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smsternal
New Member

How do I edit my in income and expenses from self-employment? I am no longer self-employed. How do I change it to get rid of this schedule C?

 
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3 Replies
gxt1
Level 3

How do I edit my in income and expenses from self-employment? I am no longer self-employed. How do I change it to get rid of this schedule C?

Delete the form.

Wages & Income, Business Items, Business Income and Expenses (Sch-C), Update and the option to delete the form is presented. 

PatriciaV
Expert Alumni

How do I edit my in income and expenses from self-employment? I am no longer self-employed. How do I change it to get rid of this schedule C?

If you have nothing to report for this business (no income or expenses) and had no assets that were being depreciated, you may do as gxt1 suggests and delete Schedule C from your return. Use the trashcan icon if it is available.

 

Otherwise, you must report that you stopped doing business, report any income & expenses, and write off your depreciable assets through sales or disposal.

 

See also this TurboTax article: Closing a Business

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gxt1
Level 3

How do I edit my in income and expenses from self-employment? I am no longer self-employed. How do I change it to get rid of this schedule C?

I was taking it to mean that you did not have any schedule C income in 2025 and just wanted the form gone. Certainly I could have misunderstood and ParticiaV's more elegant answer is the ticket.

I would only add to PatriciaV's, that if you had 2025 Schedule C income and have to enter expenses, and you used a vehicle in your business, then you will have (and will be asked about) that you converted the vehicle to personal use and get to calculate depreciation recapture for the vehicle. There is a nice post on that issue at:

https://ttlc.intuit.com/community/taxes/discussion/sale-of-personal-vehicle-i-used-for-business/00/3...

 

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