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Get your taxes done using TurboTax
Note: Don't delete your business if it closed sometime in 2016. Instead, report the business and make sure you select I sold (or disposed of) my business in 2016 on the Tell us about your business screen.
Otherwise, follow these instructions to delete a business that transferred over from your 2015 return but is no longer owned by you as of January 1, 2016.
Instructions
- With your return open, search for this exact phrase: business (schedule c) (include the parentheses) and then click the "Jump to" link in the search results.
- Answer Yes when asked if you had (or want to work on) business income and expenses for 2016.
- That's right – you'll need to answer Yes, even though it doesn't make sense.
May 31, 2019
7:50 PM