Business & farm

AliciaP1 · ‎February 7, 2022

You do not need to check the box. You just need to file your 2021 Schedule C with your business information from when your business was in operation in 2021. As long as you do not have any 1099-MISC or 1099-NEC forms reported to you in 2022 for this business, the IRS will not penalize you or require additional filing information.

From the IRS:

Since you noted you did not have assets to sell you will not need to file the additional forms listed here.

[Edited 02/08/2022|12:04 PM PST]

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