DavidS127
Expert Alumni

Business & farm

I assume you are looking for Form 4562, Depreciation and Amortization.   If you don't have asset additions in the year, you won't have a Form 4562.  But, your depreciation of assets from prior years will continue to calculate.  You should see that on you Schedule C for the business you are closing.

 

Also, you should note that because you are closing the business during the year, you will need to visit each of the business assets, and report that there was a disposition of the asset during the year.

 

See this TurboTax article on Closing a Business for a good overview.

 

 

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