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Schedule C Form 1040

Schedule C Form 1040

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Instructions and help about 1040 schedule c

okay so for this second video in the Turbo Tax 2022 playlist we're going to be going over how to complete Schedule C for self-employed earnings so our taxpayer here uh John Q taxpayer Florida resident in the previous video we covered how to input his information on his wages some interest income and so now we're going to move on to well what if John has a side business a side hustle and earn some additional income there so uh the pieces that we're going to cover in this video so we are going to cover broadly the rules covering uh what's a Trader business what's a hobby or is it just personal activity this is very important because it will determine how we ultimately report the income and expense then we'll go through the schedule C the profit and loss from the business activities and schedules One schedule SC and then schedule two as well will be included in there for the self-employment taxes right that's part of schedule SC real

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