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2016 1040 schedule c Form: What You Should Know

Use the Schedule C to figure the amount you can deduct for expenses paid or incurred in connection with the principal business or profession, including a profession. See the instructions on Schedule C-EZ When you fill out Schedule C for your principal business or profession, you may want to use the form for Schedule SE if you are filing as an S corporation to claim an exclusion for losses from qualified dividends. This is a copy of my tax return that I used on my Schedule SE. This was an old tax return that I had not updated since I had my first child nearly three years ago. I had filed for a refund and had already filed a revised return and added a new line item for Schedule SE in column C. I don't have any information about the return, but I suspect someone in a previous tax year was claiming an exclusion for losses from qualified dividends from their Schedule SE. See the comments section for the story: My old 1040 was updated to claim a loss on Schedule SE. It's not in the box on the old return, and it's not on the new form. Is that normal? I'm sorry. I'm not sure. Furthermore, I'm not qualified to answer this question. Furthermore, I suspect the refund is part of the reason this wasn't a major issue for me. This means that even if I had filed a 1040K after filing my old tax return, the new refund wouldn't have appeared on the old return. So I probably could have filed a 1040A and my refunds would have shown up on my Schedule SE, assuming my new return was compliant. I have no reason to believe the refund was wrong. So I suspect I didn't owe a tax and that the issue that was the cause of my refund was resolved before I filed my new return. It's possible there was an error on my 1040 that was corrected at my request or at the time the amended return was filed and the refund arrived. This does not mean the refund was wrong. I could have been double-dipping in this matter, so I could have mistakenly made two refunds. In any case, with this being an old tax return, I could see someone claiming the exclusion in their Schedule S. I've never heard of anyone claiming the exclusion in their Schedule S when they make business-related purchases. That could be an indication that something is wrong with their claim.

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