Self-employment: Schedules C, F and SE
SEE 1 Chapter 8 · IRS outline 2D1, 2D5, 4A4
Daniel Okafor left his job in 2025 to run Okafor Plumbing as a sole proprietor. Overnight he became his own payroll department: Schedule C for the profit, Schedule SE for Social Security and Medicare, and a stack of choices about his van, his home office and his health insurance. Nadia's goal is a return that claims every deduction he is owed and nothing he is not.
In this chapter
- Schedule C: income and ordinary and necessary expenses
- Home office and vehicle costs
- Equipment, depreciation and section 179
- Schedule F: farming
- Self-employment tax
- The self-employed health insurance deduction
This chapter has 6 lessons and 66 practice MCQs with explanations, plus flashcards and a recall sheet.
What this chapter covers
- Business income and expenses
- home office and vehicle
- Schedule F
- self-employment tax
- the SE tax and health insurance adjustments
Chapter 7: Other income: gambling, cancelled debt, recoveries and 1099 reporting · Chapter 9: Rentals, passive losses, K-1 income and PTPs