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Business Income and Expenses (Schedule C)

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If you have self-employment income or business income from a sole proprietorship (not a corporation or partnership), you will need to enter your business income on a Schedule C. The IRS also considers consulting or contractor income as business income that needs to be entered on a Schedule C.

Most self-employment income is reported on Form 1099-NEC or Form 1099-MISC. If you have self-employment income reported on either of these forms, you will need to enter the income on a Schedule C.

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