Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
duhert2016
New Member

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

 
1 Best answer

Accepted Solutions
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.

View solution in original post

1 Reply
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.

Dynamic AdsDynamic Ads
Privacy Settings
v