Besides my normal job, I have a small business on the side for the past 8 years. I took a break last year. Do I have to include this business in my tax return?
Besides my normal job, I have a small business on the side for the past 8 years. I took a break last year. Do I have to include this business in my tax return?
If the business ended, you would report that on the final Schedule C, but sounds like you might do more with it in the near future so you might want to keep it going.
**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
TurboTax Expert Assist
Get answers to all your tax questions
Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.