Follow these steps to generate Schedule C in the Individual module:
- Go to Screen 16, Business Income (Sch. C)
- Locate the Business Income (Schedule C) section.
- Complete the applicable information about the business.
- Scroll down to the General Information section.
- Complete any applicable information.
- Scroll down to the Income section:
- Enter Gross receipts or sales
- Enter Returns and allowances
- Enter Other income (Ctrl+E)
- Scroll down to the Cost of Goods Sold section.
- Complete any applicable information.
- Scroll down to the Expenses section.
- Enter the applicable expenses that pertain to this business.
- Scroll down to the Other Information section.
- The Other Information section was added in Lacerte Tax 2013. In prior years, these entries can be found under the General Information section.
- Complete any applicable information about this business.