Gig-Worker and Single Member LLC
Profit and Loss Year Summary

IRS Form 1040 · Self-Employment & Gig Work
SOLE PROPRIETOR · SCHEDULE C
All amounts in U.S. Dollars ($)
Is this business an LLC?
Your Name (as shown on tax return)
SSN / EIN (optional)
Business / Trade Name (if different)
Principal Business or Profession
Business Code (6-digit NAICS)
Accounting Method
Business Address (if different from home)
I
Income
Amount ($)
1
Gross receipts or sales GIG App payouts: Uber, Lyft, DoorDash, Instacart, Airbnb, Etsy, Upwork, Amazon Flex, etc.
$
2
Returns and allowances / Refunds issued Money returned to clients or customers during the year
$
3
Gross profit (Line 1 − Line 2)
$ 0.00
4
Other income GIG 1099-NEC, 1099-MISC, cash tips, bonuses, incentive pay not reported on Line 1
$
5
Gross Income (Line 3 + Line 4)
$ 0.00
II
Expenses
Amount ($)
8
Advertising & marketing GIG Business cards, online ads, Fiverr promos, social media ads, flyers
$
Vehicle / Mileage — Line 9  Enter miles below — deduction auto-fills into Line 9
9
Car & truck expenses GIG Auto-filled from mileage calculator above — or enter actual costs manually (gas, insurance, repairs)
$
10
Commissions & fees paid to others Platform service fees (Uber's commission, Etsy listing fees, Airbnb host fees, PayPal fees)
$
11
Contract labor GIG Freelancers or subcontractors you paid to help with work (issue 1099-NEC if $600+)
$
13
Depreciation & Section 179 deduction Phone, laptop, camera, equipment used for business — see Form 4562 for large purchases
$
15
Insurance (other than health) GIG Commercial auto, business liability, professional liability / E&O insurance
$
16a
Mortgage interest (paid on business property)
$
16b
Other interest Business loans, credit cards used exclusively for business purchases
$
17
Legal & professional services Accountant / tax prep fees, attorney, bookkeeping software subscriptions
$
18
Office expense GIG Stationery, printer ink, postage, small office items, home office deduction (Form 8829)
$
19
Self-employed retirement plan contributions GIG SEP-IRA, Solo 401(k), or SIMPLE IRA contributions made for yourself
$
20a
Rent / lease — vehicles, equipment, machinery Vehicle rental, equipment lease for business use
$
20b
Rent / lease — other business property Office space, studio, storage unit, co-working space rent
$
21
Repairs & maintenance Vehicle or equipment repairs (if using actual expense method, not mileage)
$
22
Supplies GIG Insulated bags, packaging, cleaning products, tools, props, craft materials
$
23
Taxes & licenses Business licenses, state / local taxes, vehicle registration, seller's permit
$
24a
Travel GIG Airfare, hotels, Uber/taxi for business trips — not your daily commute
$
24b
Business meals — enter full amount (50% deductible) GIG Client meals, meals during business travel. IRS applies the 50% limit automatically.
$
25
Utilities GIG Phone bill (business %), internet (business %), home office utilities (% of business use)
$
26
Wages paid (W-2 employees only — not your own pay) Only if you have actual employees on payroll. Your own pay is not deductible here.
$
Line 27 — Other Expenses (add any additional business expenses below)
28
Total Expenses (Lines 8–27)
$ 0.00
Net Profit / (Loss)
Line 29 · Gross Income − Total Expenses
$ 0.00
Estimated Self-Employment Tax (Schedule SE)
15.3% × 92.35% of net profit — for reference only; verify with your tax preparer
$ 0.00
This worksheet is for record-keeping and estimation purposes only. It does not constitute tax advice.
Always consult a licensed tax professional for filing. Meals deduction shown at full cost — IRS applies 50% limit on Schedule C Line 24b.
Numbers calculate automatically as you type