Schedule C: Profit or Loss from Business

• Author: Jack Zuckerman
• Pages: 13-24

PART ONE: PROPRIETORSHIPS / 13 

OMB No. 1545-0074

Profit or Loss From Business

SCHEDULE C

(Sole Proprietorship)

(Form 1040) 2013

GFor information on Schedule C and its instructions, go to www.irs.gov/schedulec.

Department of the Treasury Attachment

(99) GAttach to Form 1040, 1040NR, or 1041; partnerships generally must file Form 1065.

Internal Revenue Service 09

Sequence No.

Name of proprietor Social security number (SSN)

Principal business or profession, including product or service (see instructions) Enter code from instructions

AB

G

Business name. If no separate business name, leave blank.CEmployer ID number (EIN), (see instrs)

D

EBusiness address (including suite or room no.) G

City, town or post office, state, and ZIP code

F (1) (2) (3)

Accounting method: Cash Accrual Other (specify) G

G Yes No

Did you 'materially participate' in the operation of this business during 2013? If 'No,' see instructions for limit on losses. .

HIf you started or acquired this business during 2013, check here. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G

I Yes No

Did you make any payments in 2013 that would require you to file Form(s) 1099? (see instructions) . . . . . . . . . . . . . . . . . . . . .

J Yes No

If 'Yes,' did you or will you file all required Forms 1099?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part I Income

1Gross receipts or sales. See instructions for line 1 and check the box if this income was reported to you

1

G

on Form W-2 and the 'Statutory employee' box on that form was checked. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 2

Returns and allowances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 3

Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

44 Cost of goods sold (from line 42). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Gross profit. Subtract line 4 from line 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 5

Other income, including federal and state gasoline or fuel tax credit or refund

6

6

(see instructions)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Gross income. Add lines 5 and 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77 G

Part II Expenses. Enter expenses for business use of your home only on line 30.

8 8 18 18

Advertising . . . . . . . . . . . . . . . . . . . Office expense (see instructions). . . . . . . .

9Car and truck expenses 1919 Pension and profit-sharing plans

. . . . . . . . .

9

(see instructions)

. . . . . . . . . . . . . . 20 Rent or lease (see instructions):

10 10

Commissions and fees

. . . . . . . . . a 20a

Vehicles, machinery, and equipment. . . . .

11 Contract labor b 20b

Other business property

. . . . . . . . . . . . . . . . .

11

(see instructions)

. . . . . . . . . . . . . .

21 21

Repairs and maintenance. . . . . . . . . . . . . . .

12 12

Depletion. . . . . . . . . . . . . . . . . . . . .

22 22

Supplies (not included in Part III). . . . . . . .

Depreciation and section

13 179 expense deduction 23 23

Taxes and licenses. . . . . . . . . . . . . . . . . . . . .

(not included in Part III) 24 Travel, meals, and entertainment:

13

(see instructions)

. . . . . . . . . . . . . .

a 24a

Travel

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

14 Employee benefit programs 14

(other than on line 19

. . . . . . . . . . bDeductible meals and entertainment

24b

(see instructions). . . . . . . . . . . . . . . . . . . . . . .

15 15

Insurance (other than health) . .

25 2516 Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest:

26 26a 16a Wages (less employment credits). . . . . . . .

Mortgage (paid to banks, etc). . . . . . . .

27a 27ab 16b Other expenses (from line 48). . . . . . . . . . . Other. . . . . . . . . . . . . . . . . . . . . . . . .

17 17

Legal & professional services. . b 27b

Reserved for future use

. . . . . . . . . . . . . . . . .

Total expenses before expenses for business use of home. Add lines 8 through 27a. . . . . . . . . . . . . . . . . . . . . . . 2828 G

29 29

Tentative profit or (loss). Subtract line 28 from line 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Expenses for business use of your home. Do not report such expenses elsewhere. Attach Form 882930

unless using the simplified method (see instructions).

Simplified method filers only: enter the total square footage of: (a) your home:

and (b) the part of your home used for business:

. Use the Simplified 30

Method Worksheet in the instructions to figure the amount to enter on line 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Net profit or (loss). Subtract line 30 from line 29.31

? If a profit, enter on both Form 1040, line 12 (or Form 1040NR, line 13) and on

Schedule SE, line 2. If you checked the box on line 1, see instructions). Estates 31

and trusts, enter on Form 1041, line 3.

? If a loss, you must go to line 32.

If you have a loss, check the box that describes your investment in this activity (see instructions).

32

? If you checked 32a, enter the loss on both Form 1040, line 12, (or Form 1040NR, line 13) and on All investment is

Schedule SE, line 2. (If you checked the box on line 1, see the instructions for line 31). Estates and 32a at risk.

trusts, enter on Form 1041, line 3. Some investment

? If you checked 32b, you must attach Form 6198. Your loss may be limited. 32b is not at risk.

Schedule

C

(Form 1040) 2013

BAA For Paperwork Reduction Act Notice, see the separate instructions. FDIZ0112L 10/29/13

ROBERTA DOCTOR 321-56-4898

PHYSICIAN/MEDICAL SERVICE 621111

95-1234567

33 BEVERLY DRIVE

BEVERLY HILLS CA 90201

X

X

X

454,200.

454,200.

454,200.

454,200.

1,650.

2,517.

60,000.

775.

325.

54,080.

15,100.

4,950.

33,000.

1,280. 16,919.

1,580.

192,176.

262,024.

262,024.