Good Afternoon,
I am a self-employed professional artist and have been running my small business of making and selling art for almost 2 decades. I have filed my personal taxes using Turbo Tax with the addition of the Small Business/Sole Proprietorship option.
For personal reasons, I have had to take a hiatus from work since October, 2024. I will have zero income from my business in 2025. My plan is to restart the business in 2026.
My question is how to file for 2025.
Do I file my 2025 taxes using the Small Business option and report $0 income? Is there an option for reporting the one year break from doing business?
Do I simply file my 2025 personal taxes and not mention the business.
Thank you.
