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Turbo is putting a check mark on my Sched C line 32a, but I do not have a loss.
The IRS instructions on SCHED C say "If you have a loss, check the box that describes your investment in this activity." It then goes on to say "If you checked 32a, enter the loss on Schedule 1 and on Schedule SE"
HOWEVER, I do NOT have a loss. And turbo is still checking BOX 32a.
I am tempted to ignore this, but since this checked box requires the filer to make additional entries on SCHED 1 and SCHED SE, won't this raise a red flag when those entries aren't made?
March 7, 2020
3:17 PM