I am working on my 2025 income taxes and each year I get confused when it comes to carryovers is schedule c and section 465(d) carryovers. I am a small business

[devonaerobics]

I have questions regarding my 2024 and 2025 at risk carryovers as well as the 465(d) carryovers, please advise?

[AmeliesUncle]

You didn't provide any details about your question, but as a general rule, Schedule C is almost never subject to the Not-At-Risk rules and should therefore not have Section 465(d) carryovers.

If I had to guess, you mistakenly said, you are NOT At-Risk, rather than saying you ARE At-Risk when you prepared your 2024 return.  Assuming that is the case, you can amend your 2024 return to say you are ARE At-Risk and it will then allow those losses to be used in 2024.  Then there would NOT be a carryover to 2025, so you would need to delete that.