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Form 1040 Schedule A&B Itemized Deductions and Interest & Dividend Income Irs

Form 1040 Schedule A&B Itemized Deductions and Interest & Dividend Income Irs

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Instructions and help about Form 1040 Schedule A&B Itemized Deductions And Interest & Dividend Income Irs

we're going to go over Schedule C of your income tax return for Iris form 1040 or 1041. so this is the tax form that records your profit or loss from business if you are a sole proprietor however it also includes certain other items of income such as wages and expenses that you might have had as a statutory employee income and deductions from certain qualified joint ventures and then certain amounts that are shown on a form 1099 such as form 1099 misc 1099 NEC and form 1099-k so these are different tax forms that you might see as part of kind of the gig economy you know Uber and and ride sharing apps but then also doordash a lot of people are going into business for themselves so to speak and ing to the Internal Revenue Service unless all of that income is structured under a separate tax entity then this needs to be reported on Schedule C when you file your income tax return now if you are filing Schedule C there are other forms you may have to file and we'll put links

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