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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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WKins2
Expert Alumni

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?

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. 

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