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To access 'at risk' questions in TurboTax Self-Employed, follow these steps:
Down the left hand side of the screen, click on Federal.
Across the top of the screen click on Income & Expenses.
Click Edit/Add to the right of Self-employment income and expenses.
Click Edit to the right of the self-employment activity.
Scroll down to Uncommon situations / Carryovers, limitations, at risk limitations, etc.
Click Edit to the right.
Answer the appropriate questions at the screen Do you have any of these other business situations?
The at-risk rules prevent taxpayers from deducting more than their actual stake in a business. This usually means that for tax purposes, only money you are personally liable for is considered at risk, and, therefore, tax deductible.
Yes I'm all good now. Thanks for your time.
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