Form 1040 Schedule C

Description:

Schedule C is an IRS tax form used to report income or loss from a business that is operated as a sole proprietorship. It is used by taxpayers who own and operate their own business and are not incorporated.

The type parameter is form_1040_schedule_c for the Upload endpoint.


Fields supported by Docsumo

Note:

To customise fields for extraction, please contact Customer Success Management (CSM) Team


Basic Information

Field Name Data Type Field Description
Basic Information___Name String Name as shown on Form 1040 Schedule C
Basic Information___Profession String Line A Principal business or profession, including product or service
Basic Information___Business Name String Business Name as mentioned on Form 1040 Schedule C
Basic Information___Business Address String Business Address as mentioned on Form 1040 Schedule C
Basic Information___Code String Line B Enter code from instructions
Basic Information___EIN String Line D Employer ID number (EIN)
Basic Information___Accounting Method String Line F Accounting method as mentioned in Form 1040 Schedule C
Basic Information___Form String Form number mentioned at bottom right of Form 1040 Schedule C
Basic Information___OMB No String OMB no mentioned at top right of Form 1040 Schedule C


Part 1

Field Name Data Type Field Description
Part 1___1 String Line 1 - Gross receipts or sales
Part 1___2 String Line 2 - Returns and allowances
Part 1___3 String Line 3 - Subtract line 2 from line 1
Part 1___4 String Line 4 -Cost of goods sold (from line 42)
Part 1___5 String Line 5 - Gross profit. Subtract line 4 from line 3
Part 1___6 String Line 6 - Other income, including federal and state gasoline or fuel tax credit or refund
Part 1___7 String Line 7 - Gross income. Add lines 5 and 6


Part 2

Field Name Data Type Field Description
Part 2___8 String Line 8 -Advertising
Part 2___9 String Line 9 - Car and truck expenses
Part 2___10 String Line 10 -Commissions and fees
Part 2___11 String Line 11 - Contract labor
Part 2___12 String Line 12 - Depletion
Part 2___13 String Line 13 - Depreciation and section 179 expense deduction (not included in Part III)
Part 2___14 String Line 14 - Employee benefit programs (other than on line 19)
Part 2___15 String Line 15 - Insurance (other than health)
Part 2___16a String Line 16a - Mortgage (paid to banks, etc.)
Part 2___16b String Line b - Other
Part 2___17 String Line 17 -Legal and professional services
Part 2___18 String Line 18 - Office expense
Part 2___19 String Line 19 - Pension and profit-sharing plans
Part 2___20a String Line 20a -Vehicles, machinery, and equipment
Part 2___20b String Line 20b - Other business property
Part 2___21 String Line 21 - Repairs and maintenance
Part 2___22 String Line 22 - Supplies (not included in Part III)
Part 2___23 String Line 23 - Taxes and licenses
Part 2___24a String Line 24a -Travel
Part 2___24b String Line 24b - Deductible meals
Part 2___25 String Line 25 - Utilities
Part 2___26 String Line 23 - Wages (less employment credits)
Part 2___27a String Line 27a - Other expenses (from line 48)
Part 2___27b String Line 27b - Reserved for future use
Part 2___28 String Line 28 - Total expenses before expenses for business use of home. Add lines 8 through 27a
Part 2___29 String Line 29 - Tentative profit or (loss). Subtract line 28 from line 7
Part 2___30 String Line 30 -Expenses for business use of your home.
Part 2___31 String Line 31 - Net profit or (loss). Subtract line 30 from line 29.
Part 2___32a String Line 32a -All investment is at risk.
Part 2___32b String Line 32b - Some investment is not at risk.


Part 3

Field Name Data Type Field Description
Part 3___33_a String Line 33_a - Method(s) used to value closing inventory: Cost
Part 3___33_b String Line 33_b - Method(s) used to value closing inventory: Lower of cost or market
Part 3___33_c String Line 33_c - Method(s) used to value closing inventory: Other (attach explanation)
Part 3___34 String Line 34 - Was there any change in determining quantities, costs, or valuations between opening and closing inventory?
Part 3___35 String Line 35 - Inventory at beginning of year. If different from last year’s closing inventory, attach explanation
Part 3___36 String Line 36 -Purchases less cost of items withdrawn for personal use
Part 3___37 String Line 37 - Cost of labor. Do not include any amounts paid to yourself
Part 3___38 String Line 38 -Materials and supplies
Part 3___39 String Line 39 - Other costs
Part 3___40 String Line 40 - Add lines 35 through 39
Part 3___41 String Line 41 -Inventory at end of year
Part 3___42 String Line 42 -Cost of goods sold. Subtract line 41 from line 40. Enter the result here and on line 4


Part 4

Field Name Data Type Field Description
Part 4___43 String Line 43 - When did you place your vehicle in service for business purposes? (month/day/year)
Part 4___44_a String Line 44a - Business as shown in form
Part 4___44_b String Line 44b - Commuting (see instructions) as shown in form
Part 4___44_c String Line 44c - Other as shown in form
Part 4___45 String Line 45 - Was your vehicle available for personal use during off-duty hours?
Part 4___46 String Line 46 - Do you (or your spouse) have another vehicle available for personal use?
Part 4___47a String Line 47a - Do you have evidence to support your deduction?
Part 4___47_b String Line 47b - f “Yes,” is the evidence written?


Part 5

Field Name Data Type Field Description
Part 5___48 String Line 48 -Total other expenses. Enter here and on line 27a


Sample Form


Json output by Docsumo

[
    {
        "data": {
            "Basic Information": {
                "Name": {
                    "value": "Hannery Lakue",
                    "position": [142, 260, 339, 300],
                    "confidence": 1.0,
                    "review_required": false
                },
                "Profession": {
                    "value": "Sky Blue Services LLC",
                    "position": [135, 326, 432, 366],
                    "confidence": 1.0,
                    "review_required": false
                },
                "Business Name": {
                    "value": "Sentia Perp Ltd",
                    "position": [148, 393, 349, 433],
                    "confidence": 1.0,
                    "review_required": false
                },
                "Business Address": {
                    "value": "4343 Forth Ring",
                    "position": [710, 426, 920, 466],
                    "confidence": 1.0,
                    "review_required": false
                },
                "Code": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "EIN": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "Accounting Method": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "Form": {
                    "value": "Schedule C (Form 1040) 2022",
                    "position": [1331, 2075, 1600, 2099],
                    "confidence": 1.0,
                    "review_required": false
                },
                "OMB No": {
                    "value": "1545-0074",
                    "position": [1474.3, 93.2, 1588.4, 127.5],
                    "confidence": 1.0,
                    "review_required": false
                }
            },
            "Part 1": {
                "1": {
                    "value": "4667",
                    "position": [1531, 733, 1596, 773],
                    "confidence": 1.0,
                    "review_required": false
                },
                "2": {
                    "value": "6576",
                    "position": [1527, 766, 1592, 806],
                    "confidence": 1.0,
                    "review_required": false
                },
                "3": {
                    "value": "7554",
                    "position": [1527, 797, 1592, 837],
                    "confidence": 1.0,
                    "review_required": false
                },
                "4": {
                    "value": "755",
                    "position": [1548, 830, 1597, 871],
                    "confidence": 1.0,
                    "review_required": false
                },
                "5": {
                    "value": "7566",
                    "position": [1531, 864, 1596, 904],
                    "confidence": 1.0,
                    "review_required": false
                },
                "6": {
                    "value": "8780",
                    "position": [1533, 899, 1598, 939],
                    "confidence": 1.0,
                    "review_required": false
                },
                "7": {
                    "value": "1000",
                    "position": [1531, 930, 1596, 971],
                    "confidence": 1.0,
                    "review_required": false
                }
            },
            "Part 2": {
                "8": {
                    "value": "5464",
                    "position": [748, 997, 813, 1037],
                    "confidence": 1.0,
                    "review_required": false
                },
                "9": {
                    "value": "7654",
                    "position": [748, 1064, 813, 1104],
                    "confidence": 1.0,
                    "review_required": false
                },
                "10": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "11": {
                    "value": "4675",
                    "position": [747, 1128, 812, 1168],
                    "confidence": 1.0,
                    "review_required": false
                },
                "12": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "13": {
                    "value": "6454",
                    "position": [744, 1262, 808, 1302],
                    "confidence": 1.0,
                    "review_required": false
                },
                "14": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "15": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "16a": {
                    "value": "656",
                    "position": [762, 1422, 811, 1462],
                    "confidence": 1.0,
                    "review_required": false
                },
                "16b": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "17": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "18": {
                    "value": "5670",
                    "position": [1528, 997, 1593, 1037],
                    "confidence": 1.0,
                    "review_required": false
                },
                "19": {
                    "value": "6756",
                    "position": [1531, 1033, 1596, 1073],
                    "confidence": 1.0,
                    "review_required": false
                },
                "20a": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "20b": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "21": {
                    "value": "1100",
                    "position": [1531, 1162, 1595, 1202],
                    "confidence": 1.0,
                    "review_required": false
                },
                "22": {
                    "value": "678",
                    "position": [1546, 1197, 1594, 1237],
                    "confidence": 1.0,
                    "review_required": false
                },
                "23": {
                    "value": "5020",
                    "position": [1529, 1230, 1594, 1271],
                    "confidence": 1.0,
                    "review_required": false
                },
                "24a": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "24b": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "25": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "26": {
                    "value": "5670",
                    "position": [1529, 1433, 1594, 1473],
                    "confidence": 1.0,
                    "review_required": false
                },
                "27a": {
                    "value": "6675",
                    "position": [1529, 1464, 1594, 1504],
                    "confidence": 1.0,
                    "review_required": false
                },
                "27b": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "28": {
                    "value": "7565",
                    "position": [1535, 1530, 1599, 1571],
                    "confidence": 1.0,
                    "review_required": false
                },
                "29": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "30": {
                    "value": "7650",
                    "position": [1529, 1730, 1594, 1771],
                    "confidence": 1.0,
                    "review_required": false
                },
                "31": {
                    "value": "7675",
                    "position": [1529, 1822, 1594, 1862],
                    "confidence": 1.0,
                    "review_required": false
                },
                "32a": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "32b": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                }
            },
            "Part 3": {
                "33_a": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "33_b": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "33_c": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "34": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "35": {
                    "value": "5675",
                    "position": [1520.9, 2556.9, 1595.7, 2598.6],
                    "confidence": 1.0,
                    "review_required": false
                },
                "36": {
                    "value": "8766",
                    "position": [1531, 2626, 1596, 2666],
                    "confidence": 1.0,
                    "review_required": false
                },
                "37": {
                    "value": "9756",
                    "position": [1527, 2699, 1592, 2739],
                    "confidence": 1.0,
                    "review_required": false
                },
                "38": {
                    "value": "7867",
                    "position": [1533, 2764, 1598, 2804],
                    "confidence": 1.0,
                    "review_required": false
                },
                "39": {
                    "value": "8796",
                    "position": [1521, 2826, 1586, 2866],
                    "confidence": 1.0,
                    "review_required": false
                },
                "40": {
                    "value": "7855",
                    "position": [1527, 2899, 1592, 2939],
                    "confidence": 1.0,
                    "review_required": false
                },
                "41": {
                    "value": "9767",
                    "position": [1531, 2960, 1596, 3000],
                    "confidence": 1.0,
                    "review_required": false
                },
                "42": {
                    "value": "987",
                    "position": [1544, 3026, 1593, 3066],
                    "confidence": 1.0,
                    "review_required": false
                }
            },
            "Part 4": {
                "43": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "44_a": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "44_b": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "44_c": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "45": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "46": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "47a": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                },
                "47_b": {
                    "value": "",
                    "position": [],
                    "confidence": 1.0,
                    "review_required": false
                }
            },
            "Part 5": {
                "48": {
                    "value": "8967",
                    "position": [1521, 4268, 1586, 4308],
                    "confidence": 1.0,
                    "review_required": false
                }
            }
        }
    }
]