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Get your taxes done using TurboTax
You should really be filing a $0.00 Schedule C return if the business did not have any income or expenses to report for the tax year, but was still operational and not shut down. This helps the IRS and your state know that the business is operational, and has not closed and keeps records straight.
You can file using Deluxe if you prefer and then upgrade in 2020 when you file 2020 returns to self-employed and then file the Schedule C. The IRS and/or your state might send you a letter wondering why there is no business return on your 2019 return. If that is the case, you can either amend and file $0.00 return or write a letter of explanation to them as to why.
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‎February 18, 2020
8:54 AM