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New Member
posted Jan 26, 2022 11:44:49 AM

Closing business

I’m closing my business and moving abroad, I barely made any money last year. How do I file ? 

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1 Replies
Expert Alumni
Jan 26, 2022 11:54:11 AM

You will file your business return and be sure all items being depreciated are marked as sold, converted to personal use, etc. Please see Small Business and Self-Employed Tax Center for how to close a business in its entirety.