Financial Well-Being Network

Profit & Loss Statement

To meet the IRS due diligence requirements, clients must provide an accurate and verifiable financial statement. Please download the Schedule C profit and loss statement/Schedule E profit and loss statement and complete it. Once the document is completed and uploaded into your portal, we can proceed with filing your return.

Schedule C

Schedule C (Form 1040), Profit or Loss from Business, is a tax form used to:
*Report income or loss from a sole proprietorship or single-member LLC
*List gross income, business expenses, and net profit or loss

Schedule E

Schedule E (Form 1040) is used to report income or loss from:
*Rental real estate
*Royalties
*Partnerships
*S corporations
*Estates and trusts
*REMICs (Real Estate Mortgage Investment Conduits)

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