What would you do with the printer instead? If you sell it, and it was previously depreciated, you will have taxable income to report (depreciation recapture).
Has the business ever been engaged in ongoing business activities with a profit motive? It is not necessary that you make a profit, but it is necessary that you do the things a business does; you advertise for clients, bid for jobs, maybe do some work on spec to advertise your self, etc.
If the business was an ongoing activity that lost money, you can file a schedule C and deduct your losses. However, the IRS might look twice at a business that was opened for 1 year, only had losses, never had income, and was then closed. It could look like a scheme to create a paper loss for tax avoidance.
If the business was never an ongoing trade or business with a profit motive, you don't file a schedule C and you can't deduct your startup or organizational expenses.
