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samfam-5
New Member

How to find a way to answer a question that I answered wrong/ about how much my business is at risk? To amend a line on schedule C

How to locate and find a way to amend a line on schedule C
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PatriciaV
Expert Alumni

How to find a way to answer a question that I answered wrong/ about how much my business is at risk? To amend a line on schedule C

You may review and/or edit information regarding at-risk for your business, following these steps in TurboTax Online:

 

  1. In the left column, choose Federal >> Wages & Income >> Self-Employment and the ">" on the right.
  2. Click the three dots to the right of business name >> Edit
  3. Scroll down to bottom: Carryovers, limitations, at risk information, etc. >> click three dots >> Edit
  4. Answer or edit questions regarding business situation(s).
    Enter/edit At-Risk Loss Carryovers as negative numbers, if applicable.
  5. Continue back to business summary >> I'm Done (at bottom).

Using TurboTax Home & Business for desktop, you'll find this topic under Business >> Final Details >> Special Situations.

 

For more info, see Is my business investment at risk?

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