Lindqvist Studio (Schedule C) › SchC.1
SchC.1 · federal · SchC line 1
Gross receipts
163,700
engine v3
How this number was built
R-SCHC-GROSS Books revenue, plus payment-card (Form 1099-K) amounts that the engine could not match to a books deposit.
Engine note: Gross receipts = books revenue plus Form 1099-K amounts not matched to a books deposit.
Sources (7) — where the inputs came from
Lindqvist Studio - Profit and Loss, January-December 2025 (QuickBooks, cash basis)
D14 · page 1 · field total_income · “Total income”
read as “151,300.00” → 151,300
99%
2025 Form 1099-K - Paywell Payments
D21 · page 1 · field box1a · “Box 1a gross amount”
read as “12,400.00” → 12,400
99%
2025 Form 1099-NEC - Fennimore Brewing Co.
D16 · page 1 · field box1 · “Box 1 nonemployee compensation”
read as “38,500.00” → 38,500
99%
2025 Form 1099-NEC - Atlas Outdoor Gear, Inc.
D17 · page 1 · field box1 · “Box 1 nonemployee compensation”
read as “41,200.00” → 41,200
99%
2025 Form 1099-NEC - Sable & Finch Architects LLP
D18 · page 1 · field box1 · “Box 1 nonemployee compensation”
read as “27,900.00” → 27,900
99%
2025 Form 1099-NEC - Riverbend Credit Union
D19 · page 1 · field box1 · “Box 1 nonemployee compensation”
read as “19,800.00” → 19,800
99%
2025 Form 1099-NEC - Quill Media Group LLC
D20 · page 1 · field box1 · “Box 1 nonemployee compensation”
read as “14,600.00” → 14,600
99%
Flows into
Independent checks
Gross receipts reconciled to third-party formsFails
The 1099-K 12,400 is already in the books; the engine added it again (gross 163,700 vs 151,300). This is also the answer to the 2028 exam question (1099-NEC 142,000 + 1099-K 12,400 = 154,400 reported vs 151,300 receipts).
Method: 1099-NEC total 142,000 + deposits from clients with no 1099 9,300 = 151,300; books total income 151,300. D15: Atlas's 1099-K amount 12,400 was deposited gross and is inside Atlas's 41,200 (also on its 1099-NEC).
Proposed: 163,700 → 151,300 · Tax: fed −4,402 · CA −384
Open check →
History — nothing is overwritten
v1 · 2026-03-04: 163,700v2 · 2026-03-19: 163,700v3 · 2026-06-23: 163,700
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Evidence & discussion
↗ Prior year: 2024 SchC.1 - Gross receipts
Record how you verified it