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basmile4jesus
New Member

I checked the wrong box and said my investment was not at risk, but it is at risk. How can I get back to that form. I think it is form C line 32

 
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Accepted Solutions
VolvoGirl
Level 15

I checked the wrong box and said my investment was not at risk, but it is at risk. How can I get back to that form. I think it is form C line 32

Ok here are the steps for 2018 Onilne returns.  2 ways to get there

Go to the Search box in the upper right and type in Schedule C
Then click on Jump to Schedule C

Click on Edit or Review by your Business name
Go to Uncommon Situations - click Edit or Start
Make sure the 5th box is NOT checked for "I have money invested in the Business that I'm not at risk of losing"  and probably check the None of Above Box.
then Continue


OR

Click on Federal on the Left side
Income & Expenses at the top
Self Employment (2nd item in  listing) click on Start or Show More/Start or Review
Click Review by your Business name
Scroll down to Uncommon Situations - Click Start or Edit
Make sure the 5th box is NOT checked for "I have money invested in the Business that I'm not at risk of losing" and probably check the None of Above Box.
then Continue


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3 Replies
VolvoGirl
Level 15

I checked the wrong box and said my investment was not at risk, but it is at risk. How can I get back to that form. I think it is form C line 32

I haven't worked out the steps for online this year but try (this might just work for the Desktop program)  let me know

Go to Federal Taxes Tab
Wages and Income,
Choose Jump to Full List -or I'll choose what I work on
Then scroll way down to Business Items
Business Income and Expenses - Click the Start or Update

You should see the Business Summary page that lists your businesses

Then click EDIT by the business name and the next screen should be a list of  topics,
Business Profile, Income, Inventory/Cost of Goods Sold, Expenses, Assets, and Final Details last.

Scroll down to Final Details - Click Edit by Special Situations

Make sure the 6th box on the next screen is BLANK. It says...I have money invested in this business that I'm not at risk of losing.  And if you don't have any other boxes on that screen checked then click the last box for None of the above. -  Continue

VolvoGirl
Level 15

I checked the wrong box and said my investment was not at risk, but it is at risk. How can I get back to that form. I think it is form C line 32

Ok here are the steps for 2018 Onilne returns.  2 ways to get there

Go to the Search box in the upper right and type in Schedule C
Then click on Jump to Schedule C

Click on Edit or Review by your Business name
Go to Uncommon Situations - click Edit or Start
Make sure the 5th box is NOT checked for "I have money invested in the Business that I'm not at risk of losing"  and probably check the None of Above Box.
then Continue


OR

Click on Federal on the Left side
Income & Expenses at the top
Self Employment (2nd item in  listing) click on Start or Show More/Start or Review
Click Review by your Business name
Scroll down to Uncommon Situations - Click Start or Edit
Make sure the 5th box is NOT checked for "I have money invested in the Business that I'm not at risk of losing" and probably check the None of Above Box.
then Continue


VolvoGirl
Level 15

I checked the wrong box and said my investment was not at risk, but it is at risk. How can I get back to that form. I think it is form C line 32

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