Investors & landlords

If you are deleting the business Schedule C, you won't be entering a stop date.   If you are entering expenses and want to keep the business on your return, you can tell TurboTax, you stopped, sold, or disposed of your business in 2023.  

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Don't delete your business if it closed sometime in 2023.  Instead, report the business and make sure you select I stopped [your business] in 2023 on the Tell us about how long you've worked in [your business] screen.   

Otherwise, follow these instructions to delete a business that transferred over from your 2022 return but is no longer owned by you as of January 1, 2023.

Instructions

1. With your return open, search for business (schedule c). Be sure to include the parentheses.
2. Select the Jump to link in the search results.
3. On the Your 2023 self-employed work summary screen, select the trash can icon next to the defunct business.
4. Select Yes, delete this info to confirm the removal of all business-related forms.