Business & farm

I assume that you are a single member LLC or sole proprietor; which is essentially the same from an income tax standpoint.

You just won't have anything to report on your Sch C.

Not a problem.

Depending on the state, just make sure you comply with any filings that may be required by the Secretary of State.  

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

View solution in original post