Amortization > General | Asset number | ||
| Income > Business | Depreciation and Amortization > Listed Property and Percent Excluded |
Total miles Total business miles Percent excluded - 2020 |
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| Income > Business | Depletion | Amount if Schedule C line number is "16B" | ||
| Calculated based on entries on | ||||
| Other > 8990 - Limitations for Business Interest Expense under Sec 163(j) | Form 8990 - Limitation of Business Interest under Sec. 163(j) | |||
| 17 | Income > Business | Expenses | Legal and professional services | |
| Income > Business | Depletion | Amount if Schedule C line number is "17" | ||
| 18 | Income > Business | Expenses | Office expense | |
| Income > Business | Depletion | Amount if Schedule C line number is "18" | ||
| 19 | Income > Business | Expenses | Pension and profit sharing plans | |
| Income > Business | Depletion | Amount if Schedule C line number is "19" | ||
| 20a | Income > Business | Expenses | Rent or lease - vehicles, machinery, and equipment | |
| Income > Business | Auto Information, Depreciation, and Listed Property Questions > Detail > Automobile Expenses | Vehicle rentals / leases | ||
| Based on business percent calculated from entries on | ||||
| Income > Business | Auto Information, Depreciation, and Listed Property Questions > Detail > Automobile Expenses |
Total miles Total business miles Percent of business use - Override |
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| Income > Business | Auto Information, Depreciation, and Listed Property Questions Pct Excl/St | Asset number | ||
| Income > Business | Auto Information, Depreciation, and Listed Property Questions Pct Excl/St | Percent Excluded Information > Percent excluded - 2020 | ||
| OR | ||||
| Income > Business | Depreciation and Amortization > Detail > General | Asset number | ||
| Income > Business | Depreciation and Amortization > Detail > Listed Property and Percent Excluded |
Total miles Total business miles Percent excluded - 2020 |
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| Calculated based on entries Employee Business Expenses | ||||
| Income > Business | Depletion | Amount if Schedule C line number is "20A" | ||
| 20b | Income > Business | Expenses | Rent or lease - other business property | |
| Income > Business | Depletion | Amount if Schedule C line number is "20B" | ||
| 21 | Income > Business | Expenses | Repairs and maintenance | |
| Income > Business | Depletion | Amount if Schedule C line number is "21" | ||
| 22 | Income > Business | Expenses | Supplies - not included in cost of sales | |
| Income > Business | Depletion | Amount if Schedule C line number is "22" | ||
| 23 | Income > Business | Expenses | Taxes and licenses | |
| Income > Business | Auto Information, Depreciation, and Listed Property Questions > Detail > Automobile Expenses | Taxes | ||
| Based on business percent calculated from entries on | ||||
| Income > Business | Auto Information, Depreciation, and Listed Property Questions > Detail > Automobile Expenses |
Total miles Total business miles Percent of business use - Override |
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| Income > Business | Auto Information, Depreciation, and Listed Property Questions Pct Excl/St | Asset number | ||
| Income > Business | Auto Information, Depreciation, and Listed Property Questions Pct Excl/St | Percent Excluded Information > Percent excluded - 2020 | ||
| OR | ||||
| Income > Business | Depreciation and Amortization > Detail > General | Asset number | ||
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Any of the following worksheets: Income > Business |
Depreciation and Amortization > Detail > Listed Property and Percent Excluded |
Total miles Total business miles Percent excluded - 2020 |
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| Income > Business | Depletion | Amount if Schedule C line number is "23" | ||
| Form 8846, line 4 - Adjustment when an entry is present on Income > Business > Form 8846 - Credit for Employer Social Security and Medicare Taxes Paid | ||||
| Deductions > Itemized Deductions | Mortgage Interest (IRS 1098-MIS) > Detail > IRS 1098-MIS | Taxes | ||
| IF | ||||
| Deductions > Itemized Deductions | Mortgage Interest (IRS 1098-MIS) > Detail > IRS 1098-MIS Additional Information |
Allocable Expense Percentage IF Attachment Form is "Schedule C" AND Attachment Name matches the Schedule C business entity name |
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| 24a | Income > Business | Expenses | Travel | |
| Income > Business | Depletion | Amount if Schedule C line number is "24A" | ||
| 24b | Calculated based on | |||
| Income > Business | Expenses |
Total meals subject to 50% limit Total meals subject to 80% limit Total meals other |
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| Income > Business | Depletion | Amount if Schedule C line number is "24B" | ||
| Minister Worksheet 2, line 3 | ||||
| 25 | Income > Business | Expenses | Utilities | |
| Income > Business | Depletion | Amount if Schedule C line number is "25" | ||
| 26 | Income > Business | Expenses | Wages | |
| Income > Business | Depletion | Amount if Schedule C line number is "26" | ||
| Form 5884, line 2 when an entry is present on Income > Business > Form 5884 - Work Opportunity Credit | ||||
| Form 5884-A, line 2 when an entry is present on Income > Business > Form 5884A - Credits for Affected Disaster Area Employers | ||||
| Form 8844, line 2 when an entry is present on Income > Business > Form 8844 - Empowerment Zone Employment Credit | ||||
| Form 8845, line 4 when an entry is present on Income > Business > Form 8845 - Indian Employment Credit | ||||
| Form 8932, line 2 when an entry is present on Income > Business > Form 8932 - Credit for Employer Differential Wage Payments | ||||
| Form 8994, line 1 when an entry is present on Income > Business > Form 8994 - Employer Credit for Paid Family and Medical Leave | ||||
| Form 8994, line 1 when an entry is present on Income > Business > Form 8994 - Employer Credit for Paid Family and Medical Leave | ||||
| 27 | Schedule C, Part V, line 48 | |||
| Minister Worksheet 2, line 7 | ||||
| 28 | Calculated | |||
| 29 | Calculated | |||
| 30 |
Form 8829, line 35 when an entry is present on Income > Business > Business Use of Home Calculated based on entries on Income > Business > Business Use of Home if Simplified method is checked |
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| 31 | Calculated - limited by Form 6198 and Form 8582, carries to Form 1040, Schedule 1, line 12 | |||
| Carries to Schedule SE, line 2 if the following are blank | ||||
| Income > Business | General |
Not self-employment income Ministerial income and Form 4361 has been filed |
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| 32a | Calculated if Schedule C, line 31 is a loss and Form 6198 is not prepared | |||
| 32b | Calculated if Schedule C, line 31 is a loss and Form 6198 is prepared from entries on Income > Business > At-Risk Limitations | |||
| Schedule C, Page 2 | ||||
| Part III | ||||
| 33 | Income > Business | General |
Inventory option Other valuation method |
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| 34 | Income > Business | General | Change in inventory method | |
| 35 | Income > Business | Income and Cost of Goods Sold | Beginning inventory | |
| 36 | Income > Business | Income and Cost of Goods Sold | Merchandised purchased less items withdrawn for personal use | |
| 37 | Income > Business | Income and Cost of Goods Sold | Cost of labor | |
| 38 | Income > Business | Income and Cost of Goods Sold | Materials and supplies | |
| 39 | Income > Business | Income and Cost of Goods Sold |
Cost of goods sold other costs Other costs - Override |
|
| 40 | Calculated | |||
| 41 | Income > Business | Income and Cost of Goods Sold | Ending inventory | |
| 42 | Calculated - Carries to Schedule C, Part I, line 4 | |||
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Note: Complete the following only if car and truck expenses are claimed and Form 4562 is not required to be filed for this business. Statement SBE, Part II entries are carried to Part IV if Income > Business > General > Automobile print code is "2." |
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| Part IV | ||||
| 43 | Income > Business | Auto Information, Depreciation, and Listed Property Questions | Date In Service | |
| Income > Business | Auto Information, Depreciation, and Listed Property Questions > Detail > Date in Service | Date In Service | ||
| Income > Business | Depreciation and Amortization | Date in service | ||
| Income > Business | Depreciation and Amortization > Detail > General | Date in service | ||
| Income > Business | Depreciation and Amortization Totals > Property Used More Than 50 Percent in a Trade or Business | Date in service | ||
| Income > Business | Depreciation and Amortization Totals > Property Used 50 Percent or Less in a Trade or Business | Date in service | ||
| 44a | Income > Business | Auto Information, Depreciation, and Listed Property Questions | Total business miles | |
| Income > Business | Auto Information, Depreciation, and Listed Property Questions > Detail > Automobile Expenses | Total business miles | ||
| Income > Business | Depreciation and Amortization > Detail > Listed Property and Percent Excluded | Total business miles | ||
| Income > Business | Depreciation and Amortization Totals > Detail > Property Used More Than 50 Percent in a Trade or Business | Total business miles | ||
| Income > Business | Depreciation and Amortization Totals> Detail > Property Used 50 Percent or Less in a Trade or Business | Total business miles | ||
| 44b | Income > Business | Auto Information, Depreciation, and Listed Property Questions | Total Commuting Miles | |
| Income > Business | Auto Information, Depreciation, and Listed Property Questions > Detail > Automobile Expenses | Total commuting miles for year | ||
| Income > Business | Depreciation and Amortization > Detail > Listed Property and Percent Excluded | Total commuting miles | ||
| Income > Business | Depreciation and Amortization Totals > Property Used More Than 50 Percent in a Trade or Business | Total commuting miles | ||
| Income > Business | Depreciation and Amortization Totals > Property Used 50 Percent or Less in a Trade or Business | Total commuting miles | ||
| 44c | Income > Business | Auto Information, Depreciation, and Listed Property Questions |
Total miles LESS Total business miles AND Total commuting miles |
|
| Income > Business | Auto Information, Depreciation, and Listed Property Questions > Detail > Automobile Expenses |
Total miles LESS Total business miles AND Total commuting miles for the year |
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| Income > Business | Depreciation and Amortization > Detail > Listed Property and Percent Excluded |
Total miles LESS Total business miles AND Total commuting miles |
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| Income > Business | Depreciation and Amortization Totals > Detail > Property Used More Than 50 Percent in a Trade or Business | Total other personal miles | ||
| Income > Business | Depreciation and Amortization Totals > Detail > Property Used 50 Percent or Less in a Trade or Business | Total other personal miles | ||
| 45 | Income > Business | Auto Information, Depreciation, and Listed Property Questions > Detail > Other Auto Information | Do you (or your spouse) have another vehicle available for personal use? | |
| Income > Business | Depreciation and Amortization > Detail > Property Used More Than 50 Percent in a Trade or Business | Available for personal use | ||
| Income > Business | Depreciation and Amortization > Detail > Property Used 50 Percent or Less in a Trade or Business | Available for personal use | ||
| 46 | Income > Business | Auto Information, Depreciation, and Listed Property Questions > Detail > Other Auto Information | Was your vehicle available for use during off-duty hours? | |
| Income > Business | Depreciation and Amortization > Detail > Listed Property and Percent Excluded | Was vehicle available for personal use during off-duty hours? | ||
| Income > Business | Depreciation and Amortization Totals > Property Used More Than 50 Percent in a Trade or Business | Another vehicle is available | ||
| Income > Business | Depreciation and Amortization Totals > Property Used 50 Percent or Less in a Trade or Business | Another vehicle is available | ||
| 47a | Income > Business | Auto Information, Depreciation, and Listed Property Questions > Listed Property Questions | Do you have evidence to support your deductions? | |
| Income > Business | Depreciation and Amortization > Detail > Listed Property and Percent Excluded > Questions for Employers Who Provide Vehicle for Use by Their Employees | Does the taxpayer have evidence, for listed property, to support the business/investment use percentage claimed? | ||
| Income > Business | Depreciation and Amortization Totals > All Listed Property | Do you have evidence to support the business and investment use claimed? | ||
| 47b | Income > Business | Auto Information, Depreciation, and Listed Property Questions > Listed Property Questions | If "Yes," is the evidence written? | |
| Income > Business | Depreciation and Amortization > Detail > Questions for Employers Who Provide Vehicle for Use by Their Employees | Is the evidence written? | ||
| Income > Business | Depreciation and Amortization Totals > All Listed Property | If yes, is the evidence written? | ||
| Part V | ||||
| 48 | Commercial revitalization deduction calculated from entries entered on depreciation section | |||
| Income > Profit of Loss from Business | Expenses | Commercial revitalization deductions - Override | ||
| Gulf Zone property deduction calculated from entries entered on depreciation section | ||||
| Income > Business | Expenses | Other expenses | ||
| IF state use is not "CO," "ST," "MA," or "NH" | ||||
| Income > Business | Loss Carryovers |
Federal loss carryover At-Risk Amount Federal revitalization deduction carryover At-Risk Amount |
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| Statement SBE, line 10 | ||||
| IF | ||||
| Deductions > Employee Business Expenses | General |
Attachment Option is "Schedule C" AND Attachment Name matches the Schedule C business entity name |
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| Income > Business | Depletion | Amount if Schedule C line number is "27" | ||
| Form 4562, line 44 carries to Schedule C, line 27 | ||||
| Deductions > Itemized Deductions | Mortgage Interest (IRS 1098-MIS) > Detail > IRS 1098-MIS |
Points paid on purchase of principal residence Refund of overpaid interest Mortgage insurance premiums Taxes |
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| IF | ||||
| Deductions > Itemized Deductions | Mortgage Interest (IRS 1098-MIS) > Detail > IRS 1098-MIS Additional Information |
Allocable Expense Percentage IF Attachment Form is "Schedule C" AND Attachment Name matches the Schedule C business entity name |
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