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April 15, 2025
Question

Disposing of a business - where is the line to check the box on the form

  • April 15, 2025
  • 1 reply
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I am using Turbo Tax Home and Business and am disposing through abandonment a business I started many years ago.  I checked the box on the step-by-step pages that says I disposed of the business, but when I print the pdf for the forms that will be going to the IRS, I don't see that page.  Where is it located or how do I get turbo tax to include it in the E-filing?

    1 reply

    April 16, 2025

    For a sole-proprietorship there isn't a box that says "Final Year" or anything on the schedule C.  You will just finish out the business and then not include it on the following year's return.

     

    @toedance 

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