No, you don't need to amend your income tax return. You can remove the Schedule C and related forms on your current year income tax return. Amending your return means filing a new form, 1040X. This is only required in certain situations.
To remove a business that transferred over from last year click on the following: How do I delete a prior-year Schedule C business that transferred over?
You may need to do some other things to close your business. Click here for more information.
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