AnnetteB6
Expert Alumni

Get your taxes done using TurboTax

Given the circumstances you described, it seems that you have indeed answered your own question.  However, there is one more thing to do in TurboTax to prevent the business information from flowing into your 2025 tax return.

 

As you go through the business profile where all of the basic information about your business is reported, there should be an input screen that says Tell Us More About Your Business.  On that page, there is a box to check saying that you 'sold or disposed of the business during 2024'.  Be sure to check that box so that TurboTax will not transfer the information forward to 2025.

 

@PhoBug 

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