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June 5, 2019
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If I reported business loss (sole propietorship) last year but don't have anything to report this year, how should I handle this on this year's tax return?

  • June 5, 2019
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Best answer by DanO

If you have no profit or loss as a sole proprietor during the year, then it is not necessary to file a Schedule C Form 1040 return.

Click here to see IRS information

1 reply

DanOAnswer
June 5, 2019

If you have no profit or loss as a sole proprietor during the year, then it is not necessary to file a Schedule C Form 1040 return.

Click here to see IRS information