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Get your taxes done using TurboTax
Even if you don't have income, you may have expenses, including depreciation on prior assets, and that needs to be accounted for and tracked. You may have a loss that can be carried forward, but it needs to be reported and filed. If the business has no activity because it is defunct/ended, then you need to file a closing return to close the business.
‎December 7, 2023
1:37 PM