Q: How is income or loss from a business reported? A Taxpayer who operates a business as a sole proprietor must figure income or loss from that business on Sche. C (F1040), Profit or Loss From Business & report it on Line 12 of F1040, Schedule 1, Addit. Income & Adjustments to Income. 💕 #entreprenuer #soleproprietor #sidebusiness ##hustle #selfemployment #doityourself #impuestos #taxes Updated Phone number is now 949-352-4333