Schedule C (Form 1040), Profit or Loss from Business (Sole Proprietorship) 2020

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About Schedule C (Form 1040), Profit or Loss from Business (Sole Proprietorship)

Use Schedule C (Form 1040) to report income or loss from a business you operated or a profession you practiced as a sole proprietor. An activity qualifies as a business if:

    – Your primary purpose for engaging in the activity is for income or profit.
    – You are involved in the activity with continuity and regularity.
 
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