Hi,
I'm using TurboTax Home and Business 2019 and from what I read, I need to dispose of my sole prop business. I turned the Sole Prop (2012-2018) into a SCorp in 2019. (I'm using TurboTax Business to deal with the corps 2019 taxes).
In TurboTax Home and Business 2019 >Business Tab > Business and Income Expenses > Let's Conform your business info> Disposed of Business Current Year> I checked marked "I sold (or disposed of ) my business in 2019. > Selected "No" because the three items don't apply.
I think this is all I do. I don't see any other "date" entries or questions. What I'm concerned about is, TurboTax still leaves the company in the "Business Income and Expenses" area prompting me to fill in all the information. Is this suppose to be like this? Just ignore?
Where can I double check in the "Forms" to see that I'm reporting to the IRS I'm disposing of this sole prop entity?
Many thanks!
