turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
AmyC
Expert Alumni

How to report a closed LLC

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
AmyC
Expert Alumni

How to report a closed LLC

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question