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- You should enter Schedule C information if you:
- Operated a business or practiced a profession as a sole proprietorship during the year.
- Had more than one business, or if you and your spouse had separate businesses. In these cases, the IRS requires you to complete separate Schedule C forms for each business when you file your tax returns.
- Depreciation can be complex to compute. Check your IRS Schedule C publications or consult a tax professional for information about calculating depreciation.
- Quicken Business & Personal uses cash-basis reporting by default. However, Quicken Business & Personal also supports accrual-basis reporting for this and other business reports.
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The following terms will be different in the Canadian releases of Quicken. Canada: "Cheque" / United States: "Check" |