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March 6, 2025
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Where do I mark on my Schedule C that this is my business's FINAL RETURN?

  • March 6, 2025
  • 1 reply
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I am not finding it n the business section of the federal return.
    Best answer by NicolleR1

    There isn't a section to mark on ‌Schedule C that it's your Final Business Return. Instead, you will answer that you stopped the business during 2024, and answer any questions regarding the way you ceased operation, such as if you sold the business. 

     

    See image below for reference

     

     

    Take a look at this previous thread post by @MichaelDC. It goes in-depth about filing a final return when you are a Sole Proprietor or Single-member LLC.

     

    https://ttlc.intuit.com/community/taxes/discussion/how-do-i-mark-a-schedule-c-inactive-how-do-i-see-the-irs-forms-as-i-work-through-the-tax-return/00/155421#:~:text=Since%20you%20filed,forms%20are%20needed.

    1 reply

    NicolleR1Answer
    March 6, 2025

    There isn't a section to mark on ‌Schedule C that it's your Final Business Return. Instead, you will answer that you stopped the business during 2024, and answer any questions regarding the way you ceased operation, such as if you sold the business. 

     

    See image below for reference

     

     

    Take a look at this previous thread post by @MichaelDC. It goes in-depth about filing a final return when you are a Sole Proprietor or Single-member LLC.

     

    https://ttlc.intuit.com/community/taxes/discussion/how-do-i-mark-a-schedule-c-inactive-how-do-i-see-the-irs-forms-as-i-work-through-the-tax-return/00/155421#:~:text=Since%20you%20filed,forms%20are%20needed.