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pblb0426081630p
New Member

Small business reporting

My wife and I each had a small business that we discontinued in 2016.  They were very small and nothing ever materialized from either.  A small amount of expenses were reported in 2015, but no income or expenses were realized in 2016.  Do you we need to report anything?
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Phillip1
New Member

Small business reporting

If there were no income and expenses for 2016 and the businesses were not partnerships or corporations, you will not need to file anything for 2016.

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2 Replies
Phillip1
New Member

Small business reporting

If there were no income and expenses for 2016 and the businesses were not partnerships or corporations, you will not need to file anything for 2016.

pblb0426081630p
New Member

Small business reporting

Thank you.

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