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March 10, 2023
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Can I find out if I indicated to Turbotax that I closed my business in 2021?

  • March 10, 2023
  • 1 reply
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I stopped working 12/31/2021 but had some income and expenses trickle in in 2022.  I don't remember if I said on last year's Turbotax questions that I closed business or left it open for just this reason.
Best answer by Anonymous_

It really makes no difference as to your response since the indication that you closed your business is actually used internally by TurboTax.

 

There is no place on Schedule C to indicate that you closed your business so the IRS would not be aware of that simply because you answered that question in TurboTax.

 

As a result, you can simply enter the expenses in the program that belong on Schedule C. 

1 reply

Employee
March 10, 2023

It really makes no difference as to your response since the indication that you closed your business is actually used internally by TurboTax.

 

There is no place on Schedule C to indicate that you closed your business so the IRS would not be aware of that simply because you answered that question in TurboTax.

 

As a result, you can simply enter the expenses in the program that belong on Schedule C.