Schedule C is the tax form that’s used to report income or loss from a business that’s structured as a sole proprietorship or a single member LLC. It is also known as Form 1040, Profit and Loss, or Profit and Loss .To qualify as a business you must meet the following requirements for the tax year:…

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Source: http://fitsmallbusiness.com/schedule-c-profit-and-loss-form-1040/

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