Internal Revenue Service (99) Name of proprietor A OMB No. 1545-0074 2018 (Sole Proprietorship)
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SCHEDULE CProfit or Loss From BusinessOMB No. 1545-0074 (Form 1040)(Sole Proprietorship)2018Department of the Treasury▶Go towww.irs.gov/ScheduleCfor instructions and the latest information.Attachment Internal Revenue Service (99)▶Attach to Form 1040, 1040NR, or 1041; partnerships generally must file Form 1065.Sequence No.09 Name of proprietorSocial security number (SSN) APrincipal business or profession, including product or service (see instructions)BEnter code from instructions Carpet▶314000 CBusiness name. If no separate business name, leave blank.D Employer ID number (EIN)(see instr.) Carpet Plus EBusiness address (including suite or room no.)▶ City, town or post office, state, and ZIP code FAccounting method:(1)Cash(2)X Accrual(3)Other (specify)▶ GDid you “materially participate” in the operation of this business during 2018? If “No,” see instructions for limit on losses. HIf you started or acquired this business during 2018, check here .................▶ IDid you make any payments in 2018 that would require you to file Form(s) 1099? (see instructions) ........ JIf “Yes,” did you or will you file required Forms 1099? ..................... xYesNoXYes ()Yes(X)No ()Yes() No Part IIncome 1Gross receipts or sales. See instructions for line 1 and check the box if this income was reported to you on300000 Form W-2 and the “Statutory employee” box on that form was checked.........▶1 2Returns and allowances.........................210000 3Subtract line 2 from line 1........................3290000 4Cost of goods sold (from line 42)......................4100000 5Gross profit.Subtract line 4 from line 3 ....................5190000 6Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) ....613000 7Gross income.Add lines 5 and 6 .....................▶7103000 Part IIExpenses.Enter expenses for business use of your homeonlyon line 30. 8Advertising .....8018Office expense (see instructions)18 9Car and truck expenses (see19Pension and profit-sharing plans.19 instructions) .....915020Rent or lease (see instructions): 10Commissions and fees.100aVehicles, machinery, and equipment20a3000 11Contract labor (see instructions)11bOther business property ...20b7000 12Depletion .....1221Repairs and maintenance ...211000 13Depreciation and section 17922Supplies (not included in Part III) .22 expensededuction(not 23Taxes and licenses .....23included in Part III) (see6500 instructions) .....1324Travel and meals: 14Employee benefit programs5000aTravel .........24a730 (other than on line 19) ..14bDeductible meals (see 15Insurance (other than health)15600instructions) .......24b1750 16Interest (see instructions):25Utilities........25 aMortgage (paid to banks, etc.)16a026Wages (less employment credits) .2610000 bOther......16b27aOther expenses (from line 48) ..27a 17Legal and professional services17bReserved for future use . . .27b 28Total expensesbefore expenses for business use of home. Add lines 8 through 27a ......▶2835730 29Tentative profit or (loss). Subtract line 28 from line 7 .................2967270 30Expenses for business use of your home. Do not report these expenses elsewhere. Attach Form 8829 unless using the simplified method (see instructions). Simplified method filers only:enter the total square footage of: (a) your home: and (b) the part of your home used for business:. Use the Simplified Method Worksheet in the instructions to figure the amount to enter on line 30 .........30 31Net profit or (loss).Subtract line 30 from line 29. } • If a profit, enter on bothSchedule 1 (Form 1040), line 12(orForm 1040NR, line 13) and onSchedule SE,67270 line 2. (If you checked the box on line 1, see instructions). Estates and trusts, enter onForm 1041, line 3.31 • If a loss, youmustgo to line 32. } 32If you have a loss, check the box that describes your investment in this activity (see instructions). • If you checked 32a, enter the loss on bothSchedule 1 (Form 1040), line 12(orForm 1040NR,32aAll investment is at risk.line 13) and onSchedule SE, line 2.(If you checked the box on line 1, see the line 31 instructions).32bSome investment is not Estates and trusts, enter onForm 1041, line 3.at risk. • If you checked 32b, youmustattachForm 6198.Your loss may be limited. For Paperwork Reduction Act Notice, see the separate instructions.Cat. No. 11334PSchedule C (Form 1040) 2018
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Schedule C (Form 1040) 2018Page2 Part IIICost of Goods Sold(see instructions) 33Method(s) used to value closing inventory:A X CostbLower of cost or marketcOther (attach explanation) 34Was there any change in determining quantities, costs, or valuations between opening and closing inventory? If “Yes,” attach explanation ..........................(x)YesNo 35Inventory at beginning of year. If different from last year’s closing inventory, attach explanation ...35 100 000 0 36Purchases less cost of items withdrawn for personal use..............364900 37Cost of labor. Do not include any amounts paid to yourself ..............370 38Materials and supplies........................380 39Other costs ............................39 60 00 40Add lines 35 through 39 ........................40 11 09 00 41Inventory at end of year ........................4160000 42Cost of goods sold.Subtract line 41 from line 40. Enter the result here and on line 4 ......42 50 90 0 Part IVInformation on Your Vehicle.Complete this partonlyif you are claiming car or truck expenses on line 9 and are not required to file Form 4562 for this business. See the instructions for line 13 to find out if you must file Form 4562. 43When did you place your vehicle in service for business purposes? (month, day, year)▶// 44Of the total number of miles you drove your vehicle during 2018, enter the number of miles you used your vehicle for: aBusiness12956bCommuting (see instructions)cOther524 45Was your vehicle available for personal use during off-duty hours?...............XYesNo 46Do you (or your spouse) have another vehicle available for personal use?..............YesNo 47aDo you have evidence to support your deduction? ....................YesNo bIf “Yes,” is the evidence written?.........................YesNo Part VOther Expenses.List below business expenses not included on lines 8–26 or line 30.
48Total other expenses.Enter here and on line 27a ................48 Schedule C (Form 1040) 2018