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My son pasted away in Jan. 2016 on his 2015 taxes he wrote off his landscaping business do I need to report that the business is closed this year if there was no income

 
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PatriciaV
Expert Alumni

My son pasted away in Jan. 2016 on his 2015 taxes he wrote off his landscaping business do I need to report that the business is closed this year if there was no income

Condolences on the loss of your son.

Yes, you should indicate this year that the business was "sold or disposed of" as of the end of January. If you see questions about a sale, enter zero dollars.

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PatriciaV
Expert Alumni

My son pasted away in Jan. 2016 on his 2015 taxes he wrote off his landscaping business do I need to report that the business is closed this year if there was no income

Condolences on the loss of your son.

Yes, you should indicate this year that the business was "sold or disposed of" as of the end of January. If you see questions about a sale, enter zero dollars.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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