If I closed my business officially and made no money at 2024, Do i need to fill out this prompt (state its 0) or remove it?

[harveyros411]

This picture is from the federal tax return 

[LeticiaF1]

Yes, go ahead and fill out that prompt.  TurboTax will ask you for more information about your business, because there are some situations that could still affect your return this year.  Some of those could be if you sold your business, or if you had business property that you disposed of.  

When you edit this prompt, TurboTax will ask if you stopped your business, and will ask for more information on how to closed the business.  You will still have to go through the interview process for the business. The program will ask about income and expenses, and about any assets that the business had.  

For more information visit the following links for both IRS and TurboTax information on closing a business:

 

Steps to take to close your business

Closing a Business

[Edited 2/10/25 | 11:58AM PST ]