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New Member
posted Feb 19, 2020 5:51:41 AM

Tax Year Prior to 2020: If my business closed in 2019 but i received commissions (small check) in 2020 can I do a schedule c and close my business tax wise?

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1 Replies
Expert Alumni
Feb 19, 2020 8:11:08 AM

Yes, that would be the best way to report the income from the business, and then in the program indicate that the business has been shut down so the Schedule C for 2020 would be the final return.