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SCHEDULE C. (Form 1040). 2014. Profit or Loss From Business Information about Schedule C and its separate instructions is at irs.gov/schedulec. Subtract line 2 from line 1. If less than zero, you must use Schedule C. Enter on both Form 1040, line 12, and Schedule SE, line 2, or on Form 1040NR, line 13 Schedule C (Form 5500) must be attached to a Form 5500 filed for a large pension or welfare benefit plan, an MTIA, a 103-12 IE, or a GIA to report certain For a taxable entity filing as a trust for federal tax purposes, enter the amount from Form 1040 Schedule C line 3. • For a taxable entity that is a single Schedule C is used to report profits and losses from business activities. The 2014 edition of Schedule C, as well as previous years, can be downloaded below Schedule C Massachusetts Profit or Loss from Business. 2014. FIRST NAME. M.I.. LAST NAME. BUSINESS NAME (If “no,” see line 33 instructions) . Gross Income is simply the sum of gross profit and other income. See the instructions for Schedule C for more information on what counts as other income. PA-40 C -- PA Schedule C - Profit or Loss From Business or Profession PA-41 OI Instructions -- 2014 Instructions for PA-41 Schedule OI - OtherINCOME TAX INSTRUCTIONS. 2014. INDIVIDUAL INCOME TAX BUREAU. PO BOX 1033 corresponding line item (e.g. line 37 - Schedule C income).