turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

erictmaine
Returning Member

No Schedule C income this year but not necessarily no longer working as a videographer as a side job. Do I file Schedule C with $0 income and $0 expenses this year?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
KarenJ2
Expert Alumni

No Schedule C income this year but not necessarily no longer working as a videographer as a side job. Do I file Schedule C with $0 income and $0 expenses this year?

From the IRS:   IRS Schedule C

 

Question

I have run a small business in the past but this year I had no income or expenses from the business. Is it necessary that I file a Schedule C?

Answer

If your sole proprietorship business has no profit or loss during the full year, it's not necessary to file a Schedule C (Form 1040 or 1040-SR), Profit or Loss from Business (Sole Proprietorship) for that year.

If your business is inactive, but you receive payments such as insurance that relate to the business, you must report those payments on a Schedule C.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies