Thanks AliciaP1 !
There were no business assets as this was a solar consulting business. When we moved from California to Nevada I closed the business. I just wanted to make sure that it was documented correctly on my returns.
Yes, that box should be checked. If you had assets that belonged to the business that were expensed when purchased or were being depreciated, you need to "dispose" of the assets to complete the process of closing your business. TurboTax has options if you sold, gave items away, or converted them to personal use.
To get to this area in TurboTax Home & Business you can follow these steps:
Thanks AliciaP1 !
There were no business assets as this was a solar consulting business. When we moved from California to Nevada I closed the business. I just wanted to make sure that it was documented correctly on my returns.