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Opfor77
Level 5
March 8, 2023
Question

End of schedule C

  • March 8, 2023
  • 1 reply
  • 3 views

Is there a box to tick, or a place to enter a date for a schedule c business that ended mid year in order to change entities?

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1 reply

Just-Lisa-Now-
Just-Lisa-Now-Intuit Community Champion
Intuit Community Champion
March 8, 2023

Theres a checkbox for if the business was disposed of in a fully taxable transaction, but nothing for if you just stop doing business.

You can enter the date the assets were taken out of service for that business in he disposal section, that will stop the depreciation as of that date.

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