Worksheet C for sole proprietors
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| Directions | Amount |
|---|---|
| 1 Add the income amounts from federal Form 1040, lines 1z, 2b, 3b, 4b, 5b, and 6b | 1._______ |
| 2 Add the income (not loss) amounts from federal Form 1040, Schedule 1, lines 1, 2a, 7, and 9 (see instructions) | 2._______ |
| 3 Enter the income (not loss) from federal Schedule C, line 7 | 3._______ |
| 4 Add the gain (not loss) amounts on federal Schedule D, column (h), lines 1a, 1b, 2, 3, 4, 8a, 8b, 9, 10, 11, and 13 (see instructions) | 4._______ |
| 5 Enter the amount of capital gain from federal Form 1040, line 7, if you were not required to file federal Schedule D and have no entry on line 4 | 5._______ |
| 6 Add the amounts on federal Schedule E, lines 3, 4, 37, and 39 | 6._______ |
| 7 Enter the income (not loss) from federal Schedule F, line 9 | 7._______ |
| 8 Add the gain (not loss) amounts from federal Form 4797, column (g), lines 2 through 6, 10, and 13 through 16 (see instructions). If you were not required to file federal Form 4797 and have a gain (not loss) reported on federal Form 1040, Schedule 1, line 4, from federal Form 4684, enter that amount here | 8._______ |
| 9 Enter amount from federal Form 4835, line 7 | 9._______ |
| 10 Enter the codes B and C amounts shown in box 14 on all federal Schedule K-1s (Form 1065) you received from partnerships that you are a partner in, less any partnership amounts from such partnerships already included in lines 1 through 8 | 10._______ |
| 11 Enter your share of S corporation gross income (see instructions) | 11._______ |
| 12 Federal gross income (add lines 1 through 11) | 12._______ |
| 13 Enter the amount from line 1 | 13._______ |
| 14 Add lines 3 and 7 above | 14._______ |
| 15 Certain partnership gross income (see instructions) | 15._______ |
| 16 Add lines 13, 14, and 15 above | 16._______ |
| 17 Enter the lesser of line 16 above or $30,000 | 17._______ |
| 18 Excess federal gross income (subtract line 17 from line 12 above; if line 17 is greater than line 12, enter 0) | 18._______ |
| 19 Enter the amount from line 7 above | 19._______ |
| 20 Enter the amount from federal Schedule E, line 42 (see instructions) | 20.______ |
| 21 Add the amounts on federal Form 4797, column (g) that represent gains from the sale of livestock used for draft, breeding, sport, or dairy purposes (see instructions) | 21.______ |
| 22 Enter the amount from line 3 above if this amount represents gross income from (1) the production of maple syrup or cider, (2) the sale of wine, (3) the commercial boarding of horses, (4) the sale of Christmas trees from a managed Christmas tree operation, or (5) the sale of cider from a licensed farm cidery, as provided in Alcoholic Beverage Control Law § 58-c (see instructions) | 22. ______ |
| 23 Enter your share of gross income from (1) the production of maple syrup or cider, (2) the sale of wine, (3) the commercial boarding of horses, (4) the sale of Christmas trees from a managed Christmas tree operation, or (5) the sale of cider from a licensed farm cidery, as provided in Alcoholic Beverage Control Law § 58-c, from a partnership, S corporation, or estate or trust (see instructions) | 23.______ |
| 24 Gross income from farming (add lines 19 through 23) | 24.______ |
| 25 Divide line 24 by line 18, and round the result to the fourth decimal place (see instructions) | 25. _____ |
Instructions for Worksheet C
Line 2: If federal Form 1040, Schedule 1, line 9, includes both income and loss items, include only the income amounts on line 2. For example, on federal Form 1040, Schedule 1, line 9, you report gambling winnings of $2,000 and a net operating loss carryover of ($3,000), for a net amount of ($1,000). In computing the amount on line 2 of the worksheet, include only the gambling winnings of $2,000.
Line 4: Include on line 4 only gains used in computing the amounts reported in column (h) of federal Schedule D. Loss transactions cannot be netted against gain transactions. However, do not include any gain from federal Form 4797 reported on line 11, column (h) of federal Schedule D.
Line 8: Include on line 8 only gains used in computing the amounts entered in column (g) of federal Form 4797. Loss transactions cannot be netted against gain transactions.
Line 11: Obtain this information from the S corporation. Do not include on line 11 any S corporation income included in lines 1-8.
Line 15: If you were a partner in a partnership and your federal Schedule K-1 shows any amount (including a loss) in box 14 under the code A, enter the sum of the codes B and C amounts shown in box 14.
Line 20: Do not include on line 20 gross income from fishing included in federal Schedule E, line 42.
Line 21: Include on line 21 only gains (not losses) reported on federal Form 4797 that represent gains from the sale of livestock used for draft, breeding, sport, or dairy purposes. Do not include any other gains or losses reported on federal Form 4797 (such as gains from the sale of farm machinery), even though these gains may be related to your farming business.
Line 22: Enter the amount from line 3 that represents gross income (gross receipts less cost of goods sold) from (1) the production of maple syrup (including maple syrup related products) or cider, (2) the sale of wine from a licensed farm winery, (3) the commercial boarding and training of horses, (4) the sale of Christmas trees from a managed Christmas tree operation, or (5) the sale of cider from a licensed farm cidery, as provided in Alcoholic Beverage Control Law § 58-c. Do not include gross income reported on line 3 that is from other types of businesses or products.
Line 23: Obtain this information from the partnership, S corporation, or estate or trust.
Line 25: If the line 18 amount is 0 and you have an amount (other than 0) on line 24, enter 1.00 (100%) on line 25.
