Kat
Level 15
Level 15

Business & farm

@brettjns What type of business was the other business that you think is the phantom business?

 

If it was a Schedule C business, you'll need to properly "dispose" of this business.  See the info I'm linking below to delete a Schedule C that transferred over?

 

How do I delete a prior-year Schedule C business that transferred over? 

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***