topic If self employed business closed in 2016 with zero income do I file sch c? TTH&B does not include sch c with 1040. How do I close out business with IRS? in Business & farm

If self employed business closed in 2016 with zero income do I file sch c? TTH&B does not include sch c with 1040. How do I close out business with IRS?

Taxxed15 — Sat, 01 Jun 2019 06:46:14 GMT

I did answer the question Did I dispose of business in 2016 as "yes". If no sched c with a zero for income is being filed with 1040, how does IRS get notified the business is done. The business closed due to retirement no sale or exchange and no taxable anything.

If you closed your business with no income and no expense...

MiriamF — Sat, 01 Jun 2019 06:46:16 GMT

If you closed your business with no income and no expenses, there is nothing to do. You don't need to file Schedule C. This TurboTax article explains more about closing a business.

Depending upon your state, there may be additional forms you need to file. Check with your state's web site to see if you need to file any final documents.

topic If self employed business closed in 2016 with zero income do I file sch c? TTH&amp;B does not include sch c with 1040. How do I close out business with IRS? in Business & farm

If self employed business closed in 2016 with zero income do I file sch c? TTH&B does not include sch c with 1040. How do I close out business with IRS?

If you closed your business with no income and no expense...

topic If self employed business closed in 2016 with zero income do I file sch c? TTH&B does not include sch c with 1040. How do I close out business with IRS? in Business & farm