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Get your taxes done using TurboTax
The question about whether your investment is at risk is asked early in the Schedule C process. If you indicate that it is at risk, then the box is checked. That way, you can go about completing your Schedule C by entering your income and expenses without having to revisit the 'at risk' question every time another expense or income item is entered. The data is already there and TurboTax knows how to treat the loss, if there is one.
If there is no loss, then nothing additional would be reported on other forms and there is no harm in having the box checked indicating that all investment is at risk. This is not a red flag because there is no loss to be reported elsewhere.
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March 8, 2020
7:17 AM