☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Feb 15, 2022 6:42:59 AM

Can I submit my taxes without form 8995 if my business closed in 2020?

I closed my business in early 2020. TT automatically generated form 8995 for my 2021 personal taxes. Do I need this form or can I delete it? I don't want the IRS to be looking for more business tax forms from me since the business is closed.

0 1 130
1 Replies
Level 15
Feb 15, 2022 6:49:58 AM

Since you no longer have the business in 2021 you can delete the Form 8995

 

Click on Tax Tools on the left side of the online program screen

Click on Tools

Click on Delete a form

 

Note - There may also be a Schedule C listed and if it is also delete the Schedule C