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New Member

Profit or loss from business schedule c is not showing up. My refund is not changing

My loss is not showing up on my return. Is it something wrong with the schedule C? Should i go to a new tax professional if turbotax has a glitch? 

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New Member

Profit or loss from business schedule c is not showing up. My refund is not changing

If you are not at risk of losing your investment in the business, you won't be able to claim losses. 

At risk means you are using your own money for the business.

There are a few places where you have to indicate your business involvement or that you at risk:

  1. On the left navigation bar, click on Federal. 
  2. Edit your Self-employment income and expenses.
  3. Edit your General Info.
  4. Scroll down to Other situations.
  5. On the Tell us if any of these less common situations apply to this work screen, click on None of these apply.
  6. When done, click on Looks Good.
  7. On the Here's your XXX info screen, scroll down to Uncommon situations.
  8. Click Edit next to Carryovers, limitations, at risk information, etc.
  9. Click None of the above if you are at risk.
  10. Continue with the onscreen interview until complete.

To get to your business entries:

  • Type sch c in the search box and click search.
  • Click on Jump to sch c.
  • Continue with the steps above.

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