Feature
Schedule C, done before you open the form
For sole proprietors and single-member LLCs, LedgerMCP regroups your whole year onto the IRS Schedule C lines. Gross receipts, per-line expense totals, net profit, and a suggested line for anything you have not mapped yet. Your AI can run the whole thing.
Schedule C, line by line
Your categories, regrouped onto the lines the form asks for, with gross receipts and net profit computed straight from the postings.
Line 8 AdvertisingLine 11 Contract laborLine 24a TravelLine 25 UtilitiesLine 27a OtherHow Schedule C prep works
- 1
Keep the books through the year
Categorize as you go, or in one catch-up pass. Because every expense already lives in a chart-of-accounts category, the year is tax-ready before you open the form.
- 2
Run Schedule C
LedgerMCP regroups your year onto the IRS Schedule C lines and returns gross receipts, per-line expense totals, and net profit. Any expense category that is not mapped to a line comes back with a suggested line.
- 3
Confirm the mappings and export
Accept the suggestions that fit, adjust the ones that are a tax judgment call, and the line map sticks for next year. Export to CSV and hand it to your CPA, or type it straight onto the form.
What you get back
Every line, totaled
Suggestions for the rest
Mappings that carry forward
Books first, tax second
Schedule C is only as good as the books behind it. Because LedgerMCP is a real double-entry ledger, the net profit on line 31 is the same net profit on your profit and loss report, traceable to the postings. Nothing is estimated and nothing is stored that cannot be re-derived.
Behind years of backlog? Hand your agent the statements, let bulk categorize clear them, then run Schedule C on a complete year. Catch-up and tax prep are the same afternoon. The same clean year also feeds your 1099 report, so both year-end tax outputs come from one set of books.
The tools behind it
Run the Schedule C report, set the line on a category, and catch up an uncategorized year in bulk so the report is whole.
run_schedule_cupdate_accountbulk_categorizeCommon questions
Can LedgerMCP generate a Schedule C?
Yes. It takes your year of double-entry books and regroups the numbers onto the IRS Schedule C lines: gross receipts on line 1, and expenses onto lines 8 through 27a. You get per-line totals and net profit, ready to copy onto the form or hand to your accountant.
How do my categories map to Schedule C lines?
Each expense account carries a Schedule C line. For anything not yet mapped, LedgerMCP suggests a line based on the account name, and you confirm it. The mapping is a tax judgment, so the owner has the final say, and once set it carries forward year to year.
Is this for sole proprietors and single-member LLCs?
Yes. Schedule C is how sole proprietors and single-member LLCs report business income on their personal return. If that is you, this turns a year of bank activity into the exact lines the form asks for.
Does it file the form for me?
No. LedgerMCP prepares the numbers, it does not e-file. You or your CPA enter the figures on your return. The value is that the hard part, sorting a year of transactions into the right lines, is already done and traceable.
Can my AI do the tax-prep work?
Yes. Your agent runs the Schedule C report, walks the unmapped categories with you, and applies the line mappings you approve. It can also catch up a whole year of uncategorized transactions first, so the report is complete.
Can I export it for my accountant?
Yes. The Schedule C report exports to CSV, and every line traces back to the underlying transactions. Your CPA gets clean, checkable numbers instead of a shoebox of receipts.
Get your year Schedule C ready
Free to start, no card. Import your statements, let your agent categorize, and run the report your CPA needs.