How to Fill out Schedule C Form 1040 – Sole Proprietorship Taxes

What’s your business?

You should say … US or Canada !!!!!!

How do I figure out the return?

Would be good to mention De Minimis Safe Harbor stuff!

Where do i submit it?

Thanks
So useful

this was legit. thx

Love it bro thanks

Very helpful, thank you. How can I take this information to schedule 1040? Is there any follow-up video?

thank you very much, you are a good teacher. easy to understand you.

Meaning you use schedule C to fill up schedule 1 in order to fill up form 1040, right?

should my accountant charge me if I fill out my own schedule c and hand it to him?

Great video I listen to another video before this and you are so much clearer and quicker. One question I use my home for my office and for meetings with clients, my utilities here in the house how would I expense those under number 25 and part two on my 1040?

Can you PLEASE tell me where i add my husband's income? We file jointly ( 1040 ) but i file with a schedule C for doordash. Do i combine our income on the gross income line or the other income line? Thank you so much

Security guard fall under this schedule c form

If I already filed my 2022 individual taxes and would like to add a form (Schedule C in this case) how would I go about that?

Good explanation

Also idk if commissions and fees if I can add my Etsy fees and shipping costs? 😅

I didn’t file my taxes for my business in 2020 OR 2021 as I barely made an funds past $400 I think the one year I made like almost $600 and didn’t is that bad? Like I’m tryna file now for 2022 I made around $3k! But in 2020-2021 I bought equipment, would I be able to add that stuff to my form 4562 for the depreciation for 2022 tax filing?

Excellent explanation, so helpful. Thank you

If I sell on poshmark and also have a part time job do I use this form?

hey thank so much for the info have been very helpful. However, I have a question is the if you received w2 and 1099 and the same year you start working a sole proprietor you add all this on the schedule C INCOME 1, or you just add the 1099 + all what you make as sole proprietor or just a sole proprietor? I'm no clear about that.

Super helpful. Thank you for the clear explanation.

This video is awesome to this point. So far I have 4 hours of research trying to find out how to attach 1040c info to form 1040. Or how to fill out a 1040 when my only income is from 1099-NEC. Maybe a step by step for this? I'm probably going to have to pay someone to answer what seems to me like a simple question. This will be the first time in 40 years I won't be doing my own taxes.

Hi! Thank you for sharing but I would to ask is the 1040 schedule c is different from regular 1040 for W2?
I need to file both so I need 2 different forms and file them together? I did food deliveries Jan to April 2022 only for side gig, then I was employed ( restaurant) from Feb. To present
I normally use turbotax for my job W2. De luxe category. Is the 1040 schedule c, i have a choose self employed category on turbotax? Please help me. Thanks I am confuse.

This was so helpful, thank you so much!

Do you help with schedule c for a small business

Life saver ❤ Thanks for sharing

Just found this video because I am seeking how to file schedule C due to my first year in business but was not aware that a 1040 is needed also.

Thank you so much! This was super helpful!

My schedule C with H&R Block did not allow me to add non-1099 income without posting it as other income. Is that OK? Should I do something different next year?

It is listed under other income line 6 on schedule C. It will be nearly the same amount every year.

Great video, but which line on the 1040 is schedule C reported? Haven't heard any answer to this, even after several vids, docs etc. Some of us still hand file returns. 8, 10, 12 nowhere?

Clear and to the point! thanks - this was helpful.

Amazing video !!! Thank you so much for this wonderful content. The only problem I have now is: how to report 1099-nec on the 1040

Dude, you're the goat

Thank you! Clear and concise instructions are explained.

You are the fucking GOAT just gave me the sauce! Earned a sub you just changed my life dude!

this is so perfect, thank you!!

Question what do we put for section A for only selling used items on ebay??? like clothing

Hey I have a question in section 2 under utilities so I am a home based hairstylist and I use things like a portable hair dryer and a ridgid wet/dry vaccine for my washing station both of those things take up electricity (utilities) so how would I calculate how many kWh I used in a year to service my business or do I count the whole bill as a whole from when I started working out of my business to December of 2022?

What do you do about double reporting 1099k how would you handle that? Second question if you have multiple 1099k would you enter them all separately or combined.Thanks in advance

Where do you put startup costs?

GREAT video and all but i had everything for my new car except stubs and statements and my tax statements which the dealership needed but i already got my car thanks to DEELSCAFE 👍

Hey I have a good question. First thank you for he video. My question is when do I file this? Do I fill this out and send it by mail after filing my taxes on turbo tax or what

If you did say no should it say no you Fvcking retard?

very helpful. step-by-step guide, easy to understand, and straight to the point.. thank you so much!!

I just found your videos and will be using them to guide me because the company I work for files taxes but it’s not just taxes but your videos will be my lifesaver thank you so much ❤

Dude...THAAAAAAAAAAAAAAANK YOU!!!!!

i can say the video is brilliant but i got my schedule c and stub done by my man deelscafe 👍

Line J?? Who is dumb enough to tell them yes I’m required to fill out a 1099 but I’m not doing it??
Which form does a drug dealer fill out? 😁😁 jkn