VITA Certification Practice Test 2025 – All-in-One Guide to Master Volunteer Income Tax Assistance!

Question: 1 / 400

What form is used to report self-employment income?

Form 1040

Schedule B

Schedule C (Form 1040)

The correct choice is Schedule C (Form 1040), which is specifically designed to report income or loss from a business operated or a profession practiced as a sole proprietor. When an individual is self-employed, they need to account for their business income, expenses, and net earnings, all of which are documented on Schedule C. This form helps determine how much taxable income the individual has generated from their self-employment activities.

Form 1040 is the standard individual income tax return used to report personal income and calculate the overall tax liability, but it does not specifically categorize self-employment activities. Schedule B is utilized for reporting interest and ordinary dividends, which is unrelated to self-employment income. Form W-2 is used by employers to report wages paid to employees and the taxes withheld, and therefore does not apply to individuals reporting self-employment income.

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Form W-2

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