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Level 2
June 2, 2019
Question

Delete Schedule C?

  • June 2, 2019
  • 1 reply
  • 11 views

I did not operate my business any more starting in 2018. Can I just delete the Schedule C and business or should I indicate on the Schedule C that this business and all assets were disposed of Jan1, 2018?

1 reply

June 2, 2019

Yes. I'd recommend you file a "final return" for your business and dispose the assets rather than just deleting the Schedule C.