What income or loss should be reported on schedule c


During 2013, Regina, a sole proprietor, had the following income and expenses from her home jewelry business. Regina is also employed as an office assistant at a local

business:

W-2 wages from employer $28,000

Proceeds from jewelry sales 15,000

Supplies for jewelry 5,000

Travel for jewelry 1,400

Charitable contributions to church 3,000

A. What income or loss should be reported on Schedule C?

B. What is Regina's AGI?

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Accounting Basics: What income or loss should be reported on schedule c
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