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You will not need to file anything for the business if there was no income and you have no expenses.
If your business had expenses in 2016, you should file a Schedule C to report these expenses. You are allowed to deduct expenses only in the year they were paid - they cannot be carried over to 2017. (TurboTax Self Employed is required to report Schedule C expenses). You will be able to deduct these expenses on your return to reduce your taxable income.
You will not need to file anything for the business if there was no income and you have no expenses.
If your business had expenses in 2016, you should file a Schedule C to report these expenses. You are allowed to deduct expenses only in the year they were paid - they cannot be carried over to 2017. (TurboTax Self Employed is required to report Schedule C expenses). You will be able to deduct these expenses on your return to reduce your taxable income.
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