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Business & farm
No, there is no need to file an amended return to notify the IRS that your Schedule C business has been closed.
When you are working through the Schedule C section within TurboTax, there may be a question about whether you closed your business during the year. However, that question is used for TurboTax purposes to determine whether to transfer the data to the following year's tax return. It is not part of the Schedule C that goes to the IRS.
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‎February 24, 2023
6:40 AM