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To enter or review information for your business on Federal Schedule C (Form 1040) Profit or Loss from Business (Sole Proprietorship):

  1. From within your TaxAct return (Online or Desktop), click Federal. On smaller devices, click in the upper left-hand corner, then click Federal.
  2. Click Business Income in the Federal Quick Q&A Topics menu to expand, then click Business income or loss from a sole proprietorship.
  3. Click + Add Schedule C to create a new copy of the form or click Edit to review a form already created.
  4. Continue with the interview process to enter all of the appropriate information.

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Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.


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