The Schedule C - EZ tab is used to enter the amounts found on the Tax Return's Schedule C -EZ and the FSP 1040 Supplement - Payments on Principal of the Purchase Price documents.
Different programs may use different entry lines. Enter information on each line that has a corresponding amount on the tax schedule. Budgeting rules will use the information entered to compute the countable income based on the rules for each program.
When previously entered tax information is displayed. Update by overlaying the information.
Schedule C-EZ: If there is a profit - enter the income figure from Line 3 of Schedule C-EZ in the first field. If there is a loss - enter the income figure from Line 3 of Schedule C-EZ in the second field.
FSP 1040 Supplement - Payment on Principal of the Purchase Price: Enter the amount from the "Food Stamp Program tool FSP1040 Supplemental" found in the FSP Best Practices Log and completed by the self employed person . Self employment for tax year 2001 or earlier will not have this figure.
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NFO2BB32K
(04-2005)