To report income from a nonbusiness activity, see the instructions for Schedule 1 (Form 1040), line 8j.Īlso, use Schedule C to report (a) wages and expenses you had as a statutory employee (b) income and deductions of certain qualified joint ventures and (c) certain amounts shown on a Form 1099, such as Form 1099-MISC, Form 1099-NEC, and Form 1099-K. For example, a sporadic activity, a not-for-profit activity, or a hobby does not qualify as a business. An activity qualifies as a business if your primary purpose for engaging in the activity is for income or profit and you are involved in the activity with continuity and regularity. Use Schedule C (Form 1040) to report income or (loss) from a business you operated or a profession you practiced as a sole proprietor.
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