treatment of Schedule C no longer active

Forum|Forum|1 month ago
August 7, 2026
5 replies
103 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?

ProSeries Professional

L

linduca1216Author

Level 6

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.

T

Terry53029

Intuit Community Champion

As Linduca said no need to file schedule C if not active, but I would retain the worksheets in case your client decides to activate his/her business. I assume the assets were converted to personal use, and not sold.

IRonMaN

Level 15

I think Linduca’s reply was a case of “note to self”. 😀

But yeah, just delete the schedule C but keep a copy of the assets in the event that they are ever sold. But then again, you don’t say if the assets consist of a fleet of semi trucks and trailers, or a computer, desk and stapler. If they consist of a computer, desk and stapler, they may end up in garage sale selling for a buck 50, so keeping the asset list for future reference might not be a huge deal.

Slava Ukraini!

G

guycherwonuk

Level 2

Good morning IronMan - I enjoy reading your posts. Are you available to take on a new job?

IRonMaN

Level 15

@guycherwonuk - I’m glad you enjoy my posts. I have to admit that I much rather see those kinds of posts here instead of seeing that I am supposed to report to the principal’s office. I’m up to my eyeballs in work that I already have so I am definitely not searching for more. If you are looking for some help, you might want to try starting a fresh post to see if someone can give you a hand.

Slava Ukraini!

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