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lczh0518
Returning Member

Schedule C At Risk form

I hit the wrong entry on the Schedule C At Risk form and when I try to hit Search at the top, type in Schedule C, there is no Edit business button (i've read all the previous posts). I deleted form 6183 under tools --> forms and that did not make the form reappear. I also went to my self employement income section, edit and do not see anywhere for Final Details. I see "Uncommon Situations" but I never selected anything for that to begin with.

 

Can someone please help me?

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1 Reply
AnnetteB6
Employee Tax Expert

Schedule C At Risk form

If you are trying to change the Schedule C box 32a answer, it only comes into play if your Schedule C business is showing a loss.  

 

To review whether or not all of your investment in the business is at risk in this situation, use the following steps when using the Home and Business desktop version of TurboTax:

 

  • Go to your Schedule C business input screens
  • Go to Final Details > Special Situations and click Start or Update
  • Check the box labeled 'I have money invested in this business that I'm not at risk of losing...' if this situation applies to you

When the box described above is checked, then Schedule C line 32b will be checked and you will need to enter further information about your investment in the business.  Otherwise, Schedule C line 32a will be checked when there is a loss.

 

If you are using TurboTax Online, use the following steps :

 

  • Go to your Schedule C business input screens
  • Go to Uncommon Situations and edit this section
  • Go to the screen titled 'At-Risk Limitations' to check the box that matches your situation to fill in Schedule C box 32 properly
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