Schedule C-EZ (Form 1040) Net Profit From Business (Sole Proprietorship) 2008
Summary: This is an example of Schedule C-EZ (Form 1040) 2008 with items included as described in the text. Additionally, these line items are completed:
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Name of proprietor
field contains John E. White -
Social security number (SSN)
field contains 011-00-2222 - Under
Part I: General Information
: -
-
A. Principal business or profession, including product or service
field contains Minister -
B. Enter code from pages C-9, 10, & 11
field contains 541990 -
E. Business address (including suite or room number). Address not required if same as on page 1 of your tax return.
field contains 1042 Main Street -
City, town or post office, state, and ZIP code
field contains Hometown, Texas 77099
- Under
Part II: Figure Your Net Profit
: -
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1. Gross receipts. Caution. See the instructions for Schedule C, line , on page C-3 and check the box if: (followed by 2 bullets). (Bullet 1) This income was reported to you on Form W-2 and the
Statutory Employee
box on that form was checked, or (Bullet 2) You are a member of a qualified joint venture reporting only rental real estate income not subject to self-employment tax.
box not checked, field contains 4,000 -
2. Total expenses (see instructions on page 2). If more than $5,000, you must use Schedule C
field contains 252 with an asterisk indicating footnote. Footnote: See Attached Statement. -
3. Net profit. Subtract line 2 from line 1. If less than zero, you must use Schedule C. Enter on Form 1040, line 12, and Schedule SE, line 2, or on Form 1040NR, line 13. (If you checked the box on line 1, do not report the amount from line 3 on Schedule SE, line 2.) Estates and trusts, enter on Form 1041, line 3
field contains 3,748
- Under
Part III: Information on Your Vehicle
: -
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4. When did you place your vehicle in service for business purposes? (month, day, year)
field contains 7/15/2005 -
5. Of the total number of miles you drove your vehicle during 2008, enter the number of miles you used your vehicle for:
-
-
a. Business
field contains 445 -
b. Commuting
field contains 0 -
c. Other
field contains 7,247
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6. Was your vehicle available for personal use during off-duty hours?
Yes
box checked -
7. Do you (or your spouse) have another vehicle available for personal use?
Yes
box checked -
8a. Do you have evidence to support your deduction?
Yes
box checked -
8b. If Yes, is the evidence written?
Yes
box checked
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