PROFITS RETURN-EARNINGS TAX Schedule C - Profit (or Loss) and Allocation Formula

Sep 19, 2026

PROFITS RETURN-EARNINGS TAX provides Schedule C to calculate profit or loss from a business or profession, including gross receipts, cost of goods sold components, gross profit, other business income, business deductions, and net profit or loss. It includes Schedule Y to allocate taxable net profit using a formula based on net profit, original cost of property, employee compensation, and gross receipts, producing an allocation percentage. It also provides Schedule Z for distributive shares of K-1 source income for partnerships, limited liability companies, and fiduciaries, including residency and taxable share amounts.

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Schedule C - Profit (or Loss) from Business or Profession

Gross receipts and cost of goods sold

Deductions and net profit or loss

Schedule Y - Business Allocation Formula

Allocation percentage and taxable net profit

Schedule Z - Distributive Shares of K-1 Source Income

FORM RD-108B (09/12) City of Kansas City, Missouri-Revenue Division PROFITS RETURN-EARNINGS TAX Schedule C, Y, Z Legal Name: FEIN / SSN: Account ID: SCHEDULE C-PROFIT (OR LOSS) FROM BUSINESS OR PROFESSION DOLLARS CENTS | 1. Gross receipts or gross sales, fees, or commissions less returns and allowances | | | | | | | | | | | | | | | | | | | 1 | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2. Cost of goods sold: DOLLARS CENTS | | | | | | | | | | | | | | | | | | | DOLLARS CENTS | | | | | | | | | | | | | | | A. Inventory at beginning of year | | | | | 2A | | | | | | | | | | | | | | | | | | | | | | | | | | | | | B. Purchases | | | | | 2B | | | | | | | | | | | | | | | | | | | | | | | | | | | | | C. Wages | | | | | 2C | | | | | | | | | | | | | | | | | | | | | | | | | | | | | D. Other costs (attach worksheet) | | | | | 2D | | | | | | | | | | | | | | | | | | | | | | | | | | | | | E. Total (lines 2A through 2D) | | | | | 2E | | | | | | | | | | | | | | | | | | | | | | | | | | | | | F. Less inventory at end of year | | | | | 2F | | | | | | | | | | | | | | | | | | | | | | | | | | | | | G. Net cost of goods sold (line 2E less line 2F) | | | | | | | | | | | | | | | | | | | 2G | | | | | | | | | | | | | | | 3. Gross profit (line 1 less line 2G) | | | | | | | | | | | | | | | | | | | 3 | | | | | | | | | | | | | | | 4. Other business income (specify) | | | | | | | | | | | | | | | | | | | 4 | | | | | | | | | | | | | | | 5. Total business income before deductions (line 3 plus line 4) | | | | | | | | | | | | | | | | | | | 5 | | | | | | | | | | | | | | | 6. Officer Compensation | 6 | | | | | | | | | | | | 12. Interest | | | | | | | | 12 | | | | | | | | | | | | | 7. Salaries | 7 | | | | | | | | | | | | 13. Depreciation | | | | | | | | 13 | | | | | | | | | | | | | 8. Repairs & maintenance | 8 | | | | | | | | | | | | 14. Depletion | | | | | | | | 14 | | | | | | | | | | | | | 9. Bad debts | 9 | | | | | | | | | | | | 15. Advertising | | | | | | | | 15 | | | | | | | | | | | | | 10. Rents | 10 | | | | | | | | | | | | 16. Pension, profit-sharing | | | | | | | | 16 | | | | | | | | | | | | | 11. Taxes (Federal, state and local taxes are NOT deductible.) | 11 | | | | | | | | | | | | 17. Employee benefit programs | | | | | | | | 17 | | | | | | | | | | | | | | | | | | | | | | | | | | 18. Other deductions (Special deductions are NOT deductible) | | | | | | | | 18 | | | | | | | | | | | | | 19. Total business deductions (line 6 through line 18) | | | | | | | | | | | | | | | | | | | 19 | | | | | | | | | | | | | | | 20. Net profit or loss (line 5 less line 19, enter on line 4, form RD-108 or line 1, Schedule Y) | | | | | | | | | | | | | | | | | | | 20 | | | | | | | | | | | | | | SCHEDULE Y-BUSINESS ALLOCATION FORMULA DOLLARS CENTS | 21. Total net profit (from Schedule C, line 20) | 21 | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | A: Everywhere DOLLARS CENTS B: In KCMO C: DOLLARS CENTS B divided by A | 22. Original cost of real and tangible personal property located | 22 | | | | | | | | | | | | | | | | | | | | | | | % | | --- | --

FAQs

What does Schedule C calculate on this tax form?

Schedule C calculates profit or loss from a business or profession by starting with gross receipts, subtracting cost of goods sold, adding other business income, then subtracting total business deductions to arrive at net profit or loss.

How is taxable net profit determined in Schedule Y?

Schedule Y starts with total net profit from Schedule C and computes allocation percentages using items such as original cost of property, total employee compensation, and gross receipts. It then multiplies the Schedule C net profit by the resulting allocation percentage to enter taxable net profit.

What information is collected in Schedule Z?

Schedule Z lists each taxpayer’s name and address, distributive percentage, Social Security or Federal ID number, whether they are a resident, and the taxable distributive shares amount. It also provides a total entry for distributive shares.

Sep 19, 2026

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