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Schedule C Form 1040 Fill in Version Profit or Loss from Business Sole Proprietorship

Schedule C Form 1040 Fill in Version Profit or Loss from Business Sole Proprietorship

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Schedule C so uh usually we report on the schedule e now we're looking Schedule C the normal business forum for uh sole Proprietors profit or loss from business generally Schedule C is used when you provide substantial services in conjunction with the property or the rental is part of a trade or business as a real estate dealer so now you could see what's happening here and and you can see the difference because you could say okay it's still it's still like rental property is basically involved and and this is why we could see it's not just that the expenses are different for rental properties why we put it on the schedule e because there are situations where you might use the schedule C when you still have you know the similar kind of expense situation it's the fact that when you move to the schedule uh e uh you you may be doing so because there's this generally these passive activity Factor if you're actively involved ar

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