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Self-Employment Income (Schedule C)Drake Software User’s ManualProgram Defaults for Screen CNEW FOR2008Prior to 2008, screen C included check boxes for the program defaultselections (described below). These boxes have been removed; a boxneeds to be selected now only if the program default does not apply.Business CodesCTRL+SHIFT+S tosearch codes.The program’s default accounting method is cash. Select Accrual or Other, as applicable,for accounting methods other than cash. If Other, include a description.The program’s default position for material participation is that the taxpayer “materiallyparticipated in 2008.” If the taxpayer did not materially participate, select DidNOT materially participate in 2008.The program’s default inventory valuation method is cost. If the valuation method isnot cost, select the correct method under Part III - Cost of Goods Sold.The program’s default position for at-risk investments is that all investments are atrisk. If this is not true for your client, select Some investment is NOT at risk.You can use the search function to locate a specific business code. Place the cursor inthe Business Code box (field B) and press CTRL+SHIFT+S. In the Search dialog box,enter a search term and click Go. All codes that include the search term are displayedas shown in the example in Figure 5-15.Tax Treatment CodesFigure 5-15: Example of a search using Data Entry - SearchSelect the desired code and click OK or press ENTER.New in 2008, screen C contains a Special tax treatment code drop list (Figure 5-146).Figure 5-16: Special tax treatment code drop list on screen C94 Tax Year 2008