Since you filed Schedule C in the past (such as sole
proprietorship or single member LLC), closing a business couldn't be easier.
TurboTax will ask you if you disposed of your business during the year.
Once answered - there is nothing else to do for your income tax return. No
additional forms are needed.
If you sold the business to someone else, TurboTax will guide
you through the disposition process and include the transaction on your income
tax return.
If you
are closing a business that had employees or assets, please see below
link for guidance:
From <https://turbotax.intuit.com/tax-tools/tax-tips/Small-Business-Taxes/Closing-a-Business/INF12028.html>
