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A Schedule C is a supplemental form that will be used with a Form 1040. This form is known as a Profit or Loss from Business form. It is used by the United States Internal Revenue Service for tax filing and reporting purposes.What is 1040 form Schedule C?
Schedule C (Form 1040 or 1040-SR) is used to report income or loss from a business operated or a profession practiced as a sole proprietor. Information about Schedule C-EZ (Form 1040), Net Profit from Business (Sole Proprietorship), including recent updates, related forms, and instructions on how to file.