NicolleR1
Expert Alumni

Business & farm

There isn't a section to mark on ‌Schedule C that it's your Final Business Return. Instead, you will answer that you stopped the business during 2024, and answer any questions regarding the way you ceased operation, such as if you sold the business. 

 

See image below for reference

 

 

Take a look at this previous thread post by @MichaelDC. It goes in-depth about filing a final return when you are a Sole Proprietor or Single-member LLC.

 

https://ttlc.intuit.com/community/taxes/discussion/how-do-i-mark-a-schedule-c-inactive-how-do-i-see-...

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