When/How to stop filing Schedule C

socal_wag — Mon, 17 Apr 2023 19:36:36 GMT

For several years my wife's income as a musician has only been reported on form 1099-misc, so I have filed a Schedule C for her. In 2022, for the first time, ALL her musician income has been reported on a W-2. I understand that her expenses related to her W-2 musician income will have to be reported on Form 2106 and that feeds into Schedule A for 2022. Do I just not file a Schedule C? Would that trigger an audit if I stop filing a Schedule C without "disposing of the business"? Or do I file a Schedule C that would be all blank, because there was no non-W-2 income and hence no non-W-2 income related expenses.

Re: When/How to stop filing Schedule C

VolvoGirl — Mon, 17 Apr 2023 19:38:40 GMT

By the way, you can no longer deduct W2 expenses on form 2106 and Schedule A.

Re: When/How to stop filing Schedule C

ShirlynW — Mon, 17 Apr 2023 19:59:39 GMT

I advise "disposing of the business." Also, I advise not file a Schedule C containing all blanks.

topic Re: When/How to stop filing Schedule C in Self employed

When/How to stop filing Schedule C

Re: When/How to stop filing Schedule C

Re: When/How to stop filing Schedule C