AnnetteB6
Expert Alumni

Business & farm

As long as you have no income or expenses to report in 2023 for the business that you stopped operating in 2022, then you can delete the Schedule C from your 2023 tax return.  

 

The exception to this would be if you had Assets entered as part of the business on which you were claiming depreciation or had claimed a special depreciation deduction or Section 179 deduction.  If that is the case, then you must dispose of those Assets through the Schedule C instead of simply deleting the form.  

 

@westcoastin510 

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