Business & farm

There is nowhere on Schedule C to indicate your business closed or that it was for a partial year.  You don't need to indicate that on the actual tax forms.  Just go through the program to report the "assets" were converted to personal use.

Yes, you can convert assets to personal use without any taxes unless you previously used Section 179 on those assets.  If you used Section 179, then there would be some taxes on the recapture of the Section 179.