How do I make a change to line 32A?

[LeonardS]

What Form is Line 32a on?

[JayKepps]

I believe you are talking about SCHEDULE C.

Perhaps Turbo checked box 32a when it shouldn't have?   Or vice versa?

That's what happened to me.

By going into "Forms mode", I navigated to that form and simply unchecked the box.  If this is an improper solution, I hope someone will recommend a better way.

[VolvoGirl]

Ok here are the steps for 2018 Onilne returns, hopefully it's the same for 2019.   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

[JayKepps]

Is it okay to just enter "Forms Mode" and uncheck the box?  Or will that screw things up?

[VolvoGirl]

By the way, for an explanation of Schedule C line 32a At Risk.

If you have money not at risk you can not take a loss on schedule C. If you don't know what it means then probably All your Investment is at Risk (check Box 32a). It means you are using your own money for the business.

[JayKepps]

The question causing confusion with a lot of folks has to do with a business that made a PROFIT,  yet turbo still checks box 32A.  Lots of folks just want to UNCHECK that box.

[drtaxes]

How do you get to forms mode?

[Cass0317]

To switch to Forms Mode, open your return and select the Forms icon in the top right corner of the screen (or choose Forms from the View menu at top).

Please also see the TurboTax FAQ below for additional instructions:

How do I switch to Forms Mode in the TurboTax for Windows software?

@drtaxes

[drtaxes]

@Cass0317 I have the online version

[AkinaLO]

This article will show you how to view your forms in TurboTax Online. 

How do I view and delete forms in TurboTax Online? 

@drtaxes

[drtaxes]

@AkinaLO I am not looking to view or delete forms, I need to edit something in a form

[SForrestLO]

If you are using the CD/Download, you can switch to Forms Mode to edit a form. If you are using the online version, there is no option to switch.  

How do I switch to Forms Mode in the TurboTax for Windows software?
https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-switch-to-forms-mode-in-the-turbotax-...

[VolvoGirl]

You only need to check box 32a if you have a loss on schedule C.  

[VolvoGirl]

OK I wrote down the steps for Online.  But if you have a Net Profit then neither box is going to be checked.

Federal on Left

Income & Expenses

Self Employment

Your business should should up.  Click Edit by your business

Scroll down to Uncommon Situations

Then get this screen.  The 5th box should be blank.