Fillable Form 2020: Schedule C - Profit or Loss

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Form 2020: Schedule C - Profit or Loss

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General Business Information
Other Information
Income
Cost of Goods Sold
Schedule C - Profit or Loss from Business
2020
U.S. only
Foreign only
2020 2019
2020 2019
2020 2019
Name: SSN:
TS Principal business product or profession Business code
Employer I.D. number
Business name
Business address
City
State, ZIP
Province/State, Country, Postal code
Accounting method, if not cash Accrual Other
Inventory method, if not cost Lower of cost or market Other
Change of inventory method Yes No
You started or acquired this business during 2020
Some investment is NOT at risk
You disposed of this property during 2020
Did you make any payments in 2020 that would require you to file Forms 1099? Yes No
If "Yes," did you or will you file all required Forms 1099 for the individuals? Yes No
Family health coverage
Gross receipts or sales
Returns and allowances
Other income
Inventory at beginning of the year
Purchases (less cost of items withdrawn for personal use)
Cost of labor
Materials and supplies
Other costs (list on detail worksheet)
Inventory at end of year
Drake Software - Individual Organizer - Copyright 2020 C_C.LD
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Expenses
Schedule C - Profit or Loss from Business
2020
2020 2019
Name: SSN:
Profession or
TS Business name product
Advertising
Car and truck expenses
Commissions and fees
Contract labor
Depletion
Employee benefit programs
Insurance (other than health)
Interest - mortgage (paid to banks, etc.)
Interest - other
Legal and professional services
Office expenses
Pension and profit sharing plans
Rent or lease (vehicles, machinery, and equipment)
Rent (other business property)
Repairs and maintenance
Supplies
Taxes and licenses (including real estate taxes)
Travel
Total meals
Utilities
Wages
Other expenses (list):
Drake Software - Individual Organizer - Copyright 2020 C_C.LD2
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Form 2020: Schedule C - Profit or Loss

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Completed 13 March 2021

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