The income or loss from the sole proprietorship is reported on ________ which must be attached to the taxpayer's Form 1040.

Question

Quizplus · Accepted Answer

The income or loss from a sole proprietorship is reported on Schedule C, also known as the Form 1040, which should be attached to the taxpayer's Form 1040. Therefore, the correct choice is B. Choices A, C, and D are not relevant to the reporting of sole proprietorship income.

The Income or Loss from the Sole Proprietorship Is Reported