Schedule C-EZ (Form 1040) Net Profit From Business (Sole Proprietorship) 2007

Summary: This is an example of Schedule C-EZ (Form 1040) 2007 with items included as described in the text. Additionally, these line items are completed:

  • Name of proprietor field contains John E. Michaels
  • Social security number (SSN) field contains 011-00-2222
  • Under Part I: General Information:
  • A. Principal business or profession, including product or service field contains Minister
  • B. Enter code from pages C-8, 9, & 10 field contains 541990
  • E. Business address (including suite or room number). Address not required if same as on Form 1040, page 1. field contains 1042 Main Street
  • City, town or post office, state, and ZIP code field contains Hometown, Texas 77099
  • Under Part II: Figure Your Net Profit:
  • 1. Gross receipts. Caution. If this income was reported to you on Form W-2 and the statutory employee box on that form was checked, see Statutory Employees in the instructions for Schedule C, line 1, on page C-3 and check here field contains 4,000
  • 2. Total expenses (see instructions). If more than $5,000, you must use Schedule C field contains 219 Footnote: See Attached Statement.
  • 3. Net profit. Subtract line 2 from line 1. If less than zero, you must use Schedule C. Enter on Form 1040, line 12, and on Schedule SE, line 2 or on Form 1040NR, line 13. (Statutory employees do not report this amount on Schedule SE, line 2. Estates and trusts, enter on Form 1041, line 3.) field contains 3,768
  • Under Part III: Information on Your Vehicle:
  • 4. When did you place your vehicle in service for business purposes? (month, day, year) field contains 7/15/2004
  • 5. Of the total number of miles you drove your vehicle during 2007, enter the number of miles you used your vehicle for:
  • a. Business field contains 445
  • b. Commuting field contains 0
  • c. Other field contains 7,247
  • 6. Do you (or your spouse) have another vehicle available for personal use? Yes checkbox checked
  • 7. Was your vehicle available for personal use during off-duty hours? Yes checkbox checked
  • 8a. Do you have evidence to support your deduction? Yes checkbox checked
  • 8b. If Yes, is the evidence written? Yes checkbox checked

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