How do I edit Schedule C Box 32?

[AnnetteB6]

Schedule C box 32a comes into play only if your Schedule C business is showing a loss.  

To review whether or not all of your investment in the business is at risk in this situation, use the following steps when using the Home and Business desktop version of TurboTax:

• Go to your Schedule C business input screens
• Go to Final Details > Special Situations and click Start or Update
• Check the box labeled 'I have money invested in this business that I'm not at risk of losing...' if this situation applies to you

When the box described above is checked, then Schedule C line 32b will be checked and you will need to enter further information about your investment in the business.  Otherwise, Schedule C line 32a will be checked when there is a loss.

If you are using TurboTax Online, use the following steps :

• Go to your Schedule C business input screens
• Go to Uncommon Situations and edit this section
• Go to the screen titled 'At-Risk Limitations' to check the box that matches your situation to fill in Schedule C box 32 properly

[user17730937188]

This is a useless answer since there is no selection in the Online version for which your answer addresses.

[DianeW777]

In TurboTax Online follow the prompts for a possible selection about your 'at risk investment'.

1. Search > type schedule c > click the Jump to... link
2. Click Edit  beside your Uncommon Situations > If you don't need to check anything on the next screen you will be taken back to the page where you began, then you do not have a loss on this business and the question should be automatically answered for you.

How You have access to all forms when you choose to print your return in TurboTax Online/Mobile.  However you are required to pay before printing, but do not have to file until you are ready.

• Can I print a copy of my return in TurboTax Online before filing?

@user17730937188