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Level 6
August 7, 2026
Question

treatment of Schedule C no longer active

  • August 7, 2026
  • 1 reply
  • 10 views

Not active in 2025 and no additional activity expected in the future.  All assets have been fully depreciated.

Can they just be removed?  from depreciation worksheets?

1 reply

Level 6
August 7, 2026

Per what I found on IRS website:  f your sole proprietorship business has no profit or loss during the full year, it's not necessary to file a Schedule C (Form 1040), Profit or Loss from Business (Sole Proprietorship) for that year.