FEE BASIS:remove personal business topic

booboo4 — Mon, 15 Feb 2021 13:01:29 GMT

I use TurboTax annually. Until the past Tax year, I had

the usual employee based job AND did Fee Basis work. This past year, I did no Fee Basis work but continued my usual

employment. THus, no income or expenses for Fee Basis

business. The Fee basis portion transferred over with the

new TurboTax. How do I remove the Fee Basis topic from my 2020 taxes since I made $0 and had no expenses or depreciation? Or ,do I just need to enter $ 0 for all of the

Fee Basis information and be more aware next year and

not transfer this info over? Please advise

Re: FEE BASIS:remove personal business topic

MaryK4 — Wed, 17 Feb 2021 02:33:08 GMT

Follow these steps to close out the business: How do I delete a prior-year Schedule C business

A sole proprietor, someone who owns an unincorporated business by themselves – must take certain actions if they want to close their business. They must file final forms and schedules whether they've been in business a few months or many years. See Closing a sole proprietorship | Internal Revenue Service

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FEE BASIS:remove personal business topic

Re: FEE BASIS:remove personal business topic