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Level 2
posted Mar 6, 2025 9:40:47 AM

Where do I mark on my Schedule C that this is my business's FINAL RETURN?

I am not finding it n the business section of the federal return.

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1 Best answer
Expert Alumni
Mar 6, 2025 12:27:19 PM

There isn't a section to mark on ‌Schedule C that it's your Final Business Return. Instead, you will answer that you stopped the business during 2024, and answer any questions regarding the way you ceased operation, such as if you sold the business. 

 

See image below for reference

 

 

Take a look at this previous thread post by @MichaelDC. It goes in-depth about filing a final return when you are a Sole Proprietor or Single-member LLC.

 

https://ttlc.intuit.com/community/taxes/discussion/how-do-i-mark-a-schedule-c-inactive-how-do-i-see-the-irs-forms-as-i-work-through-the-tax-return/00/155421#:~:text=Since%20you%20filed,forms%20are%20needed.

1 Replies
Expert Alumni
Mar 6, 2025 12:27:19 PM

There isn't a section to mark on ‌Schedule C that it's your Final Business Return. Instead, you will answer that you stopped the business during 2024, and answer any questions regarding the way you ceased operation, such as if you sold the business. 

 

See image below for reference

 

 

Take a look at this previous thread post by @MichaelDC. It goes in-depth about filing a final return when you are a Sole Proprietor or Single-member LLC.

 

https://ttlc.intuit.com/community/taxes/discussion/how-do-i-mark-a-schedule-c-inactive-how-do-i-see-the-irs-forms-as-i-work-through-the-tax-return/00/155421#:~:text=Since%20you%20filed,forms%20are%20needed.