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jpstenzel
New Member

How do I uncheck box? Error msg is Sch C Wks (oil Investments) at risk box - part should not be checked since gross income is more than total expenses plus 7

 
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PatriciaV
Expert Alumni

How do I uncheck box? Error msg is Sch C Wks (oil Investments) at risk box - part should not be checked since gross income is more than total expenses plus 7

You may review and/or edit information regarding at-risk for your business, following these steps in TurboTax Online:

 

  1. In the left column, choose Federal >> Wages & Income >> Self-Employment and the ">" on the right.
  2. Click Edit to the right of business name.
  3. Scroll down to bottom: Carryovers, limitations, at risk information, etc. >> Edit.
  4. Answer or edit questions regarding business situation(s).
    Enter/edit At-Risk Loss Carryovers as negative numbers, if applicable.
  5. Continue back to business summary >> I'm Done (at bottom).

 

Using TurboTax Home & Business for desktop, you'll find this topic under Business >> Final Details >> Special Situations.

 

For more info, see Is my business investment at risk?

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