My Notary business has been shut down for the last year and a half.

[karenvannoy45]

If my Notary business has been inactive for the last year and a half, how do I not report on taxes?

[Vanessa A]

If your business shut down for all of 2024, you would not include anything on your 2024 return.

If it was just a sole proprietorship and you did not sell any assets from the business, then you would just file your final return reporting your income and expenses in 2023, then nothing for 2024.  If you disposed of assets, you would need to report the sale of the assets on your return. 

Closing a Business