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Retired and Closed Small Business

At the beginning of 2021 I decided it was time to retire and closed my  handyman business. Filled out Schedule "C" and checked the completely disposed of this business in a fully taxable transaction box.  Showed I had no income or expenses.  Had no business property to sell, worked from home.  Had no assets worth selling.  When I printed out my taxes the Schedule C was not included.  Is this a glitch in Turbotax?  If not how do I show that a closed my business to the IRS?

Thanks

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1 Reply
ThomasM125
Expert Alumni

Retired and Closed Small Business

The schedule C won't show on your tax return if you had no income to report in 2021. It is not necessary to inform the IRS that your business is closed if you are a sole-proprietor.

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