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I did not operate my sole proprietership in 2016 and do not plan to resume in the future. Do I simply delete the type of business from the income page when I get to it?
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posted
June 4, 2019
5:03 PM
last updated
June 04, 2019
5:03 PM
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I did not operate my sole proprietership in 2016 and do not plan to resume in the future. Do I simply delete the type of business from the income page when I get to it?
Option 1
Don't delete your business if it closed sometime in 2016. Instead, report the business and make sure you select I sold (or disposed of) my business in 2016 on the Tell us about your business screen.
Otherwise, follow these instructions to delete a business that transferred over from your 2014 return but is no longer owned by you as of January 1, 2016.
Instructions- With your return open, search for this exact phrase: business (schedule c) (include the parentheses) and then click the "Jump to" link in the search results.
- Answer Yes when asked if you had (or want to work on) business income and expenses for 2015.
- That's right – you'll need to answer Yes, even though it doesn't make sense.
- If you're being forced to upgrade to Home & Business, contact us for further assistance.
- When you get to the Business info or Business Summary screen, click Delete next to the defunct business.
- Answer Yes to confirm the removal of all business-related forms.
June 4, 2019
5:03 PM
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I did not operate my sole proprietership in 2016 and do not plan to resume in the future. Do I simply delete the type of business from the income page when I get to it?
Option 1
Don't delete your business if it closed sometime in 2016. Instead, report the business and make sure you select I sold (or disposed of) my business in 2016 on the Tell us about your business screen.
Otherwise, follow these instructions to delete a business that transferred over from your 2014 return but is no longer owned by you as of January 1, 2016.
Instructions- With your return open, search for this exact phrase: business (schedule c) (include the parentheses) and then click the "Jump to" link in the search results.
- Answer Yes when asked if you had (or want to work on) business income and expenses for 2015.
- That's right – you'll need to answer Yes, even though it doesn't make sense.
- If you're being forced to upgrade to Home & Business, contact us for further assistance.
- When you get to the Business info or Business Summary screen, click Delete next to the defunct business.
- Answer Yes to confirm the removal of all business-related forms.
June 4, 2019
5:03 PM
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I did not operate my sole proprietership in 2016 and do not plan to resume in the future. Do I simply delete the type of business from the income page when I get to it?
When I go through the step-by-step I am not being asked "if I sold or disposed of my business"
June 4, 2019
5:04 PM
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I did not operate my sole proprietership in 2016 and do not plan to resume in the future. Do I simply delete the type of business from the income page when I get to it?
Also your instructions seem contradictory... I see this is a cut-and-paste from previous year's info with years changed, but it's very confusing. It says don't delete if I closed in 2015 make sure I report I disposed of it in 2016. Then immediately below you give instructions to delete if I did not operate as of January 1, 2016... My last day of operation was 12/31/15. I had no income or expenses and no assets depreciating. Which option is it?
June 4, 2019
5:04 PM
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I did not operate my sole proprietership in 2016 and do not plan to resume in the future. Do I simply delete the type of business from the income page when I get to it?
Since you don't see "if I sold or disposed of my business" then you should use Option 2 to delete the Schedule C and all the forms associated with the business.
June 4, 2019
5:04 PM
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I did not operate my sole proprietership in 2016 and do not plan to resume in the future. Do I simply delete the type of business from the income page when I get to it?
Ok that seemed to make sense to me, and I see the update above. I didn't believe the business needed to be carried over since no Schedule C was necessary (as 2015 was the final required Schedule C year), but wanted to clarify that no business information needed to be declared on my 2016 return. Thank you for your help.
June 4, 2019
5:04 PM
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