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Our business had no income or expenses this year it is a side business that we chose not to work on in 2016 what do we enter

 
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MinhT
Expert Alumni

Our business had no income or expenses this year it is a side business that we chose not to work on in 2016 what do we enter

If you had no income or expense for your business in 2016, you do not need to enter anything as the business was not active in 2016.

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MinhT
Expert Alumni

Our business had no income or expenses this year it is a side business that we chose not to work on in 2016 what do we enter

If you had no income or expense for your business in 2016, you do not need to enter anything as the business was not active in 2016.

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

Our business had no income or expenses this year it is a side business that we chose not to work on in 2016 what do we enter

So do I delete the Business from Turbo Tax so we can use the personal Turbo Tax? Next Year there will be activity.  Or do I put  zero on the schedule C for income and expenses?
MinhT
Expert Alumni

Our business had no income or expenses this year it is a side business that we chose not to work on in 2016 what do we enter

You do not file a Schedule C. Use only the Personal tab if you have no business to report.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Our business had no income or expenses this year it is a side business that we chose not to work on in 2016 what do we enter

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