SCHEDULE C
Profit or Loss From Business
OMB No. 1545-0074
(Form 1040)
2002
(Sole Proprietorship)
Partnerships, joint ventures, etc., must file Form 1065 or 1065-B.
Attachment
Department of the Treasury
09
Attach to Form 1040 or 1041.
See Instructions for Schedule C (Form 1040).
(99)
Sequence No.
Internal Revenue Service
Name of proprietor
Social security number (SSN)
A
Principal business or profession, including product or service (see page C-1 of the instructions)
B
Enter code from pages C-7, 8, & 9
C
Business name. If no separate business name, leave blank.
D
Employer ID number (EIN), if any
E
Business address (including suite or room no.)
City, town or post office, state, and ZIP code
F
Accounting method:
(1)
Cash
(2)
Accrual
(3)
Other (specify)
G
Did you “materially participate” in the operation of this business during 2002? If “No,” see page C-3 for limit on losses
Yes
No
H
If you started or acquired this business during 2002, check here
Income
Part I
1
Gross receipts or sales. Caution. If this income was reported to you on Form W-2 and the “Statutory
1
employee” box on that form was checked, see page C-3 and check here
2
2
Returns and allowances
3
3
Subtract line 2 from line 1
4
4
Cost of goods sold (from line 42 on page 2)
5
5
Gross profit. Subtract line 4 from line 3
6
6
Other income, including Federal and state gasoline or fuel tax credit or refund (see page C-3)
7
Gross income. Add lines 5 and 6
7
Expenses. Enter expenses for business use of your home only on line 30.
Part II
8
19
8
Advertising
19
Pension and profit-sharing plans
20
Rent or lease (see page C-5):
9
Bad debts from sales or
9
20a
services (see page C-3)
a
Vehicles, machinery, and equipment
20b
b Other business property
10
Car
and
truck
expenses
10
21
(see page C-3)
21
Repairs and maintenance
11
22
11
Commissions and fees
22
Supplies (not included in Part III)
12
23
12
Depletion
23
Taxes and licenses
24
Travel, meals, and entertainment:
13
Depreciation and section 179
24a
a
Travel
expense deduction (not included
13
in Part III) (see page C-4)
b
Meals
and
entertainment
14
Employee benefit programs
14
c
Enter nondeduct-
(other than on line 19)
ible amount in-
15
15
Insurance (other than health)
cluded on line 24b
16
Interest:
(see page C-5)
16a
24d
a
Mortgage (paid to banks, etc.)
d
Subtract line 24c from line 24b
16b
25
b
Other
25
Utilities
26
26
Wages (less employment credits)
17
Legal and professional
27
Other expenses (from line 48 on
17
services
page 2)
18
Office expense
18
27
28
28
Total expenses before expenses for business use of home. Add lines 8 through 27 in columns
29
29
Tentative profit (loss). Subtract line 28 from line 7
30
30
Expenses for business use of your home. Attach Form 8829
31
Net profit or (loss). Subtract line 30 from line 29.
● If a profit, enter on Form 1040, line 12, and also on Schedule SE, line 2 (statutory employees,
31
see page C-6). Estates and trusts, enter on Form 1041, line 3.
● If a loss, you must go to line 32.
32
If you have a loss, check the box that describes your investment in this activity (see page C-6).
● If you checked 32a, enter the loss on Form 1040, line 12, and also on Schedule SE, line 2
32a
All investment is at risk.
(statutory employees, see page C-6). Estates and trusts, enter on Form 1041, line 3.
32b
Some investment is not
● If you checked 32b, you must attach Form 6198.
at risk.
For Paperwork Reduction Act Notice, see Form 1040 instructions.
Schedule C (Form 1040) 2002
Cat. No. 11334P