It depends. If you are using Turbo Tax Self-Employed, there is a question that asks if you sold or dissolved your business.
- Sign in to TurboTax.
- Click on the orange Take me to my return button. Go to Income and Expenses
- Then go to self-employment income>self employment and expenses>start
- Answer the questions on the screen regarding your business profile.
- Now under general information select Stopped work in 2021 and select edit.
- The next screen will say Tell us about how long you've worked in XXXX.
- Here you will indicate I stopped XXXX in 2021.
- Continue answering questions in this section until you are done with the section.
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