Schedule C-EZ (Form 1040) Net Profit From Business (Sole Proprietorship)
2011
Summary: This is an example of Schedule C-EZ (Form 1040) 2011 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
: -
-
1a. Merchant card and third party payments. For 2011, enter -0-. Field contains
0.
-
1b. Gross receipts or sales not entered on line 1a (see instructions). Field contains
4,000
-
1c. Income reported to you on Form W-2 if the "Statutory Employee" box on that form was checked. Caution. See Schedule C instructions before completing this line. Field is
blank.
-
1d. Total of lines 1a, 1b, and 1c. 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 1d. 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 and Schedule SE, line 2 (see instructions). (If you entered an amount on line 1c, do not report the amount from line 1c on Schedule SE, line 2.) Estates and trusts, enter on Form 1041, line
3
field contains 3,732
- 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 2011, 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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