Form 1040 (Schedule C)(redirected from 1040 Forms Schedule C)
Form 1040 (Schedule C)
A form that one attaches to Form 1040 to report the profit or loss from one's business. An individual files Schedule C if he/she is self-employed in a sole proprietorship or is the only member of a limited liability company. The filer lists all revenues and business expenses on Schedule C. He/she may only be taxed on the profit.