In addition, they reported $477 in interest income, as well as a $12,349 loss on Schedule C.
The IRS determined that the entire retirement distribution (less the rollover) was taxable income, and thus C and K had understated the taxable amount of the retirement distributions; in addition, the Service disallowed their Schedule C expenses.
For example, I accidentally entered automobile and truck expenses on the wrong line on schedule C, along with supporting detail; when the DELETE key was used to correct the error, all detail items were erased and the support changed to show a zero balance.
A supporting schedule is not included in schedule C to support automobile and truck expenses.
Schedule C, for example, is divided into four subscreens, and the F10 key advances the user to the next form.
Schedule C does not provide for backup for automobile and truck expenses.