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California Individual Forms Sch C Wks Profit or Loss from Business Why do I need this form I have never needed it before on all my tax returns.

Is it because I received a 1099 R MISC

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2 Replies
ChristinaS
Expert Alumni

California Individual Forms Sch C Wks Profit or Loss from Business Why do I need this form I have never needed it before on all my tax returns.

Yes, it is because you have a 1099-MISC. When you have a 1099-MISC for contractor/ freelance/ non-employee work, a federal Schedule C is on your return. California has a Schedule C as well, and so you'd have one there too.

An individual with a 1099-MISC or an individual with a single member LLC may both have Schedule Cs. The term "business" is very broad, and covers a variety of situations. For tax purposes, you can have a business and file a Schedule C with even a small amount of income on Form 1099-MISC.

edgarmatias2020
Returning Member

California Individual Forms Sch C Wks Profit or Loss from Business Why do I need this form I have never needed it before on all my tax returns.

Cómo puedo obtener la forma 568 p1 2 número del secretario de California 

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