topic How to report a closed LLC in Get your taxes done using TurboTax

How to report a closed LLC

elliott7795 — Sat, 22 Feb 2025 18:00:22 GMT

I closed my llc in 7/2024. I had no income from the business for several years minimal expenses and no inventory. I do have an EIN, how to I file a final reporting for the llc? I have always just included the return as a schedule c in along with my personal taxes. I cannot find a box on Schedule C for final reporting.

Re: How to report a closed LLC

AmyC — Sat, 22 Feb 2025 18:03:39 GMT

The schedule C does not have a final reporting since it is not incorporated, just part of your return. They come and go as people have ups and downs in life. As long as you are not depreciating anything, you can just delete the form. If you have any assets, you can convert them to personal use.