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What do I do about my schedule C when I retire?
I'm 72 years old but still work a bit so I do have income from my business. How should I handle that?
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June 5, 2019
4:17 PM
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Business & farm
There is no requirement to notify the IRS that you are stopping your sole proprietorship.
You can simply stop including a Schedule C with your Form 1040 when the business becomes inactive and is without income or expenses for an entire tax year.
June 5, 2019
4:17 PM