Line 32a on Schedule C indicates all investment is ''At-Risk''. You can follow these instructions below to change this entry in TurboTax Home & Biz -
- Open your tax return
- Type “Schedule C" in the search box, top right of your screen, then click the 'Find' button
- Click the "jump to schedule c" link in the search results.
- You will arrive at the Your Business summary page where you can add/edit a business
- Click Edit next to the business where you need to make a change
- Now, you should arrive at a Business Information summary page
- Scroll down until you see the section for Final Details (see attached screenshot). Click the Update button next to Special Situations.
- The next page will have the “at-risk” question at the bottom (see screenshot)
- If you accidentally indicated that the at-risk rules applied to you the first time through, then you can then edit this question by unchecking it.
