How do I make a change to line 32A?

1240481

Connect with an expert

@VolvoGirl 5th box is blank. I do have net profit, but CPA told me that line 32A needs to be checked...

The CPA is wrong. Don't worry about it. Read the descriptions on line 32

32 If you have a loss, check the box that describes your investment in this activity. See instructions.

@VolvoGirl Do you know how it affects, or doesn't affect, having that box checked versus not?

If you have money At Risk 32b then your loss may be limited. See Schedule C line 32 instructions on page 14

Still have questions?

Questions are answered within a few hours on average.

*Must create login to post

Unlock tailored help options in your account.