Question

Disposing a buisness: No Schedule C generated?

Forum|Forum|2 years ago
March 30, 2024
1 reply
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We officially ended my wife's business (self-employed home day care) in October 2023, but she actually had stopped taking care of kids a while ago, so she has zero business income in 2023.

So in TurboTax, we indicated that we disposed of the business, but now when I generate the PDF of all the tax forms, my wife's Schedule C is not included.

But my understanding is that a Schedule C should be included for the tax year in which the business was closed.

I see my wife's Schedule C in the Forms view - how do I instruct TurboTax to include it when electronically filing our taxes and when generating the final PDF of our complete set of tax forms?

Thank you,

Dan

PatriciaV

If the Schedule C is blank and the business closed, you are not required to include it with your tax return. This is true as long as you didn't sell the business or dispose of any assets.

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