SCHEDULE C (Form 1040) Department of the Treasury Internal Revenue Service

Profit or Loss From Business

(Sole Proprietorship)

Attach to Form 1040, 1040-SR, 1040-SS, 1040-NR, or 1041; partnerships must generally file Form 1065.

Go to www.irs.gov/Form1065 for instructions and the latest information.

OMB No. 1545-0074

24

Attachment
Sequence No. 09

Name of proprietor

Social security number (SSN)

A	Principal business or profession, including product or service (see instructions)

B	Enter code from instructions

C	Business name. If no separate business name, leave blank.

D	Employer ID number (EIN) (see instr.)

E	Business address (including suite or room no.)
E	City, town or post office, state, and ZIP code	,,,

Accounting method:

(1)

Cash

(2)

Accrual

(3)

Other (specify)

G	Did you “materially participate” in the operation of this business during 2024? If “No,” see instructions for limit on losses .	Yes	No
H	If you started or acquired this business during 2024, check here . . . . . . . . . . . . . . . . .
I	Did you make any payments in 2024 that would require you to file Form(s) 1099? See instructions . . . . . . .	Yes	No
J	If “Yes,” did you or will you file required Form(s) 1099? . . . . . . . . . . . . . . . . . . .	Yes	No

Part l Income

Gross receipts or sales. See instructions for line 1 and check the box if this income was reported to you on Form W-2 and the “Statutory employee” box on that form was checked . . . . . . . . . checkbox

Returns and allowances . . . . . . . . . . . . . . . . . . . . . . . .

Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . .

Cost of goods sold (from line 42) . . . . . . . . . . . . . . . . . . . . .

Gross profit. Subtract line 4 from line 3 . . . . . . . . . . . . . . . . . . .

Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) . . .

Gross income. Add lines 5 and 6 . . . . . . . . . . . . . . . . . . . . .

Part ll Expenses. Enter expenses for business use of your home only on line 30.

Advertising . . . . .

Office expense (see instructions) .

Car and truck expenses
(see instructions) . . .

Pension and profit-sharing plans .

Rent or lease (see instructions):

Commissions and fees .

Vehicles, machinery, and equipment

20a

Contract labor (see instructions)

Other business property . . .

20b

Depletion . . . . .

Repairs and maintenance . . .

Depreciation and section
179 expense deduction
(not included in Part III)
(see instructions) . . .

Supplies (not included in Part III) .

Taxes and licenses . . . . .

Travel and meals:

Employee benefit programs (other than on line 19) .

Travel . . . . . . . .

24a

Deductible meals (see instructions)

24b

Insurance (other than health)

Utilities . . . . . . . .

Interest (see instructions):

Wages (less employment credits) .

Mortgage (paid to banks, etc.)

16a

Other expenses (from line 48) . .

27a

Other . . . . . .

16b

Energy efficient commercial bldgs deduction (attach Form 7205) . .

Legal and professional services

27b

Total expenses before expenses for business use of home. Add lines 8 through 27b . . . . . .

Tentative profit or (loss). Subtract line 28 from line 7 . . . . . . . . . . . . . . .

Expenses for business use of your home. Do not report these expenses elsewhere. Attach Form 8829
unless using the simplified method. See instructions

Simplified method filers only: Enter the total square footage of (a) your home: and (b) the part of your home used for business: . Use the Simplified Method Worksheet in the instructions to figure the amount to enter on line 30 . . . . . . . . .

Net profit or (loss). Subtract line 30 from line 29.

If a profit, enter on both Schedule 1 (Form 1040), line 3, and on Schedule SE, line 2. (If you checked the box on line 1, see instructions.) Estates and trusts, enter on Form 1041, line 3.
If a loss, you must go to line 32.

If you have a loss, check the box that describes your investment in this activity. See instructions.

If you checked 32a, enter the loss on both Schedule 1 (Form 1040), line 3, and on Schedule SE, line 2. (If you checked the box on line 1, see the line 31 instructions.) Estates and trusts, enter on Form 1041, line 3.
If you checked 32b, you must attach Form 6198. Your loss may be limited.

32a

All investment is at risk.

32b

Some investment is not at risk.

For Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 11334P

Schedule C (Form 1040) 2024

Part lllCost of Goods Sold(see instructions)
33	Method(s) used to value closing inventory: a Cost b Lower of cost or market c Other (attach explanation)
34	Was there any change in determining quantities, costs, or valuations between opening and closing inventory? If “Yes,” attach explanation . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No
35	Inventory at beginning of year. If different from last year’s closing inventory, attach explanation . . . .
		35
36	Purchases less cost of items withdrawn for personal use . . . . . . . . . . . . . .
		36
37	Cost of labor. Do not include any amounts paid to yourself . . . . . . . . . . . . . .
		37
38	Materials and supplies . . . . . . . . . . . . . . . . . . . . . . . .
		38
39	Other costs . . . . . . . . . . . . . . . . . . . . . . . . . . .
		39
40	Add lines 35 through 39 . . . . . . . . . . . . . . . . . . . . . . .
		40
41	Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . .
		41
42	Cost of goods sold. Subtract line 41 from line 40. Enter the result here and on line 4 . . . . . .
		42

Part lV

Information on Your Vehicle. Complete this part only if you are claiming car or truck expenses on line 9 and are not required to file Form 4562 for this business. See the instructions for line 13 to find out if you must file Form 4562.

43		When did you place your vehicle in service for business purposes? (month/day/year)
44		Of the total number of miles you drove your vehicle during 2024, enter the number of miles you used your vehicle for:
		a Business b Commuting (see instructions) c Other
45		Was your vehicle available for personal use during off-duty hours?. . . . . . . . . . . . . . Yes No
46		Do you (or your spouse) have another vehicle available for personal use?. . . . . . . . . . . . Yes No
47a		Do you have evidence to support your deduction?. . . . . . . . . . . . . . . . . . . Yes No
b		If “Yes,” is the evidence written?. . . . . . . . . . . . . . . . . . . . . . . . Yes No

Part V

Other Expenses. List below business expenses not included on lines 8-26, line 27b, or line 30.

Total other expenses Enter here and on line 27a . . . . . .

Schedule C (Form 1040) 2024