Question

Self Employed

Forum|Forum|6 years ago
March 22, 2020
1 reply
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I need to end my business on Turbo-tax… I don’t see a spot to end the business/generate a final Sched C in “Here’s the business info we have so far”.. It just asks me to Edit and start inputting data vs asking me If I want to close out the business… Help is appreciated.. Thanks.. Ken

The program does ask if the business ended in the tax year.

Type Schedule C into the search box and click the "Jump to Schedule C" link

Go through the interview and select that the business ended in 2019.

If you need to edit, go back to the "Let's confirm your business info" screen

Click "Edit" next to "Disposed of Business in Current Year"

Also, below is a link about closing a business:

Closing a Business

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