Business & farm

See https://www.irs.gov/businesses/small-businesses-self-employed/closing-a-business

 

You do not have to officially close a (Schedule C - sole proprietorship) business with the IRS unless you have an EIN that needs to be canceled.

 

If you have around $400 or less in income from the activity, it will make no difference whether you report the income on Schedule C or as miscellaneous income.

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