- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Schedule C is used to enter self-employment income. If you earn money and it is not reported on a W-2, you enter that income on Schedule C. It could be paid in cash or reported in Box 7 of Form 1099-Misc.
You are considered to have your own business. If your income is more than your expenses, you have a gain. If the amount of expenses is greater, you have a loss.
‎April 5, 2020
3:39 PM
288 Views