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Returning Member
posted Oct 15, 2022 1:13:55 PM

If I stopped driving for a rideshare company, did I "otherwise dispose of this business"?

There's a question in TurboTax about if "I sold or otherwise disposed of this business" & when clicked on "disposed of" can be Abandonment.

 

Did I "dispose of" my business if I stopped driving for Lyft a year or two ago?

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1 Best answer
Level 15
Oct 16, 2022 6:36:10 AM

Not unless you actually abandoned the business and had no intention to resume the activity (i.e., your intention was a temporary pause).

1 Replies
Level 15
Oct 16, 2022 6:36:10 AM

Not unless you actually abandoned the business and had no intention to resume the activity (i.e., your intention was a temporary pause).