maglib
Level 10

Get your taxes done using TurboTax

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.

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