topic Should I file Schedule C if I did not make any money last year 2021 August 7th? in Business & farm

Should I file Schedule C if I did not make any money last year 2021 August 7th?

sirlawrence2 — Mon, 09 Mar 2026 04:46:28 GMT

I'm full-time employed and being audited by the i r s

Re: Should I file Schedule C if I did not make any money last year 2021 August 7th?

LeonardS — Sun, 27 Feb 2022 16:50:49 GMT

Yes, you will need to file Schedule C Profit or Loss from Business if you received any income from your business activity. The fact that you did not make any money, from your business activity, does not remove the requirement to file Schedule C. Also, being employed full-time does not eliminate you from having to file Schedule C.

Re: Should I file Schedule C if I did not make any money last year 2021 August 7th?

sirlawrence2 — Sun, 27 Feb 2022 17:57:31 GMT

😬so no. I did not make a dime

Re: Should I file Schedule C if I did not make any money last year 2021 August 7th?

LeonardS — Sun, 27 Feb 2022 18:25:25 GMT

Yes, you do not have to file a Schedule C if you had no income. However, you may want to file as a final Schedule C if you do not plan on continuing your business. The only entry you would make would be to indicate that you ended the business in 2021 by checking the box on the line I stopped -your business name- in 2021 on the page Tell us about how long you've worked in (your business name).