Schedule C-EZ (Form 1040) Net Profit From Business (Sole Proprietorship)
2010
Summary: This is an example of Schedule C-EZ (Form 1040) 2010
with items included as described in the text. Additionally, these line items are
completed:
-
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 business code (see page 2)
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
: -
-
1. Gross receipts. Caution. See the instructions for Schedule
C, line 1, on page C-4 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 page 2). If more than $5,000, you must
use Schedule C
field contains 256 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 both 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 3,744
- Under
Part III: Information on Your Vehicle
: -
-
4. When did you place your vehicle in service for business
purposes? (month, day, year)
field contains 7/15/2007 -
5. Of the total number of miles you drove your vehicle during
2010, enter the number of miles you used your vehicle for:
-
-
a. Business
field contains 490 -
b. Commuting (see page 2)
field contains 0 -
c. Other
field contains 7,247
-
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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