Fillable Printable 2010 Form 1040 (Schedule C)
Fillable Printable 2010 Form 1040 (Schedule C)
2010 Form 1040 (Schedule C)
SCHEDULE C
(Form 1040)
Department of the Treasury
Internal Revenue Service (99)
Profit or Loss From Business
(Sole Proprietorship)
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Partnerships, joint ventures, etc., generally must file Form 1065 or 1065-B.
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Attach to Form 1040, 1040NR, or 1041.
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See Instructions for Schedule C (Form 1040).
OMB No. 1545-0074
2010
Attachment
Sequence No. 09
Name of proprietor Social security number (SSN)
A Principal business or profession, including product or service (see instructions)
B Enter code from pages C-9, 10, & 11
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C Business name. If no separate business name, leave blank.
D Employer ID number (EIN), if any
E
Business address (including suite or room no.)
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City, town or post office, state, and ZIP code
F Accounting method: (1)
Cash (2) Accrual (3) Other (specify)
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G Did you “materially participate” in the operation of this business during 2010? If “No,” see instructions for limit on losses
Yes No
H If you started or acquired this business during 2010, check here . . . . . . . . . . . . . . . . . . . .
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Part I Income
1 Gross receipts or sales. Caution. See instructions and check the box if:
• This income was reported to you on Form W-2 and the “Statutory employee” box
on that form was checked, or
• You are a member of a qualified joint venture reporting only rental real estate
income not subject to self-employment tax. Also see instructions for limit on losses.
}
. .
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1
2 Returns and allowances . . . . . . . . . . . . . . . . . . . . . . . . .
2
3 Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Cost of goods sold (from line 42 on page 2) . . . . . . . . . . . . . . . . . . . 4
5 Gross profit. Subtract line 4 from line 3 . . . . . . . . . . . . . . . . . . . . 5
6 Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) . . . . 6
7 Gross income. Add lines 5 and 6 . . . . . . . . . . . . . . . . . . . . .
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7
Part II
Expenses. Enter expenses for business use of your home only on line 30.
8 Advertising . . . . . 8
9
Car and truck expenses (see
instructions) . . . . .
9
10 Commissions and fees . 10
11
Contract labor (see instructions)
11
12 Depletion . . . . . 12
13
Depreciation and section 179
expense deduction (not
included in Part III) (see
instructions) . . . . .
13
14
Employee benefit programs
(other than on line 19) . .
14
15
Insurance (other than health)
15
16 Interest:
a
Mortgage (paid to banks, etc.)
16a
b Other . . . . . . 16b
17
Legal and professional
services . . . . . .
17
18 Office expense . . . . . . 18
19
Pension and profit-sharing plans .
19
20 Rent or lease (see instructions):
a
Vehicles, machinery, and equipment
20a
b Other business property . . . 20b
21 Repairs and maintenance . . . 21
22
Supplies (not included in Part III) .
22
23 Taxes and licenses . . . . . 23
24 Travel, meals, and entertainment:
a Travel . . . . . . . . .
24a
b
Deductible meals and
entertainment (see instructions) .
24b
25 Utilities . . . . . . . . 25
26 Wages (less employment credits) . 26
27
Other expenses (from line 48 on
page 2) . . . . . . . .
27
28 Total expenses before expenses for business use of home. Add lines 8 through 27 . . . . . .
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28
29 Tentative profit or (loss). Subtract line 28 from line 7 . . . . . . . . . . . . . . . . . 29
30 Expenses for business use of your home. Attach Form 8829 . . . . . . . . . . . . . . 30
31 Net profit or (loss). Subtract line 30 from line 29.
• If a profit, 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, see instructions). Estates and trusts, enter on Form 1041, line 3.
• If a loss, you must go to line 32.
}
31
32 If you have a loss, check the box that describes your investment in this activity (see instructions).
• If you checked 32a, enter the loss 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, see the line 31 instructions). Estates and
trusts, enter on Form 1041, line 3.
• If you checked 32b, you must attach Form 6198. Your loss may be limited.
}
32a All investment is at risk.
32b
Some investment is not
at risk.
For Paperwork Reduction Act Notice, see your tax return instructions.
Cat. No. 11334P Schedule C (Form 1040) 2010
Schedule C (Form 1040) 2010
Page 2
Part III Cost of Goods Sold (see instructions)
33
Method(s) used to
value closing inventory: a
Cost b Lower of cost or market c Other (attach explanation)
34
Was there any change in determining quantities, costs, or valuations between opening and closing inventory?
If “Yes,” attach explanation . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes No
35 Inventory at beginning of year. If different from last year’s closing inventory, attach explanation . . .
35
36 Purchases less cost of items withdrawn for personal use . . . . . . . . . . . . . .
36
37 Cost of labor. Do not include any amounts paid to yourself . . . . . . . . . . . . . .
37
38 Materials and supplies . . . . . . . . . . . . . . . . . . . . . . . . 38
39 Other costs . . . . . . . . . . . . . . . . . . . . . . . . . . . .
39
40 Add lines 35 through 39 . . . . . . . . . . . . . . . . . . . . . . . .
40
41 Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . . . 41
42 Cost of goods sold. Subtract line 41 from line 40. Enter the result here and on page 1, line 4 . . .
42
Part IV
Information on Your Vehicle. Complete this part only if you are claiming car or truck expenses on line 9
and are not required to file Form 4562 for this business. See the instructions for line 13 to find out if you must
file Form 4562.
43 When did you place your vehicle in service for business purposes? (month, day, year)
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/ /
44 Of the total number of miles you drove your vehicle during 2010, enter the number of miles you used your vehicle for:
a
Business b Commuting (see instructions) c Other
45 Was your vehicle available for personal use during off-duty hours? . . . . . . . . . . . . . . .
Yes No
46 Do you (or your spouse) have another vehicle available for personal use?. . . . . . . . . . . . . .
Yes No
47a Do you have evidence to support your deduction? . . . . . . . . . . . . . . . . . . . .
Yes No
b If “Yes,” is the evidence written? . . . . . . . . . . . . . . . . . . . . . . . . .
Yes No
Part V Other Expenses. List below business expenses not included on lines 8–26 or line 30.
48 Total other expenses. Enter here and on page 1, line 27 . . . . . . . . . . . . . .
48
Schedule C (Form 1040) 2010
