Disposing of a business - where is the line to check the box on the form

I am using Turbo Tax Home and Business and am disposing through abandonment a business I started many years ago. I checked the box on the step-by-step pages that says I disposed of the business, but when I print the pdf for the forms that will be going to the IRS, I don't see that page. Where is it located or how do I get turbo tax to include it in the E-filing?

272

Expert Alumni

Apr 16, 2025 7:27:09 AM

For a sole-proprietorship there isn't a box that says "Final Year" or anything on the schedule C. You will just finish out the business and then not include it on the following year's return.

@toedance

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Disposing of a business - where is the line to check the box on the form