Closing the business doesn't make the loss nonrecoverable. When a single-member LLC (Schedule C business) is closed, any remaining unamortized startup costs are fully deductible in the final year. The total Schedule C loss of $14,630 will flow through your Form 1040 and offset other income, subject only to normal limitations such as the at-risk rules or the excess business loss rules. If those don't apply to you, the full loss is deductible in 2025
Since you filed Schedule C in the past, closing a business couldn't be easier. TurboTax will ask you if you disposed of your business during the year. Once answered - there's nothing else to do for your income tax return. No additional forms are needed.
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