Taxtime: Vendors and Schedule C

C2
1

We vendors get the 1099 Misc with our earnings from C2. That profit goes into the line (on the state tax form): Net Income from the Operation of a Business or Profession. That also means we have to fill out a Schedule C and probably we missed self employment taxes.

Is this how every American does it, or is there a simpler way to file the C2 reported income? Doing the above method is a pain, we have to get all kind of business file numbers, although I guess we can subtract the cost of C2 as business expense…

2

I think I figured it out. I used the Schedule SE short form…

4

Where are you getting the 1099? Is that a download somewhere?

5

C2 sends it out in January…

6

I found it. In was in the mail. It’s like I’m back in the 90’s.