Business income or loss is first reported on either:

• Schedule C-EZ, Net Profit From Business, or
• Schedule C, Profit or Loss From Business

Then the total amount is transferred to Form 1040, line 12.

VITA and TCE tax preparers who complete this lesson may, at the discretion of the site coordinator, assist self-employed individuals who qualify to use Schedule C-EZ.

Taxpayers who must file Schedule C should see a professional tax preparer.