Thanks for taking the time to reply to this thread. Means a lot to me. 🙏
I spoke with a local CPA this morning for a brief consultation, and he said that I cannot remove Schedule C until I formally dispose the Sole Proprietorship/LCC. If I remove Schedule C, that is riskier and it could flag an IRS audit. Instead, he said I continue including Schedule C with $0 income and $0 loss. He then suggested that I instead try to repurpose my other business to the new business I am trying to create this year. Please advise whether I should remove Schedule C all together, OR include it with $0 income and $0 loss.
Thank you!!
