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damselx
New Member

In a review box I reviewed an item in schedule c I chose 32b but it should have been 32a - all at risk - now I can not correct it - where do I find the actual form?

 
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3 Replies

In a review box I reviewed an item in schedule c I chose 32b but it should have been 32a - all at risk - now I can not correct it - where do I find the actual form?

Ok here are the steps for prior year online returns.  Don't know if they still work for 2020.  2 ways to get there

 

Go to the Search box in the upper right and type in Schedule C

Then click on Jump to Schedule C

 

Click on Edit or Review by your Business name

Go to Uncommon Situations - click Edit or Start

Make sure the 5th box is NOT checked for "I have money invested in the Business that I'm not at risk of losing"  and probably check the None of Above Box.

then Continue

 

OR

 

Click on Federal on the Left side

Income & Expenses at the top

Self Employment (2nd item in  listing) click on Start or Show More/Start or Review

Click Review by your Business name

Scroll down to Uncommon Situations - Click Start or Edit

Make sure the 5th box is NOT checked for "I have money invested in the Business that I'm not at risk of losing" and probably check the None of Above Box.

then Continue

DavidD66
Expert Alumni

In a review box I reviewed an item in schedule c I chose 32b but it should have been 32a - all at risk - now I can not correct it - where do I find the actual form?

To change your entry regarding "All investment is at risk." vs. "Some investment is not at risk.", while working in your return, click on "Forms" in the upper right hand corner of your screen.  On the left of your screen, under "Forms in My Return", scroll down to "Schedule C..." and click on it.  Schedule C will open up on your screen.  Scroll down until you get to line 32, and then mark the appropriate box.

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In a review box I reviewed an item in schedule c I chose 32b but it should have been 32a - all at risk - now I can not correct it - where do I find the actual form?

@DavidD66

 

The original poster showed the ONLINE version so your DOWNLOADED version answer may not be understood ... so either  pay attention to the poster's version  OR   couch your answer by adding " when using the downloaded version this is what you can do ..." 

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