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Business & farm
Be sure to go into your Schedule C and indicate that you select I stopped [your business] in 2023 on the Tell us about how long you've worked in [your business] screen. That will let the IRS know that you did not run the business during 2023.
Also, be sure that if you had any assets being depreciated for your business that you have gone through that section to indicate that they are no longer used for business.
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‎January 31, 2024
3:06 PM