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hey everyone im bradford with the penny pictures account of personal finance whether you just started driving for uber or renting out your house or finally started the business of your dreams congratulations you are now small business owner with that in mind you need to become familiar with the schedule c of the irs form 1040. this is how youre going to report all of your business expenses revenue and deductions for tax purposes lets jump into the schedule c and see how you fill it out so here we have the schedule c for form 1040 for the 2021 tax year starting from left to right top to bottom im going to walk you through how to fill it out the first part is going to be the name of proprietor thats going to be you then were going to enter your social security number the next part a your principal business or profession plain english what is your primary business activity that youre doing so in this one im basing the business off the one that chase and i have as a partnership but