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Business & farm
No ... only if you are permanently closing the business ... if it is just taking a break then just enter no income or expenses on the Sch C and let it ride unless you have assets being depreciated then just use the Sch C as normal ... the IRS is going to be very understanding during these covid times that even though you are trying to make money it may not be possible for a time.
‎December 15, 2021
5:58 AM
596 Views