Net Profit from Business - Sole Proprietorship. This form is used for taxpayers who operate a business or practice a profession as a sole proprietor or qualified joint venture. Taxpayers must describe the business or professional activity that has provided their principal source of income, as well as the gross receipts from their trade or business.
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There are four versions of the 1040 form: Schedule C-EZ to report your business' net profits, Schedule D to report capital gains and losses, Schedule C to show ...