Form Schedule C (1040) Schedule C (1040) Profit or Loss From Business

SCHEDULE C
(Form 1040)

Profit or Loss From Business

OMB No. 1545-0074

2015

(Sole Proprietorship)
about Schedule C and its separate instructions is at www.irs.gov/schedulec.
▶ Attach to Form 1040, 1040NR, or 1041; partnerships generally must file Form 1065.

▶ Information

Department of the Treasury
Internal Revenue Service (99)

Attachment
Sequence No. 09

Name of proprietor

Social security number (SSN)

A

B Enter code from instructions

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

▶

C

Business name. If no separate business name, leave blank.

E

Business address (including suite or room no.)

F
G
H

City, town or post office, state, and ZIP code
Cash
(2)
Accrual
(3)
Other (specify) ▶
Accounting method:
(1)
Did you “materially participate” in the operation of this business during 2015? If “No,” see instructions for limit on losses
If you started or acquired this business during 2015, check here . . . . . . . . . . . . . . . . .

I
J

Did you make any payments in 2015 that would require you to file Form(s) 1099? (see instructions) .
If "Yes," did you or will you file required Forms 1099? . . . . . . . . . . . . . .

Part I

D Employer ID number (EIN), (see instr.)

▶

Income

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2
3

Gross receipts or sales. See instructions for line 1 and check the box if this income was reported to you on
Form W-2 and the “Statutory employee” box on that form was checked . . . . . . . . . ▶
Returns and allowances . . . . . . . . . . . . . . . . . . . . . . . . .
Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . .

4
5
6

Cost of goods sold (from line 42) . . . . . . . . . . . . . . . . . . .
Gross profit. Subtract line 4 from line 3 . . . . . . . . . . . . . . . . .
Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) .

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4
5
6

7

Gross income. Add lines 5 and 6 .

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7

8

Advertising .

9

Car and truck expenses (see
instructions) . . . . .
Commissions and fees .

1

Part II

10
11
12
13

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Contract labor (see instructions)
Depletion . . . . .
Depreciation and section 179
expense
deduction
(not
included in Part III) (see
instructions) . . . . .

14

Employee benefit programs
(other than on line 19) . .
Insurance (other than health)

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16

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Expenses. Enter expenses for business use of your home only on line 30.
8
9
10

Office expense (see instructions)

18

Pension and profit-sharing plans .
Rent or lease (see instructions):
Vehicles, machinery, and equipment

19
20a

Other business property . . .
Repairs and maintenance . . .
Supplies (not included in Part III) .

20b
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22

Taxes and licenses . . . . .
Travel, meals, and entertainment:
Travel . . . . . . . . .

23
24a

25

Deductible meals and
entertainment (see instructions) .
Utilities . . . . . . . .

24b
25

26
27a
b

Wages (less employment credits) .
Other expenses (from line 48) . .
Reserved for future use . . .

26
27a
27b

21
22
23
24
a

14
15

b

17

Interest:
Mortgage (paid to banks, etc.)
Other . . . . . .
Legal and professional services

28

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

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28

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30

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

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29

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b

16a
16b
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. Use the Simplified
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Net profit or (loss). Subtract line 30 from line 29.
• 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 and trusts, enter on Form 1041, line 3.
• If a loss, you must go to line 32.

32

Yes
Yes

No
No

▶

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Expenses for business use of your home. Do not report these expenses elsewhere. Attach Form 8829
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:
Method Worksheet in the instructions to figure the amount to enter on line 30

31

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No

2
3

19
20
b

13

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Yes

1

18

a

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12

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If you have a loss, check the box that describes your investment in this activity (see instructions).
• If you checked 32a, enter the loss 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 the line 31 instructions). Estates and
trusts, enter on Form 1041, line 3.
• If you checked 32b, you must attach Form 6198. Your loss may be limited.

For Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 11334P

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30

31

32a
32b

All investment is at risk.
Some investment is not
at risk.
Schedule C (Form 1040) 2015

Page 2

Schedule C (Form 1040) 2015

Part III

Cost of Goods Sold (see instructions)

33

Method(s) used to
value closing inventory:

34

Was there any change in determining quantities, costs, or valuations between opening and closing inventory?
If “Yes,” attach explanation . . . . . . . . . . . . . . . . . . . . . . . . .

a

b

Cost

c

Lower of cost or market

Other (attach explanation)

35

Inventory at beginning of year. If different from last year’s closing inventory, attach explanation .

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35

36

Purchases less cost of items withdrawn for personal use

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36

37

Cost of labor. Do not include any amounts paid to yourself .

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37

38

Materials and supplies

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38

39

Other costs .

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39

40

Add lines 35 through 39 .

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40

41

Inventory at end of year .

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41

42

Cost of goods sold. Subtract line 41 from line 40. Enter the result here and on line 4 .

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42

Part IV

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Yes

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Information on Your Vehicle. Complete this part only if you are claiming car or truck expenses on line 9
and are not required to file Form 4562 for this business. See the instructions for line 13 to find out if you must
file Form 4562.
/

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43

When did you place your vehicle in service for business purposes? (month, day, year)

44

Of the total number of miles you drove your vehicle during 2015, enter the number of miles you used your vehicle for:

a

No

▶

b Commuting (see instructions)

Business

c Other
Yes

No

45

Was your vehicle available for personal use during off-duty hours?

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46

Do you (or your spouse) have another vehicle available for personal use?.

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Yes

No

47a

Do you have evidence to support your deduction?

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Yes

No

If “Yes,” is the evidence written?

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Yes

No

b

Part V

48

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Other Expenses. List below business expenses not included on lines 8–26 or line 30.

Total other expenses. Enter here and on line 27a .

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Schedule C (Form 1040) 2015