Schedule C-EZ was discontinued after tax year 2018. It was a simplified version of Schedule C that could be used if the taxpayer had only one business (sole proprietorship, qualified joint venture, or statutory employee) and that business met all of these conditions:
- Used the cash method
- Business expenses were $5,000 or less
- Didn't have a net loss
- Didn't carry inventory
- Didn't have employees
- Wasn't required to file Form 4562 for amortization and depreciation
- Didn't have home office expenses
- Didn't have prior-year unallowed passive activity losses
Businesses that meet these conditions in tax years 2019 and beyond will file a regular Schedule C.
