JamesG1
Employee Tax Expert

Get your taxes done using TurboTax

I suspect that you have selected that you are not 'at-risk' for your losses.

 

Follow these steps:

  • Go to Federal / Income & Expenses / Your income and expenses.
  • Click Edit / Add to the right of Self-employment income and expenses.
  • Click Edit to the right of the self-employed activity.
  • Click Edit to the right of General Info.
  • Scroll down to Other Situations.
  • Click Edit under Actively participated in this work.
  • At the screen Tell us if any of these less common situation apply to this work, you may have selected I didn't actively participate.

Review this question.  Click None of these apply and your losses should be reported on your tax return.

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