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us/form/irs/ty2025/i1040sc — Instructions for Schedule C (Form 1040), Profit or Loss From Business (2025) · Axiom
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US Federal
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Ty2025
Instructions for Schedule C (Form 1040), Profit or Loss From Business (2025)
87 sections
Profit or Loss From Business
Future Developments
What’s New
Reminders
General Instructions
Other Schedules and Forms You May Have To File
Business Owned and Operated by Spouses
Jointly owned property.
Community Income
Reportable Transaction Disclosure Statement
Capital Construction Fund
Additional Information
Specific Instructions
Line A
Line B
Line D
Line E
Line F
Line G
Note:
Line H
Line I
Note:
Part I. Income
Line 1
Note:
Line 2
Line 6
Part II. Expenses
Exception for a small business taxpayer.
Exception for creative property.
Line 9
Line 10
Note:
Line 11
Line 12
Line 13
Exception.
Recapture.
Line 14
Line 15
Lines 16a and 16b
Line 17
Line 18
Line 19
Lines 20a and 20b
Line 21
Line 22
Line 23
Line 24a
Line 24b
Line 25
Line 26
Line 27a
Line 30
Electing to use the simplified method.
Instructions for the Simplified Method Worksheet
Simplified Method Worksheet
Daycare Facility Worksheet
Example.
Example 1.
Example 2.
Example 3.
If you used the simplified method.
Deduction figured on multiple forms.
Line 31
Rental real estate activity.
Individuals.
Nonresident aliens.
Trusts and estates.
Statutory employees.
Notary public.
Line 32
Note:
Part III. Cost of Goods Sold
Small business taxpayer.
Treating inventory as nonincidental material or supplies.
Financial accounting treatment of inventories.
More information.
Changing your method of accounting for inventory.
Line 33
Line 35
Line 44b
Line 47
Part V. Other Expenses. Line 48
Paperwork Reduction Act Notice.
Principal Business or Professional Activity Codes
