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Question

My company was funded by an investor. We bought land, mobile home and hired contractors. The net profit was $1,585. Where do I show this detail on my tax return?

Forum|Forum|11 months ago
April 10, 2025
1 reply
0 views

No text available

Your company would have filled out the tax paperwork.

a sch C sole proprietor - has a sch C on your return, nothing else to add
a partnership or a corporation - gives a k-1 for your tax return

If you are a sole proprietor:

How does starting a business affect my taxes?

Where do I enter Schedule C?

Where do I enter my self-employment business expenses, like home office, vehicle mileage, and supplies?

If you are not a sole proprietor:

See Business structures

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