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Get your taxes done using TurboTax
ok, thanks.
I just found where I can report the business as closed. So it looks like a schedule C still gets created, just with a bunch of 0's filled in. Hopefully next year the schedule C will not get generated since I reported the business as closed this year.
For the Qualified Business deduction - thanks for that link. I was confused by the fact it is called "business" deduction but I agree the IRS language is very clear that REIT dividends get the deduction regardless of whether we own a business.
Thanks again!
‎April 1, 2024
7:19 PM