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Business & farm
You didn't provide any details about your question, but as a general rule, Schedule C is almost never subject to the Not-At-Risk rules and should therefore not have Section 465(d) carryovers.
If I had to guess, you mistakenly said, you are NOT At-Risk, rather than saying you ARE At-Risk when you prepared your 2024 return. Assuming that is the case, you can amend your 2024 return to say you are ARE At-Risk and it will then allow those losses to be used in 2024. Then there would NOT be a carryover to 2025, so you would need to delete that.
‎January 16, 2026
12:27 PM