Schedule C the IRS form used by sole proprietors and single-member LLCs to report business income and deductible expenses. Most TikTok Shop sellers file Schedule C with their personal Form 1040.
Dashboardly calculates Schedule C from your live TikTok Shop data — pulling actual orders, fees, refunds, and returns so the number you see matches your P&L.
Key deductions: COGS, shipping, software, advertising, home office, phone, internet, supplies, professional services.
Net Profit (Line 31) = Gross Income - Total Expenses
TikTok's native reports use attributed metrics with click- and view-through windows. Dashboardly calculates Schedule C from actual order revenue, deducting refunds and returns for a truer number that matches your real P&L.
Schedule C is a leading indicator — check it daily if you're running ads or running pricing experiments, weekly otherwise. Dashboardly tracks Schedule C automatically so you don't have to pull exports.
Our complete walkthrough of Schedule C: the TikTok Shop tax guide for sellers.
The IRS form used by sole proprietors and single-member LLCs to report business income and deductible expenses. Most TikTok Shop sellers file Schedule C with their personal Form 1040.
$80,000 gross - $55,000 expenses = $25,000 net profit on Schedule C
Key deductions: COGS, shipping, software, advertising, home office, phone, internet, supplies, professional services.
The IRS form used by sole proprietors and single-member LLCs to report business income and deductible expenses. Most TikTok Shop sellers file Schedule C with their personal Form 1040.
Dashboardly connects to your TikTok Shop and calculates this metric plus 30+ others per SKU. No spreadsheets. No manual math.
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