TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

Closing LLC Business Expenses

Forum|Forum|11 months ago
April 20, 2025
1 reply
0 views

Hello,

I'm choosing to not renew my LLC business registration this year and closing my business. I have revenue from earlier in the year and expenses. Do I get to continue writing off expenses until my business is no longer registered, or for the remainder of the calendar year?

If your business is no longer trying to earn income, it is closed so no more expenses can be taken after that date (unless the expenses are a direct result for when the business was open). Just because your registration has not expired does not mean your business is still 'open' and trying to earn income.

BenFen101Author

Thanks for the reply. I'm still working to earn income, but I'm considering my options since I have to renew in a few months.