Schedule C - Massachusetts Profit Or Loss From Business - 2014 Page 2
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2File pg. 12
SOCIAL SECURITY NUMBER
2014 SCHED. C, PAGE 2
18
Rent or lease:
0 0
a. vehicles, machinery and equipment . . . . . . . . . . . .
0 0
0 0
+
=
b. other business property . . . . . . . . . . . . . . . . . . . . .
a
b
18
0 0
19
Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
0 0
20
Supplies (not included on Schedule C-1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
0 0
21
Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
0 0
22
Travel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
0 0
23
a. Total meals and entertainment . . . . . . . . . . . . . . . .
0 0
0 0
=
–
b. Enter 50% of 23a subject to limitations . . . . . . . . .
a
b
23
0 0
24
Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
0 0
25
Wages (before U.S. jobs credit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
0 0
26
Other expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
0 0
27
Total expenses. Add lines 6 through 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
0 0
28
Tentative profit or loss. Subtract line 27 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
0 0
29
Expenses for business use of your home . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
0 0
30
Abandoned Building Renovation Deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
31
Net profit or loss. Subtract total of line 29 & line 30 from line 28. If a profit, enter here and on
0 0
Form 1, line 6 or Form 1-NR/PY, line 8. If a loss, complete line 33 . . . . . . . . . . . . . . . . . . . . . . . . 31
32
Is interest (other than from Mass. banks) or dividend income reported on U.S. Sch. C, lines 1 and/or
0 0
6 or Sch. C-EZ, line 1?
Yes
No. If Yes, see instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
33
If you have a loss, fill in the oval that describes your investment in this activity. If you filled in 33a
33a. All investment at risk.
enter the loss on Form 1, line 6 or Form 1-NR/PY, line 8. If you filled in 33b, see instructions.
33b. Some investment is not at risk.
Schedule C-1 Cost of Goods Sold and/or Operations
Method(s) used to value closing inventory:
Cost
Lower of cost or market
Other (enclose explanation)
Was there any change in determining quantities, costs or valuations between opening and closing inventory? If yes, enclose explanation:
Yes
No
0 0
1
Inventory at beginning of year (if different from last year’s closing inventory, enclose explanation) . . . 1
0 0
2
a. Purchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
0 0
0 0
=
–
b. Items withdrawn for personal use . . . . . . . . . . . . . .
a
b
2
0 0
3
Cost of labor (do not include salary paid to yourself) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
0 0
4
Materials and supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
0 0
5
Other costs (enclose statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
0 0
6
Add lines 1 through 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
0 0
7
Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8
Cost of goods sold and/or operations. Subtract line 7 from line 6. Enter here and on Schedule C,
0 0
line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
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