Use Schedule C (Form 1040) to report income or loss from a business you operated or a profession you practiced as a sole proprietor.
Also, use
Schedule C to report wages and expenses you had as a statutory employee. An activity qualifies as a business if your primary
purpose for engaging in
the activity is for income or profit and you are involved in the activity with continuity and regularity. For example, a sporadic
activity or a hobby
does not qualify as a business. To report income from a nonbusiness activity, see the instructions for Form 1040, line 21.
Small businesses and statutory employees with expenses of $2,500 or less may be able to file Schedule C-EZ instead of Schedule C. See
Schedule C-EZ for details.
You may be subject to state and local taxes and other requirements such as business licenses and fees. Check with your state
and local governments
for more information.
Section references are to the Internal Revenue Code.