I stopped doing business in 2022 and had zero income. I did not sell the business. I would like to know if the form looks right or any other comments please! Thank-you !!!
You'll need to sign in or create an account to connect with an expert.
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.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
robinhr
Returning Member
rda245
Level 1
socalgalish
Level 2
BWet7870
Level 1
Ronthelibrarian
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.