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H
hurleysmummy-gma
March 23, 2024
Question

My husband had a stroke 3 years ago and we ended up closing the business last year. Do we still need to use the Home and Business version?

  • March 23, 2024
  • 1 reply
  • 0 views
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1 reply

DoninGA
DoninGA
March 23, 2024

No.  You can use any of the TurboTax desktop CD/Download editions.  If you have a state tax return then the Deluxe desktop edition would be perfectly suitable.

    H
    hurleysmummy-gmaAuthor
    March 24, 2024

    So, he closed it with the state we were living in but he did not close the business with federal. Does that matter?

    DoninGA
    DoninGA
    March 24, 2024
    @hurleysmummy-gma wrote:

    So, he closed it with the state we were living in but he did not close the business with federal. Does that matter?

    If he was reporting the business income and expenses on a Schedule C, there is no need to inform the IRS that the business is no longer active.

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