ABCDEFGHIJKLMNOPQRSTUVWXYZ
1
Colorado Department of Revenue
2
2018 Individual Statistics of Income
3
Table 14. Business Income by Industry
4
5
This table summarizes sole proprietorship business income by industry as reported by full-year resident taxpayers on federal Schedule C forms.
6
7
I. Number of Returns, Number of Schedule C's, and Business Income Data
8
NAICS 1Industry 1Number of
Returns 2		Number of Schedule C'sGross IncomeNet Profit or Loss
9
11Agriculture, Forestry, Fishing and Hunting 5,357 5,525 $182,332,017 $4,469,997
10
21Mining, Quarrying, and Oil and Gas Extraction 3,249 3,651 $229,049,828 $32,922,589
11
22Utilities 294 298 $9,283,705 $256,789
12
23Construction 48,059 49,031 $3,299,157,572 $887,664,015
13
31-33Manufacturing 6,511 6,622 $232,430,333 $37,012,740
14
42Wholesale Trade 5,507 5,629 $249,889,065 $63,231,434
15
441Motor Vehicle and Parts Dealers 1,486 1,510 $83,343,875 $13,896,713
16
442Furniture and Home Furnishings Stores 401 410 $18,370,973 $2,684,457
17
443Electronics and Appliance Stores 175 176 $11,536,674 $2,686,375
18
444Building Material and Garden Equipment and Supplies Dealers 398 407 $33,666,161 $7,301,009
19
445Food and Beverage Stores 1,076 1,111 $114,505,105 $14,240,598
20
446Health and Personal Care Stores 2,737 2,782 $49,864,311 $10,893,053
21
447Gasoline Stations 98 104 $22,200,113 $559,144
22
448Clothing and Clothing Accessories Stores 2,161 2,188 $57,499,013 $4,265,885
23
451Sporting Goods, Hobby, Musical Instrument, and Book Stores 1,606 1,635 $50,575,259 $5,267,990
24
452General Merchandise Stores 559 568 $17,925,678 $2,662,789
25
453Miscellaneous Store Retailers 4,466 4,555 $137,374,074 $15,976,586
26
454Nonstore Retailers 21,736 22,486 $289,880,167 $51,473,576
27
48-49Transportation and Warehousing 35,839 38,502 $1,389,625,570 $184,642,926
28
51Information 7,043 7,220 $170,904,024 $66,629,977
29
52Finance and Insurance 11,249 12,135 $1,030,039,787 $376,170,417
30
53Real Estate and Rental and Leasing 28,105 29,428 $1,620,228,691 $668,317,125
31
54Professional, Scientific, and Technical Services 76,752 80,426 $3,214,778,852 $1,794,126,034
32
56Administrative and Support and Waste Management and Remediation Services 28,470 29,226 $864,214,522 $302,406,235
33
61Educational Services 14,642 15,150 $194,521,779 $84,981,656
34
62Health Care and Social Assistance 29,729 30,706 $1,327,604,214 $574,860,517
35
71Arts, Entertainment, and Recreation 30,550 32,005 $500,610,986 $129,952,046
36
721Accommodation 1,712 1,815 $93,029,385 ($99,528)
37
722Food Services and Drinking Places 6,003 6,267 $434,082,857 $16,646,643
38
55; 81Management of Companies and Enterprises; Other Services (except Public Administration) 54,972 57,371 $1,593,933,378 $512,829,510
39
92Public Administration 14 14 $97,889 $76,206
40
NABlank or Invalid NAICS 87,596 93,464 $1,955,785,172 $730,953,276
41
Total 466,992 542,417 $19,478,341,029 $6,599,958,779
42
43
Source: Federal and Colorado individual income tax returns (full-year residents only)
44
45
1 These industries are defined in the North American Industry Classification System (NAICS). NAICS are reported by the taxpayer on their federal Schedule C forms.
46
2 An individual may file more than one Schedule C if they have more than one business, and each of their businesses may have a different NAICS code. Every Schedule C is summarized separately in this table. Therefore, one return may show up in more than one industry category. The total number of returns represents the total number of returns with at least one Schedule C; it is not a sum of the returns within each industry category.
47
48
Prepared by: Office of Research and Analysis, Colorado Department of Revenue | dor_ora@state.co.us
49
Data extracted: August 20, 2020
50
Publish date: November 2021
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100