topic Can you help? Business information was carried over from last year's income tax but I no longer have this business. How can I correct this? in Self-employed https://turbotax.community.intuit.ca/community/self-employed/discussion/can-you-help-business-information-was-carried-over-from-last-year-s-income-tax-but-i-no-longer-have/01/913393#M3404 Wed, 30 Oct 2019 16:31:36 GMT judyhardy 2019-10-30T16:31:36Z Can you help? Business information was carried over from last year's income tax but I no longer have this business. How can I correct this? https://turbotax.community.intuit.ca/community/self-employed/discussion/can-you-help-business-information-was-carried-over-from-last-year-s-income-tax-but-i-no-longer-have/01/913393#M3404 Wed, 30 Oct 2019 16:31:36 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/can-you-help-business-information-was-carried-over-from-last-year-s-income-tax-but-i-no-longer-have/01/913393#M3404 judyhardy 2019-10-30T16:31:36Z If you closed the business in 2016 and did not have it at... https://turbotax.community.intuit.ca/community/self-employed/discussion/if-you-closed-the-business-in-2016-and-did-not-have-it-at/01/913394#M3405 <P>If you closed the business in 2016 and did not have it at all in 2017, you can select “Business or Professional Activities” from the “Self-Employment” sub-menu in the “Income” tab. Click on “Delete” to remove the unwanted business, and all information pertaining to it.</P><P> If you did operate the business in 2017, but it ceased operations that year, you can “Edit” the business instead. Under “Identification of your business” at the bottom of the page, answer “Yes” to the question “Is this your final year of business?”. Then make sure the rest of the information reflects what happened in 2017. Ex: You disposed of any property you formerly claim capital cost allowance on.<BR /></P> Wed, 30 Oct 2019 16:31:38 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/if-you-closed-the-business-in-2016-and-did-not-have-it-at/01/913394#M3405 TurboTaxSusan 2019-10-30T16:31:38Z
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topic Can you help? Business information was carried over from last year's income tax but I no longer have this business. How can I correct this? in Self-employed
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Can you help? Business information was carried over from last year's income tax but I no longer have this business. How can I correct this?
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If you closed the business in 2016 and did not have it at...
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<P>If you closed the business in 2016 and did not have it at all in 2017, you can select “Business or Professional Activities” from the “Self-Employment” sub-menu in the “Income” tab. Click on “Delete” to remove the unwanted business, and all information pertaining to it.</P><P> If you did operate the business in 2017, but it ceased operations that year, you can “Edit” the business instead. Under “Identification of your business” at the bottom of the page, answer “Yes” to the question “Is this your final year of business?”. Then make sure the rest of the information reflects what happened in 2017. Ex: You disposed of any property you formerly claim capital cost allowance on.<BR /></P>
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