PatriciaV
Expert Alumni

Business & farm

It depends. If you had no business activity in 2022, you may delete Schedule C from your return. However, if you didn't report that you closed your business on your 2021 return, you should include a final Schedule C this year. Then delete the Schedule C next year.

 

When you check the box for "I sold (or disposed of) my business" under Situations in the Business Profile, TurboTax will help you complete a final Schedule C. 

 

See this article for other considerations when Closing a Business.

 

@THAT GUY2 

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