You can mark the Schedule C as ended in 2022 within the business General Information section. The end date is not necessary for the single-member LLC, just ensure the start date of the partnership is accurately reported on the Form 1065 and in future ones. Also, be sure you complete the Form 1065 before you do your personal return, as you will need the Schedule K-1 forms from the partnership in order to complete your personal return.
To mark the single-member LLC as ended in TurboTax Online you can follow these steps:
- Using the magnifying glass near the top right of the page search for Schedule C
- Use the Jump to link that shows in the results
- Click Edit for your line of work you need to mark ended
- Click Edit for the General Info line
- You can see Stopped work in 2022 near the middle of the screen, click Edit below
- Mark the box for I stopped XXX in 2022 and Continue
- On the Tell us if any of these situations apply screen, mark the box None of these apply
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