I am filing my Lyft deductions. Under Business Summary and "Qualified Business Income", it keeps popping up that it "Needs Review" no matter how many times I complete it.

[thanh-huynh8]

I have answered all the questions to see if I qualify. All work took place in the US. None of the work was for a former employer. I do not have deductions for Rideshare that I will claim elsewhere.

[JamesG1]

You reported Lyft income and expense within a self-employment activity.  

You answered the questions related to the self-employment activity being qualified business income.

When you run Review down the left side of the screen, what does the error message say?

[thanh-huynh8]

When I run review, it says I have (1) issue.

It asks for box 32 which is "schedule c(rideshare): investment at risk boxes must be entered". I select "No entry".

It also asks I provide a business name or "check the box at the top of schedule c to indicate that the taxpayer's name and the business name are the same" - it does not give me an option to select this checkbox. When I rerun the review it keeps repeating these items.

It does not bring up the Lyft income - however, when I go into the wages and income section, it says I have not started the 2025 income and expenses for my rideshare job - despite having all the information when I click into it.

When I do click into it, the info is there, but my total income from rideshare is written off by all of my expenses. Expenses > income for this year. The tag "Needs review" is present - when I click into it, the "Qualified Business Income" is what "needs review".

When I click to answer this, I reply that all the business was done in the US, none of it was for a former employer, and that I do not intend to file deductions elsewhere in my claim.

When I press continue, it remains as "needs review".

[VolvoGirl]

You have to answer the line 32a or 32b question.   Do you have a loss on Schedule C?   It should be YES All is at risk.    If you have money NOT at risk of losing, 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. People usually check the wrong box.

[thanh-huynh8]

Thanks VolvoGirl. Do you know how I can leave the business name empty?

[VolvoGirl]

Sorry I don't know about the Business name box.  I guess enter your name in it.