Schedule C (Form 1040) Profit or Loss From Business (Sole Proprietorship) 2002. Summary: This is an example of the 2003 Schedule C (Form 1040) with items included as described in the text. Additionally,
these line items
are completed:
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“Name of proprietor” field contains Frank Carter
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“Social security number (S.S.N.)” field contains 111-00-1111
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“C. Business name. If no separate business name, leave blank.” field contains Cap'N Frank's
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“D. Employer I.D. number (E.I.N.), if any” field contains 10-9999999
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“E. Business address (including suite or room number)” field contains 215 Seagull Drive
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“City, town or post office, state, and ZIP code” field contains Hometown, Oregon 97331
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“F. Accounting method: (1) Cash” checkbox checked
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“G. Did you materially participate in the operation of this business during 2002? If No, see page C-3 for limit on losses.
Yes”
checkbox checked
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Under
“Part II: Expenses”:
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“9. Car and truck expenses (see page C-3)” field contains 2,763
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“28. Total expenses before expenses for business use of home. Add lines 8 through 27 in columns” field contains
42,439
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