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I needed to use the business version last year but I don't need to use it this year. I don't want to pay extra to file my taxes by using the business version.

 
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1 Reply
MichaelDC
New Member

I needed to use the business version last year but I don't need to use it this year. I don't want to pay extra to file my taxes by using the business version.

Note: Don't delete your business if it closed sometime in 2016. Instead, report the business and make sure you select I sold (or disposed of) my business in 2016 on the Tell us about your business screen.

Otherwise, follow these instructions to delete a business that transferred over from your 2015 return but is no longer owned by you as of January 1, 2016.

Instructions

  1. With your return open, search for this exact phrase: business (schedule c) (include the parentheses) and then click the "Jump to" link in the search results.
  2. Answer Yes when asked if you had (or want to work on) business income and expenses for 2016.
  • That's right – you'll need to answer Yes, even though it doesn't make sense.
  • When you get to the Business info or Business Summary screen, click Delete next to the defunct business.
  • Answer Yes to confirm the removal of all business-related forms.

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