Schedule C is mainly for persons who are self-employed and/or receive a 1099-Misc rather than a W-2. It is the Profit & Loss Statement for your business. Deductions which are allowed on this form are basically any exense which you have to pay in respect to the operation of your Schedule C business. The best way to determine what is deductible is to review the actual form http://www.irs.gov/pub/irs-pdf/f1040sc.pdf) and to read the instructions for preparing the form (http://www.irs.gov/pub/irs-pdf/i1040sc.pdf). Sharon http://taxresolutionaries.blogspot.com
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