In the current year Johnice started a profitable bookkeeping business as a sole proprietor. Johnice made 38000 in her first year of operation. What two forms must Johnice file for her business?

As a sole proprietor, Johnice must file a Schedule C (Form 1040) to report the income and expenses from her bookkeeping business. Additionally, she will need to file a Form SE to calculate and report her self-employment tax based on her net earnings.