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bolinda55
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closing business

For years I had a single employer/owner LLC and used the Turbo Tax Home and Business software.  In 2024, I had limited revenue as I am closing the business and have some continued expenses.  The revenue was under $1000.  Can I continue to use the software and take the business deductions?  I have not closed my business yet with the state because I need to finish paying bills and any outstanding taxes.  Thoughts?  Thanks.

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closing business

You can deduct expenses related to the production of income. 

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