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Glad it worked out, yes once business is closed, There would be no schedule C in the future for it. Please mark the answer to close your question so you will not longer get follow up emails on it.
Allso if there was a disposition of any assets the business had, even if $0, you must show them disposed or they will continue to depreciate and show a sched c.
**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
‎April 1, 2024
7:40 PM