- Overview
- Getting started
- Building models
- Consuming models
- Model Details
- 1040 - ML package
- 1040 Schedule C - ML package
- 1040 Schedule D - ML package
- 1040 Schedule E - ML package
- 1040x - ML package
- 3949a - ML package
- 4506T - ML package
- 709 - ML package
- 941x - ML package
- 9465 - ML package
- ACORD125 - ML package
- ACORD126 - ML package
- ACORD131 - ML package
- ACORD140 - ML package
- ACORD25 - ML package
- Bank Statements - ML package
- Bills Of Lading - ML package
- Certificate of Incorporation - ML package
- Certificate of Origin - ML package
- Checks - ML package
- Children Product Certificate - ML package
- CMS 1500 - ML package
- EU Declaration of Conformity - ML package
- Financial Statements - ML package
- FM1003 - ML package
- I9 - ML package
- ID Cards - ML package
- Invoices - ML package
- Invoices Australia - ML package
- Invoices China - ML package
- Invoices Hebrew - ML package
- Invoices India - ML package
- Invoices Japan - ML package
- Invoices Shipping - ML package
- Packing Lists - ML package
- Payslips - ML package
- Passports - ML package
- Purchase Orders - ML package
- Receipts - ML Package
- Remittance Advices - ML package
- UB04 - ML package
- Utility Bills - ML package
- Vehicle Titles - ML package
- W2 - ML package
- W9 - ML package
- Public endpoints
- Supported languages
- Insights dashboards
- Data and security
- Licensing and Charging Logic
- How to
1040 Schedule C - ML package
IRS Form 1040 Schedule C is a tax form used by self-employed individuals or sole proprietors to report their business income and expenses. It is part of the individual income tax return (Form 1040) and helps calculate the net profit or loss for the business. Schedule C requires information on business income, deductible business expenses, and other relevant details, providing a snapshot of the financial activity for sole proprietors when filing their annual income tax returns.
This Document UnderstandingTM skill is extracting 13 fields containing key data points of the 1040 Schedule C.
- Proprietor Name, SSN, Business Name, EID;
- Depletion Amount, Deprecation, Expense Deduction;
- Deductible Meals, Wages, Net Profit-Loss.
You can download the a sample filled-in form from here.
You can also preview the sample of a filled-in form:
