C1 ~ C3 Y C5 Y C7 ~ | + C1 - ~ \ + C1 - X \ ? C1 + C3 - Y \ + C3 - S \ + C3 - B \ ? C3 + C5 - Y \ + C5 - N \ ? C5 + CIBY + CPUR + CCOL + CMAT + COCS ^ C38 + C38 - CIEY ^ C40 + CGRS - CRAA ^ C03 + C03 - C40 ^ C05 + C05 + COIN ^ C07 + CTME / 5 ^ C4C + CTME - C4C ^ C4D + CADV + CBDD + CCTE + CCOM + CDPL + CDEP + CEBP ^ C28 + C28 + CINS + CIMT + CIOT + CLPS + COFE + CPSP + CRMA + CROP ^ C28 + C28 + CREP + CSUP + CTAX + CTRV + C4D + CUTT + CWAG + COTH ^ C28 + C07 - C28 ^ C29 + C29 - CHEX ^ C31 + C5 - N = + C31 > + C31 ^ VCA + C5 - N = + C31 < - C31 ^ VCB | S Is this business owned by yourself 'Y'` spouse 'S' or both 'B'? B C3 R ~9 ^ S Did you materially participate in the operation of this business? (Y/N) B C5 ^ R -80 ^ S PART I - INCOME R ~65 ^ S ~1 Gross receipts or sales. R ~53 ^ S ~~~If you are a statutory employee` check here...! B C1 S ! [CGRS]! 1 ! C CGRS ^ S ~2 Returns and allowances R .34 S [CRAA]! 2 ! C CRAA ^ S ~3 Subtract line 2 from 1 R .40 S ! 3 ! T C03 ^ S ~4 Cost of goods sold (from line 40) R .29 S ! 4 ! T C40 ^ S ~5 Gross profit. Subtract line 4 from 3 R .26 S ! 5 ! T C05 ^ S ~6 Other income` including fuel tax credit or refund R .7 S [COIN]! 6 ! C COIN ^ S ~7 Gross income. Add lines 5 and 6 R .31 S ! 7 ! T C07 ^ R -80 ^ S PART II - EXPENSES R ~62 ^ S ~8 Advertising R .7 S [CADV]! C CADV S ! 19 Pension plans R .5 S [CPSP]! C CPSP ^ S ~9 Bad debts from sales or ! R ~10 S ! 20 Rent or lease R .11 S ! R ~10 ^ R ~4 S services R .10 S [CBDD]! C CBDD S !~~~a Machinery R .9 S [CRMA]! C CRMA ^ S 10 Car and truck R ~11 S ! R ~10 S !~~~b Other property R .4 S [CROP]! C CROP ^ R ~4 S expenses R .10 S [CCTE]! C CCTE S !~21 Repairs & maint...[CREP]! C CREP ^ S 11 Commissions R .7 S [CCOM]! C CCOM S !~22 Supplies R .10 S [CSUP]! C CSUP ^ S 12 Depletion R .9 S [CDPL]! C CDPL S !~23 Taxes & licenses..[CTAX]! C CTAX ^ S 13 Depreciation and R ~8 S ! R ~10 S !~24 Travel` meals` etc R .6 S ! R ~10 ^ R ~4 S section 179 expense R ~5 S ! R ~10 S ! a Travel R .12 S [CTRV]! C CTRV ^ R ~4 S deduction R .9 S [CDEP]! C CDEP S ! b Meals & en- ! R ~10 S ! R ~10 ^ S 14 Employee benefit R ~8 S ! R ~10 S ! R ~5 S ter R .4 S [CTME]! C CTME S ! R ~10 ^ R ~4 S programs R .10 S [CEBP]! C CEBP S ! c Enter 20% R ~4 S ! R ~10 S ! R ~10 ^ S 15 Insurance R .9 S [CINS]! C CINS S ! R ~5 S of line R ~6 S ! R ~10 S ! R ~10 ^ S 16 Interest R ~16 S ! R ~10 S ! R ~5 S 24b R .10 S ! T C4C S ! R ~10 ^ S ~~a Mortgage R .10 S [CIMT]! C CIMT S !~~~d Subtract 24c from 24b...! T C4D ^ S ~~b Other R .13 S [CIOT]! C CIOT S !~25 Utilities R .9 S [CUTT]! C CUTT ^ S 17 Legal and professional~~! R ~10 S ! 26 Wages R .13 S [CWAG]! C CWAG ^ R ~4 S services R .10 S [CLPS]! C CLPS S ! 27 Other expenses R .4 S [COTH]! C COTH ^ S 18 Office expense R .4 S [COFE]! C COFE S ! R ~40 ^ R -80 ^ S 28 Total expenses. Add lines 8 through 27 R .23 S !28 ! T C28 ^ S 29 Tentative profit or (loss). Subtract line 28 from 7 R .10 S !29 ! T C29 ^ S 30 Expenses for business use of your home R .17 S [CHEX]!30 ! C CHEX ^ S 31 Net profit or (loss). Subtract line 30 from 29. Enter on R ~20 ^ R ~4 S Form 1040` line 12 and Schedule SE` line 2.! B C7 S !(FZ1/FS1/FV1)!31 ! T C31 ^ R -80 ^ S PART III - COST OF GOODS SOLD R ~51 ^ S 33 Inventory at beginning of year R .26 S [CIBY]!33 ! C CIBY ^ S 34 Purchases less cost of items withdrawn for personal use.[CPUR]!34 ! C CPUR ^ S 35 Cost of labor. Do not include salary paid to yourself...[CCOL]!35 ! C CCOL ^ S 36 Materials and supplies R .34 S [CMAT]!36 ! C CMAT ^ S 37 Other cost R .46 S [COCS]!37 ! C COCS ^ S 38 Add lines 33 through 37 R .39 S !38 ! T C38 ^ S 39 Inventory at end of year R .32 S [CIEY]!39 ! C CIEY ^ S 40 Cost of goods sold. Subtract line 39 from 38. Enter on line 4.!40 ! T C40 ^ |