skip navigation

Search Help
Navigation Help

Tax Map Index
ABCDEFGHI
JKLMNOPQR
STUVWXYZ#

International
Tax Topic Index

Affordable Care Act
Tax Topic Index

FAQs
Forms
Publications
Tax Topics
Worksheets

Comments
About Tax Map

IRS.gov Website
Instructions for Schedule C (Form 1040)
taxmap/instr/i1040sc-015.htm#en_us_publink10003356

Part V. Other Expenses(p15)

rule
Include all ordinary and necessary business expenses not deducted elsewhere on Schedule C. List the type and amount of each expense separately in the space provided. Enter the total on lines 48 and 27a. Do not include the cost of business equipment or furniture, replacements or permanent improvements to property, or personal, living, and family expenses. Do not include charitable contributions. Also, you cannot deduct fines or penalties paid to a government for violating any law. For details on business expenses, see Pub. 535.
taxmap/instr/i1040sc-015.htm#en_us_publink24329wd0e2522
Amortization.(p15)
rule
Include amortization in this part. For amortization that begins in 2015, you must complete and attach Form 4562.
You can amortize such costs as:
In most cases, you cannot amortize real property construction period interest and taxes. Special rules apply for allocating interest to real or personal property produced in your trade or business.
For a complete list, see the instructions for Form 4562, Part VI.
taxmap/instr/i1040sc-015.htm#en_us_publink24329wd0e2570
At-risk loss deduction.(p15)
rule
Any loss from this business that was not allowed last year because of the at-risk rules is treated as a deduction allocable to this business in 2015.
taxmap/instr/i1040sc-015.htm#en_us_publink24329wd0e2586
Bad debts.(p15)
rule
Include debts and partial debts from sales or services that were included in income and are definitely known to be worthless. If you later collect a debt that you deducted as a bad debt, include it as income in the year collected. For details, see chapter 10 of Pub. 535.
taxmap/instr/i1040sc-015.htm#en_us_publink24329wd0e2595
Business start-up costs.(p15)
rule
If your business began in 2015, you can elect to deduct up to $5,000 of certain business start-up costs. The $5,000 limit is reduced (but not below zero) by the amount by which your total start-up costs exceed $50,000. Your remaining start-up costs can be amortized over a 180-month period, beginning with the month the business began.
For details, see chapters 7 and 8 of Pub. 535. For amortization that begins in 2015, you must complete and attach Form 4562.
taxmap/instr/i1040sc-015.htm#en_us_publink100041960
Costs of making commercial buildings energy efficient.(p15)
rule
You may be able to deduct part or all of the cost of modifying existing commercial buildings to make them energy efficient. For details, see section 179D, Notice 2006-52, Notice 2008-40, and Notice 2012-26. Notice 2006-52, 2006-26 I.R.B. 1175, is available at www.irs.gov/irb/2006–26_IRB/ar11.html. Notice 2008–40, 2008–14 I.R.B. 725, is available at www.irs.gov/irb/2008–14_IRB/ar12.html. Notice 2012–26, 2012–17 I.R.B. 847, is available at www.irs.gov/irb/2012–17_IRB/ar08.html.
taxmap/instr/i1040sc-015.htm#en_us_publink24329wd0e2633
Deduction for removing barriers to individuals with disabilities and the elderly.(p15)
rule
You may be able to deduct up to $15,000 of costs paid or incurred in 2015 to remove architectural or transportation barriers to individuals with disabilities and the elderly. However, you cannot take both a credit (on Form 8826) and a deduction for the same expenditures.
taxmap/instr/i1040sc-015.htm#en_us_publink1000291690
Excess farm loss deduction.(p16)
rule
Any loss from this business activity, which includes processing a farm commodity as part of your farming business, that was not allowed last year because of the excess farm loss rules is treated as a deduction allocable to this business activity in 2015.
See the Instructions for Schedule F for a definition of farming business for this purpose and for more information about excess farm losses.
taxmap/instr/i1040sc-015.htm#en_us_publink100032968
Film and television production expenses.(p16)
rule
You can elect to deduct costs of certain qualified film and television productions. For details, see chapter 7 of Pub. 535.
taxmap/instr/i1040sc-015.htm#en_us_publink24329wd0e2665
Forestation and reforestation costs.(p16)
rule
Reforestation costs are generally capital expenditures. However, for each qualified timber property, you can elect to expense up to $10,000 ($5,000 if married filing separately) of qualifying reforestation costs paid or incurred in 2015.
You can elect to amortize the remaining costs over 84 months. For amortization that begins in 2015, you must complete and attach Form 4562.
The amortization election does not apply to trusts, and the expense election does not apply to estates and trusts. For details on reforestation expenses, see chapters 7 and 8 of Pub. 535.
taxmap/instr/i1040sc-015.htm#en_us_publink1000312145
Paperwork Reduction Act Notice.(p16)
rule
We ask for the information on Schedule C (Form 1040) and Schedule C-EZ (Form 1040) to carry out the Internal Revenue laws of the United States. You are required to give us the information. We need it to ensure that you are complying with these laws and to allow us to figure and collect the right amount of tax.
You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by section 6103.
The time needed to complete and file Schedule C (Form 1040) will vary depending on individual circumstances. The estimated burden for individual taxpayers filing this form is included in the estimates shown in the instructions for their individual income tax return. The estimated burden for all other taxpayers who file this form is approved under OMB control number 1545-1974 and is shown next.
Recordkeeping3 hr., 36 min.
Learning about the law or the form1 hr., 19 min.
Preparing the form1 hr., 39 min.
Copying, assembling, and sending the form to the IRS34 min.
The time needed to complete and file Schedule C-EZ (Form 1040) will vary depending on individual circumstances. The estimated burden for individual taxpayers filing this form is included in the estimates shown in the instructions for their individual income tax return. The estimated burden for all other taxpayers who file this form is approved under OMB control number 1545-1973 and is shown next.
Recordkeeping 45 min.
Learning about the law or the form3 min.
Preparing the form35 min.
Copying, assembling, and sending the form to the IRS20 min.
If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler, we would be happy to hear from you. See the instructions for the tax return with which this form is filed.