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transcendent206
New Member

How do I change my answer on the Schedule C form 32b to 32a?

 
1 Best answer

Accepted Solutions
DawnC
Employee Tax Expert

How do I change my answer on the Schedule C form 32b to 32a?

Line 32a on Schedule C indicates all investment is ''At-Risk''.   You can follow these instructions below to change this entry in TurboTax Online:

  • Open your tax return
  • Type “sch c" in the search box, top right of your screen, then hit enter
  • Click the "jump to sch c" link in the search results.
  • You will arrive at the Your Self-Employed work summary
  • Click Edit next to the business where you need to make a change
  • Scroll down to Uncommon Situations (it is right under the list of expenses) and click Edit 
  • Uncheck the box that says - I have money invested in this business that I'm not at risk of losing; that is, certain cash, property, or borrowed amounts that are protected from loss.
  • If you have no boxes checked, choose none of the above and hit Continue

This will move the checkmark from 32b to 32a.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

2 Replies
DawnC
Employee Tax Expert

How do I change my answer on the Schedule C form 32b to 32a?

Line 32a on Schedule C indicates all investment is ''At-Risk''.   You can follow these instructions below to change this entry in TurboTax Online:

  • Open your tax return
  • Type “sch c" in the search box, top right of your screen, then hit enter
  • Click the "jump to sch c" link in the search results.
  • You will arrive at the Your Self-Employed work summary
  • Click Edit next to the business where you need to make a change
  • Scroll down to Uncommon Situations (it is right under the list of expenses) and click Edit 
  • Uncheck the box that says - I have money invested in this business that I'm not at risk of losing; that is, certain cash, property, or borrowed amounts that are protected from loss.
  • If you have no boxes checked, choose none of the above and hit Continue

This will move the checkmark from 32b to 32a.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

transcendent206
New Member

How do I change my answer on the Schedule C form 32b to 32a?

Worked like a charm! Thanks! 

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