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If I temporarily closed my business do to corona, would I check I stopped my business in 2020""I started my business in 2020""I didn't start or stop my business in 2020"

 
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RayW7
Expert Alumni

If I temporarily closed my business do to corona, would I check I stopped my business in 2020""I started my business in 2020""I didn't start or stop my business in 2020"

If you are still in the same business and just had to temporarily shutdown due to COVID, then you did not close your business.

 

Still claim all income and expense(s) related to the business for the full tax year.

 

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