For Self Employed parents filing IRS form 1040 schedule C If you have filed your 2014 taxes: On page 2 of the Bishop O’Dowd tuition assistance application enter the Schedule C net profit or loss (line 31 of the IRS form 1040 schedule C) under the appropriate parent income. On the PSAS application, section F, line 4, enter the net profit or loss (line 31 of the IRS form 1040 schedule C). If you have NOT filed your 2014 taxes, on page 2 of the Bishop O’Dowd tuition assistance application enter your best estimate of the Schedule C net profit or loss (the amount you estimate will be on line 31 of the 2014 IRS form 1040 schedule C) under the appropriate parent income. On the PSAS application, enter the net profit or loss in section F, line 4 (the amount you estimate will be on line 31 of the 2014 IRS form 1040 schedule C). IN ADDITION, on the PSAS form in section K, line 1 enter the actual 2014 gross income (the amount that will be on line 1 of the 2014 IRS form 1040 schedule C). ALSO, on the PSAS form, section K, line 3, enter the estimated 2014 net income (the amount that you estimate will be on line 31 of the 2014 IRS form 1040 schedule C). For all Self Employed families On both forms, where there is a column for 2015 estimated income, you will need to estimate the net income or loss from the schedule C you anticipate for 2015.