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January 22, 2024
Solved

If I own a business but haven’t made any sales this year but haven’t legally closed the business, do I still need to report it on my *yearly* taxes?

  • January 22, 2024
  • 1 reply
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Best answer by Critter-3

If you report this "business" on the Sch C on your personal tax return and you had no income or expenses to report then you can skip the Sch C on the return.  

1 reply

Critter-3
Critter-3Answer
January 22, 2024

If you report this "business" on the Sch C on your personal tax return and you had no income or expenses to report then you can skip the Sch C on the return.