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Level 1
posted Feb 22, 2025 10:00:22 AM

How to report a closed LLC

I closed my llc in 7/2024.  I had no income from the business for several years minimal expenses and no inventory.  I do have an EIN, how to I file a final reporting for the llc?  I have always just included the return as a schedule c in along with my personal taxes.  I cannot find a box on Schedule C for final reporting.

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1 Best answer
Expert Alumni
Feb 22, 2025 10:03:39 AM

The schedule C does not have a final reporting since it is not incorporated, just part of your return. They come and go as people have ups and downs in  life. As long as you are not depreciating anything, you can just delete the form. If you have any assets, you can convert them to personal use.

1 Replies
Expert Alumni
Feb 22, 2025 10:03:39 AM

The schedule C does not have a final reporting since it is not incorporated, just part of your return. They come and go as people have ups and downs in  life. As long as you are not depreciating anything, you can just delete the form. If you have any assets, you can convert them to personal use.