<p>On our taxes (sole proprietorship) the schedule C is used to figure out the income of the business for our 1040 I believe.</p>
<p>That said, I think I may have screwed up the profile when estimating our business' worth. I included the value of the building it was in not remembering that the value of the building is included in the assessed value of our home (bc it is on our property and is included in our regular property taxes). If it is not a big difference in the way the school looks at things I probably won't bother to send a change to the school that uses the profile.</p>