What is Schedule C (Sch C)?

Question

What does Sch C mean on a U.S. tax return? I’d like to understand who generally uses Schedule C and what type of business income and expenses are reported there.

Harry · Answer

Schedule C is an IRS tax form used by eligible sole proprietors to report business income or loss. It generally includes business revenue and deductible business expenses.

William · Answer

Form C Schedule is an IRS tax document filed by eligible sole proprietors to declare their business income or losses. It usually consists of business income and allowable business expenses.

Answers