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Schedule C: Deductions Form IT-40PNR, State Form 54031 (R4 / 9-13) Name(s) shown on Form IT-40PNR Enclosure Sequence No. 03 2013 Instructions begin on page 22 Your Social Security Number 1. Renter
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Schedule C (Form 09-12indd) is used by sole proprietors to report their business income and expenses when filing their income tax return.
Sole proprietors who operate a business as an individual are required to file Schedule C (Form 09-12indd) with their income tax return.
Schedule C (Form 09-12indd) should be filled out by providing information about the business income, expenses, and deductions. The form includes specific lines for different types of income and expenses.
The purpose of Schedule C (Form 09-12indd) is to report the profit or loss from a sole proprietorship business to the IRS for tax purposes.
Information such as total business income, expenses, deductions, and net profit or loss must be reported on Schedule C (Form 09-12indd).
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