On which form or schedule is the selling of inventory related to the course of business recorded for a sole proprietor?
A)Form 4797.
B)Schedule C.
C)Schedule SE.
D)Schedule D.

Question

Quizplus · Accepted Answer

The selling of inventory related to the course of business for a sole proprietor is recorded on Schedule C of their personal tax return. Form 4797 is used to report the sale of business property or assets, Schedule SE is for self-employment tax, and Schedule D is for reporting capital gains and losses.

On Which Form or Schedule Is the Selling of Inventory