Re: Do I have to file a business that has no sales or expenses in 2022?

Do I have to file a business that has no sales or expenses in 2022?

It is a home based side business but there was no activity due to health issues.

posted

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), 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.

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Do I have to file a business that has no sales or expenses in 2022?