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To follow-up on the prior posts from @MonikaK1 and AliciaP1, your investment in your business is all at risk if there is no one, or no entity, that will cover your business losses. For example, if you had some type of insurance that would compensate you for your loss, or even some percentage of your loss, such as the losses you have incurred in 2022, then it would be fair to say that your investment is not all at risk. If that were the case, then you would select "some of my investment is not at risk." Usually, when the losses have to come out of your own pocket, then that means your investment is all at risk.
The non-recourse loan referenced in a prior post is a type of loan where the borrower is not liable for repayment. If your business capital was funded in whole or in part with non-recourse loans, then your business investment would not be all at risk.
The not applicable category assumes that there could be business situations where risk is not relevant, although, given your situation, it appears risk is relevant because you have a loss.
Thus, if there is no one, or no entity to compensate you for the business losses you have incurred in 2022, then your investment in your business is all at risk.
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