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I accidentally marked that some of my investment was not at risk on my Schedule F line 36. This greatly increased my tax burden. How do I go to change this line?
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I accidentally marked that some of my investment was not at risk on my Schedule F line 36. This greatly increased my tax burden. How do I go to change this line?
Go back to the Farm section, and Update. On the Farm Summary, choose edit.
Then, scroll down to Final Details, and choose Update.
On the screen Other Situations, uncheck the box I'm not at risk of losing all of the money I've invested in this farm.
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