What do I do about my schedule C when I retire?

Christelak — Wed, 05 Jun 2019 23:17:21 GMT

I'm 72 years old but still work a bit so I do have income from my business. How should I handle that?

There is no requirement to notify the IRS that you are st...

Leonard — Wed, 05 Jun 2019 23:17:22 GMT

There is no requirement to notify the IRS that you are stopping your sole proprietorship.

You can simply stop including a Schedule C with your Form 1040 when the business becomes inactive and is without income or expenses for an entire tax year.

topic What do I do about my schedule C when I retire? in Business & farm

What do I do about my schedule C when I retire?

There is no requirement to notify the IRS that you are st...