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We need way more information than has been provided:
iI would suggest you seek the advice of a tax pro who can go over both your personal and business situations to give the best advice for minimizing your tax burden.
Agreed ... using a local professional would be wise ... you have to fill in and file a 8594 form that both parties agree on and shut down the business if needed ... these things can be compicated if you don't know what you need to do.
https://www.irs.gov/newsroom/what-if-i-close-my-own-business
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